Impress employers and recruiters.
Choose from hundreds of resume examples.

Target Resume Now

About the Role

The Senior Pricing Associate will be responsible for end-to-end pricing for Bulk Purchase Annuities (BPAs) and other de-risking solutions within the Corporate Pension Solutions (CPS) division. This role involves collaborating with various internal teams and external partners to integrate commercial, investment, longevity, reinsurance, balance sheet management, and structuring workstreams into pricing projects. The successful candidate will provide technical analysis, strategy, and business planning support to senior stakeholders, assist with client deliverables, and develop new modeling capabilities. This is a key role in pricing projects and the development of novel transaction structures and product lines.

Responsibilities

End-to-end pricing for BPAs and other de-risking solutions
Integrate commercial, investment, longevity, reinsurance, balance sheet management, and structuring workstreams into pricing projects
Provide technical analysis, strategy, and business planning support to senior stakeholders
Assist distribution and transaction management colleagues with client deliverables and relationship management
Develop new and enhanced modeling capability, including tech solutions
Support pricing development of novel bulk annuity transaction structures, reinsurance solutions, and new product lines
Partner with Treasury and Investment Office, Finance Strategy & Finance Reporting teams on pricing projects

Requirements

Commercially minded nearly or recently qualified Actuary with exceptional technical skills
Experience of bulk annuity pricing, funded reinsurance, longevity reinsurance, life insurance balance sheet management or modelling UK DB Pensions required
Understanding of Solvency II/UK for life insurance, in particular balance sheet construction, liability discounting, asset strategy & ALM valuable
Experience of developing/structuring and pricing institutional insurance products valuable
Understanding of non-standard capital and reinsurance structures valuable
Ambitious and self-motivated with ability to work on own initiative/prioritise workload to strict deadlines
Strong communication and presentation skills

Skills

Actuarial technical skills
Bulk annuity pricing
Funded reinsurance
Longevity reinsurance
Life insurance balance sheet management
UK DB Pensions modelling
Solvency II/UK for life insurance
Balance sheet construction
Liability discounting
Asset strategy & ALM
Institutional insurance product development/structuring/pricing
Non-standard capital and reinsurance structures
Communication
Presentation

Location

London
Edinburgh

Work Type

Flexible working arrangements

Experience Level

Experienced Colleague

Education Level

Nearly or recently qualified Actuary

Benefits

Pension scheme of up to 18% (13% employer, 5% employee)
Access to Share Save and Share Incentive Plan
Financial wellbeing and support services
38 days annual leave (including bank holidays)
Opportunity to purchase up to five extra days annual leave
Time Off When You Need It policy
Market-leading Inspiring Families policy with comprehensive support and paid parental leave (maternity, adoption, surrogacy, paternity)
Private Healthcare
Critical Illness cover
Life Assurance
Additional family options for Health & Protection cover

About the Company

M&G has a heritage dating back more than 175 years with a long history of innovation in savings and investments.
M&G combines asset management and insurance expertise to offer a wide range of solutions.
The Corporate Pension Solutions (CPS) division designs and delivers bulk purchase annuities and alternative de-risking products for Defined Benefit pension schemes.
M&G aims to create an exceptional place to work for exceptional talent.

Equal Opportunity

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.
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.
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