Solutions 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.

Solutions Actuary

Corporate Risk Solutions (CRS) is part of M&G growing Life insurance business and responsible for building and delivering innovative de-risking solutions to meet the complex needs of corporate and institutional customers. The Proposition & Operations team within CRS is responsible for developing and delivering these solutions ensuring that they meet the needs of the customer whilst achieving the commercial ambitions of M&G.

Solution Actuaries within CRS will take ownership of particular developments and provide leadership and guidance through the innovation, development and execution stage of the development and the onboarding of new customers. They will work closely with colleagues across CRS and the wider business to overcome obstacles allowing developments to reach market in a timely fashion. Over time as the product portfolio within CRS grows, Solution Actuaries will also play a key role in ensuring that we exercise appropriate product oversight and that the business is achieving commercial targets.

Key Responsibilities for this role:

• Key role in the development of the proposition strategy and prioritised roadmap for Corporate Risk Solutions including the development of innovative solution
• Working closely with colleagues across the business to innovate and improve CRS solutions to meet the needs of customers in the pension and corporate de-risking market
• Manage the development and delivery of new solutions building relationships with senior leadership across the organisation including engagement with impacted legal entities
• Supporting distribution and transaction management colleagues with the production of high quality client deliverables and wider relationship management activities
• Supporting senior stakeholders across M&G Life with technical analysis, strategy, business planning and ad hoc queries
• Manage existing propositions, solutions and deals to ensure that they continue to deliver appropriate customer outcomes, deliver on commercial objectives and are subject to appropriate ongoing product oversight and governance
• Working with colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, reinsurance, balance sheet management and structuring workstreams into solution development projects
• Drive continuous improvement through innovation and the seeking out and acting on new opportunities
• Work closely with the wider business to develop agile processes that are scalable for future deal volumes. Develop and maintain commercial pricing targets and ensure compliance for all new and ongoing deals
• Manage commercial outsourcing arrangements
• Study mentoring and wider development support to junior team members

Key Knowledge, Skills & Experience:

• Commercially minded Actuary with exceptional technical skills
• Experience of developing, structuring or managing solutions in life insurances, pensions or investments
• Experience of bulk annuity pricing, funded reinsurance, longevity reinsurance, or life insurance balance sheet management required
• Understanding of UK DB pensions
• Understanding of Solvency II/UK for life insurance, in particular balance sheet construction, Matching Adjustment requirements, liability discounting, asset strategy & ALM valuable
• Understanding of non-standard capital and reinsurance structures valuable
• Ambitious and self-motivated with ability to work on own initiative/prioritise workload to strict deadlines
• Strong communication and presentation skills

Work Level: Manager / Expert

Recruiter: Amy Curtis

Location: London

Closing Date: 03/02/2025

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]