Primary Key Responsibilities
•
Core technical responsibilities for the role
Actuarial Modelling Core Functions Model Development Model Testing - Liaise with model users, developers, and stakeholders to understand business requirements across both model development and operational components. - Translate business needs into technical specifications that align with the existing model architecture and operational framework. - Design, develop, and unit test enhancements to RAFM models, ensuring alignment with actuarial principles and business objectives. - Maintain a robust audit trail and comprehensive documentation for all model changes. - Develop and maintain the in-house Assumption Management System (Excel/VBA-based) to support assumption governance. - Support and enhance Unify, a VBA and Python-based automation tool for streamlining model production processes. - Build and maintain data creation and result extraction tools for each model release cycle. - Collaborate with stakeholders to define and execute testing and validation strategies for model and operational changes. - Ensure accuracy, consistency, and reliability of model outputs and operational tools. - Propose and implement process improvements across both development and operations to enhance efficiency, transparency, and scalability. - Ensure all changes—whether in RAFM models or operational tools—are well-documented with clear version control and audit trails. - Adhere to governance standards and contribute to maintaining model integrity and compliance. - Understand the nature and scope of model changes or enhancements made in RAFM. - Collaborate with model developers and stakeholders to gather context and expected outcomes of changes. - Perform Functional Testing (Model Baselining) to validate the correctness of RAFM model coding changes. - Conduct End-to-End Testing to ensure the full results production process functions as intended, comparing outputs with development or previous production results. - Demonstrate a strong understanding of the balance sheet and P&L, and explain the financial implications of model changes. - Perform step-through analysis to reconcile movements from previous results and support overall financial impact assessments using standardized tools. - Proactively identify, document, and communicate defects or unexpected results to relevant teams (e.g., Modelling, Assumptions, Data). - Retest and validate fixes to ensure resolution of identified issues. - Maintain comprehensive documentation of testing activities, results, and financial impact analysis to support audit and approval processes. - Ensure traceability and transparency of all testing and analysis performed. - Continuously seek opportunities to enhance testing frameworks, automation, and documentation standards. - Propose and implement process improvements to increase efficiency and reduce manual effort.
Ø Maintain and develop knowledge of technical requirements of job together within the model governance framework,
Ø Ability to develop clear, workable plans for self and team; monitor progress; ensure deadlines and commitments are met,
Ø Ability to confidently express own viewpoint and to clearly communicate any issues within their team.
•
Working Together & People management
Ø Seek support from reporting manager to help understand the work priorities ,
Ø Ability to deliver on multiple tasks to demanding timescales,
Ø Drive team building exercises/ activities,
Ø Develop positive network and maintain a healthy working environment.
Additional Responsibilities :
Ø Compliance – Ensure understanding and adherence to M&G’s Code of Conduct and where appropriate, comply with all relevant
regulatory policies. This includes completion of any mandatory training,
Ø Assertively communicate with the stakeholders and independently execute the tasks that they allocated,
Ø Ability to inspire colleagues.
Key Stakeholder Management
Other functions/ teams for liaising,
Concerned UK stakeholders/ leads,
Governance/ Internal Audit team,
External Auditors via stakeholders. External NA