At a Glance
- Tasks: Lead pricing for Individual Annuity products and support new product launches.
- Company: Join a historic company with over 175 years of innovation in savings and investments.
- Benefits: Competitive salary, career development, and a collaborative team culture.
- Other info: Flexible working options available; join a diverse and inclusive workforce.
- Why this job: Shape new products and influence market strategies while making a real impact.
- Qualifications: Strong analytical skills and experience in pricing or actuarial roles preferred.
The predicted salary is between 55000 - 65000 £ per year.
We aim 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.
We are seeking a Pricing Actuary to join our Individual Annuities Pricing & Development team, reporting directly to the Head of Retail Annuity Pricing. The role supports new product launches, market positioning and the development of a dynamic pricing framework.
Key Responsibilities- Lead pricing activity for Individual Annuity products, translating strategy into competitive and commercially sound pricing decisions.
- Monitor performance by analysing sales volumes, profitability, and our competitive position in the market.
- Support the development of an active, dynamic pricing framework with frequent repricing.
- Influence pricing assumptions through detailed experience analysis and market insights.
- Drive improvements in pricing models and infrastructure, including the adoption of new technologies and tools.
- Collaborate cross‑functionally with teams across Finance, Investments, Risk, Propositions, and external partners.
- Present insights and recommendations to senior stakeholders, forums, and committees.
- Mentor and support junior colleagues, contributing to a high‑performing and collaborative team culture.
- Commercially minded actuary with strong technical expertise and a passion for product development.
- Qualified actuary preferred; strong, hands‑on pricing experience also acceptable.
- Experience in individual annuities pricing is ideal, but related pricing or analytical actuarial roles are welcome.
- Strong analytical and problem‑solving skills, with the ability to interpret complex data and translate it into actionable insight.
- Experience in data analysis, trend modelling, and statistical techniques.
- Excellent communication skills, capable of conveying technical concepts clearly to non‑technical audiences.
- Collaborative mindset, comfortable working across multiple teams and stakeholders.
- Proactive and adaptable, able to respond to changing priorities with pace and confidence.
- Experience with Python is a plus, but not essential.
- Be part of a growing and ambitious annuity business with significant investment and opportunity.
- Shape new product launches and influence strategic market entry into Lifetime Annuities.
- Work in a team that values innovation, collaboration, and continuous improvement.
- Gains visibility and impact through senior stakeholder engagement.
- Develop your career in a role that blends technical excellence with commercial influence.
- Job Level: Experienced Colleague
- Location: Edinburgh (strong preference for Edinburgh, exceptional candidates based in Stirling, or, homeworking with the ability to commute to an office may be considered)
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 welcomes applications from candidates with long‑term health conditions, disabilities, or neuro‑divergent conditions.
Pricing Actuary, Individual Annuities in Edinburgh employer: M&gprudential
Join M&G, a leading employer with over 175 years of heritage in innovation and excellence in savings and investments. As a Pricing Actuary in our Individual Annuities team based in Edinburgh, you'll thrive in a collaborative culture that values continuous improvement and offers significant career development opportunities. Enjoy the benefits of working in a dynamic environment where your insights will shape new product launches and influence strategic market decisions, all while being part of a diverse and inclusive workforce.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary, Individual Annuities in Edinburgh
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like M&gprudential. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Pricing Actuary, Individual Annuities in Edinburgh
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to M&gprudential.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on M&gprudential's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at M&gprudential
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with M&gprudential.
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Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at M&gprudential will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former M&gprudential employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
