Finance Business Development Actuarial Manager / Subject Matter Expert

M&G; Reading; On-site; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Pension up to 18%

Share Save/Share Incentive Plan

38 days annual leave + extra days

Parental leave policy

Private Healthcare & Life Assurance

Job summary

M&G in the United Kingdom is seeking an experienced Finance Actuarial professional to join on a 12-month fixed-term basis, providing leadership and technical delivery across propositions, BPA growth and valuation models while collaborating with Finance, Commercial, Risk and Technology.

This role targets a qualified actuary with extensive insurance experience and a proven ability to influence senior stakeholders, develop governance papers, and implement robust controls within complex programmes.

Qualifications

• Qualified actuary with significant experience in insurance environments.
• Experience leading complex pieces of work involving multiple stakeholders and teams.
• Ability to influence and manage a range of stakeholders.
• Experience producing high-quality analysis and governance papers.
• Strong understanding of risk and control frameworks.
• Excellent communication skills with the ability to explain complex concepts to technical and non-technical audiences.

Responsibilities

• Lead actuarial engagement on strategic initiatives, business change and proposition development projects.
• Act as a trusted adviser to stakeholders across Finance, Commercial, Risk and Technology.
• Identify Finance impacts, dependencies, risks and required actions.
• Coordinate subject matter experts across multiple teams to ensure delivery objectives are achieved.
• Support business case development, impact assessments, governance papers and decision-making materials.
• Ensure appropriate controls are developed and embedded within project and proposition design and build.
• Translate complex technical concepts into clear, actionable recommendations for senior stakeholders.
• Identify opportunities to improve processes, controls and ways of working.

Skills

Qualified actuary

Insurance experience

Stakeholder management

Governance papers

Communication skills

Education

Actuarial qualification

Job description

At M&G, our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through 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 offer workplace adjustments to ensure you have the support you need to succeed in your role.

About The Role

Finance Business Development sits at the centre of proposition development, business change and strategic delivery across M&G. We work collaboratively with stakeholders across Finance, Commercial, Risk and Technology to ensure new products, transactions and strategic initiatives are delivered effectively while maintaining robust controls. .

We are seeking experienced Finance Actuarial professionals to join the team on a 12-month fixed-term basis to support us through a period of intense growth. Successful candidates will provide leadership, expertise and delivery support across a portfolio of strategic initiatives, supporting some or all of: proposition development, BPA growth, development of methodologies and assumptions, development of valuation models and controls.

This role is suitable for either an experienced manager or technical specialist who can operate independently, influence senior stakeholders and provide expert guidance in their area of specialism. The particular areas of speciality we are most interested in are defined benefit pensions, Solvency UK capital, reinsurance, with-profits, and model development.

Key Responsibilities

• Lead actuarial engagement on strategic initiatives, business change activities and proposition development projects
• Act as a trusted adviser to stakeholders across Finance, Commercial, Risk and Technology
• Identify Finance impacts, dependencies, risks and required actions associated with proposition developments, transactions and regulatory change
• Co-ordinate subject matter experts across multiple teams to ensure delivery objectives are achieved
• Support business case development, impact assessments, governance papers and decision-making materials
• Ensure appropriate controls are developed and embedded within project and proposition design and build
• Translate complex technical concepts into clear, actionable recommendations for senior stakeholders
• Identify opportunities to improve processes, controls and ways of working

Essential Experience

• Qualified actuary with significant experience in insurance environments, including innovative activities where there is no pre-existing process or structure
• Experience leading complex pieces of work involving multiple stakeholders and teams
• Ability to influence and manage a range of stakeholders
• Experience producing high-quality analysis and governance papers
• Strong understanding of risk and control frameworks
• Excellent communication skills, with the ability to explain complex concepts to both technical and non-technical audiences
• Ability to assess a range of possible solutions and exercise sound professional judgement when recommending a course of action

Desirable Experience

• Subject matter expertise in BPA products, with-profits business, Solvency UK capital or reinsurance
• Experience of new proposition development, business readiness or change delivery

12 Month Fixed Term Contract

Role Level: Manager / Expert

Close Date: 17th August 2026

Location: Kildean, Edinburgh, London

What we offer

We're dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future. Our UK benefits include:

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services to help give you real confidence to put your money to work.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.

M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.

We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: [e-mail]