Actuarial Calculations Specialist

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.

Role Summary:

These roles form part of an expanding team working to resolve our Notifiable Events and ensure that we deliver the right outcomes for all customers.

Key responsibilities:

- Working within a project team to support all Actuarial elements of customer calculations Notifiable Events.
- The role requires ability to understand Actuarial calculations based documents and respond to complex technical queries.
- The individual needs to be able to review detailed calculations and translate to a diverse range of individuals, e.g., IT, project managers, actuaries.
- Strong team player, with ability to work in a team or on a project single handed.
- Ability to work under pressure: dynamic, shows resolve and can adapt to evolving situations.
- Good level of interpersonal and networking skills, to develop effective working relationships with team colleagues and internal/external business contacts.

Problem Solving:

- Ability to confidently express own viewpoint and to clearly and simply communicate actuarial issues within their team.
- Strong problem solving capabilities and to build individual tools for reconciliation of results.
- Seek and act on opportunities to develop technical and business understanding.
- Ability to develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met.
- Strong project and people management skills and an ability to structure task allocations around critical goals.

Working Together:

- Ability to work in agile structure to provide regular team updates.
- Ability to plan and prioritise own workload.
- Ability to deliver on multiple tasks to demanding timescales.
- Communicate effectively with others, develop positive networks and working relationships.

Knowledge / Skills:

- A numerical based degree or Post Graduate qualification.
- Ability to work both independently and as part of a cross-site team (UK and India).
- Strong communication skills to explain complex solutions to colleagues without Actuarial knowledge.
- Technical understanding of various tools and techniques used e.g. Excel, SQL, Visual Basic, Python, Power BI and or other relevant Actuarial applications.
- Ability to handle big data.
- Good knowledge of M&G insurance business with ability to understand Actuarial terms and calculations.
- Strong communication skills – written and verbal.
- Good planning and problem solving skills.
- Proactive risk management approach and experience in delivering good customer outcomes

What we offer:

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 paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
- Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.

M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.

We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: [email protected]