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Finance Specialist

M&G plc.
Edinburgh, United Kingdom
Closing date
Jul 28, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of 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 also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

The Role:

This role sits within the Actuarial Valuation team within the wider M&G UK Model and Valuations team. The role holder will be expected to contribute to supporting the financial strength of the business by successfully balancing the competing demands of commerciality and prudence in a well governed and controlled environment. In addition the role holder will be expected to contribute to the creation of an agile team which is responsive to changing market conditions and customer requirements and the delivery of efficient and optimised processes.
This role requires a qualified actuary who has practical experience of Solvency II and IFRS financial reporting. The focus of the role is that of a technical specialist at this level that will either be taking accountability for components of a complex process or designing and developing new or improved solutions to meet business objectives.

The role will include the opportunity to:
  • Develop knowledge of SII and IFRS discount rates and financial reporting of the shareholder business.
  • Develop a deep knowledge of the assets backing the non-profit annuity business and support enhancement of the asset data.
  • Develop an understanding of how the commercial and regulatory environment impacts the company's solvency position and balance sheet.
  • Work with colleagues across with other areas within Finance and Risk to support delivery of financial reporting in line with regulatory deadlines.
  • Deliver and develop the extraction of surplus; working closely with the Shareholder valuation team to ensure that the analysis of surplus is well-explained.

Key Responsibilities:
  • To produce and be accountable for the discount rate assumptions for non-profit annuities to support the production of actuarial analysis and reports.
  • To provide specialist technical advice and guidance on the application of actuarial principles and tools to support business objectives, coaching and guiding less experienced members of the team.
  • To provide technical expertise to design technical solutions as part of change projects within M&G UK Finance Reporting where required.

You will have:
  • Excellent technical actuarial knowledge, with attention to detail
  • Motivated and willing to take responsibility and ownership of the work assigned
  • Demonstrable experience of problem solving and providing practical solutions to complex problems
  • Commercial aptitude and the ability to consider the impact of decisions
  • Strong commercial and collaboration skills
  • Ability to express own viewpoint and to communicate clearly on complex actuarial issues

Knowledge of the business (mainly non-profit annuities), Solvency II and/ or IFRS financial reporting experience would be an advantage, however on-the-job training will be provided to successful candidate.

Work Level: Experienced Colleague
Close Date: Tues 5th March

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, 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.

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