Pricing Associate, Pension Risk Transfer

At M&G, 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 offer workplace adjustments to ensure you have the support you need to succeed in your role.

Pricing Associate, Pension Risk Transfer

Corporate Pension Solutions (CPS) 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 exposure to an extremely wide variety of projects. CPS has ambitious new business targets and is looking for exceptional people who will help deliver results.

Key Responsibilities for this role:

• Produce on end-to-end pricing for BPAs and other de risking solutions
• Working with colleagues from across the business and outsourcing partners to integrate commercial, investment, longevity, reinsurance, balance sheet management and structuring workstreams into pricing projects
• Supporting team management and senior stakeholders across the business with technical analysis, strategy, business planning and ad hoc queries
• Supporting distribution and transaction management colleagues with the production of high quality client deliverables and wider relationship management activities
• Developing new and enhanced modelling capability, including tech solutions across the CPS pricing infrastructure
• Supporting pricing development of novel bulk annuity transaction structures, reinsurance solutions, and new product lines
• Work on Pricing projects run in partnership with the Treasury and Investment Office, Finance Strategy & Finance Reporting teams

Key Knowledge, Skills & Experience:

• Commercially minded Student 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
• Ambitious and self-motivated with ability to work on own initiative/prioritise workload to strict deadlines
• Strong communication and presentation skills

Recruiter: Tanya Bains

Work Level: Colleague

Location: London or Edinburgh

Follow Prudential Corporate Pension Solutions on LinkedIn to stay up to date with the teams latest achievements https://www.linkedin.com/showcase/corporate-pension-solutions/

What we offer:

We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future. Our UK benefits include:

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside 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 five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.

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

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. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.

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: [email protected]