Pricing Associate in London

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

Key Knowledge, Skills & Experience:

• 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

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
• 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 an equal opportunity employer, 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.