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M&G plc

Actuarial Specialist - Longevity

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  • 5 months ago
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Job Description

We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited) . We are a fully owned subsidiary of the M&G plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. The company has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G plc s ambition to be the best loved and most successful savings and investments company in the world.

Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities.

This role will include the below opportunities and responsibilities:

Support the team in the production of longevity assumptions, both in the best estimate liabilities and the capital requirements

Support the team in providing expert insight into emerging longevity trends

To carry out and support longevity analysis, including undertaking the necessary technical investigations and research

To carry out regular tasks essential to the monitoring of longevity assumptions, such as experience analysis and data quality reports

Contribute to regular research on relevant longevity topics and present findings to the team. This will include areas such as medical developments and innovations relevant to the M&G annuitant population as well as awareness of the potential impacts from the COVID-19 pandemic on future mortality.

Processes to be carried out with appropriate controls applied to minimise risks

Demonstrate a positive risk and control culture through the active identification, assessment, monitoring and management of risks and controls

To identify opportunities for improvements to processes and help in implementing any changes required

Accountable for the technical accuracy of outputs and timely delivery of work

Develop knowledge, skills and experience by working alongside experienced colleagues and participating in training sessions across the team.

Communicate effectively with stakeholders across Finance, both written and oral

Key Knowledge, Skills & Experience

Working towards actuarial fellowship or other relevant qualification

Keeps up to date with Continued Professional Development requirements

Knowledge of actuarial professional standards and codes

Knowledge of life and pensions products, markets and competitors

Knowledge of financial services regulatory and legislatory frameworks

Awareness of longevity trends and factors impacting population mortality

Ability to analyse data and interpret the output to understand mortality trends in portfolio data

Proficient in the use of Microsoft tools including Excel and SQL, or other relevant packages

Able to take responsibility and ownership of work

Ability to identify opportunities to improve own performance

Able to manage multiple pieces of work and plan time effectively and prioritise to ensure on time delivery

Able to communicate complex technical output in a simple manner to a range of stakeholders

Ability to express own viewpoint and contribute effectively to team discussions on technical longevity issues

Ability to produce high quality technical work whilst operating within a well-controlled environment

A keen learner who can quickly understand how to use new systems and processes

We live by four behaviours at M&G Global Services and we ask all our employees to:

  • Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
  • Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
  • Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
  • Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things

More Info

Industry:Other

Function:Finance

Job Type:Permanent Job

Date Posted: 07/06/2024

Job ID: 81094447

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