Actuarial Solutions Manager - London, United Kingdom - eFinancialCareers
Description
At M&G our purpose isto 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.
Actuarial Solutions Manager:
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.
This includes:
- Developing, marketing and implementing derisking / covenant enhancement solutions involving insurance risk transfer for Defined Benefit pension schemes
- Coordinating strategy, building and advising on suitable product, ensuring best in class client service and developing new and existing business
Reporting to the Pricing Director, this role is focused on supporting various stakeholders within the CRIS team in pricing and structuring on-balance-sheetinsurance and risk transfer products.
However, commensurate with their experience, skill set, and interests they will be involved in diverse projects and have the opportunity to shape the development of their role as products are launched and the team grows.
Full study support will be included.Key Responsibilities for this role:
- Supporting the development of new propositions through building, testing and reviewing pricing models across the CRIS proposition range
- Reviewing, challenging and enhancing technical work carried out by external consultants, internal support teams and junior actuaries
- Working with colleagues from across the business to integrate commercial, pricing and structuring workstreams into all aspects of product development
- Supporting directors and senior stakeholders with technical analysis and ad hoc queries
- Ensuring that target delivery timescales are achieved and that any delays are proactively managed
- Where of interest, working closely with the Distribution team to help develop relationships with clients, prospects and intermediaries
Key Knowledge, Skills & Experience:
- Commercially minded student actuary (or newly qualified actuary) with exceptional technical skills
- Knowledge of Solvency II for life insurance, in particular balance sheet construction, liability discounting, asset strategy & ALM preferred
- Ambitious and selfmotivated with ability to work on own initiative/prioritise workload to strict deadlines
- Strong communication and presentation skills
- Experience of developing/structuring and pricing institutional insurance products
- Experience of VBA or actuarial modelling software beneficial
- Understanding of nonstandard capital and reinsurance structures beneficial
- Understanding of bulk annuity pricing beneficial
- Understanding of DB pensions beneficial
Work Level:
Experienced Colleague
Location:
London (hybrid / flexible)
Recruiter:
Amy Curtis
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.
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