Senior Manager - Actuarial

M&GPrudential; Mumbai; On-site; INR 1,400,000 - 2,200,000; Full time

Job summary

M&G India in Mumbai seeks a Senior Lead - Actuarial to strengthen the Methodology and Assumption team. You will drive actuarial analyses, support model validation, and guide junior colleagues through complex projects in a dynamic environment.

Ideal candidates bring senior actuarial experience, strong stakeholder communication, and proven ability to plan resources to meet aggressive timelines while ensuring compliance with regulatory standards.

Qualifications

• Experience performing actuarial assumption analysis and results interpretation.
• Ability to support junior team members and provide guidance on project work.
• Strong communication skills for cross‑functional stakeholders and auditors.
• Proven planning and prioritisation abilities to meet tight delivery timelines.
• Familiarity with model validation processes and regulatory requirements.

Responsibilities

• Support Methodology and Assumption team to perform analysis on actuarial assumptions.
• Comprehensive analysis of results under various sensitivities.
• Perform experience analysis based on recent data.
• Provide support and guidance to junior team members on project work.
• Plan and manage resources to ensure timely delivery.
• Communicate effectively with stakeholders and ensure regulatory compliance.
• Supervise junior team members and contribute to performance management.

Skills

Actuarial analysis

Stakeholder communication

Team leadership

Resource planning

Model validation support

Regulatory/compliance awareness

Job description

## Senior Lead - ActuarialApply: Mumbai: Full time: Posted Today: End Date: September 30, 2026 (13 days left to apply): R20335**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. * **Key Responsibilities*** Support Methodology and Assumption team to perform analysis on actuarial assumptions.* Comprehensive analysis of results under various sensitivities* Perform experience analysis based on recent data* To support the analysis and investigation on technical queries, both internal and from model validation team and external auditors* Provide support and guidance to more junior members of the team in a range of project work as and when requiredAdditional responsibilities* Seek and act on opportunities to develop wider and deeper technical and business understanding.* Planning and resource management to ensure timely delivery. Effective communication with different stakeholders required.* Compliance – Ensure understanding and adherence to M&G Global Services’ Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.* Responsibility for the supervision of other junior team members or delivery of specific pieces of work.* Performance Management – follow and contribute to the recognised Performance Management process.* Maintain and develop knowledge of technical requirements of job together with the framework in which M&G Global services operates.* Ability to develop clear, workable plans for self; monitor progress of the other junior members of the team;* Positive attitude to analyse a complex problem in a project to ensure the delivery of a sound solution to the project stakeholder* Ability to effectively influence colleagues* Ability to plan and prioritise own workload* Ability to deliver on multiple tasks to demanding timescales* Communicate effectively with others, develop positive networks and working relationships 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.