Actuarial Specialist

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 also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

Actuarial Specialist, Corporate Risk Solutions

Corporate Pension Solutions (CPS) is a division within M&G Life with a remit is 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, the team is adding headcount in a number of areas.

The CPS Actuarial Specialist is responsible for the post sale pricing process, the MAG approval process, supporting the member option process and providing broader support for the CPS operations team.

Key Responsibilities for this role:

• Management of the post sale pricing process. This includes compliance with all contractual terms, management of the CPS post sale pricing, completion of all key controls, validation of the output from the pricing team and production of sign off documents for the CPS MD
• Key point of contact for the development of methodology for all CPS member option calculations
• Own the deal Matching Adjustment deal approval process including production of paper to the Matching Adjustment Group (MAG)
• Broader support within the CRS Operations team to deliver and maintain BPA business
• Development of scalable solutions including the development of robust processes and controls
• Liaise with internal and external stakeholder on challenges to assumptions and calculations
• Drive continuous improvement through innovation and the seeking out and acting on new opportunities
• Provide management information to appropriate governance forums
• Support the delivery of other elements of the CPS business plan

Key Knowledge, Skills & Experience:

• Strong analytical actuarial skills

• Qualified actuary preferred, however we welcome part qualified candidates to apply

• Problem solving skills

• Financial Services & Insurance knowledge, especially around defined benefit pension de-risking, with profits and reinsurance

• Experience of managing a number of internal parties to ensure delivery of contractual deliverables

• Passion for the customer

• Pension Technical knowledge

• Effective written and presentation skills

• High degree of honesty, integrity and discretion

Location: Reading / London

Work Level: Experienced Colleague

Recruiter: Amy Curtis

Closing Date: 23/07/2026

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to 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 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.  

• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.

• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

We have a diverse workforce and an inclusive culture at M&G, 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.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. 

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com