Senior Results Reporting Actuary

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.

Job Description

This role sits within Group Finance and plays a critical part in the integrity consistency and communication of the Groups key performance metrics. The Senior Results Reporting Actuary is responsible for providing deep subject matter expertise across Group reporting metrics supporting robust results production and ensuring clear high quality explanations of performance to senior stakeholders and the external market. The role reports to the Head of Group Results and Analysis and interacts regularly with senior finance and business leaders.

Main Responsibilities

• Act as a subject matter expert on the methodology underpinning key Group performance metrics supported by a good technical understanding of IFRS 17 and Solvency II reporting requirements including:
  • Adjusted operating profit and Operating change in CSM
  • Capital Generation and Solvency II
• Support the quarterly production of Group results across all relevant metrics ensuring accuracy consistency and clear linkage between measures This includes production of results packs and analysis for senior stakeholders.
• Assist the Head of Group Results and Analysis with the application of methodology for new products segments and transactions ensuring impacts are well understood and appropriately reflected in Group metrics.
• Develop a deep understanding of planning assumptions across all Group metrics that feed into forecasts and the outturn process. influencing and challenging inputs as necessary to improve alignment between forecasts and actuals.
• Draft narrative for semi-annual Business and Financial Reviews and Q1 and Q3 trading updates as required clearly explaining performance and movements in key metrics to the market.
• Act as a subject matter expert on assigned Group reporting metrics confidently discussing methodology assumptions and results with senior stakeholders.
• Provide oversight challenge and support the governance over actuarial methodology and assumptions working closely with the Methodology and Assumptions team. Own the assumption setting for group overlays to business unit methodology and assumptions.

Key Knowledge Skills and Experience

• Ability to develop indepth understanding of Group performance metrics and how they are used to manage the business.
• Good understanding of IFRS 17 and Solvency II r requirements and their application
• Experience supporting the production of Group-level financial and actuarial results.
• Ability to apply complex methodologies to new and evolving business activities.
• Strong analytical skills with the ability to interpret data and explain outcomes clearly.
• Proven capability to produce high quality written narratives for external and senior internal audiences.

Suggested Essential Skills

• Actuarial and financial reporting expertise
• Analytical thinking and problem-solving
• Clear written and verbal communication
• Results reporting and performance analysis
• Influencing and stakeholder engagement
• Clear concise written communication
• Judgement and attention to detail

What we offer:

At M&G were committed to helping you thrive and supporting your wellbeing both at work and beyond. Our benefits are designed to help you balance your professional and personal life while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%
  with 13% made up of Employer Contributions and 5% Employee…