Qualified Actuary

Job Description

At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clientsand identifying new opportunities to make a positive impact for our environment and communities . To help us achieve our vision were looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliverresults and keep it simple. 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. Context for the role: An excellent opportunity has arisen for a Qualified Actuary to join the Shareholder Solvency II (SII) Consolidation Team. This role will have a blended approach between working from home and one of our offices in Stirling or Edinburgh. In this role you will support the delivery of accurate and well explained consolidated quarterly valuation results including PAC Shareholder, PPL and M&G plc SII and Capital Generation results, Analysis of Change, TMTP recalculations, Pillar 3 QRT reportingand production of solvency estimates as required. Work Level Accountabilities: Experienced Colleague:

• Accountable for providing a quality service or product to customers and stakeholders, using skills/experience built through significant practical experience or training
• For team leaders, accountable for ensuring the team the role supports is delivering a quality service or product
• Works within established frameworks and procedures, with the freedom to interpret them to solve a range of problems
• Delivers outputs that are clearly defined, using discretion over how to achieve them
• Makes suggestions for improvements to the work of the team, based on previous experience and knowledge of similar situations

Key Responsibilities:

• To support the Shareholder SII Consolidation Actuary in the production of PAC Shareholder and M&G plc Solvency II valuation results, Capital Generation and Pillar 3 QRTs for all reporting periods. Also the production of PAC Shareholder and M&G plc daily/weekly/monthlysolvency estimates as required.
• Produce quarterly SII / Capital Generation results packs which are well understood and explained, including analysis of change in surplus.
• Produce quarterly and annual actuarial QRTs.
• Produce results timely within the Working Day Timetable.
• Communication of the results with key stakeholders including Senior Leadership, Chief Actuary team and Risk.
• Support the production of the solvency estimate and analysis of the estimate against actual results.
• To maintain effective working relationships with other teams in Finance, Risk and Group Reporting.
• Other support to Finance reporting initiatives as required.

Experience, Skills and Knowledge:

• Be a qualified actuary with post qualification experience.
• Have experience of Solvency II reporting requirements.
• Have knowledge of insurance products and systems.
• Have experience of the production and delivery of financial reporting in a life organisation.
• Be highly analytical and a skilled problem solver, with a strong commercial mind-set, and the ability to distil complex ideas or problems into simple, effective plans and solutions.
• Have an ability to communicate effectively and influence effectively with productive, successful relationships with demanding senior stakeholders.

Work Level: Experienced Colleague Close Date: 3rd April 2024 We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity,age, sexual orientation, nationality or disability we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.