At a Glance
- Tasks: Lead actuarial projects and collaborate with teams to drive strategic initiatives.
- Company: M&G, a leading financial services company with over 175 years of innovation.
- Benefits: Competitive pension scheme, generous annual leave, and comprehensive health cover.
- Other info: Flexible working arrangements and a commitment to diversity and inclusion.
- Why this job: Join a dynamic team and make a real impact in the finance sector.
- Qualifications: Qualified actuary with experience in insurance and strong stakeholder management 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.
About the role
Finance Business Development sits at the centre of proposition development, business change and strategic delivery across M&G. We work collaboratively with stakeholders across Finance, Commercial, Risk and Technology to ensure new products, transactions and strategic initiatives are delivered effectively while maintaining robust controls. We are seeking experienced Finance Actuarial professionals to join the team on a 12-month fixed-term basis to support us through a period of intense growth. Successful candidates will provide leadership, expertise and delivery support across a portfolio of strategic initiatives, supporting some or all of: proposition development, BPA growth, development of methodologies and assumptions, development of valuation models and controls. This role is suitable for either an experienced manager or technical specialist who can operate independently, influence senior stakeholders and provide expert guidance in their area of specialism. The particular areas of speciality we are most interested in are defined benefit pensions, Solvency UK capital, reinsurance, with-profits, and model development.
Key Responsibilities
- Lead actuarial engagement on strategic initiatives, business change activities and proposition development projects
- Act as a trusted adviser to stakeholders across Finance, Commercial, Risk and Technology
- Identify Finance impacts, dependencies, risks and required actions associated with proposition developments, transactions and regulatory change
- Co-ordinate subject matter experts across multiple teams to ensure delivery objectives are achieved
- Support business case development, impact assessments, governance papers and decision-making materials
- Ensure appropriate controls are developed and embedded within project and proposition design and build
- Translate complex technical concepts into clear, actionable recommendations for senior stakeholders
- Identify opportunities to improve processes, controls and ways of working
Essential Experience
- Qualified actuary with significant experience in insurance environments, including innovative activities where there is no pre-existing process or structure
- Experience leading complex pieces of work involving multiple stakeholders and teams
- Ability to influence and manage a range of stakeholders
- Experience producing high-quality analysis and governance papers
- Strong understanding of risk and control frameworks
- Excellent communication skills, with the ability to explain complex concepts to both technical and non-technical audiences
- Ability to assess a range of possible solutions and exercise sound professional judgement when recommending a course of action
Desirable Experience
- Subject matter expertise in BPA products, with-profits business, Solvency UK capital or reinsurance
- Experience of new proposition development, business readiness or change delivery
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 to help give you real confidence to put your money to work.
- 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 - because supporting families is an important part of our inclusive culture.
- Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.
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. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application. We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: careers@mandg.com
Finance Business Development Actuarial Manager / Subject Matter Expert in Nottingham employer: M&gprudential
M&GPrudential is an excellent employer, offering a dynamic work environment where you can lead a dedicated team and make a significant impact on financial reporting. With a strong commitment to employee well-being, the company provides generous benefits including a pension scheme, extensive annual leave, and comprehensive health coverage, all within a diverse and inclusive culture that fosters professional growth and development.
StudySmarter Expert Advice🤫
We think this is how you could land Finance Business Development Actuarial Manager / Subject Matter Expert in Nottingham
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We think you need these skills to ace Finance Business Development Actuarial Manager / Subject Matter Expert in Nottingham
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at M&gprudential will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at M&gprudential. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give M&gprudential confidence in your short-term commitment to the role.
How to prepare for a job interview at M&gprudential
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with M&gprudential.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
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For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure M&gprudential that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
