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- Tasks: Join the Chief Actuary Team to support financial wellbeing and solvency assessments.
- Company: M&G plc is a leading international savings and investments business with over 170 years of experience.
- Benefits: Enjoy flexible working arrangements and a supportive workplace culture.
- Why this job: Be part of a dynamic team making impactful financial decisions in a reputable company.
- Qualifications: Experience in financial reporting, actuarial modelling, and effective communication is essential.
- Other info: We welcome diverse applicants and offer accommodations for those with disabilities.
The predicted salary is between 36000 - 60000 £ per year.
M&G plc Stirling, Scotland, United Kingdom
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M&G plc Stirling, Scotland, United Kingdom
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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.
The Chief Actuary is a statutory role that focuses on ensuring the financial wellbeing of the M&G Plc insurance business, and forms part of our Finance Function. The Chief Actuary is responsible for the Actuarial Function, as defined under Solvency II.
An opportunity has arisen for an Actuary to join the Chief Actuary Team on a 9 to 12 month secondment. You will assist the Chief Actuary in carrying out his statutory duties and the duties of the Actuarial Function.
This will include (with the rest of the Chief Actuary’s team) monitoring the company’s solvency and financial strength (including supporting the end-to-end process of reviewing the company’s Solvency II valuations), assessing the adequacy of new business pricing, underwriting and reinsurance arrangements, and reviewing other management activities for their impact on solvency and financial strength. In doing this, you will provide support and challenge to the rest of the business, helping the company to continue to thrive and prosper under the Solvency II regulatory regime.
To be successful in this role, you will need experience of the following:
- writing reports and papers;
- taking ownership of tasks allocated;
- communicating complex problems and issues effectively and succinctly to a variety of peers and managers;
- financial reporting or actuarial modelling for a life assurance company. With-profits experience is desirable (but not essential);
- drawing conclusions from complex data sources;
- constructively challenging and influencing a range of peers and stakeholders; and
- taking complex and ambiguous problems and quickly generating practical solutions.
Key responsibilities will include:
- supporting the review of the quarterly Solvency II valuation of with-profits business, including managing timeline, deliverables, and documentation;
- reviewing papers for various committees to provide oversight and challenge in the areas relevant to the Chief Actuary’s responsibilities;
- contributing to proposition and project work or other management activities as required;
- ensuring a strong control environment;
- recommending and implementing process improvements where appropriate.
We are willing to consider flexible working arrangements for all of our roles and will consider both part and fully qualified applicants.
By taking on the role of Actuary you’ll play a vital part in our vision. We need everyone to step up to their full potential at this exciting time for our business. So if you’re inspired by the opportunity, and if you have the necessary qualities, then we urge you to apply.
Work Level: Experienced Colleague
Recruiter: Matt Campbell
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
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
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Job function
Finance and Sales
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Industries
Financial Services and Investment Management
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Actuary (secondment) employer: M&G plc
Contact Detail:
M&G plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary (secondment)
✨Tip Number 1
Familiarise yourself with Solvency II regulations, as this role heavily involves monitoring solvency and financial strength. Understanding these regulations will not only help you in the interview but also demonstrate your commitment to the role.
✨Tip Number 2
Network with current or former actuaries at M&G plc or similar companies. Engaging in conversations about their experiences can provide valuable insights into the company culture and expectations for the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've communicated complex problems effectively in past roles. This is crucial for the Actuary position, as you'll need to convey intricate information to various stakeholders.
✨Tip Number 4
Stay updated on industry trends and challenges in the actuarial field, particularly those affecting life assurance companies. Being knowledgeable about current issues will show your enthusiasm and readiness to contribute meaningfully to the team.
We think you need these skills to ace Actuary (secondment)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Actuary position. Familiarise yourself with Solvency II regulations and the specific tasks mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in financial reporting, actuarial modelling, and report writing. Emphasise any experience you have with with-profits business or similar roles to align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and how your skills and experiences make you a suitable candidate. Use specific examples to demonstrate your ability to communicate complex issues and provide practical solutions.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an Actuary role.
How to prepare for a job interview at M&G plc
✨Understand the Role and Responsibilities
Make sure you thoroughly understand the key responsibilities of the Actuary role at M&G plc. Familiarise yourself with Solvency II regulations and how they impact the financial wellbeing of the insurance business. This knowledge will help you demonstrate your suitability for the position.
✨Prepare for Technical Questions
Expect to be asked technical questions related to actuarial modelling, financial reporting, and data analysis. Brush up on your skills in these areas and be ready to discuss your previous experiences where you've successfully tackled complex problems.
✨Showcase Your Communication Skills
As an Actuary, you'll need to communicate complex issues effectively. Prepare examples of how you've conveyed intricate information to peers or management in the past. This will highlight your ability to simplify complex topics for diverse audiences.
✨Demonstrate a Collaborative Mindset
M&G values teamwork and collaboration. Be prepared to discuss instances where you've worked with others to achieve a common goal, especially in challenging situations. Highlight your ability to constructively challenge ideas and influence stakeholders positively.