Director, Origination & Execution - M&G plc. in London

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.

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.

Qualifications:

• Qualified Actuary or CFA preferable, but not essential.

Location: London

Work Level: Manager / Expert

What we offer:

• 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.