Senior Actuarial Manager - Stirling, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

Stirling, United Kingdom

2 weeks 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 clientsand 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; deliverresults 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.

Context for the role:

The Chief Actuary is a statutory role that focuses on ensuring the financial wellbeing of the M&G's insurance business and forms part of our Risk and Compliance function.

The Chief Actuary is responsible for the Actuarial Function, as defined under SolvencyII.
An opportunity has arisen for a Senior Actuarial Manager to join the Chief Actuary Team.

You will lead the team that assists the Chief Actuary to carry out his/her statutory duties and the duties of the Actuarial Function, with a focus on with-profits businessof M&G.

The Senior Actuarial Manager is expected to be proactive and a self-starter, proposing solutions to complex problems and able to move easily across multiple stakeholders within finance, risk and other business areas as appropriate.

The individual must be confidentin presenting to Executive level and Board level committees with the appropriate gravitas whilst also be able to effectively manage the team to meet challenging timelines and multiple priorities.

Purpose statements:

To work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customers outcomes and a reduction in M&G UK's operational riskprofile.
To lead the team providing review and challenge of withprofits business on behalf of the Chief Actuary.
To provide the appropriate support to the Chief Actuary so that he/she can discharge his/her statutory and professional responsibilities, including:
monitoring the company's solvency and financial strength (including reviewing the company's Solvency II valuations), assessing the adequacy of new business pricing, underlying and reinsurance arrangements.

- reviewing other management activities for their impact on solvency and financial strength.
- providing advice to management, relevant Boards and Committees
- supporting the Risk Function and contributing to the implementation of the Internal Model
- ensuring compliance with statutory and professional standards.
- working with the business to ensure the right outcomes for customers.

Knowledge statements:

Expert knowledge of Solvency II regulations
With a particular focus on withprofits business, detailed knowledge of M&G Prudential's

- products and systems
- assets and investment strategy
- drivers of group wide KPIs
- understanding of the Group-wide standards and operating codes and practices (where relevant to the role)

Detailed knowledge of actuarial profession's standards and codes of conduct

Experience statements:

Significant experience in the financial reporting and actuarial modelling of life assurance liabilities, with a particular focus on withprofits business
Experience in leading actuarial programs where new methodologies, frameworks and concepts are created, deployed and operationalised
Experience in coaching and guiding others in using advanced actuarial principles and methodologies to solve complex or unique problems and in ambiguous or unique situations
Experience in constructively challenging and influencing a range of peers and stakeholders, using multiple strategies to gain stakeholder support for change

Personal attributes/skills:

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 work across technical and nontechnical business areas
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 influence and negotiate at all levels of the organisation, including internal and external
Ability to challenge decisions, setting out clearly the rationale for the challenge and clearly communicating own point of view
Be confident and show gravitas
Ability to communicate vision to gain support and motivate others to build a sense of shared purpose
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 and drive these to resolution
Ability to manage multiple demands from different senior stakeholders both internal and external, operating in a fast moving and sometimes ambiguous environment
Driven to embed best practice

Qualifications:

Fellow of the Institute and Faculty of Actuaries (or equivalent actuarial qualification)

Work Level:
Integration Lead

Recruiter:
Helen Simons

Closing Date - 2nd March 2023

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.