Actuarial - Colleague - Manager - Liability Valuation Team

M&G India; Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

M&G India is seeking an actuarial professional to join the Mumbai team, providing specialist actuarial guidance and explaining liability changes to stakeholders, while supporting change projects within the finance reporting framework.

The role requires 3-5 years of actuarial experience, a finance/management degree, and progress with actuarial exams, with a strong emphasis on communication and problem-solving. The organization values diversity and inclusion in its workforce.

Qualifications

• 3-5 years of relevant actuarial experience.
• Graduate in Finance or management.
• Studying for and progress with actuarial exams per Mumbai policy.
• Strong communication and problem-solving skills.

Responsibilities

• Explain the change in liabilities to key stakeholders with clear controls.
• Provide specialist actuarial guidance on principles and tools to support business objectives, coaching junior team members.
• Provide technical expertise to design solutions as part of change projects within M&G UK Finance Reporting where required.

Skills

Actuarial knowledge

Communication

Problem solving

Commercial aptitude

Collaboration

Clear articulation of actuarial issues

Education

Graduate in Finance or management

Actuarial exams progression

Job description

Job Description:

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.

Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.

Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About 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.

Accountabilities/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.

Key Responsibilities

• To produce and be accountable for understanding and explaining the change in liabilities to key stakeholders with clear controls.
• To provide specialist technical advice and guidance on the application of actuarial principles and tools to support business objectives, coaching and guiding less experienced members of the team
• To provide technical expertise to design technical solutions as part of change projects within M&G UK Finance Reporting where required.

Key Stakeholder Management

Internal

• Actuarial Valuation consolidation team
• Chief Actuary Team

External

• External Auditors

Knowledge, Skills, Experience & Educational Qualification

Knowledge & Skills

• Confidence & excellent communication.
• 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

Experience

• 3-5 years of relevant Actuarial experience

Educational Qualification

• Graduate in any discipline, preferably in Finance or management
• Studying for and making satisfactory progress with the Institute / Faculty exams as defined in the Mumbai Actuarial Study Support Policy

We have a diverse workforce and an inclusive culture at M&G Global Services, 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.

Requirements: