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Actuarial Operations Project Team Lead (fixed term)

M&G plc.
Stirling, United Kingdom
Closing date
Aug 6, 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.

Project Summary:

Project Sapphire is a long-running project to migrate the administration of many of our Heritage policies onto the TCS BaNCS system. Moving from old mainframe based systems onto a modern platform will improve the experience of our customers, advisers and colleagues

Key responsibilities:
  • Working within a project team to support all Actuarial elements of policy administration system migration
  • Involvement in testing and reviewing evidence for all calculation elements of policy lifecycle including illustration documents, servicing calculations, annual benefit statements and claims processing
  • The role requires ability to understand Actuarial calculations based documents and respond to complex technical queries.
  • The individual needs to be able to review detailed calculations and translate to a diverse range of individuals, e.g., IT, project managers, actuaries
  • Strong team player, with ability to work in a team or on a project single handed
  • Ability to work under pressure: dynamic, shows resolve and can adapt to evolving situations.
  • Good level of interpersonal and networking skills, to develop effective working relationships with team colleagues and internal/external business contacts.
  • Line management of experienced team members through regular 1-1s and development conversations and positive role modelling of M&G behaviours

Problem Solving:
  • Ability to confidently express own viewpoint and to clearly and simply communicate actuarial issues within their team.
  • Strong problem solving capabilities and to build individual tools for reconciliation of results.
  • Seek and act on opportunities to develop technical and business understanding.
  • Ability to develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met.
  • Strong project and people management skills, and an ability to structure task allocations around critical goals.

Working Together:
  • Ability to work in agile structure to provide regular team updates
  • Ability to plan and prioritise own workload
  • Ability to deliver on multiple tasks to demanding timescales
  • Communicate effectively with others, develop positive networks and working relationships

Required Knowledge / Skills:
  • A numerical based degree or Post Graduate qualification
  • Ability to work both independently and as part of a cross-site team (UK and India)
  • Strong communication skills to explain complex solutions to colleagues without Actuarial knowledge
  • Some technical understanding of various tools and techniques used eg: Excel, SQL, Visual Basic, Python, Power BI and or other relevant Actuarial applications
  • Ability to handle big data
  • Track record of being a fast learner as evidenced by job performance (and exam progress for Trainees), with some knowledge of significant regulatory processes within Prudential operations
  • Good knowledge of the Insurance business with ability to understand Actuarial terms and calculations.
  • Strong communication skills - written and verbal
  • Good planning and problem solving skills
  • Some experience and knowledge of Actuarial modelling tools like SQL/ Excel VBA/ Python.

Work Level; Experienced Colleague
Close Date: 19th July 2024

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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