Actuary, Pricing (12 mth FTC)

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.

Actuary, Pricing (12 mth FTC)

2 x positions available

An excellent opportunity has arisen for a Qualified Actuary to join the Individual Life and Pensions Pricing Team. This role will be based in Scotland but with flexibility to work from home.

In this role you will support the delivery of a number of key metrics used in the ongoing pricing of existing propositions that are managed by Individual Life and Pensions. You will also support M&G Life with the development and pricing of a number of new proposition developments.

Key Responsibilities:

• To support key BAU Pricing activities, such as Active Pricing of PruFund Capital Guarantees, PruFund Cost of Smoothing reviews, Value for Money analysis, new business capital monitoring and compliance with the Minimum Pricing Frameworks
• To support relevant pricing reviews and updates to our existing suite of new business products Retirement Account, ISA, Onshore bond and TIP     
• Support pricing workstreams for key M&G Life proposition developments.  For example the development of a new Fixed Term Annuity and the launch of PruFund on 3rd party platforms
• Model development and maintenance of several Pricing MUDAs
• Clear communication of the pricing results with key stakeholders including Proposition, With-Profits Actuary Team, Chief Actuary Team and Risk
• To maintain effective working relationships with key stakeholders in other areas of the business (e.g. teams in Proposition, Finance and Risk)

Experience, Skills and Knowledge:

• Be a qualified actuary or nearly qualified actuary
• Have experience of Solvency II
• Have knowledge of PruFund
• Have model development experience, in Excel and VBA
• Be highly analytical and a skilled problem solver, with a strong commercial mind-set, and the ability to distil complex ideas or problems into simple, effective plans and solutions
• Have an ability to communicate effectively and influence effectively with productive, successful relationships with demanding senior stakeholders

Work Level: Experienced Colleague

Location: Stirling or Edinburgh

Recruiter: Amy Curtis

Close Date: 06/12/2024

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.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions.  Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying. 

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [email protected]