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M&G plc

Actuary (12 mth FTC)

M&G plc.
Stirling, United Kingdom
Posted 4 days ago Permanent Competitive
Actuary (12 mth FTC)
At M&G our vision is: to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision we're looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.

We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home 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.

What you can expect from us:
We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:
  • Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
  • Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
  • Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
  • Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

How do we support our employees:
All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualified professionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support.

The Role:
This role is to assist the Chief Actuary in fulfilling their statutory and other business responsibilities by ensuring the appropriateness of the methods, models and assumptions for technical provisions and to assess sufficiency and quality of data for technical provisions. You will provide opinions on underwriting and reinsurance and produce the Actuarial Function reports, including reports setting out the Chief Actuary's view of the methods, assumptions and results of the valuations produced by Finance. You will also assess the adequacy of the methods and assumptions used to calculate capital requirements and develop the capability and processes required to comply with the Solvency II regulatory requirements in relation to the actuarial function.

Key Responsibilities:
  • If you're responsible for any legal agreements with third parties then you must make sure these are managed according to the Managing Contractual Relationships Framework. You'll find your responsibilities as an expenditure authoriser set out in the financial procedures manual for your business (e.g. Prudential UK & Europe, PIA, PPMS)
  • Make sure that all personal expenditure, and contractual and legal agreements are authorised, controlled and monitored according to our delegated authority requirements
  • Understand our Code of Conduct and how it applies to your work. Comply with all relevant policies, including mandatory training
  • Use your judgement to strengthen our positive risk and control culture, by identifying, assessing and managing risk within your business area
  • Take all reasonable steps to make sure your business area fulfils its external regulatory, legal and industry obligations

Skills & Experience:
  • Experience of drawing conclusions from complex > data sources
  • Some experience of taking complex and ambiguous problems and quickly generating practical solutions
  • Experience of constructively challenging and influencing a range of peers and stakeholders, including some outside of immediate function
  • Some experience of financial reporting and actuarial modelling for a life Insurance company
  • Some experience of communicating complex problems and issues effectively and succinctly to a variety of peers and managers

Knowledge:
  • Working knowledge of the financial dynamics of the business and how key factors influence the various financial measures
  • Working knowledge of analytical techniques and the ability to apply these to practical situations
  • Working knowledge of Prudential products, systems and distribution methods
  • Detailed knowledge of regulatory frameworks applicable to the UK business
  • Working knowledge of actuarial professional standards and codes
  • Understanding of the Statement of Principle and Code of Practice

Professional Qualifications:
  • Qualified or near Qualified Actuary, a Fellow of the Institute & Faculty of Actuaries that follows the continued Professional Development requirements where relevant

Recruiter: Amy Curtis
Work Level: Experienced Colleague
Location: UK

We live by four behaviours at M&G and we ask all our employees to:
  • Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
  • Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
  • Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
  • Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things
Job ID  R08891
ABOUT COMPANY
London, United Kingdom
5500 Employees Investment Banking / M & A
M&G plc is an international savings and investments business, managing money for around 5 million retail customers and more than 800 institutional cli...
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