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 also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

The Role: Actuary - 12 month FTC

An excellent opportunity has arisen for a Qualified Actuary to join the Individual Life and Pensions Pricing Team. This role will be based in Scotland but with flexibility to work from home.

In this role you will support the delivery of a number of key metrics used in the ongoing pricing of existing propositions that are managed by Individual Life and Pensions. You will also support M&G Life with the development and pricing of a number of new proposition developments.

Key Responsibilities:

To support key BAU Pricing activities, such as Active Pricing of PruFund Capital Guarantees, PruFund Cost of Smoothing reviews, Value for Money analysis, new business capital monitoring and compliance with the Minimum Pricing Frameworks.
To support relevant pricing reviews and updates to our existing suite of new business products Retirement Account, ISA, Onshore bond and TIP
Support pricing workstreams for key M&G Life proposition developments.
Model development and maintenance of several Pricing MUDAs.
Clear communication of the pricing results with key stakeholders including Proposition, With-Profits Actuary Team, Chief Actuary Team and Risk.
To maintain effective working relationships with key stakeholders in other areas of the business (e.g. teams in Proposition, Finance and Risk).

Experience, Skills and Knowledge:

Be a qualified actuary or nearly qualified actuary.
Have experience of Solvency II.
Have knowledge of PruFund and With-Profits business.
Have model development experience, in Excel and VBA.
Be highly analytical and a skilled problem solver, with a strong commercial mind-set, and the ability to distil complex ideas or problems into simple, effective plans and solutions.
Have an ability to communicate effectively and influence effectively with productive, successful relationships with demanding senior stakeholders.

Work Level: Experienced Colleague

Closing Date Date: 26th November 2025

Location: Edinburgh or Stirling (Hybrid working)

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to 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 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.
Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

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

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

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions.

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com