Senior Qualified Actuary

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.

Senior Qualified Actuary – Chief Actuary Team

This is an excellent opportunity for an experienced, qualified actuary to join our Chief Actuary Team, taking on a varied and influential role at the heart of our insurance business.

Working closely with the Chief Actuary and senior stakeholders across the organisation, you’ll use your actuarial expertise, judgement and influencing skills to provide independent oversight and constructive challenge, helping to support the continued financial strength and effective governance of the business.

The role

The Chief Actuary is a statutory role focused on supporting the financial soundness of M&G plc’s insurance business and sits within the Finance function. The Chief Actuary is also responsible for the Actuarial Function, as defined under Solvency II.

As a Senior Qualified Actuary, you’ll support the Chief Actuary in fulfilling these statutory responsibilities and the wider responsibilities of the Actuarial Function.

Working as part of the Chief Actuary Team, you will:

-Monitor and assess the company’s solvency and overall financial strength, including the review of Solvency II valuations.
-Provide independent review and challenge of new business pricing, underwriting and modelling.
-Assess management activities and decisions that could impact the company’s solvency or financial position.
-Analyse complex actuarial and financial information, using your judgement to identify key issues and draw well-supported conclusions.
-Prepare clear and insightful reports, recommendations and papers for senior management and governance committees.
-Work with stakeholders across the business, providing constructive challenge and helping to support robust, well-informed decision-making.
-Contribute to ensuring the business continues to operate effectively within the Solvency II regulatory framework.

What we’re looking for

You’ll be a qualified actuary with relevant post-qualification experience and the confidence to operate in a role that combines technical expertise with broader commercial judgement and stakeholder engagement.

In particular, you’ll bring:

-A recognised actuarial qualification and relevant post-qualification experience.
-Strong experience of with-profits business and actuarial valuation. This is an essential requirement for the role.
-Experience preparing clear, concise reports and papers for senior management, boards or governance committees.
-The ability to communicate complex actuarial matters clearly to both technical and non-technical audiences.
-Strong analytical skills, with the ability to work through complex information, exercise sound judgement and reach well-supported conclusions.
-The confidence and credibility to constructively challenge and influence stakeholders at different levels.
-A pragmatic approach to complex or ambiguous problems, with the ability to develop practical and proportionate solutions.

Why join us?

This role offers broad exposure across the insurance business and the opportunity to work closely with senior stakeholders on areas that are central to our financial strength, governance and regulatory responsibilities.

You’ll join a team where your technical expertise is valued, but where your judgement, curiosity and ability to influence are equally important. It’s an opportunity to see the bigger picture, contribute to important business decisions and make a meaningful impact.

For internal applicants: Please ensure you inform your manager if you are selected for interview. We encourage open conversations with your manager throughout the process so they can support your career development and aspirations.

Please note that we may close this advert early if we receive enough quality applications

Location: Kildean, Scotland, London or Remote
Job Level: Manager/Expert
Reporting to: Senior Actuarial Manager

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