Quantitative Analyst - Insurance Solutions

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.

Through 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.

The Role

The Quantitative Analyst will support the development of analytical tools, strategic asset allocation models, and investment frameworks tailored to insurance clients across multiple jurisdictions (e.g. Solvency II, ICS).

The role combines technical modelling with commercial application.

This is an ideal opportunity for someone with strong quantitative skills who is interested in the intersection of insurance balance sheet management, investment strategy, and asset–liability optimisation.

The Team

The Insurance Solutions Team was established to leverage M&G’s dual heritage as both a major insurer and global asset manager. The team partners with insurers worldwide to design capital‑efficient, liability‑aware investment solutions that align with their regulatory, accounting, and balance‑sheet objectives.

We are seeking a Quantitative Analyst to deepen our analytical and modelling capabilities and help scale our global insurance platform.

Key Responsibilities:

• Build and enhance tools to extract, clean, and analyse data from insurance, market, and economic databases (via Python and API integrations).
• Develop and maintain strategic asset allocation (SAA) models for insurers focused on return-on-capital optimisation, solvency impact, liquidity considerations, and accounting outcomes.
• Implement scenario‑based models to assess capital efficiency, risk sensitivities, and asset-liability interactions across different regulatory frameworks.

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• Assist in the creation of tailored investment solutions, including capital‑efficient credit, private asset strategies, matching adjustment portfolios, and multi‑asset mandates.
• Evaluate impact on Solvency II SCR, economic capital, and accounting (IFRS 9/17) to support client decision-making.

• Work closely with the Insurance Sales team to respond to client requests, RFPs, and due diligence exercises.
• Partner with the in‑house Investment Analytics and Technology teams to industrialise prototype models into scalable internal tools.
• Become the team's specialist user of Ortec analytic software, supporting portfolio analysis and risk modelling.

• Conduct research on regulatory developments, insurance investment trends, alternative asset classes, and capital‑efficient portfolio construction.
• Support thought leadership initiatives and client publications where appropriate.

Key Knowledge, Skills & Experience: 

• Strong proficiency in Python (required); experience with pandas, NumPy, SciPy, Plotly, and API integration preferred.
• Familiarity with financial or economic modelling; insurance or ALM modelling experience a plus.
• Understanding of investment risk metrics, asset class characteristics, and portfolio construction concepts.
• Interest in insurance investing, balance sheet management, and regulatory capital frameworks
• Experience in asset management, insurance, consulting, or risk analytics is beneficial but not mandatory.
• Curious mindset with appetite to learn and solve complex problems.
• Ability to prioritise and work independently in a fast-paced environment.
• Comfortable working on diverse projects and adapting to evolving team priorities.

Candidates advancing to the later stages of the interview process should be prepared to complete a live Python coding exercise, either in person or through a shared-screen session.

Recruiter: Hannah Curtis

Work Level: Colleague

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.

• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.  

• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.

• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

We have a diverse workforce and an inclusive culture at M&G, 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, or neuro-divergent conditions. 

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: [email protected]