Director, Financial Performance Lead | London, UK

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 workplace accommodations to ensure you have what you need to effectively deliver in your role.

Corporate Risk Solutions (CRS) is a division within M&G Life with a remit to design and deliver bulk purchase annuities and alternative de-risking products for Defined Benefit pension schemes. Due to ongoing success, a strong opportunity set, and ambitious growth plans, the team is adding headcount in a number of areas.

The CRS Pricing team has a broad remit across four key areas:

• New business pricing for BPAs and alternative de-risking solutions;
• Developing and maintaining the pricing assumptions and methodology framework;
• Ownership of the pricing model & process infrastructure;
• Development and management of the financial performance framework and pricing strategy for new business.

We’re looking for an exceptional individual to own our financial performance framework as CRS accelerates its growth plans.

Key Responsibilities for this role:

• Overall responsibility for the development and management of the financial performance framework for BPA business and associated products.
• Set and manage pricing and reinsurance strategy in line with the financial performance framework, in partnership with New Business Pricing, Origination & Execution, and other senior stakeholders across M&G Life and Finance.
• Support CRS MD, M&G Life Commercial Finance and M&G Life exec with ad hoc queries, analysis and broader finance/strategy development as required.
• Partner with Commercial Finance and FP&A in annual business planning cycle and broader FP&A activity.
• Work with colleagues from across the business and outsourcing partners to build and integrate commercial, investment, longevity, reinsurance, balance sheet management and structuring development workstreams into the financial performance framework.

Key Knowledge, Skills & Experience:

• Commercially minded Actuary with exceptional technical skills.
• Deep understanding of IFRS17 and Solvency UK for life insurance, in particular balance sheet construction and optimisation, liability discounting, asset strategy & ALM.
• Experience of Pricing and/or financial management of BPAs.
• Understanding of non-standard capital and reinsurance structures valuable.
• Ambitious and self-motivated with ability to work on own initiative/prioritise workload to strict deadlines.
• Strong communication and presentation skills.

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.