Data Scientist (longevity)

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.

Role Summary

The Longevity area sits within the Methodology & Assumptions team and is responsible for development of the mortality bases for retirement products and monitoring of longevity risk.  To achieve this the team is required to develop cutting edge models of and approaches to longevity risk.  This role is aimed at the experienced colleague level for a nearly/newly qualified actuary or a data scientist with a strong background in actuarial pricing or longevity modelling.  This role will act as necessary support to the team by carrying out longevity and mortality research, reporting to a Senior Longevity Actuary.

Primary Responsibilities

• Support the team in the production of longevity and demographic assumptions, relating to both best estimate liabilities and capital requirements
• Support business growth of the Life business in relation to the provision of pricing assumptions for BPA transactions
• Support the team in providing expert insight into emerging longevity trends by analysing longevity related datasets
• To carry out and support longevity experience analysis, including undertaking the necessary technical investigations and research

Additional Responsibilities

• Lead on longevity model development and rating factor analysis using data science techniques
• 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 and targeted new business profiles.
• Demonstrate a positive risk and control culture through the active identification, assessment, monitoring and management of risks and controls
• Identifies and anticipates need for changes to continuously improve quality and efficiency of output
• Manages risks using expert judgment, know-how and experience
• Accountable for the technical accuracy of outputs and timely delivery of work
• Develop knowledge, skills and experience by working alongside experienced colleagues and participating in training sessions across the team.
• Communicate effectively with stakeholders across Finance & Life, both written and oral
• Manages conflicts that may impact delivery
• Challenges the status quo and continually seeks opportunities for improvement

Close Date: 27th November 2024

Work Level: Experienced Colleague

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.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, physical, mental health or neuro-divergent conditions.  We participate in the Disability Confident ‘Offer an Interview’ scheme, which means that candidates with disabilities or long-term health conditions who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying.  These candidates are also supported to ensure they have the best opportunity to demonstrate that they can do the job.

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