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- Tasks: Join our Pricing team to work on innovative pension solutions and pricing projects.
- Company: M&G plc, a leading savings and investments firm with a rich heritage.
- Benefits: Enjoy 38 days annual leave, flexible working, and a generous pension scheme.
- Why this job: Make a real impact in the financial sector while developing your skills.
- Qualifications: Seeking commercially minded Student Actuaries with strong technical skills.
- Other info: Inclusive culture with support for diverse communities and career growth opportunities.
The predicted salary is between 28800 - 48000 £ per year.
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.
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 Pension Solutions (CPS) 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 and a strong opportunity set, the team is adding headcount in a number of areas. The remit of the Pricing team is broad and the successful candidate will have exposure to an extremely wide variety of projects. CPS has ambitious new business targets and is looking for exceptional people who will help deliver results.
Key Responsibilities for this role:- Produce end-to-end pricing for BPAs and other de-risking solutions
- Work with colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, reinsurance, balance sheet management and structuring workstreams into pricing projects
- Support team management and senior stakeholders across the business with technical analysis, strategy, business planning and ad hoc queries
- Support distribution and transaction management colleagues with the production of high-quality client deliverables and wider relationship management activities
- Develop new and enhanced modelling capability, including tech solutions across the CPS pricing infrastructure
- Support pricing development of novel bulk annuity transaction structures, reinsurance solutions, and new product lines
- Work on Pricing projects run in partnership with the Treasury and Investment Office, Finance Strategy & Finance Reporting teams
- Commercially minded Student Actuary with exceptional technical skills
- Experience of bulk annuity pricing, funded reinsurance, longevity reinsurance, life insurance balance sheet management or modelling UK DB Pensions required
- Understanding of Solvency II/UK for life insurance, in particular balance sheet construction, liability discounting, asset strategy & ALM valuable
- Ambitious and self-motivated with ability to work on own initiative/prioritise workload to strict deadlines
- Strong communication and presentation skills
At M&G, we're committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:
- A valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
- Share Save and our Share Incentive Plan, together with 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 through our Time Off When You Need It policy.
- 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.
We have a diverse workforce and an inclusive culture at M&G, 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. 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
Pricing Associate - M&G plc. in Edinburgh employer: M&G plc
Contact Detail:
M&G plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Associate - M&G plc. in Edinburgh
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at M&G. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising common questions related to pricing and pensions. We recommend using real-life examples from your experience to showcase your skills and knowledge.
✨Tip Number 3
Show your passion for the role! When you get the chance to speak with someone from M&G, let them know why you're excited about the Pricing Associate position and how you can contribute to their goals.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining the team.
We think you need these skills to ace Pricing Associate - M&G plc. in Edinburgh
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Pricing Associate role. Highlight your relevant experience in bulk annuity pricing and any technical skills that align with what M&G is looking for. We want to see how you can bring value to our team!
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your commercial mindset and technical abilities. This will help us understand how you can contribute to our ambitious targets.
Be Clear and Concise: When writing your application, keep it clear and to the point. Avoid jargon unless it's relevant to the role. We appreciate straightforward communication, so make sure your key points stand out!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll find all the details you need about the position there!
How to prepare for a job interview at M&G plc
✨Know Your Numbers
As a Pricing Associate, you'll be dealing with complex financial data. Brush up on your understanding of bulk annuity pricing and longevity reinsurance. Be prepared to discuss how you would approach pricing projects and any relevant experience you have in this area.
✨Showcase Your Technical Skills
Highlight your technical skills during the interview. Be ready to explain your experience with modelling and how you've developed new capabilities in previous roles. Use specific examples to demonstrate your problem-solving abilities and how they can benefit the team.
✨Communicate Clearly
Strong communication is key in this role. Practice articulating complex concepts in a straightforward manner. Think about how you would present technical analysis to non-technical stakeholders and be ready to showcase your presentation skills.
✨Align with Company Values
M&G values integrity and collaboration. Familiarise yourself with their mission and values, and think about how your personal values align with theirs. Be prepared to discuss how you can contribute to creating an exceptional workplace culture.
