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Longevity Actuary (12 month fixed term)

M&G plc.
Stirling, United Kingdom
Closing date
Apr 5, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clients and identifying new opportunities to make a positive impact for our environment and communities . To help us achieve our vision we're looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliver results and keep it simple.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

Role Summary:
The Longevity team is responsible for development of the mortality bases for retirement products and monitoring of longevity risk. To achieve this the team is required to develop cutting edge models of and approaches to longevity risk. The Longevity Actuary acts as necessary support to the Longevity team by carrying out longevity and mortality research, reporting to the Head of Methodology & Assumptions on insights and implications of key findings

Key Responsibilities:
  • To carry out and support longevity analysis, including undertaking the necessary technical investigations and research
  • To provide expert insight into emerging longevity trends
  • Support the production of longevity assumptions, both in the best estimate liabilities and the capital requirements
  • Act as recognised authority on area(s) of professional specialism within Actuarial, providing technical advice, guidance and oversight of team outputs
  • Accountable for the technical accuracy of projects/processes delivered personally

  • Experience in the production and communication of longevity assumptions, both in the best estimate liabilities and the capital requirements
  • Performing experience analysis and data manipulation in relation to the monitoring mortality experience and analysing trends
  • Significant experience of taking complex and ambiguous problems and quickly generating practical solutions
  • Experience of communicating complex problems and influencing effectively with a range of stakeholders

  • Knowledge and understanding of longevity trends
  • Keep up to date with research impacting longevity risk
  • Experience in the use and enhancement of models relating to the analysis of longevity trends
  • Detailed knowledge of life and pensions products, markets and competitors
  • Detailed knowledge of financial services regulatory and legislatory frameworks
  • Qualified Actuary with relevant post qualification experience, a Fellow of the Faculty or Institute of Actuaries that follows the Continued Professional Development requirement
  • Detailed knowledge of actuarial professional standards and codes

Recruiter: Matt Campbell
Work Level: Manager / Expert
Close Date: Tues 4th

We have a diverse workforce and an inclusive culture at M&G plc, 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 or disability 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.

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