Senior Pricing Associate, Pension Risk Transfer

Location: London or Edinburgh, United Kingdom

Company

M&G provides asset management, insurance, savings, and investment solutions through its Asset Management and Life segments.

What you will do

• Lead end-to-end pricing for bulk purchase annuities and other pension de-risking solutions.
• Integrate commercial, investment, longevity, reinsurance, balance sheet management, and structuring workstreams into pricing projects.
• Provide technical analysis, strategy, business planning, and ad hoc support to senior stakeholders.
• Prepare client deliverables and support distribution, transaction management, and relationship management activities.
• Develop modelling capabilities and technology solutions for the CPS pricing infrastructure.
• Support novel bulk annuity transaction structures, reinsurance solutions, new product lines, and projects with Treasury, Investment Office, and Finance teams.

Requirements

• Nearly or recently qualified actuary with strong technical skills and commercial awareness.
• Experience in bulk annuity pricing, funded or longevity reinsurance, life insurance balance sheet management, or UK defined benefit pension modelling.
• Strong communication and presentation skills.
• Ability to work independently, prioritise workload, and meet strict deadlines.
• Understanding of Solvency II and UK life insurance balance sheets, liability discounting, asset strategy, and asset-liability management is valuable.
• Experience developing and pricing institutional insurance products or working with non-standard capital and reinsurance structures is valuable.

Culture & Benefits

• Flexible working arrangements and workplace adjustments are available.
• Up to 18% pension scheme contributions.
• Share Save and Share Incentive Plan, plus financial wellbeing support.
• 38 days of annual leave including bank holidays, with the option to purchase five additional days.
• Paid parental leave and family support through the Inspiring Families policy.
• Private healthcare, critical illness cover, and life assurance with additional family options.