Actuary (secondment)

Financial Women’s Association; Stirling; On-site; GBP 50,000 - 80,000; Full time

Job summary

M&G is seeking an experienced Actuary for a 9-12 month secondment to support the Chief Actuary Team. The role involves vital financial responsibilities including monitoring solvency, preparing reports, and ensuring adherence to regulations. Ideal candidates will possess strong analytical skills and experience with financial reporting in life assurance.

Qualifications

• Experience in financial reporting or actuarial modelling.
• Ability to communicate complex problems succinctly.
• Experience in drawing conclusions from complex data.

Responsibilities

• Support quarterly Solvency II valuation review.
• Manage timelines and documentation effectively.
• Contribute to management activities and process improvements.

Skills

Communication

Problem Solving

Financial Reporting

Data Analysis

Ownership

Job description

At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

The Chief Actuary is a statutory role that focuses on ensuring the financial wellbeing of the M&G Plc insurance business, and forms part of our Finance Function. The Chief Actuary is responsible for the Actuarial Function, as defined under Solvency II.

An opportunity has arisen for an Actuary to join the Chief Actuary Team on a 9 to 12 month secondment. You will assist the Chief Actuary in carrying out his statutory duties and the duties of the Actuarial Function.

This will include (with the rest of the Chief Actuary's team) monitoring the company's solvency and financial strength (including supporting the end-to-end process of reviewing the company's Solvency II valuations), assessing the adequacy of new business pricing, underwriting and reinsurance arrangements, and reviewing other management activities for their impact on solvency and financial strength. In doing this, you will provide support and challenge to the rest of the business, helping the company to continue to thrive and prosper under the Solvency II regulatory regime.

To be successful in this role, you will need experience of the following:

• writing reports and papers;
• taking ownership of tasks allocated;
• communicating complex problems and issues effectively and succinctly to a variety of peers and managers;
• financial reporting or actuarial modelling for a life assurance company. With-profits experience is desirable (but not essential);
• drawing conclusions from complex data sources;
• constructively challenging and influencing a range of peers and stakeholders; and
• taking complex and ambiguous problems and quickly generating practical solutions.

Key responsibilities will include:

• supporting the review of the quarterly Solvency II valuation of with-profits business, including managing timeline, deliverables, and documentation;
• reviewing papers for various committees to provide oversight and challenge in the areas relevant to the Chief Actuary's responsibilities;
• contributing to proposition and project work or other management activities as required;
• ensuring a strong control environment;
• recommending and implementing process improvements where appropriate.

We are willing to consider flexible working arrangements for all of our roles and will consider both part and fully qualified applicants.

By taking on the role of Actuary you'll play a vital part in our vision. We need everyone to step up to their full potential at this exciting time for our business. So if you're inspired by the opportunity, and if you have the necessary qualities, then we urge you to apply.

Work Level: Experienced Colleague
Recruiter: Matt Campbell

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a Disability Confident Leader , and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying.

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [e-mail]