Reporting Actuary

mgpru; Stirling; On-site; GBP 70,000 - 110,000; Full time

Benefits offered by this job

Pension 18%

Share Save

Share Incentive Plan

Annual leave 38 days

Inspiring Families

Private health & life cover

Job summary

M&G in the UK is seeking an actuary to support IFRS 17 and UK GAAP financial reporting for new insurance products, with-profits features and DB pensions in scope. You will contribute financial insight, model contractual service margin, risk adjustment and collaborate with proposition, legal and deal origination teams to translate design into accounting and commercial implications.

Qualified actuary with life-insurance experience is required; the role offers an inclusive culture and flexible

Qualifications

• Qualified actuary with life insurance reporting expertise.
• Strong IFRS 17 knowledge and experience with UK GAAP reporting.
• Experience in financial statements and P&L disclosure for life insurance.

Responsibilities

• Input to IFRS 17/UK GAAP impact assessments for new product launches.
• Provide guidance on IFRS 17 modelling, CSM, risk adjustment, and coverage units.
• Support design and review of with-profits features to understand accounting impacts.
• Collaborate with proposition, legal, actuarial business development and deal teams to deliver financial insights.

Skills

IFRS 17

With-profits

P&L reporting

Regulatory reporting

Stakeholder collaboration

Education

Actuarial qualification (FIA/ASR)

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.

Role Context

We are seeking an actuary to support the financial analysis of new insurance product launches, with a strong emphasis on regulatory and statutory reporting. The ideal candidate will bring technical expertise and a collaborative mindset to help shape product strategy through robust financial insight.

Whilst willing to accept candidates with a wide variety of applicable experience, we have a particular interest in candidates who have worked in with-profits, bulk annuities / DB pensions, or IFRS 17.

Key Accountabilities

• Input to impact assessments of new product launches under IFRS 17 and UK GAAP, ensuring alignment with internal and external reporting requirements.
• Provide expert guidance on IFRS 17 implementation, including contractual service margin (CSM) modelling, risk adjustment, and coverage units.
• Support design, structuring and review of new with-profits product features to enable understanding of accounting and commercial impacts.
• Collaborate with proposition, legal, actuarial business development and deal origination and execution teams to deliver clear, actionable insights on financial implications of product design.

Required Knowledge and Experience

• Qualified actuary with technical actuarial and reporting expertise in the life insurance industry.
• An understanding of the requirements of IFRS 17 and experience of working with businesses in interpreting and implementing these requirements.
• Experience of financial reporting and operation of with-profit funds.
• Knowledge of financial services, regulatory and legislative frameworks, including IFRS and SII principles and associated external reporting and disclosure requirements.
• An understanding of financial statements and the key data included in the P&L and balance sheet.
• Knowledge of M&G products, systems and distribution methods.
• Working knowledge of how governance, risk and compliance processes impact on M&G.
• An understanding of the commercial implications of decisions.

What we offer:

• 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 contac