Senior Manager - IFRS17 Actuary

Posted Yesterday
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Mumbai, Maharashtra
Senior level
Fintech • Financial Services
The Role
The Senior Manager - IFRS17 Actuary will oversee the generation of IFRS17 input files, manage reference data, analyze results from the IFRS17 engine, and provide insightful commentary on financial data. The role involves presenting findings to senior management and collaborating with stakeholders to meet reporting requirements and foster effective communication.
Summary Generated by Built In

We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. 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.

 

M&G Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G plc’s ambition to be the best loved and most successful savings and investments company in the world.

 

Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities. 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.

1.    IFRS 17 Production:
o    Generating the input files for the IFRS17 engine along with the data checks and reconciliation of actual and expected cashflows.
o    IFRS17 Reference Data Management and the production of the IFRS17 engine for RA and CSM result generation. 

2.    Result Analysis and Commentary:
o    Interpret and make sense of the results produced from the IFRS 17 engine, analyse movements in individual line items for different products, including annuities, with-profit and other shareholder products.
o    Provide commentary on changes from previous reporting periods, highlighting significant trends and anomalies.

3.    Presentation and Communication:
o    Present technical concepts and findings to senior management clearly and concisely.
o    Ensure all communications are tailored to the audience, facilitating understanding and informed decision-making.

4.    Stakeholder Interaction:
o    Engage with key stakeholders to understand reporting requirements and deliver results accordingly.
o    Build and maintain strong relationships with stakeholders to ensure effective communication. 

We have a diverse workforce and an inclusive culture at M&G Global Services, 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.

Top Skills

Ifrs17
The Company
HQ: London
2,729 Employees
On-site Workplace

What We Do

M&G plc is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2023, we had £343.5 billion of assets under management and administration. Our purpose is to give everyone real confidence to put their money to work.

With a heritage dating back more than 175 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our three distinct operating segments, Asset Management, Life and Wealth, work together to provide access to balanced, long-term investment and savings solutions.

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