Actuary

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:

A vacancy has arisen for a Qualified Actuary within the Solvency II With-Profits consolidation team which is part of the wider Insurance Finance Reporting & Control team responsible for the financial, statutory and regulatory reporting for M&G plc.
The role requires someone who has practical experience of Solvency II financial reporting for with-profits business. IFRS financial reporting experience would also be desirable, but it is not essential.
The role would suit an individual who is able to combine technical acumen with commercial understanding and strong relationship skills and a willingness to take accountability for the delivery of financial results alongside the design and development of new or improved solutions to meet business objectives. The role covers a broad range of responsibilities including project work; wider business support; regulatory reporting for in-force and new business; and producing insightful financial analysis in a well governed and controlled environment.

Accountabilities / Responsibilities:

As part of this role you will have the opportunity to:

• Deliver and develop the analysis and reporting of quarterly with-profit SII valuation results; working closely with the Shareholder valuation team to ensure results are well-explained and accurately communicated to senior stakeholders, using skills/experience built through significant practical experience obtained from training and working, within established frameworks and procedures;
• Deliver and develop the analysis and reporting of shareholder transfer results and the With-Profit Sub Fund asset pool rebalancing exercise; working to ensure results are produced in a controlled and well explained manner, and accurately communicated to the relevant stakeholders such as the With-Profit Actuary team;
• Develop an understanding of the management of the with-profit balance sheet and how the commercial and regulatory environment impacts the company's solvency position;
• Liaise with colleagues across other areas within Finance and Risk to support delivery of financial reporting in line with regulatory deadlines;
• Make suggestions for improvements to the work of the team, based on previous experience and knowledge of similar situations;
• Identify and anticipate the need for changes to continuously improve quality and efficiency of output.

To be successful in this role, you will have:

• Strong technical actuarial knowledge, with attention to detail;
• To be self-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

Work Level: Experienced Colleague
Close Date: 8th October 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.