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For Companies At a Glance
- Tasks: Lead innovative projects in life product design and valuation at M&G.
- Company: Join M&G, a forward-thinking finance company with a collaborative culture.
- Benefits: Competitive salary, inclusive environment, and opportunities for professional growth.
- Why this job: Make a real impact on the future of financial products while developing your career.
- Qualifications: Qualified actuary with experience in financial services and strong communication skills.
- Other info: Diverse and inclusive workplace welcoming applicants from all backgrounds.
The predicted salary is between 43200 - 72000 £ per year.
The Role
Do you want to be involved in helping to design and deliver the future of M&G’s life products? Join M&G’s Finance Business Development team to support the company’s ambitious and innovative new business plans. This team sits within the wider Actuarial Modelling and Valuation team in Finance and plays a pivotal role in designing, valuing, and implementing new propositions and products.
There are two manager experts in the team who will soon be taking parental leave for 6 months each. Therefore there is an opportunity for an experienced actuary to take either a 6 month role leading one of the teams, or a 12 month role leading both teams one after the other.
The first opportunity, from October 2025 to March 2026, is to the lead the Methodology and Assumptions team. This team is responsible for designing M&A for our new propositions, for example recently setting out the approach to determining the surplus to be shared with policyholders in our new with-profits fixed term annuity and BPA products.
The second role, from March 2026 to September 2026, is to lead the Valuation team. This team is responsible for developing and operating the tactical actuarial models which produce financial results for our new propositions before they are developed in the BAU models. The team also supports the valuation of our BPA schemes, by carrying out point of sale reporting and calculating the value of unmodelled benefits.
These are great opportunities for experienced colleagues who are looking to demonstrate their capabilities at the next level, or existing manager experts who are looking to spend time in a more commercially-focussed role.
Your Role Will Encompass
- Business Alignment:Develop a strong overview of M&G’s new propositions, gaining deep knowledge of new products and markets to tailor solutions to business needs.
- Innovation and Implementation:Support design and implementation of pricing and valuation processes to ensure new products are financially sound and commercially viable.
- Communication and Collaboration:Discuss complex financial concepts across the business including with non-actuarial colleagues, contribute to product design, and integrate financial solutions into broader business strategies.
- Ownership and Creativity:Take ownership of a solution from design through to implementation, utilising creative thinking and problem solving skills to deliver individual valuation solutions while also driving forwards the bigger picture goal of delivering a more efficient and robust end-to-end reporting process.
Key Responsibilities
- Quickly understand and adopt new concepts.
- Drive business growth by supporting the Proposition team to design innovative, efficient, and financially sound product solutions.
- Support delivery of solutions for new propositions/products efficiently and commercially.
- Engage with stakeholders in Finance and the wider business to track new development areas, present Actuarial Model and Valuations views, and identify dependencies to reduce blockers.
- Liaise with the wider Finance team to provide high-quality actuarial reporting input, including Solvency II and IFRS 17 reporting.
- Challenge the status quo, embrace change, strive for continuous improvements, and remain responsive to future business requirements.
- Work collaboratively with colleagues and take accountability to maintain and enhance controls to support improvement of the overall control environment, customer outcomes, and reduce operational risk.
- Lead a team of actuaries, effectively organising their work and supporting their development to ensure the team’s objectives are met.
Stakeholder Management
- Engage with Finance BAU teams to understand existing methodology, processes, and controls.
- Consult on impact assessments, requirements, solution implementation, and timelines.
- Handover solutions to BAU to mitigate risks and ensure smooth transitions.
Methodologies and Requirements
- Provide clear methodologies and requirements for Actuarial Model and Valuations and the wider business, ensuring implementation aligns with control frameworks and long-term goals.
Key Knowledge, Skills & Experience
- Strong knowledge of financial services, regulatory and statutory frameworks (Solvency II, IFRS), and external reporting requirements.
- Experience in preparing financial information for internal and external reporting, including capital reporting.
- Strong verbal and written communication skills.
- Knowledge of life and pensions products, markets, and competitors.
- Working knowledge of governance, risk, and compliance processes.
- Understanding of commercial implications of decisions.
- Experience using technologies to develop and improve processes.
- Ability to disseminate complex information to stakeholders with varying degrees of sophistication.
- Experience leveraging business understanding and finance knowledge to support the business and make insightful recommendations.
- Ability to produce high-quality technical work within a controlled environment.
- Ability to lead a team effectively.
Qualifications
- Qualified actuary with extensive experience in the financial services sector.
Work Level: Manager / Expert
Recruiter: Matt Campbell
Close Date: 89h October 2025
We have a diverse workforce and an inclusive culture at M&G plc, 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 a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they opt in to the scheme when applying.
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 at mandg.com
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Senior Actuary - Business Development (12 month fixed term) employer: M&G
Contact Detail:
M&G Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuary - Business Development (12 month fixed term)
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and actuarial sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching M&G’s recent projects and innovations. Show that you’re not just another candidate; demonstrate your knowledge of their products and how you can contribute to their ambitious plans. Tailor your responses to highlight your relevant experience and skills.
✨Tip Number 3
Practice your communication skills! As an actuary, you’ll need to explain complex concepts to non-actuarial colleagues. Role-play with a friend or use online resources to refine your ability to convey technical information clearly and confidently.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining M&G and being part of their innovative team. So, get your application in and let’s make it happen!
We think you need these skills to ace Senior Actuary - Business Development (12 month fixed term)
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in financial services and actuarial roles. We want to see how your skills align with the specific responsibilities mentioned in the job description.
Showcase Your Communication Skills: Since you'll be discussing complex financial concepts with various stakeholders, it's crucial to demonstrate your strong verbal and written communication skills. Use clear examples in your application to show how you've effectively communicated in past roles.
Highlight Your Leadership Experience: If you have experience leading teams or projects, make sure to emphasise this in your application. We’re looking for someone who can take ownership and drive business growth, so share any relevant examples of how you've successfully led initiatives.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. This way, you can ensure that your application reaches us quickly and efficiently, and you’ll have access to all the latest updates about the role.
How to prepare for a job interview at M&G
✨Know Your Numbers
As a Senior Actuary, you'll need to demonstrate your strong grasp of financial concepts. Brush up on Solvency II and IFRS reporting requirements, and be ready to discuss how these frameworks impact product design and valuation processes.
✨Showcase Your Communication Skills
You'll be engaging with both actuarial and non-actuarial colleagues, so practice explaining complex financial concepts in simple terms. Prepare examples of how you've successfully communicated intricate ideas in previous roles.
✨Demonstrate Innovation
M&G is looking for someone who can drive business growth through innovative solutions. Think of examples where you've implemented creative strategies in pricing or valuation processes, and be ready to share them during the interview.
✨Prepare for Stakeholder Engagement
Stakeholder management is key in this role. Familiarise yourself with M&G’s current methodologies and be prepared to discuss how you would engage with various teams to ensure smooth transitions and effective collaboration.