Actuary - Business Development

Location: City of Edinburgh

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 also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

Role

Summary:

Join M&G’s Actuarial Business Development team to support the company’s ambitious and innovative new business plans. This team sits within the wider Finance team and plays a pivotal role in designing, valuing, and implementing new propositions and products. The successful candidate will provide actuarial valuation expertise during the design and tactical valuation implementation of innovative solutions for financial reporting.

Your Role Will Encompass:

Business Alignment:
Develop a strong overview of M&G plc’s business, gaining deep knowledge of new products and markets to tailor solutions to business needs.

Innovation and Implementation:
Support design and implementation of valuation processes to ensure new products are financially sound and commercially viable.

Communication and

Collaboration:

Explain complex financial concepts to non-finance experts, value new products and integrate financial solutions into broader business strategies.

Ownership and Creativity:
Take ownership of a solution from design through to implementation, utilising creative thinking and problem solving skills to deliver individual valuation solutions while also driving forwards the bigger picture goal of delivering a more efficient and robust end-to-end reporting process.

Support Tactical to Strategic Implementation:
Support the successful transition of business development tactical solutions to strategic BAU led solutions.

Key Responsibilities:

Explain complex financial concepts to non-finance experts and contribute to product design.

Quickly understand and adopt new concepts.

Drive business growth by supporting the Proposition team to design innovative, efficient, and financially sound product solutions.

Support delivery of solutions for new propositions/products efficiently and commercially.

Engage with stakeholders in Finance and the wider business to track new development areas, present Actuarial Model and Valuations views, and identify dependencies to reduce blockers.

Liaise with the wider Finance team to provide high-quality actuarial reporting input, including Solvency II and IFRS 17 reporting.

Challenge the status quo, embrace change, strive for continuous improvements, and remain responsive to future business requirements.

Work collaboratively with colleagues and take accountability to maintain and enhance controls to support improvement of the overall control environment, customer outcomes, and reduce operational risk.

Stakeholder Management:

Engage with Finance BAU teams to understand existing methodology, processes, and controls.

Handover solutions to BAU to mitigate risks and ensure smooth transitions.

Key Knowledge,

Skills & Experience:

Strong knowledge of financial services, regulatory and statutory frameworks (Solvency II, IFRS), and external reporting requirements.

Experience in preparing financial information for internal and external reporting, including capital reporting.

Strong verbal and written communication skills.

Knowledge of life and pensions products, markets, and competitors.

Working knowledge of governance, risk, and compliance processes.

Understanding of commercial implications of decisions.

Experience using technologies to develop and improve processes.

Experience leveraging business understanding and finance knowledge to support the business and make insightful recommendations.

Ability to produce high-quality technical work within a…