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Business Development Actuary

Posted 2 Days Ago
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Dublin
Mid level
Dublin
Mid level
The Business Development Actuary is responsible for leading product development processes at Prudential International Assurance, ensuring the creation of customer-centric propositions that drive commercial success. This role demands cross-functional collaboration, innovative problem-solving, and continuous improvement of product outcomes while adhering to regulatory guidelines.
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At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of 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.

Business Development Actuary - Dublin

Applicants must be residents of Republic of Ireland with the right to work in ROI already in place.

Prudential International Assurance, part of the M&G group, is looking for an actuary to join our dynamic and fast-paced proposition team.

This role involves developing new propositions that meet customer needs, provide value for money, and achieve the commercial ambitions of Prudential International.

Key Responsibilities:

  • Ownership of Product Development: Take full ownership of product development processes, from initial idea creation through to development and successful launch.
  • Initiative and Proactivity: Demonstrate a high level of initiative and proactivity, identifying opportunities and driving projects forward with minimal guidance.
  • Cross-functional Collaboration: Liaise effectively with relevant internal and external stakeholders to ensure seamless product development and launch.
  • Problem Solving: Address challenges and obstacles independently, finding innovative solutions to ensure project success.
  • Continuous Improvement: Continuously seek ways to improve product development processes and outcomes, staying up-to-date with industry trends and best practices.

The Business Development Actuary will work under the Head of Proposition and Product Pricing, taking ownership throughout the innovation, development, and execution stages of various product developments and enhancements. They will work closely with colleagues across the wider business to provide solutions that allow developments to reach the market in a timely fashion.

You will ideally have:

  • An actuarial qualification, with commercial/product development exposure, or be an individual who is qualified by experience with a background in a Life Company.
  • Broad knowledge of life products, including Investment Bonds, markets, and competitors.
  • Experience in the offshore market would be advantageous.
  • Practical working knowledge of the regulatory and legislative requirements relevant for financial product design and management, ideally for both European and UK markets.
  • Strong technical skills.
  • Experience of taking initiatives through internal governance, including working closely with Risk and Compliance functions.
  • A demonstrable ability to provide solutions to develop and implement strategic initiatives, product/customer-related regulations, and/or product launches.
  • Experience of influencing a broad range of stakeholders from different functions.
  • Passion for the customer.
  • Effective written and presentation skills.
  • Strong work ethic, positive attitude, and team player.
  • Self-motivated with an ability to actively manage your time, multiple tasks, and meet deadlines.

People who work at PIA agree that ours is a great place to work with a brilliant team spirit. It’s also an innovative, high-performing commercial environment that’s totally focused on customers. In a fast-changing world, you’ll join an organisation that’s leading the way in helping customers achieve their long-term financial goals.

By taking on the role of Business Development Actuary, you’ll play a vital part in executing our purpose to give everyone real confidence to put their money to work. If you’re inspired by the opportunity and have the necessary qualities, we would love to hear from you.

Closing Date: 24 February 2025

Recruiter: Amy Curtis

#LI- AC1

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

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