At a Glance
- Tasks: Lead actuarial and finance collaboration to enhance financial reporting processes.
- Company: A historic savings and investments firm with a commitment to innovation and inclusivity.
- Benefits: Generous pension scheme, 38 days annual leave, and comprehensive health cover.
- Other info: Flexible working arrangements and a supportive environment for diverse talents.
- Why this job: Join a transformative programme that shapes the future of finance and actuarial practices.
- Qualifications: Qualified actuary or equivalent experience with strong stakeholder management skills.
The predicted salary is between 60000 - 80000 £ 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.
The Life Cost & Financial Reporting (LC&FR) programme is a multi‑year transformation initiative designed to modernise and simplify the Life Finance operating model. The programme will deliver improvements to financial reporting processes, systems and controls, reducing reliance on manual processes and external contractors while strengthening the control environment. The programme supports the broader Life business strategy and Finance transformation agenda by enhancing the quality, timeliness and efficiency of reporting across IFRS and regulatory requirements. It will also improve integration between Finance, Actuarial and Systems functions, enabling scalable and sustainable support for business growth.
Key Responsibilities
- Act as the key link between Actuarial and Finance within the programme
- Oversee actuarial inputs into financial reporting and ensure alignment with accounting outputs
- Support design of end‑to‑end reporting processes across actuarial and finance systems
- Review methodologies, assumptions and outputs for consistency and appropriateness
- Contribute to governance, controls and documentation of actuarial‑financial interfaces
- Support stakeholder engagement across Actuarial, Finance and Change
Experience & Skills
- Qualified actuary or equivalent experience
- Strong knowledge of Life insurance products and valuation processes
- Experience supporting financial reporting or finance transformation
- Strong stakeholder management and communication skills
- Ability to operate across actuarial and finance disciplines
Role Level: Manager / Expert
What we offer
- Valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions
- Share Save and 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
- 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.
Project Actuarial Lead employer: M&G
At M&G, we pride ourselves on being an exceptional employer that values innovation and integrity, offering a supportive work culture that prioritises employee wellbeing and growth. With flexible working arrangements, a generous pension scheme, and comprehensive family support policies, we empower our team to thrive both professionally and personally. Join us in our mission to transform the Life Finance operating model while enjoying a fulfilling career in a collaborative environment that champions diversity and inclusion.
StudySmarter Expert Advice🤫
We think this is how you could land Project Actuarial Lead
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like M&G). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
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 Project Actuarial Lead
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.
