Actuarial Lead (Policyholder Data) in Edinburgh

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.

The Role:

A new solution for the validation and transformation of policyholder data used in actuarial modelling and assumption setting is being built. This fixed term role will own defining and documenting simplified and streamlined actuarial requirements for this solution. This role will also ensure that appropriate testing of the new data solution is done to demonstrate that these requirements are met and advise on and review the adequacy of controls in the new process.

This role is responsible for delivering high-quality actuarial insight while taking ownership of significant components of actuarial work. As a Manager or Expert, the role combines strong technical capability with accountability for delivery, ensuring outputs are robust, well-governed, and aligned to business objectives.

Main Responsibilities:

• Lead the delivery of the specification of data transformation and validation logic to ensure that the data used in actuarial modelling, experience analysis and assumption setting is materially correct and fit for purpose.
• Use actuarial knowledge and judgement to propose simplifications to data processing or to propose accepting limitations in data based on materiality.
• Provide technical oversight and review of data processing outputs to ensure accuracy, consistency, and compliance with the transformation and model specifications.
• Advise on the controls that should be applied to the data processing and review the adequacy of the controls implemented.
• Translate complex actuarial findings into clear, actionable insights for stakeholders.
• Take accountability for delivery outcomes, ensuring deadlines and quality standards are met.
• Support and guide colleagues, sharing knowledge to build capability across the team.
• Contribute to process improvements, enhancing efficiency and effectiveness of actuarial tools and approaches.
• Engage with stakeholders to align actuarial work with broader business priorities.
• Ensure all work in the team is documented to a high standard.

Key Knowledge, Skills and Experience:

• Strong actuarial and analytical capability with the ability to manage complex workstreams.
• Experience working with policyholder data for reporting, experience analysis and/or assumption setting in UK Life Insurance.
• Deep understanding of actuarial principles and their application in modelling life and pensions products, including with profits.
• Ability to review, challenge, and enhance technical outputs with a high degree of accuracy.
• Clear and confident communication skills, with the ability to influence stakeholders.
• Capability to lead delivery.
• Collaborative approach with a focus on supporting the team and organisational goals.
• Continuous improvement and innovation mindset.

Essential Skills:

• Actuarial modelling and data analysis.
• Experience in Life actuarial reserving, experience analysis and/or assumption setting.
• Knowledge of UK pensions and life insurance industry.
• Strategic and critical thinking.
• Stakeholder engagement and influencing.
• Quality assurance, controls and governance.

Desirable Skills:

• Actuarial valuation of annuities.
• With profits.
• Data management.
• Experience with data tools such as SQL, Python and Databricks.

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 to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days.
• Our Time Off When You Need It policy gives you the flexibility to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options.

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds - across gender, ethnicity, age, disability, sexual orientation and more - including neurodivergent individuals, career returners and those with military service experience.

M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying.