Pricing Actuary, Individual Annuities

Pricing Actuary – Individual Annuities

We aim 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.

We are seeking a Pricing Actuary to join our Individual Annuities Pricing & Development team, reporting directly to the Head of Retail Annuity Pricing. The role supports new product launches, market positioning and the development of a dynamic pricing framework.

• Lead pricing activity for Individual Annuity products, translating strategy into competitive and commercially sound pricing decisions.
• Monitor performance by analysing sales volumes, profitability, and our competitive position in the market.
• Support the development of an active, dynamic pricing framework with frequent repricing.
• Influence pricing assumptions through detailed experience analysis and market insights.
• Drive improvements in pricing models and infrastructure, including the adoption of new technologies and tools.
• Collaborate cross‑functionally with teams across Finance, Investments, Risk, Propositions, and external partners.
• Present insights and recommendations to senior stakeholders, forums, and committees.
• Mentor and support junior colleagues, contributing to a high‑performing and collaborative team culture.

• Commercially minded actuary with strong technical expertise and a passion for product development.
• Qualified actuary preferred; strong, hands‑on pricing experience also acceptable.
• Experience in individual annuities pricing is ideal, but related pricing or analytical actuarial roles are welcome.
• Strong analytical and problem‑solving skills, with the ability to interpret complex data and translate it into actionable insight.
• Experience in data analysis, trend modelling, and statistical techniques.
• Excellent communication skills, capable of conveying technical concepts clearly to non‑technical audiences.
• Collaborative mindset, comfortable working across multiple teams and stakeholders.
• Proactive and adaptable, able to respond to changing priorities with pace and confidence.
• Experience with Python is a plus, but not essential.

• Be part of a growing and ambitious annuity business with significant investment and opportunity.
• Shape new product launches and influence strategic market entry into Lifetime Annuities.
• Work in a team that values innovation, collaboration, and continuous improvement.
• Gains visibility and impact through senior stakeholder engagement.
• Develop your career in a role that blends technical excellence with commercial influence.

Job Level: Experienced Colleague

Location:

Edinburgh (strong preference for Edinburgh, exceptional candidates based in Stirling, or, homeworking with the ability to commute to an office may be considered)

We have a diverse workforce and an inclusive culture at M&G, 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, disability or long‑term condition, we are looking to attract, promote and retain exceptional people. M&G is also proud to be a Disability Confident Leader and welcomes applications from candidates with long‑term health conditions, disabilities, or neuro‑divergent conditions.