Actuarial Specialist

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, the team is adding headcount in a number of areas.

• Management of the post sale pricing process. This includes compliance with all contractual terms, management of the CPS post sale pricing, completion of all key controls, validation of the output from the pricing team and production of sign off documents for the CPS MD.
• Key point of contact for the development of methodology for all CPS member option calculations.
• Own the deal Matching Adjustment deal approval process including production of paper to the Matching Adjustment Group (MAG).
• Broader support within the CRS Operations team to deliver and maintain BPA business.
• Development of scalable solutions including the development of robust processes and controls.
• Liaise with internal and external stakeholder on challenges to assumptions and calculations.
• Drive continuous improvement through innovation and the seeking out and acting on new opportunities.
• Provide management information to appropriate governance forums.
• Support the delivery of other elements of the CPS business plan.

• Strong analytical actuarial skills.
• Qualified actuary preferred, however we welcome part‑qualified candidates to apply.
• Financial Services & Insurance knowledge, especially around defined benefit pension de‑risking, with profits and reinsurance.
• Experience of managing a number of internal parties to ensure delivery of contractual deliverables.
• Passion for the customer.
• Pension Technical knowledge.
• Effective written and presentation skills.
• High degree of honesty, integrity and discretion.

Location:

Reading / London

Work Level: Experienced Colleague

Closing Date: 23/07/2026

At M&G, we’re 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:

• A pension scheme of 18% (13% employer contributions and 5% employee contributions).

• Share Save and Share Incentive Plan, together with access to financial wellbeing and support services.

• 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and flexibility through our Time Off When You Need It policy.

• Inspiring Families policy with comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.

• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options.

We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee‑led networks which 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. We also welcome those who have served or are returning from military service.

We welcome applications from candidates with long‑term health conditions, disabilities or neuro‑divergent conditions.