Actuary (12 month fixed term)

Job content

At M&G our vision is: to become the best loved and most successful savings and investment businessand we’re looking for people who are excited about joining us on our journey. We’re digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision we’re looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.

We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home 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.

What You Can Expect From Us

We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:

• Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
• Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
• Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
• Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best
  

How Do We Support Our Employees

All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualified professionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support.

Role Context

• The role is for a 12-month secondment for a senior role in the Reinsurance & Bulks Team within FROISS, Actuarial M&A and Support
• The candidate will be Experienced Colleague level and be a Qualified or Newly Qualified Actuary.
• The team is responsible for the ongoing management of our suite of reinsurance treaties and bulk annuity contracts.
  

Experienced Colleague

Work Level Responsibilities:

• Delivers and presents outputs that are clearly defined, using discretion over how to achieve them.
• Accountable for providing a quality service to stakeholders, using skills/experience built through significant practical experience or training.
• Has worked in environments which span across group functions and locations. Works within established frameworks and procedures, with the freedom to interpret them to solve a range of problems.
• Makes suggestions for improvements to the work practices and produces of other teams, based on previous experience and knowledge of similar situations.
  

Bau

Role Responsibilities:

• The team carries out several key contractual calculations needed to support our bulks and annuity longevity swap contacts. The individual will carry out a checker / reviewer role and present results to the Head of Actuarial Methodology & Assumptions, Capital Models and Support
• Supervise delivery of key governance tasks
  

Projects

• The individual will support key commercially important strategic projects impacting reinsurance and / bulk annuity contracts
• The individual will be ideally placed position to influence direction of key M&G projects ensuring that propositions are operationally viable
• operational requirements are understood and can be delivered
• actuarial processes to deliver any required contractual tasks can be set up
• Experience in reviewing complex treaties / contracts would be useful
  

Recruiter: Matt Campbell

Role Level: Experienced Colleague

Closing Date: 31/07/2022

We live by four behaviours at M&G and we ask all our employees to:

• Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
• Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
• Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
• Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things