We are MG Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the MG group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003.
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.
MG Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in MG s ambition to be the best loved and most successful savings and investments company in the world.
Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI Insights), Business Transformation, Management Consulting Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk Compliance and Audit provide our people with exciting career growth opportunities. 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.
This role sits within the Capital Valuation team, which focuses on the valuation of MG Life business which includes with-profits, unit-linked, annuities, and equity release mortgages. This role requires to work under the direction of Qualified Actuaries or other senior team members and will include the opportunity to :
- Develop an understanding of key features of Non-profit products, covering the modelling of both assets and liabilities, and their sensitivities to key risk drivers.
- Develop an expertise in documenting, explaining and presenting capital impacts to senior team members.
- Work with colleagues across other areas within Finance and Risk to support delivery of financial reporting in line with regulatory deadlines.
Accountabilities / Responsibilities :
- Accountable for providing a quality service or products to customers and stakeholders, using skills/experience built through significant practical experience.
- Works within established frameworks and procedures, with the freedom to interpret them to solve a range of problems
- Delivers outputs that are clearly defined, using discretion over how to achieve them
- Makes suggestions for improvements to the work of the team, based on previous experience and knowledge of similar situations.
Key Responsibilities:
- To produce and be accountable for understanding and explaining the change in liabilities to senior team members with clear controls.
- To provide technical advice and guidance on the application of actuarial principles and tools to support business objectives, coaching and guiding less experienced members of the team
- To provide technical expertise to design technical solutions as part of change projects within MG UK Finance Reporting where required.
Knowledge, Skills, Experience and Educational Qualifications :
Knowledge Skills:
- Confidence excellent communication.
- Excellent technical actuarial knowledge, with attention to detail
- Motivated and willing to take responsibility and ownership of the work assigned
- Demonstrable experience of problem solving and providing practical solutions to complex problems
- Commercial aptitude and the ability to consider the impact of decisions
- Strong commercial and collaboration skills
- Ability to express own viewpoint and to communicate clearly on complex actuarial issues
Experience:
- 3-5 years of relevant Actuarial experience
Educational Qualification:
- Graduate in any discipline, preferably in Finance or management
- Studying for and making satisfactory progress with the Institute / Faculty exams as defined in the Mumbai Actuarial Study Support Policy
