At M&G our vision is: to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision we're looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.
We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles.
What you can expect from us: We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:
Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best
How do we support our employees: All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualified professionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support.
The Role: PAC is currently undertaking a Part VII transfer of a large block of annuity business to another insurance company. The Part VII Transfer Project Manager will support the Business Lead with the technical requirements for the current Part VII transfer as part of the Laker programme.
This is a 9 month secondment opportunity which will begin remote and then can be based between working from home and our London office.
Key Work Level Accountabilities: Manager/Expert
For technical specialists, accountable for delivering expert advice or service, using specialist knowledge and subject matter expertise
Applies judgement to deliver outcomes, evaluating a range of potential solutions
Manages conflicts that may impact delivery
Challenges upwards given knowledge of delivery and awareness of complex systems and the broader picture
Identifies and anticipates need for changes to continuously improve quality and efficiency of output
Manages resources and risks using expert judgment, know-how and experience
Key Responsibilities for this role This role will support the Business Lead in a number of technical areas, including:
Managing the activity required to ensure the smooth transition of a number of longevity swaps from PAC to the partner, monitoring and coordinating activity between the parties (including the reinsurers) and their respective legal advisers
Managing the activity required to enable frequent comparisons of commutation factors between PAC and the partner to be produced
Leading the activity required to ensure that additional annuity benefits are included in the scope of the reinsurance prior to the transfer, including the provision of pricing by the partner and the acceptance of that pricing by PAC
Supporting response handling, including assisting with the management and production of responses and assisting with the preparation of MI for the regulators, ensuring that the MI is accurate and complete
Key Knowledge, Skills and Experience
Experience of managing projects with significant legal and financial change
Managed 5+ projects successfully, ideally within a programme or portfolio environment
Managed a minimum of 3 projects with a duration of over 6 months
Proven track record of working on diverse and ambiguous programmes
Experience of working in a Group Head Office would be advantageous
Financial Service experience essential, Actuarial background helpful but not essential
Annuity business knowledge
Experience of Part VII transfers
Strong knowledge of potential sources of risk and their impact on project success
Highly effective stakeholder management skills including ability to challenge at all levels
Quality assurance techniques
Work Level: Manager/Expert Recruiter: Emma Pryde Closing Date: 20th April 2021
We live by four behaviours at M&G and we ask all our employees to:
Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things