At M&G

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 offer workplace adjustments to ensure you have the support you need to succeed in your role.

The Role

There is an exciting opportunity to support work on M&G’s Liabilities Valuation team. This role sits within the Actuarial Liability Valuation team within the wider M&G Actuarial Model and Valuations team. The Actuarial Liability Valuation Team focuses on the valuation of M&G Life and Pensions business which includes annuities, with-profits and unit-linked products. This role requires a qualified/nearly qualified actuary who has practical experience of UKGAAP, IFRS 17 and Solvency II financial reporting mainly for annuities business and will include the opportunity to:

• Develop an understanding of the M&G's non-profit annuity business, key features of products and liabilities, sensitivities to key risk drivers.
• Develop an understanding of the yield calculation under different metrics.
• Develop an expertise in documenting, explaining and presenting results to key stakeholders.
• Work with colleagues across other areas within Finance and Risk to support delivery of financial reporting in line with regulatory deadlines.

Key Responsibilities

• Accountable for providing a quality service or products to customers and stakeholders, using skills/experience built through significant practical experience.
• Works within established frameworks and procedures, with the freedom to interpret them to solve a range of problems.
• Delivers outputs that are clearly defined, using discretion over how to achieve them.
• Makes suggestions for improvements to the work of the team, based on previous experience and knowledge of similar situations.
• To produce and be accountable for understanding and explaining the change in matching adjustment assumption and liabilities to key stakeholders with clear controls.
• To support the Manager of annuities liability valuation team on delivery of all key deliverables, supporting ongoing development and/or embedding of strategic solutions related to new propositions.
• To provide technical expertise to design technical solutions as part of change projects within M&G UK Finance Reporting where required.