At a Glance
- Tasks: Manage post-sale pricing and support the CPS operations team in delivering innovative solutions.
- Company: Join a leading savings and investments firm with over 175 years of heritage.
- 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: Make a real impact in financial services while developing your actuarial skills.
- Qualifications: Strong analytical skills; qualified actuary preferred but part-qualified candidates are welcome.
The predicted salary is between 50000 - 65000 £ 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, the team is adding headcount in a number of areas. The CPS Actuarial Specialist is responsible for the post‑sale pricing process, the MAG approval process, supporting the member option process and providing broader support for the CPS operations team.
Key Responsibilities for this role:
- Management of the post‑sale pricing process, including compliance with all contractual terms, management of the CPS post‑sale pricing, completion of all key controls, validation of the output from the pricing team and production of sign‑off documents for the CPS MD.
- Key point of contact for the development of methodology for all CPS member option calculations.
- Own the Matching Adjustment deal approval process including production of paper to the Matching Adjustment Group (MAG).
- Broader support within the CRS Operations team to deliver and maintain BPA business.
- Development of scalable solutions including the development of robust processes and controls.
- Liaise with internal and external stakeholders on challenges to assumptions and calculations.
- Drive continuous improvement through innovation and the seeking out and acting on new opportunities.
- Provide management information to appropriate governance forums.
- Support the delivery of other elements of the CPS business plan.
Key Knowledge, Skills & Experience:
- Strong analytical actuarial skills.
- Qualified actuary preferred, however we welcome part qualified candidates to apply.
- Problem solving skills.
- Financial Services & Insurance knowledge, especially around defined benefit pension de‑risking, with profits and reinsurance.
- Experience of managing a number of internal parties to ensure delivery of contractual deliverables.
- Passion for the customer.
- Pension Technical knowledge.
- Effective written and presentation skills.
- High degree of honesty, integrity and discretion.
Location: Reading / London
Work Level: Experienced Colleague
What we offer:
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.
- 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.
- Market leading Inspiring Families policy includes 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.
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.
Actuarial Specialist in London employer: M&G
M&G is an excellent employer, offering a dynamic work culture that values diversity and inclusion while fostering collaboration across geographically distributed teams. With a strong focus on employee growth and development, the company provides ample opportunities for professional advancement in the vibrant city of Edinburgh, making it an ideal place for those seeking meaningful and rewarding employment in technology delivery.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Specialist in London
✨Dive Into Industry Networking Events
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Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like M&G. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuarial Specialist in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at M&G.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at M&G. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at M&G
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at M&G to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at M&G, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding M&G's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
