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.

• Develop an understanding of features of Non-profit & With-profit products and their sensitivities to key risk drivers.
• Carry out various tasks for Capital Modelling and Reporting along with ad-hoc process improvements.
• Produce RSG (risk scenario generation) files and conduct stress and scenario testing.
• Maintain audit trails / version controls to demonstrate adequacy of spreadsheet controls for future enhancements to tools.
• Draft and maintain up-to-date, appropriate documentation and checklists for any processes that are implemented.
• Work with colleagues across other areas within Finance and Risk to support delivery of financial reporting in line with regulatory deadlines.
• Responsible for learning and applying actuarial concepts to deliver accurate and timely work under guidance from experienced team members.
• Works within clearly defined processes and frameworks, seeking clarification when needed and following instructions carefully to ensure quality.
• Delivers assigned tasks and outputs as per given specifications, focusing on accuracy and attention to detail while developing problem-solving skills.
• Actively participates in team discussions and shares ideas, asking questions and suggesting improvements based on observations and newly acquired knowledge.

Key Responsibilities:

• Work closely with colleagues at different geographical location, ensuring seamless communications.
• Seek and act on opportunities to develop wider and deeper technical and business understanding of capital models.
• Build good working relationships with stakeholders in wider team and outside of the team.
• Maintaining effective communication with Stakeholders and leadership team members.
• Compliance – Ensure understanding and adherence to M&G’s Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.

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.