Actuarial Model Developer

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.

The role:

Join M&G’s Actuarial Model Development team and work at the heart of how we model products, risks and long‑term financial outcomes. You will contribute to a continuous programme of model enhancement spanning regulatory change, new and evolving propositions, and strategic model transformation. 

You will work with other technical experts in the design, build, test and delivery of changes to our Actuarial Modelling estate. The role offers exposure to large‑scale RAFM‑based models, modern development practices, and the opportunity to help shape how actuarial modelling work is delivered going forward. 

The team is focused on evolving how actuarial model development is delivered, building on a strong governance and control environment. You will have opportunities to contribute ideas and practical improvements, including responsible use of modern tooling, automation and AI‑enabled support to improve efficiency, insight and scalability.  

Key Responsibilities:

• Translate business requirements into clear, implementable model specifications. 

• Design, develop, test and deliver model changes within governed actuarial models. 

• Develop and maintain modelling workflows, automation and supporting tools. 

• Produce clear documentation and testing evidence in line with strong model governance. 

• Investigate and explain model results and movements to stakeholders. 

• Contribute to continuous improvement of development standards and ways of working. 

Knowledge, Skills and Experience:

• Experience developing or enhancing financial or actuarial models, or similar analytical systems. 

• Familiarity with actuarial modelling platforms such as RAFM, or equivalent. 

• Strong Excel & other tooling skills; experience with structured coding (e.g. Python) is advantageous. 

• Ability to communicate technical topics clearly to a range of stakeholders. 

• A collaborative mindset and interest in continual improvement. 

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: careers@mandg.com