Actuary - Business Development

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.

Role Summary: Join M&G’s Actuarial Business Development team to support the company’s ambitious and innovative new business plans. This team sits within the wider Finance team and plays a pivotal role in designing, valuing, and implementing new propositions and products. The successful candidate will provide actuarial valuation expertise during the design and tactical valuation implementation of innovative solutions for financial reporting.

Your Role Will Encompass:

• Business Alignment: Develop a strong overview of M&G plc’s business, gaining deep knowledge of new products and markets to tailor solutions to business needs.
• Innovation and Implementation: Support design and implementation of valuation processes to ensure new products are financially sound and commercially viable.
• Communication and Collaboration: Explain complex financial concepts to non-finance experts, value new products 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.
• Support Tactical to Strategic Implementation: Support the successful transition of business development tactical solutions to strategic BAU led solutions.

Key Responsibilities:

• Explain complex financial concepts to non-finance experts and contribute to product design.
• 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.

Stakeholder Management:

• Engage with Finance BAU teams to understand existing methodology, processes, and controls.
• Handover solutions to BAU to mitigate risks and ensure smooth transitions.

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.
• 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.
• Knowledge and experience of matching adjustment and application is preferred.
• Knowledge and experience of capital valuation is preferred.

Qualifications: Qualified actuary with experience in the financial services sector.

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:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
• Enjoy 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.
• Our 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.

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.

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