Pricing Director

At M&G, 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 offer workplace adjustments to ensure you have the support you need to succeed in your role.

Corporate Pension Solutions (CPS) is a division within M&G Life with a remit to design and deliver bulk purchase annuities and alternative de-risking products for Defined Benefit pension schemes. Due to ongoing success and a strong opportunity set, the team is adding headcount in a number of areas.

The remit of the Pricing team is broad and the successful candidate will have exposure to an extremely wide variety of projects. CPS has ambitious new business targets and is looking for exceptional people who will help deliver results.

• Leading end-to-end pricing for BPAs and other de risking solutions
• Working with colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, reinsurance, balance sheet management and structuring work streams into pricing projects
• Supporting senior stakeholders across M&G Life with technical analysis, strategy, business planning and ad hoc queries
• Supporting distribution and transaction management colleagues with the production of high quality client deliverables and wider relationship management activities
• Leading the development of new and enhanced modelling capability, including tech solutions across the CPS pricing infrastructure
• Manage commercial outsourcing arrangements
• Leading the ongoing pricing development of novel bulk annuity transaction structures, reinsurance solutions, and new product lines
• Leading Pricing projects run in partnership with the Treasury and Investment Office, Finance Strategy & Finance Reporting teams
• Study mentoring and wider development support to junior team members
• Opportunity but not requirement for line management

• Commercially minded Actuary with exceptional technical skills
• Experience of bulk annuity pricing, funded reinsurance, longevity reinsurance, or life insurance balance sheet management required
• Understanding of UK DB pensions valuable
• Understanding of Solvency II/UK for life insurance, in particular balance sheet construction, liability discounting, asset strategy & ALM valuable
• Experience of developing/structuring and pricing institutional insurance products valuable
• Understanding of non-standard capital and reinsurance structures valuable
• Ambitious and self-motivated with ability to work on own initiative/prioritise workload to strict deadlines

Amy Curtis

Manager / Expert

London or Edinburgh

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We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future.

Our UK benefits include:

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services to help give you real confidence to put your money to work.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and…