Strategic Pricing Director – Pension Risk Transfer

M&G; Greater London; On-site; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Pension scheme

Share Save/Share Incentive Plan

38 days leave including bank holidays

Parental leave (Inspiring Families)

Job summary

M&G is seeking a Pricing Director for Pension Risk Transfer in the UK, based in London or Edinburgh. The role leads end-to-end pricing for bulk purchase annuities and related de-risking products, collaborating with investment, reinsurance, and finance teams to deliver strong client outcomes.

The position requires senior actuarial expertise, experience in life insurance balance sheet management, and a proactive, self-motivated approach to meet tight deadlines across complex projects.

Qualifications

• Commercial actuary with strong technical skills
• Experience of bulk annuity pricing, funded reinsurance, longevity reinsurance, or life insurance balance sheet management
• Understanding of UK DB pensions valuable
• Solvency II/UK for life insurance, in particular balance sheet construction, liability discounting, asset strategy & ALM valuable
• Experience of developing/structuring and pricing institutional insurance products valuable
• Understanding of non-standard capital and reinsurance structures valuable
• Ambitious and self-motivated with ability to work on own initiative/prioritise workload to strict deadlines

Responsibilities

• Leading end-to-end pricing for BPAs and other de risking solutions
• Working with colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, reinsurance, balance sheet management and structuring workstreams into pricing projects
• Supporting senior stakeholders across M&G Life with technical analysis, strategy, business planning and ad hoc queries
• Supporting distribution and transaction management colleagues with the production of high quality client deliverables and wider relationship management activities
• Leading the development of new and enhanced modelling capability, including tech solutions across the CPS pricing infrastructure
• Manage commercial outsourcing arrangements
• Leading the ongoing pricing development of novel bulk annuity transaction structures, reinsurance solutions, and new product lines
• Leading Pricing projects run in partnership with the Treasury and Investment Office, Finance Strategy & Finance Reporting teams
• Study mentoring and wider development support to junior team members
• Opportunity but not requirement for line management

Skills

Actuary

Technical skills

Bulk annuity pricing

Reinsurance

Life balance sheet management

UK DB pensions

Solvency II

ALM

Institutional insurance pricing

Non-standard capital

Self-motivation

Job description

M&G is seeking a Pricing Director for Pension Risk Transfer in the UK, based in London or Edinburgh. The role leads end-to-end pricing for bulk purchase annuities and related de-risking products, collaborating with investment, reinsurance, and finance teams to deliver strong client outcomes.

The position requires senior actuarial expertise, experience in life insurance balance sheet management, and a proactive, self-motivated approach to meet tight deadlines across complex projects.