Associate Director or Director, Origination & Execution in London

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.

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.

The Pension Risk Transfer (PRT) team was formed in 2021 in order to maximize M&G's competitive advantage as both asset owner (insurer) and asset manager. The remit of the team is to design our bulk purchase annuities and alternative de-risking products for UK Defined Benefit pension schemes. Due to ongoing success and a strong opportunity set, the team is adding headcount in a number of areas. This role is focused on supporting the origination and execution of buy-ins, buyouts and other unique transaction structures. PRT has ambitious new business targets and is looking for exceptional people who will help deliver results.

Key Responsibilities for this role:

• Undertaking the marketing, origination and execution of new bulk annuity and other de-risking opportunities, structuring of transactions and managing negotiations with trustees / companies and their advisers.
• End-to-end production of high quality deliverables for clients and senior internal stakeholders, including checking, review and delegation of work to junior team members.
• Internal and external stakeholder and project management, coordinating colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, pricing, legal and structuring workstreams into strong client propositions.
• Developing a strong understanding of our novel bulk annuity transaction structures, reinsurance solutions, and new product lines.
• Developing deep relationships with EBCs, trustees and other key stakeholders which are more than just transactional.
• Recognising potential issues in transactions before they emerge as problems and working collaboratively to deliver practical solutions, acceptable to all stakeholders.
• Nurturing and energising talent within the team and across the M&G business.

Key Knowledge, Skills & Experience:

• Commercially minded with strong technical skills, attention to detail and the ability to effectively drive projects forward.
• Some knowledge and experience of pension risk transfer transactions is essential, role level can be flexed to reflect experience.
• Excellent project and internal and external stakeholder management skills.
• Strong communication skills, with ability to understand & capture client needs.
• Ambitious and self-motivated with ability to work both on own initiative and within a team.
• Able to prioritise workload to cater for multiple strict deadlines.
• Demonstrable leadership and management skills for more senior role.
• Knowledge of alternative de-risking, capital and reinsurance structures beneficial.
• Familiarity with deal execution activities, with role level flexed to reflect experience.

Qualifications: Qualified Actuary or CFA preferable, but not essential.

Location: London

Work Level: Manager / Expert

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 – to balance your work and personal commitments.
• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.
• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

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. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2024, we had £345.9 billion of assets under management and administration.