Associate Pricing Director or Pricing Director

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.

We are seeking an Associate Pricing Director or Pricing Director to join our growing Pension Risk Transfer business. The appointment level will be determined based on the successful candidate's experience, skills and demonstrable impact in the market.

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 CPS 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

Recruiter: Amy Curtis

Work Level: Manager / Expert

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 Leaderunder 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: careers@mandg.com