Senior Manager - IFRS17 Actuary

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

Job summary

M&G Global Services in Mumbai seeks a professional to manage IFRS17 production, generate input files for IFRS17 engine, perform data checks, and reconcile actual versus expected cashflows. You will interpret results and provide commentary on movements across products, including annuities and other shareholder offerings.

Engage with stakeholders to understand reporting requirements and present technical findings clearly to senior management.

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.

Responsibilities

1. IFRS 17 Production:
   • Generating the input files for the IFRS17 engine along with the data checks and reconciliation of actual and expected cashflows.
   • IFRS17 Reference Data Management and the production of the IFRS17 engine for RA and CSM result generation.
2. Result Analysis and Commentary:
   • Interpret and make sense of the results produced from the IFRS 17 engine, analyse movements in individual line items for different products, including annuities, with-profit and other shareholder products.
   • Provide commentary on changes from previous reporting periods, highlighting significant trends and anomalies.
3. Presentation and Communication:
   • Present technical concepts and findings to senior management clearly and concisely.
   • Ensure all communications are tailored to the audience, facilitating understanding and informed decision-making.
4. Stakeholder Interaction:
   • Engage with key stakeholders to understand reporting requirements and deliver results accordingly.
   • Build and maintain strong relationships with stakeholders to ensure effective communication.

Workforce 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.

M&G is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2024, we had £345.9 billion of assets under management and administration.

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.