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Senior Pricing Associate - London, United Kingdom - M&G plc

M&G plc

Verified Company

London, United Kingdom

1 month ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

At M&G our purpose is to help people manage and grow their savings and investments, responsibly.

As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clients and identifying new opportunities to make a positive impact for our environment and communities.

To help us achieve our vision we're looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliver results and keep it simple.

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.

Senior Pricing Associate, CRIS

The Corporate Risk and Investment Solutions (CRIS) team was formed in 2021 in order to maximise M&G's competitive advantage as both asset owner (Insurer) and asset manager.

It has a broad remit to grow global insurance AUM through designing and delivering products/solutions, including for defined benefit pension schemes.

Due to ongoing success and a strong opportunity set, the team is adding headcount in a number of areas.

This role is focused on producing buy-in and buyout quotes of the highest quality in a timely manner, enhancement of the bulk annuity pricing framework, and development of wider CRIS solutions, including unique transaction structures not yet brought to market.

CRIS has ambitious new business targets and is looking for exceptional people who will help deliver results. Full study support will be included.

Key Responsibilities for this role:

Endtoend production of buyin and buyout quotes, including checking and delegation of work to junior team members
Working with colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, project management and structuring workstreams into pricing
Supporting directors and senior stakeholders with technical analysis, strategy, business planning and ad hoc queries
Supporting distribution and transaction management colleagues with the production of high quality client deliverables and wider relationship management activities
Supporting the development of new and enhanced modelling capability, including tech solutions across the CRIS pricing infrastructure
Supporting the ongoing development of novel bulk annuity transaction structures, reinsurance solutions, and new product lines
Study mentoring and wider development support to junior team members

Key Knowledge, Skills & Experience:

Commercially minded nearly or newly qualified actuary with exceptional technical skills
Experience of bulk annuity pricing (buy or sellside) strongly preferred
Understanding of UK DB pensions preferred
Understanding of Solvency II for life insurance, in particular balance sheet construction, liability discounting, asset strategy & ALM preferred
Experience of developing/structuring and pricing institutional insurance products beneficial
Understanding of nonstandard capital and reinsurance structures beneficial
Ambitious and selfmotivated with ability to work on own initiative/prioritise workload to strict deadlines
Strong communication and presentation skills
Experience of VBA or actuarial modelling software beneficial

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 or disability 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.