Actuary – With-Profits

·
Full time
Location: Stirling
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Job offered by: ENGINEERINGUK
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Category:
You will need to login before you can apply for a job. 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. The Team The With-Profits Actuary (WPA) team, which sits within the Commercial Finance team, serves the following purposes: The team provides expert with-profits knowledge to inform key business decisions, delivered through a comprehensive understanding of the investment strategy, bonus policy, capital and expense drivers, and profitability of the with-profits business. Reviewing and challenging initiatives and changes proposed by the business to the extent they impact the with-profits funds and policyholders. Enabling the statutory role of the With-Profits Actuary to be fulfilled in connection to the With-Profits business, with a view to safeguarding policyholders' interests and ensuring they are treated fairly. The role The Actuary - With-Profits will act as a key support to the Senior Actuary - With Profits, providing expert technical advice on issues arising within the context of M&G's With-Profits business and the ongoing strategic management of the With-Profits funds. The role holder will have a good understanding of the M&G With-Profits funds and related processes, and an appreciation of how decisions affect policyholder outcomes and the implications for treating policyholders fairly. They will be expected to review and draft papers for committees and senior management, and to attend meetings or committees to represent the WPA team and Finance. Experience : Experience of using understanding of the business linked with finance knowledge to support the business, making recommendations and helping to originate creative solutions. Experience of With-Profits fund management including investment strategy and capital management, and an appreciation of how they affect policyholder outcomes and the implications for treating policyholders fairly. Experience of providing guidance and advice to the business on actuarial issues. Experience of simply communicating complex financial information to stakeholders. Experience of writing Board level reports and papers. Experience of coordinating activities across multiple Finance teams to ensure the needs of business stakeholders are met. Experience of advising on the commercial implications of decisions. Experience of reviewing, analysing and effectively challenging results. Experience of approaching complex issues from different angles, explaining the cause and effect of situations. Experience of considering different future scenarios, opportunities and risks to generate creative solutions and operational plans that align with M&G's strategy. Knowledge : Knowledge of financial services regulatory and legislative frameworks. Knowledge of actuarial professional standards and codes. Working knowledge of With-Profits business and industry best practice. Working knowledge, expertise, and experience in financial reporting and product pricing. Awareness of Group and external developments and ability to identify, recommend and implement improvements to processes and policies in line with these. Knowledge of life and pensions products, markets, and competitors. Personal attributes: Adept at building strong relationships. Ability to show sound, reasoned judgement. Ability to anticipate key stakeholders' perspectives and appreciate alternative viewpoints when challenged. Ability to assess and react quickly and decisively to problems once identified and to take tough decisions based on well thought through principles where required. Ability to challenge decisions, setting out clearly the rationale for the challenge and clearly communicating own point of view. Ability to communicate complex issues to peers and other senior stakeholders in a simple and succinct manner. Ability to generate ideas and options to address complex issues. Qualifications : Qualified Actuary. Work Level: Manager / Expert Recruiter: Matt Campbell Close Date: 27th January 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: careers@mandg.com

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