At a Glance
- Tasks: Solve complex actuarial challenges and influence strategic business decisions.
- Company: M&G, a leading firm in savings and investments with over 175 years of innovation.
- Benefits: Generous pension scheme, flexible working arrangements, and support for personal wellbeing.
- Other info: Collaborative environment with opportunities for continuous learning and career growth.
- Why this job: Shape innovative products and methodologies that impact financial outcomes.
- Qualifications: Nearly qualified or qualified actuary with strong analytical skills.
The predicted salary is between 63000 - 77000 £ per year.
At M&G, 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 offer workplace adjustments to ensure you have the support you need to succeed in your role.
Methodology & Assumptions Actuary
About the Role
Do you enjoy solving complex actuarial challenges, turning ambiguity into practical solutions, and influencing how strategic business decisions are reflected on the balance sheet?
We're looking for a Methodology & Assumptions Actuary to join our Business Development team.
This is a unique opportunity to work at the heart of M&G's product innovation and strategic development, helping bring new ideas from concept through to implementation and valuation.
You’ll play a leading role in designing and enhancing the methodologies, assumptions and regulatory approaches that underpin our products and transactions.
Working closely with teams across Finance, Pricing, Investments, Risk, and more, you’ll help ensure that innovative customer solutions can be robustly valued, managed and reported.
This is a role suited to someone who enjoys applying deep technical expertise to new and evolving challenges while influencing outcomes across the business.
Key Responsibilities
- Lead the development of valuation methodologies and actuarial approaches for new products, transactions and strategic initiatives, taking ideas from concept through to implementation.
- Design and enhance actuarial assumptions and methodologies, ensuring they remain technically robust, commercially appropriate and aligned with regulatory requirements.
- Partner with stakeholders across Investments, Finance, Risk, Product Development and Actuarial to deliver innovative customer propositions and strategic business solutions.
- Support the integration of new products, assets and transactions into ongoing valuation, capital and financial reporting processes.
- Provide expert technical insight on complex actuarial, regulatory and balance sheet matters.
- Drive continuous improvement by challenging existing methodologies, identifying opportunities for simplification, automation and greater efficiency.
- Contribute to the development of regulatory and accounting interpretations relating to Solvency II, IFRS and emerging industry developments.
- Key Knowledge, Skills & Experience
- Nearly qualified, newly qualified or qualified actuary.
- Strong analytical and problem‑solving skills, with the ability to develop technically robust yet pragmatic solutions.
- Experience in actuarial methodology development, assumption setting and/or valuation work.
- Strong understanding of Solvency II and IFRS reporting frameworks.
- Ability to communicate complex technical concepts clearly to both technical and non-technical stakeholders.
- A collaborative approach, with experience working across multiple teams and disciplines.
- Commercial awareness and an interest in understanding how actuarial decisions influence business outcomes.
Desirable Experience
- Experience with annuity products, BPA transactions or wider life and pensions business.
- Knowledge of asset‑liability management and regulatory frameworks, including the Solvency II Matching Adjustment.
- Experience in capital modelling, capital reporting or balance sheet management.
- Exposure to new product development, reinsurance transactions or strategic business initiatives.
- Experience identifying and implementing process improvements, automation opportunities or methodological enhancements.
Why Join Us?
This is an opportunity to work on some of the most intellectually stimulating challenges and most innovative products in the life insurance market.
You’ll help shape how business opportunities are translated into actuarial methodologies that directly influence financial and regulatory outcomes.
You’ll join a collaborative team that values curiosity, innovation and technical excellence, with the chance to make a visible impact on the future direction of the business while continuing to develop your expertise across a broad range of actuarial disciplines.
What we offer
We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond.
Our benefits are designed to help you balance your professional and personal life, and financially plan for the future.
Our UK benefits include
- A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
- Access
- #J-18808-Ljbffr
Methodology & Assumptions Actuary in Stirling employer: mgpru
At M&G, we pride ourselves on being an exceptional employer that fosters a culture of collaboration, innovation, and integrity. Our commitment to employee wellbeing is reflected in our flexible working arrangements and comprehensive benefits, including a generous pension scheme. Joining our team as a Methodology & Assumptions Actuary means engaging with intellectually stimulating challenges while having ample opportunities for professional growth and making a tangible impact on the future of our business.
StudySmarter Expert Advice🤫
We think this is how you could land Methodology & Assumptions Actuary in Stirling
✨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 mgpru). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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✨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 mgpru. 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 Methodology & Assumptions Actuary in Stirling
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 mgpru.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at mgpru. 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 mgpru
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at mgpru 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 mgpru, 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 mgpru'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.
