Director, Origination & Execution

The Pension Risk Transfer (PRT) team was formed in 2021 to maximize M&G’s competitive advantage as both asset owner (insurer) and asset manager. The remit of the team is to design our bulk purchase annuities and alternative de-risking products for UK Defined Benefit pension schemes. Due to ongoing success and a strong opportunity set, the team is adding headcount in a number of areas. This role is focused on supporting the origination and execution of buy-ins, buy-outs and other unique transaction structures. PRT has ambitious new business targets and is looking for exceptional people who will help deliver results.

Key Responsibilities for this role:

• Undertaking the marketing, origination and execution of new bulk annuity and other de-risking opportunities, structuring of transactions and managing negotiations with trustees / companies and their advisers.
• End-to-end production of high quality deliverables for clients and senior internal stakeholders, including checking, review and delegation of work to junior team members.
• Internal and external stakeholder and project management, coordinating colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, pricing, legal and structuring workstreams into strong client propositions.
• Developing a strong understanding of our novel bulk annuity transaction structures, reinsurance solutions, and new product lines.
• Developing deep relationships with EBCs, trustees and other key stakeholders which are more than just transactional.
• Recognising potential issues in transactions before they emerge as problems and working collaboratively to deliver practical solutions, acceptable to all stakeholders.
• Nurturing and energising talent within the team and across the M&G business.

Key Knowledge, Skills & Experience:

• Commercially minded with strong technical skills, attention to detail and the ability to effectively drive projects forward.
• Some knowledge and experience of pension risk transfer transactions is essential, role level can be flexed to reflect experience.
• Excellent project and internal and external stakeholder management skills.
• Strong communication skills, with ability to understand & capture client needs.
• Ambitious and self-motivated with ability to work both on own initiative and within a team.
• Able to prioritise workload to cater for multiple strict deadlines.
• Demonstrable leadership and management skills for more senior role.
• Knowledge of alternative de-risking, capital and reinsurance structures beneficial.
• Familiarity with deal execution activities, with role level flexed to reflect experience.

Qualifications:

• Qualified Actuary or CFA preferable, but not essential.

Location: London

Work Level: Manager / Expert

Recruiter: Amy Curtis

Closing Date: 10 June 2026

Benefits:

• Company pension scheme with 18% contribution (13% Employer, 5% Employee), Share Save and Share Incentive Plan, plus access to financial wellbeing and support services.
• 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility via Time Off When You Need It policy.
• Inspiring Families policy with comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options.

EEO Statement: We have a diverse workforce and an inclusive culture underpinned by our policies and employee-led networks that 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 are also a Disability Confident Leader and welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. 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.