Business Development

As part of the Finance Business Development team, you will help shape and deliver the future of M&G’s growth strategy. Our recent re-entry to the bulk annuity market means that the team requires more talented and motivated actuaries with an understanding of Defined Benefit pensions. You will play a pivotal role in supporting our bulk annuity proposition by designing methodologies, assumptions and models to value BPA liabilities and also to support the business in launching new propositions and new product features.

This is an excellent opportunity for a pensions actuary who is looking to broaden their expertise and transition into insurance, or an actuary in an existing bulk annuity provider with DB pensions knowledge who is looking for their next career step.

Key Responsibilities

• Provide actuarial input into the analysis and assessment of BPA product features and how these impact Finance.
• Assist in the development of pricing, valuation, and modelling assumptions for BPA liabilities.
• Support the creation of financial models and scenario analyses to inform senior decision‑making.
• Contribute to risk assessments and ensure alignment with regulatory, capital, and governance frameworks.
• Prepare clear and concise documentation, presentations, and recommendations for stakeholders.
• Maintain awareness of market trends in DB pensions, de‑risking, longevity, and insurance‑based solutions.
• Collaborate with BAU and Finance teams to ensure smooth transition of new processes into ongoing operations.
• Drive improvements to actuarial controls, data quality, and process efficiency.
• Opportunities to support across our wider product suite outside of bulk annuities.
  
  

Key Knowledge, Skills & Experience

• Experience in DB pensions, such as scheme valuations, funding advice, risk transfer, bulk annuities.
• Understanding of life insurance valuation or an interest in transitioning into insurance‑based actuarial work.
• Strong communication skills, with the ability to convey complex concepts to non‑technical audiences.
• Ability to apply actuarial judgement to commercial, strategic, and uncertain environments.
• Experience working within strong governance frameworks and managing actuarial risk.
• Ability to prioritise effectively, work independently, and manage competing deadlines.
• Strong analytical skills and familiarity with actuarial modelling tools / software.
• Knowledge of Solvency II, IFRS 17, or insurance reporting (desirable but not essential).