Job Description

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through 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.

Your Role Will Encompass:

• Business Alignment: Develop a strong overview of M&G plc’s business, gaining deep knowledge of new products and markets to tailor solutions to business needs.
• Innovation and Implementation: Support design and implementation of valuation processes to ensure new products are financially sound and commercially viable.
• Communication and Collaboration: Explain complex financial concepts to experts within and outside of finance, value new products and integrate financial solutions into broader business strategies.
• Ownership and Creativity: Take ownership of a solution from design through to implementation, utilising creative thinking and problem solving skills to deliver individual valuation solutions while also driving forwards the bigger picture goal of delivering a more efficient and robust end-to-end reporting process.
• Co-ordination of strategic implementation: Support the successful transition to strategic solutions; aiming to move away from short-term spreadsheet solutions and instead into established actuarial data, modelling and reporting processes.

Key Responsibilities:

• Quickly understand new concepts, methodology and actuarial processes.
• Explain complex product design and financial concepts to experts across actuarial and finance and contribute to product design.
• Collaboratively design detailed strategic reporting solutions and write requirements for the teams owning the affected processes, taking this through appropriate review and governance.
• Work collaboratively with colleagues and take overall accountability to deliver strategic solutions efficiently and in a well-controlled way for a given project. This includes oversight of testing and ensuring a smooth implementation experience for all teams involved.
• Engage with project managers and stakeholders in Finance and the wider business to track new development areas, present Actuarial Model and Valuations views, and identify dependencies to reduce blockers.
• Challenge the status quo, embrace change, strive for continuous improvements, and remain responsive to future business requirements.

Stakeholder Management:

• Engage with Finance BAU teams to understand existing methodology, processes, and controls and how a new project or product might change this.
• Issue solution design and requirements documentation for review and take to appropriate forums for discussion and approval.
• Handover solutions to BAU to mitigate risks and ensure smooth transitions.

Key Knowledge, Skills & Experience:

• Strong knowledge of financial services, regulatory and statutory frameworks (Solvency II, IFRS), and external reporting requirements.
• Strong verbal and written communication skills, including experience of delivering and/or presenting reports to committees or senior management.
• Experience in leading a project or piece of work and implementing changes to actuarial processes.
• Experience using technologies to develop and improve processes.
• Experience leveraging business understanding and finance knowledge to support the business and make insightful recommendations.
• Ability to produce high-quality technical work within a controlled environment.
• Working knowledge of governance, risk, and compliance processes.
• Preferred expertise in any of the following areas: Matching Adjustment, Solvency UK capital, IFRS 17, Reinsurance valuation processes, Bulk Purchase Annuities, actuarial modelling.

Qualifications:

• Qualified actuary with at least 8 years’ experience in a UK life insurer.

Work Level: Experienced Colleague

Recruiter: Matt Campbell

Close Date: 15th April 2026

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee ContributionsWe also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.

• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.

• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.

• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

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

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: careers@mandg.com