Valuation Actuary - New business (6 month fixed term)

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:

There is an exciting opportunity to support M&G plc's plans in respect of Corporate Risk and Investment Solutions (CRIS). We are looking for strong candidates to be part of a team of Finance experts in supporting the design and implementation of the new propositions and products. This team will be responsible for providing finance expertise to the design team and leading the development of innovative solutions to enable speedy and controlled adoption for financial reporting purposes.
You will support the development of Finance capabilities to design and adopt new products and solutions:

• The role holder will be a qualified actuary with extensive experience in Financial Reporting.
• The role will require previous experience working in the bulk purchased annuities (BPA) sector.
• The role will require strong communication skills, explaining complex financial concepts to non-finance experts and make a strong contribution to the product design process.
• The role holder will have the ability to quickly understand and adopt new and complex concepts.
• The position calls for an individual who is a self-starter who can work independently to deliver high-quality outputs.

Key Responsibilities for this role:

• Support the delivery of solutions to implement new proposition/products in an efficient, commercial and controlled manner.
• Drive business growth by contributing to the design of innovative, efficient and financially sound product solutions.
• Ensure the provision of high quality actuarial reporting input to the business.
• Liaise with the wider Finance teams to ensure reporting capabilities for new propositions are in place in a timely and controlled manner.
• Work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customers outcomes and a reduction in M&G plc's operational risk.

Key Knowledge, Skills & Experience:

• Qualified Life actuary with strong knowledge of financial services, regulatory and legislative frameworks, including IFRS and Solvency II principles and associated external reporting and disclosure requirements.
• Experience of preparing financial information for the purposes of meeting internal and external reporting requirements.
• Strong verbal and written communication skills
• Knowledge of financial services regulatory and legislative environment and reporting metrics
• Knowledge of life and pensions products, markets and competitors
• Working knowledge of the impact of governance, risk and compliance processes
• An understanding of the commercial implications of decisions
• Experience in understanding the wider business and distilling this information to provide understandable results to the business
• Experience of disseminating complex quality information to internal and external stakeholders (including regulators and rating agencies) and ensuring it is understood
• Experience of delivering advanced financial findings and results to an audience with varying degrees of sophistication by breaking down complex information and challenging others to appropriately limit technical jargon
• Experience of using understanding of the business linked with finance knowledge to support the business and of making recommendations and helping to originate creative solutions
• Experience of delivering under pressure and/or to tight timescales
• Experience of translating Finance's vision and goals into clear, specific and achievable objectives, making the vision tangible for individual teams
• Ability to produce high quality technical work whilst operating within a well-controlled environment

Work Level: Experienced Colleague
Close Date: 9th August 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.