Senior Manager - Actuarial

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.

Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.

Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About 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.

Primary Key Responsibilities

• Support the team in the production of longevity assumptions, both in the best estimate liabilities and the capital requirements
• Support the team in providing expert insight into emerging longevity trends
• To carry out and support longevity analysis, including undertaking the necessary technical investigations and research and data quality reports as part of regular tasks to monitor longevity assumptions
• Perform experience analysis and data quality reports as part of regular tasks to monitor longevity assumptions
• Provide support and guidance to more junior members of the team in a range of project work as and when required

Additional Responsibilities :

• Contribute to regular research on relevant longevity topics and present findings to the team.  This will include areas such as medical developments and innovations relevant to the M&G annuitant population
• Seek and act on opportunities to develop wider and deeper technical and business understanding.
• Planning and resource management to ensure timely delivery. Effective communication with different stakeholders required.
• Compliance – Ensure understanding and adherence to M&G Global Services’ Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.
• Responsibility for the supervision of other junior team members or delivery of specific pieces of work.
• Performance Management – follow and contribute to the recognised Performance Management process.
• Maintain and develop knowledge of technical requirements of job together with the framework in which M&G Global services operates.
• Ability to develop clear, workable plans for self; monitor progress of the other junior members of the team;
• Positive attitude to analyse a complex problem in a project to ensure the delivery of a sound solution to the project stakeholder
• Ability to effectively influence colleagues
• Ability to plan and prioritise own workload
• Ability to deliver on multiple tasks to demanding timescales
• Communicate effectively with others, develop positive networks and working relationships

• Key Stakeholder Management

  Internal

  M&G India Team manager

  UK Team Manager

  Other senior stakeholders

  Chief Actuary and Model Validation teams

  External

  External Audit

  Knowledge, Skills, Experience & Educational Qualification

  Knowledge & Skills (Must Have) :

• Knowledge and understanding of longevity trends.
• Ability to analyse data and interpret the output to understand mortality trends in portfolio data.
• Keep up to date with research impacting longevity risk.
• Good technical actuarial knowledge, with attention to detail.
• Motivated and willing to take responsibility and ownership of the work assigned.
• Demonstrable experience of problem solving and providing practical solutions to complex problems.
• Experience of communicating complex problems with a range of stakeholders, both written and oral.

• Knowledge & Skills (Additional) :

• Experience in the use and enhancement of models relating to the analysis of longevity trends
• Performing experience analysis and data manipulation in relation to monitoring mortality experience and analysing trends
• Knowledge of the business and/ or Solvency II and/ or IFRS financial reporting experience would be an advantage, however on-the-job training will be provided to successful candidate.
• Commercial aptitude and the ability to consider the impact of decisions
• Ability to express own viewpoint and to communicate clearly on complex actuarial issue

• Experience:

• 6-9 years of relevant Actuarial experience
• Past experience of working on experience analysis or monitoring is an added advantage

• Educational Qualification:

• Qualified or Nearly Qualified Faculty of Actuaries and / or Indian Institute of Actuaries.

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