At a Glance
- Tasks: Shape pricing strategies and support exciting new product launches in a collaborative team.
- Company: Join M&G Life, a high-growth firm with a rich heritage in savings and investments.
- Benefits: Enjoy 38 days annual leave, a generous pension scheme, and comprehensive health cover.
- Other info: Flexible working arrangements and a commitment to diversity and inclusion.
- Why this job: Kick-start your actuarial career with real impact and growth opportunities in a dynamic environment.
- Qualifications: Seeking student actuaries or recent graduates with strong analytical skills and a passion for pricing.
The predicted salary is between 30000 - 40000 £ 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.
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.
This is a fantastic opportunity to gain exposure across a broad range of products and pricing challenges in a collaborative, forward‑thinking environment. You’ll play a hands‑on role in shaping pricing strategies, supporting new product launches, and building the tools and insights that drive business decisions. You’ll initially join either our Savings or Annuities team, with opportunities to rotate and broaden your experience over time.
What You’ll Be Doing
- Produce new business pricing for Savings and Individual Annuity products
- Own and deliver regular Management Information (MI) to track performance and inform decisions
- Analyse experience and market data, contributing to pricing assumption reviews
- Build and enhance models, improving pricing capability and efficiency
- Support the implementation and testing of calculations within IT systems
- Contribute to the development and launch of new products
- Work closely with teams across Finance, Propositions, Investments, Risk, and external partners
What We’re Looking For
- A student actuary or recent graduate with a strong academic background and a passion for actuarial work
- A commercial mindset, with an interest in how pricing decisions drive customer value and business growth
- Strong analytical and problem‑solving skills, with the ability to interpret complex datasets
- Experience with data analysis, trends, and statistical techniques
- Clear and confident communication skills, able to explain technical concepts to non‑specialists
- A collaborative approach and eagerness to learn from cross‑functional teams
- Proactive and adaptable, comfortable working in a fast‑paced environment
Desirable (but not essential)
- Experience in pricing individual life products
- Familiarity with Excel and VBA
- Exposure to Python or other programming tools
Why Join M&G Life
- Be part of a high‑growth business with exciting product launches and strategic expansion
- Gain exposure across both Savings and Annuities, building a well‑rounded actuarial skillset
- Work in a team that values innovation, development, and continuous learning
- Enjoy real ownership and visibility, with opportunities to influence key decisions early in your career
- Develop within a supportive environment committed to actuarial study and progression
If you’re looking for a role where your technical skills meet commercial impact—and where you can grow alongside an ambitious, evolving business—apply now.
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.
- 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 which 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.
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.
Associate Pricing Actuary employer: M&G
M&G Life is an exceptional employer that fosters a collaborative and innovative work culture, providing employees with the opportunity to grow their actuarial careers in a high-growth environment. With a strong commitment to employee wellbeing, we offer generous benefits including a competitive pension scheme, extensive annual leave, and comprehensive family support policies, all while promoting diversity and inclusion within our Edinburgh office.
