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For Companies At a Glance
- 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: M&G promotes diversity and inclusion, welcoming applications from all backgrounds.
The predicted salary is between 43200 - 72000 £ 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
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:
M&G plc is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 instit…
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Methodology & Assumptions Actuary | Edinburgh, UK employer: M&G plc.
Contact Detail:
M&G plc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Methodology & Assumptions Actuary | Edinburgh, UK
✨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 actuaries or professionals in similar roles at M&G. Engaging in conversations about their experiences can provide you with valuable insights into the company culture and expectations, which can be beneficial during interviews.
✨Tip Number 3
Prepare to discuss specific examples of how you've challenged existing methodologies or contributed to product development in your previous roles. This will showcase your problem-solving skills and ability to drive continuous improvement, which are key for this position.
✨Tip Number 4
Highlight any experience you have with capital modelling or assumption setting in your conversations. Even if it's not a primary requirement, demonstrating this knowledge can set you apart from other candidates and show your versatility.
We think you need these skills to ace Methodology & Assumptions Actuary | Edinburgh, UK
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Methodology & Assumptions Actuary position. Familiarise yourself with M&G's values and how they align with your own.
Tailor Your CV: Highlight your relevant experience and skills that match the job description. Emphasise your knowledge of Solvency II, IFRS reporting, and any experience with annuity products or capital modelling.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Discuss how your background in actuarial science and problem-solving abilities can contribute to M&G's goals.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial in the actuarial field.
How to prepare for a job interview at M&G plc.
✨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 enthusiasm for the role.
✨Showcase Your 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, so be ready to discuss how you've done this in your previous roles.
✨Collaborative Mindset
Since the role involves working across departments, highlight your teamwork skills. Be prepared to discuss how you've successfully collaborated with others in the past, and how you can contribute to a collaborative environment at M&G.
✨Ask Insightful Questions
Prepare thoughtful questions about M&G's approach to product valuation and their methodologies. This shows your genuine interest in the company and the role, and it gives you a chance to assess if the company culture aligns with your values.
