Senior Manager - Capital Modelling

mgpru; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

M&G India is seeking an experienced actuary to join the With-profits Capital Valuation Team in Mumbai. You will develop complex capital models, analyse capital requirements, and communicate outcomes to senior stakeholders across Finance and Risk.

You will build deep knowledge of the with-profits balance sheet, collaborate with the AM&V Business Development and Investment Office for new propositions, and mentor junior staff while delivering high-quality results.

Qualifications

• Significant practical experience delivering actuarial models.
• Strong understanding of capital requirements and with-profits balance sheets.
• Ability to explain complex concepts to senior stakeholders.

Responsibilities

• Produce and explain changes in capital to key stakeholders with controls.
• Provide technical guidance on actuarial principles to support business objectives.
• Contribute to change projects within M&G UK Finance Reporting.
• Mentor junior team members and new resources.

Skills

Actuarial modelling

Capital valuation

Stakeholder communication

Mentoring

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.

At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of 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.

The Role:

The role sits in the With-profits Capital Valuation Team, which oversees the end-to-end production and analysis of the capital requirements for PAC's with-profits balance sheet. Responsible for the production of the capital models and the explanation of the capital requirements, working in this team will offer the opportunity to:

develop a deep understanding of the management of the company's with-profits balance sheet, including the significant book of with-profits business and its asset-liability management strategies;

develop and deliver of complex actuarial models to support valuations, covering the modelling (and calibration) of both assets and liabilities;

develop communications skills across a range of stakeholders across the business, ensuring that capital impacts are clearly explained and understood. In particular, working with colleagues in the Actuarial Consolidation team to ensure that the analysis of change in the capital requirements and risk margin are clearly explained and communicated to senior stakeholders;

work with colleagues in the AM&V Business Development and the Investment Office to ensure that new propositions are accurately reflected into the reported results; and

engage with colleagues involved in the oversight and review of the capital valuation processes in our Risk department and the Chief Actuary's Team.

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 Capital 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.
• Mentoring- Provide support and guidance to junior members of the team
• Mentor new resources

Diversity and Inclusion

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.