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- Tasks: Join a team solving complex problems and developing new valuation methodologies.
- Company: M&G is a leading international savings and investments business with over 170 years of experience.
- Benefits: Enjoy flexible working arrangements and workplace accommodations to support your success.
- Why this job: Be part of a collaborative culture that values innovation and continuous improvement.
- Qualifications: Nearly or newly qualified actuary with strong knowledge of Solvency II and IFRS reporting.
- Other info: We celebrate diversity and welcome applications from all backgrounds, including those with disabilities.
The predicted salary is between 36000 - 60000 £ per year.
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.
We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
Methodology & Assumptions Actuary
About the Role
Are you someone who thrives on solving complex problems and bringing clarity to ambiguity? Do you enjoy applying specialist technical knowledge in new and evolving situations? If so, this is your opportunity to join a collaborative team that plays a critical role in shaping how M&G values its products and manages change.
As a Methodology & Assumptions Actuary, you\’ll be part of a team that transforms ideas into valuation-ready solutions. You\’ll work across departments to deliver new products and strategies, while challenging existing methodologies to drive continuous improvement.
Key Responsibilities
- Lead the development of new valuation methodologies, taking products from concept to balance sheet.
- Manage the integration of new products into regular valuation cycles, ensuring robust implementation.
- Collaborate with teams across the business to deliver innovative customer solutions and strategic initiatives.
- Challenge and enhance existing methodologies and assumptions.
- Provide expert support to the wider business on complex technical queries.
Key Knowledge, Skills & Experience
- Nearly or newly qualified actuary
- Strong knowledge of Solvency II and IFRS reporting
- Specialist understanding of asset-liability management within regulatory frameworks.
- Experience of annuity products and broader familiarity with other life and pension products
Desirable Experience
- Experience of capital modelling or reporting
- Assumption setting (economic or non-economic)
Recruiter: Matt Campbell
Close Date: 25th July 2025
We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. 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 also proud to be a Disability Confident Leader , and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they \’opt in\’ to the scheme when applying.
If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com #J-18808-Ljbffr
Methodology & Assumptions Actuary (12 month fixed term) employer: Virginia Tech
Contact Detail:
Virginia Tech Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Methodology & Assumptions Actuary (12 month fixed term)
✨Tip Number 1
Familiarise yourself with the latest developments in Solvency II and IFRS reporting. Being well-versed in these areas will not only boost your confidence during discussions but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with current or former employees at M&G, especially those in actuarial roles. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach when you get the chance to speak with them.
✨Tip Number 3
Prepare to discuss specific examples of how you've tackled complex problems in your previous roles. M&G values clarity in ambiguity, so showcasing your problem-solving skills will be crucial during any interviews.
✨Tip Number 4
Stay informed about the latest trends in asset-liability management and annuity products. This knowledge will not only enhance your expertise but also show your potential employer that you're proactive and genuinely interested in the role.
We think you need these skills to ace Methodology & Assumptions Actuary (12 month fixed term)
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the key responsibilities and required skills for the Methodology & Assumptions Actuary position. Tailor your application to highlight how your experience aligns with these requirements.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience with Solvency II, IFRS reporting, and asset-liability management. Provide specific examples of how you've applied your actuarial knowledge in previous roles.
Showcase Problem-Solving Skills: Since the role involves solving complex problems, include examples in your application that demonstrate your analytical thinking and ability to bring clarity to ambiguity. This could be through projects or challenges you've successfully navigated.
Personalise Your Application: Address your cover letter to the recruiter, Matt Campbell, and express your enthusiasm for the role and the company. Mention why you are drawn to M&G's values and how you can contribute to their mission of delivering attractive financial outcomes.
How to prepare for a job interview at Virginia Tech
✨Understand the Role
Make sure you have a solid grasp of what a Methodology & Assumptions Actuary does. Familiarise yourself with valuation methodologies, Solvency II, and IFRS reporting. This will help you answer questions confidently and demonstrate your knowledge.
✨Showcase Problem-Solving Skills
Prepare examples from your past experiences where you've tackled complex problems or brought clarity to ambiguous situations. M&G values candidates who can think critically and provide innovative solutions.
✨Collaborative Mindset
Highlight your ability to work across departments. M&G emphasises collaboration, so be ready to discuss how you've successfully worked in teams to deliver projects or initiatives in the past.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's approach to product valuation and methodology enhancement. This shows your genuine interest in the role and helps you assess if M&G is the right fit for you.
