Actuarial Analyst (Policyholder Data)

At 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.

We will consider flexible working arrangements for any of our roles and offer workplace adjustments to ensure you have the support you need to succeed in your role.

The Role:

A new solution for the validation and transformation of policyholder data used in actuarial modelling and assumption setting is being built.

The role plays an active part in the validation and transformation of policyholder data for actuarial modelling and assumption setting,  pro-actively solving problems and communicating clearly with stakeholders. It operates with a strong sense of accountability while collaborating effectively with colleagues to maintain consistent standards and continuous improvement.

This role takes particular responsibility for owning actuarial requirements for the data transformation and validation once these are in BAU. It will also communicate known process issues and limitations with stakeholders.

This role contributes to delivering high-quality actuarial insight that supports confident decision-making and long-term value creation. As an Experienced Colleague, the position focuses on applying established actuarial techniques, analysing data, and producing clear, reliable outputs within defined guidelines.

Main Responsibilities:

• Deliver the specification of data transformation and validation logic to ensure that the data used in actuarial modelling, experience analysis and assumption setting is materially correct and fit for purpose.
• Use actuarial knowledge and judgement to propose simplifications to data processing or to propose accepting limitations in data based on materiality.
• Produce clear and accurate documentation to support transparency and review processes.
• Review data inputs and outputs to ensure quality, accuracy, and consistency with the transformation and model specifications.
• Support the interpretation of actuarial results, presenting findings in a clear and structured way to relevant stakeholders.
• Collaborate with wider teams to ensure alignment and effective delivery of shared objectives.
• Identify opportunities to improve processes, tools, or methodologies, contributing to ongoing efficiency.

Key Knowledge, Skills and Experience:

• Strong analytical capability with the ability to interpret complex datasets.
• Understanding of actuarial principles and how they are applied within a business context.
• Experience working with data tools such as SQL, Python or Databricks
• Knowledge of UK Life insurance reserving including annuities and with profits
• Attention to detail and commitment to delivering accurate, high-quality work.
• Ability to communicate technical information clearly and effectively.
• Collaborative approach with a willingness to support team objectives.
• Comfortable working within defined frameworks while taking ownership of deliverables.

Essential Skills:

• Actuarial modelling and data analysis
• Statistical and numerical reasoning
• Problem-solving and structured thinking
• Clear written and verbal communication
• Stakeholder collaboration
• Continuous improvement mindset

Desirable Skills:

• Actuarial valuation of annuities
• With profits
• Data management
• Experience with data tools such as SQL, Python and Databricks

Recruiter: Hollie Doran

Close Date: 3rd August 2026

Location: Kildean, Edinburgh, Reading

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 Leader under 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