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Actuary – Pensions, Business Development
M&G plcJoin M&G’s Finance Business Development team as an Actuary contributing to bulk annuity propositions. Ideal for actuaries looking to broaden expertise in pensions and insurance.
About the role
Key responsibilities & impact- Provide actuarial input into the analysis and assessment of BPA product features
- Assist in the development of pricing, valuation, and modelling assumptions for BPA liabilities
- Support the creation of financial models and scenario analyses to inform senior decision-making
- Contribute to risk assessments and ensure alignment with regulatory, capital, and governance frameworks
- Prepare clear and concise documentation, presentations, and recommendations for stakeholders
- Maintain awareness of market trends in DB pensions, de-risking, longevity, and insurance-based solutions
- Collaborate with BAU and Finance teams to ensure smooth transition of new processes into ongoing operations
- Drive improvements to actuarial controls, data quality, and process efficiency
- Opportunities to support across our wider product suite outside of bulk annuities
Requirements
What you’ll need- Experience in DB pensions, such as scheme valuations, funding advice, risk transfer, bulk annuities
- Understanding of life insurance valuation or an interest in transitioning into insurance-based actuarial work
- Strong communication skills, with the ability to convey complex concepts to non-technical audiences
- Ability to apply actuarial judgement to commercial, strategic, and uncertain environments
- Experience working within strong governance frameworks and managing actuarial risk
- Ability to prioritise effectively, work independently, and manage competing deadlines
- Strong analytical skills and familiarity with actuarial modelling tools/software
- Knowledge of Solvency II, IFRS 17, or insurance reporting (desirable but not essential)
- Fellow of the Institute and Faculty of Actuaries or close to qualification
Benefits
Comp & perks- Valuable pension scheme of 18% (13% Employer Contributions and 5% Employee Contributions)
- Share Save and Share Incentive Plan
- Access to financial wellbeing and support services
- 38 days annual leave including bank holidays with the opportunity to purchase up to 5 extra days
- Additional flexibility through Time Off When You Need It policy
- Comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave
- Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance with family options
ATS Keywords
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Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
actuarial modellingpricingvaluationrisk assessmentfinancial modelingscenario analysisdata quality improvementactuarial judgementgovernance frameworksanalytical skills
Soft Skills
communication skillsindependent workprioritizationstakeholder engagementpresentation skillscollaborationprocess efficiencystrategic thinkingtime managementproblem-solving
Certifications
Fellow of the Institute and Faculty of Actuaries