Actuarial Specialist in Reading

Overview

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 consider flexible working arrangements for any role and offer workplace accommodations to ensure you have what you need to deliver effectively.

• Role
• Actuarial Specialist, Corporate Risk Solutions

Corporate Pension Solutions (CPS) is a division within M&G Life with a remit to design and deliver bulk purchase annuities and alternative de-risking products for Defined Benefit pension schemes.

The CPS Actuarial Specialist is responsible for the post sale pricing process, the MAG approval process, supporting the member option process and providing broader support for the CPS operations team.

Due to ongoing success and a strong opportunity, the team is adding headcount in a number of areas.

Responsibilities

• Management of the post sale pricing process, including compliance with all contractual terms, management of the CPS post sale pricing, completion of all key controls, validation of the output from the pricing team and production of sign off documents for the CPS MD.
• Act as the key point of contact for the development of methodology for all CPS member option calculations.
• Own the deal Matching Adjustment deal approval process, including production of papers to the Matching Adjustment Group (MAG).
• Provide broader support within the CRS Operations team to deliver and maintain BPA business.
• Development of scalable solutions including robust processes and controls.
• Liaise with internal and external stakeholders on challenges to assumptions and calculations.
• Drive continuous improvement through innovation and seeking out new opportunities.
• Provide management information to appropriate governance forums.
• Support the delivery of other elements of the CPS business plan.

Qualifications

• Strong analytical actuarial skills.
• Qualified actuary preferred; part-qualified candidates are welcome to apply.
• Problem solving skills.
• Financial services and insurance knowledge, especially around defined benefit pension de-risking, with profits and reinsurance.
• Experience in managing multiple internal parties to deliver contractual deliverables.
• Customer-focused mindset.
• Pension technical knowledge.
• Effective written and presentation skills.
• High degree of honesty, integrity and discretion.
• Details

Location

Reading / London

Work Level

Experienced Colleague

Recruiter

Amy Curtis

Closing Date

23/07/2026

Benefits

• Competitive pension: 18% total (employer 13% and employee 5%).
• Share Save and Share Incentive Plan, with access to financial wellbeing and support services.
• 38 days annual leave including bank holidays, with the option to purchase up to 5 extra days and flexible Time Off When You Need It policy.
• Inspiring Families policy with paid parental leave (maternity, adoption, surrogacy, and paternity).
• Health & protection cover including Private Healthcare, Critical Illness, Life Assurance, with family options.
• Life at M&G – explore our full benefits offering.

M&G is proud to be a Disability Confident Leader and welcomes candidates with long-term health conditions, disabilities, or neuro-divergent conditions.

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