Associate Pricing 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.

Looking to kick‑start or accelerate your actuarial career in a role that blends technical depth with real commercial impact? At M&G Life, we’re growing—and fast. Our Individual Life & Pensions (IL&P) division is entering an exciting new phase, with major product launches on the horizon including a new Onshore Bond, expansion of our market‑leading Pru Fund proposition, and entry into the Lifetime Annuity market.

To support this ambition, we’re expanding our Pricing team across both Savings and Annuity products—and we’re looking for talented Associate Actuaries (or those on the journey) to join us.

This is a fantastic opportunity to gain exposure across a broad range of products and pricing challenges in a collaborative, forward‑thinking environment. You’ll play a hands‑on role in shaping pricing strategies, supporting new product launches, and building the tools and insights that drive business decisions. You’ll initially join either our Savings or Annuities team, with opportunities to rotate and broaden your experience over time.

• Produce new business pricing for Savings and Individual Annuity products
• Own and deliver regular Management Information (MI) to track performance and inform decisions
• Analyse experience and market data, contributing to pricing assumption reviews
• Build and enhance models, improving pricing capability and efficiency
• Support the implementation and testing of calculations within IT systems
• Contribute to the development and launch of new products
• Work closely with teams across Finance, Propositions, Investments, Risk, and external partners

• A student actuary or recent graduate with a strong academic background and a passion for actuarial work
• A commercial mindset, with an interest in how pricing decisions drive customer value and business growth
• Strong analytical and problem‑solving skills, with the ability to interpret complex datasets
• Experience with data analysis, trends, and statistical techniques
• Clear and confident communication skills, able to explain technical concepts to non‑specialists
• A collaborative approach and eagerness to learn from cross‑functional teams
• Proactive and adaptable, comfortable working in a fast‑paced environment

• Experience in pricing individual life products
• Familiarity with Excel and VBA
• Exposure to Python or other programming tools

• Be part of a high‑growth business with exciting product launches and strategic expansion
• Gain exposure across both Savings and Annuities, building a well‑rounded actuarial skillset
• Work in a team that values innovation, development, and continuous learning
• Enjoy real ownership and visibility, with opportunities to influence key decisions early in your career
• Develop within a supportive environment committed to actuarial study and progression

If you’re looking for a role where your technical skills meet commercial impact—and where you can grow alongside an ambitious, evolving business, apply now!

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:

• As a savings…