Pricing Director

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Sector: Banking and Financial Services

Role: Director

Contract Type: Permanent

Hours: Full Time

At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of 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 workplace accommodations to ensure you have what you need to effectively deliver in your role.

Pricing Director, CRS

Corporate Risk Solutions (CRS) 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 end-to-end ownership of a wide variety of projects. CRIS has ambitious new business targets and is looking for exceptional people who will help deliver results.

Key Responsibilities for this role:

• Leading 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 senior stakeholders across M&G Life 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
• Leading the development of new and enhanced modelling capability, including tech solutions across the CRS pricing infrastructure
• Manage commercial outsourcing arrangements
• Leading the ongoing pricing development of novel bulk annuity transaction structures, reinsurance solutions, and new product lines
• Leading Pricing projects run in partnership with the Treasury and Investment Office, Finance Strategy & Finance Reporting teams
• Study mentoring and wider development support to junior team members
• Opportunity but not requirement for line management

Key Knowledge, Skills & Experience:

• Commercially minded Actuary with exceptional technical skills
• Experience of bulk annuity pricing, funded reinsurance, longevity reinsurance, or life insurance balance sheet management required
• Understanding of UK DB pensions valuable
• 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

Location: London

Work Level: Manager / Expert

Recruiter: Amy Curtis

Closing Date: 25/10/2024

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