Actuarial Specialist in Reading

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.

Actuarial Specialist, Corporate Risk Solutions 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.
• 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.
• 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 at: careers@mandg.com.