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Sector: Banking and Financial Services
Role: Director
Contract Type: Permanent
Hours: Full Time
At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.
Through our behaviours of 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 also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.
Pricing Director, CRSCorporate Risk Solutions (CRS) is a division within M&G Life with a remit to design and deliver bulk purchase annuities and alternative de-risking products for Defined Benefit pension schemes. Due to ongoing success and a strong opportunity set, the team is adding headcount in a number of areas.
The remit of the Pricing team is broad and the successful candidate will have end-to-end ownership of a wide variety of projects. CRIS has ambitious new business targets and is looking for exceptional people who will help deliver results.
Key Responsibilities for this role:Leading end-to-end pricing for BPAs and other de-risking solutionsWorking with colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, reinsurance, balance sheet management and structuring workstreams into pricing projectsSupporting senior stakeholders across M&G Life with technical analysis, strategy, business planning and ad hoc queriesSupporting distribution and transaction management colleagues with the production of high quality client deliverables and wider relationship management activitiesLeading the development of new and enhanced modelling capability, including tech solutions across the CRS pricing infrastructureManage commercial outsourcing arrangementsLeading the ongoing pricing development of novel bulk annuity transaction structures, reinsurance solutions, and new product linesLeading Pricing projects run in partnership with the Treasury and Investment Office, Finance Strategy & Finance Reporting teamsStudy mentoring and wider development support to junior team membersOpportunity but not requirement for line managementKey Knowledge, Skills & Experience:Commercially minded Actuary with exceptional technical skillsExperience of bulk annuity pricing, funded reinsurance, longevity reinsurance, or life insurance balance sheet management requiredUnderstanding of UK DB pensions valuableUnderstanding of Solvency II/UK for life insurance, in particular balance sheet construction, liability discounting, asset strategy & ALM valuableExperience of developing/structuring and pricing institutional insurance products valuableUnderstanding of non-standard capital and reinsurance structures valuableAmbitious and self-motivated with ability to work on own initiative/prioritise workload to strict deadlinesLocation: London
Work Level: Manager / Expert
Recruiter: Amy Curtis
Closing Date: 25/10/2024
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, disability or long term condition, 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.
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