Actuarial Technician - Manager (AMVC)

We are M&G 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 M&G 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.

M&G Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G’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.

Job Description

Job Title :Manager

Grade: 2C

Level: Colleague

Manager/ Individual Contributor: Individual Contributor

Job Function: Automation Manager

Job Sub Function: Valuations capability

Reports to: Senior Manager

Location: Mumbai

Business Area: M&G Global Services

The role offers the opportunity in PAC modelling team which would involve providing support to automation projects for a wide range of Actuarial processes. The technical requirements of each role will vary depending on the team the person is in, and will be reflected in her/his annual objectives. The role would involve carrying out the tasks for the process to meet deliverables with an acceptable standard of quality and within agreed timelines.

The role would cover projects spanning across technology-based actuarial areas like actuarial data and system reviews, finance transformation, automation, results production as well as include short term support to BAU areas like model validation, results production, risk scenario generation etc.

Primary Key Responsibilities (Top 3-5 KRA)

• Delivery of high quality agreed project tasks to the stakeholder in a time bound fashion.
• Prepare and document simple models to clearly defined requirements.
• Carry out work to an agreed plan, producing deliverables in an agreed timescale
• Deliver outputs that are clearly defined in an agreed timescale, whilst working within established frameworks and procedures.
• Apply relatively straightforward checks on data and output to aid analysis and provide feedback to senior team member.
• Complete end to end testing of models developed to required standards.
• Maintain an ‘audit trail’ and version control to demonstrate the adequacy of the spreadsheet controls for future enhancements to the product.
• Draft and maintain up-to-date, appropriate documentation and checklists for any processes that are implemented.

Additional Responsibilities :

Problem Solving

• Undertake numerical analysis and manipulation using a range of systems and tools (Python, Access, Advance Excel, VBA, Power BI etc.)
• Seek and act on opportunities to develop technical and business understanding.
• Suggest and support process improvement initiatives

Accountability

• Strong team player, with ability to work in a team or on a project
• Good level of interpersonal and networking skills, to develop effective working relationships with team colleagues and internal/external business contacts.
• Work closely with colleagues at different geographical location, ensuring seamless communications
• Liaise with development, business and systems support teams
• Ability to effectively influence colleagues
• Ability to plan and prioritise own workload
• Ability to deliver on multiple tasks to demanding timescales
• Communicate effectively with others, develop positive networks and working relationships
• Flexible approach to responsibilities, working hours, and willing to travel if required

Key Stakeholder Management

Internal

M&G India Team manager

UK Team manager

Other senior stakeholders

External: N/A

Knowledge, Skills, Experience & Educational Qualification

Knowledge & Skills (Must Have) :

• Coding/Development experience using latest coding languages and modelling platforms like Python, Power BI, Advance Excel / VBA
• Experience in independently and effectively testing new tools and processes developed
• Experience as a team leader or supervisor (handling a team of at least 2 to 3 people)
• Good written communication skills to be able to produce meaningful documentation of the developments or testing performed
• Good planning and problem solving skills
• Strong communication skills – written and verbal

Knowledge & Skills (Additional) :

• Good working knowledge to produce Process Maps using Visio or similar tools
• Resourceful in finding solutions and identifying sources of help and information
• Flexible approach to responsibilities, working hours, and willing to travel if required
• Track record of being a fast learner as evidenced by job performance
• Good team player – the execution stage is crucial to the success of the project and it is essential to be able to contribute fully to the team effort

Experience:

• 3 to 6 years of relevant work experience using modern technology (Power BI / Python / Advanced Excel)

Educational Qualification:

• A numerical based degree or Post Graduate qualification
• Good technical understanding of various tools and techniques used e.g. Python, Power BI, Advance Excel, Visual Basic or any other relevant coding languages

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