Part / Newly Qualified Actuary

mgpru; Stirling; Hybrid; GBP 60,000 - 95,000; Full time

Benefits offered by this job

Pension up to 18%

Share Save / Share Incentive Plan

38 days annual leave including bank-h

Enhanced parental leave

Job summary

M&G offers an exciting role in its Liabilities Valuation team, within the Actuarial Model and Valuations group. The role requires a qualified or near-qualified actuary with UK GAAP, IFRS 17 and Solvency II experience, focusing on annuities and related products.

You will work across Finance and Risk to support financial reporting deadlines, document methodologies and present results to stakeholders with clarity and rigour.

Qualifications

• Qualified or nearly qualified actuary with practical UK GAAP, IFRS 17 and Solvency II experience (annuities).
• Strong communication and stakeholder management skills essential.
• Experience in documenting, explaining and presenting results to stakeholders.

Responsibilities

• Provide high-quality actuarial outputs for Liabilities Valuation.
• Explain results to key stakeholders with clear controls and documentation.
• Support delivery of regulatory reporting deadlines and collaborations across Finance and Risk.

Skills

Actuarial expertise

Problem solving

Commercial acumen

Collaboration

Communication

Ownership

Education

Actuary qualification (near-qualified)

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.

The Role:

There is an exciting opportunity to support work on M&G's Liabilities Valuation team. This role sits within the Actuarial Liability Valuation team within the wider M&G Actuarial Model and Valuations team. The Actuarial Liability Valuation Team focuses on the valuation of M&G Life and Pensions business which includes annuities, with-profits and unit-linked products. This role requires a qualified/nearly qualified actuary who has practical experience of UKGAAP, IFRS 17 and Solvency II financial reporting mainly for annuities business and will include the opportunity to :

• Develop an understanding of the M&G's non-profit annuity business, key features of products and liabilities, sensitivities to key risk drivers.
• Develop an understanding of the yield calculation under different metrics.
• Develop an expertise in documenting, explaining and presenting results to key stakeholders.
• Work with colleagues across other areas within Finance and Risk to support delivery of financial reporting in line with regulatory deadlines.

Key Responsibilities:

• Accountable for providing a quality service or products to customers and stakeholders, using skills/experience built through significant practical experience.
• Works within established frameworks and procedures, with the freedom to interpret them to solve a range of problems.
• Delivers outputs that are clearly defined, using discretion over how to achieve them.
• Makes suggestions for improvements to the work of the team, based on previous experience and knowledge of similar situations.
• To produce and be accountable for understanding and explaining the change in matching adjustment assumption and liabilities to key stakeholders with clear controls.
• To support the Manager of annuities liability valuation team on delivery of all key deliverables, supporting ongoing development and/or embedding of strategic solutions related to new propositions.
• To provide technical expertise to design technical solutions as part of change projects within M&G UK Finance Reporting where required.

You will have:

• Excellent technical actuarial knowledge, with attention to detail.
• Motivated and willing to take responsibility and ownership of the work assigned.
• Demonstrable experience of problem solving and providing practical solutions to complex problems.
• Commercial aptitude and the ability to consider the impact of decisions.
• Strong commercial and collaboration skills.
• Ability to express own viewpoint and to communicate clearly on complex actuarial issues.

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.