Company Description M&G; is a leading international savings and investments business, managing money for around 4.2 million retail customers and over 1,000 institutional clients across 38 offices worldwide. As of 31 December 2025, the company oversaw £375.9 billion in assets under management and administration. With more than 175 years of heritage, M&G; combines asset management and insurance expertise to deliver innovative, long-term investment and savings solutions.

Its Asset

Management and Life segments work together to provide balanced offerings that help customers put their money to work with confidence. The Prudential entities associated with M&G; plc in the UK are not affiliated with Prudential Financial, Inc. in the US or Prudential plc in the UK.

Overall Job

Purpose

Working within the Model Implementation & Support team, part of the Actuarial Modelling & Valuations function in M&G; Finance, this role is responsible for coordinating the delivery of model development activity across a complex portfolio of change initiatives.

The role requires robust delivery and project management capability, with the ability to translate agreed scope into clear delivery plans, coordinate stakeholders across multiple teams, manage dependencies and risks, and maintain delivery momentum through effective governance, issue management and communication.

The role will work closely with model development teams, actuarial modelling and valuation stakeholders, delivery owners, budget holders, governance forums and assurance teams to ensure initiatives are delivered effectively and transitioned into valuation and reporting processes.

Key Responsibilities1. Scope & Prioritisation

Collaborate with stakeholders to define and shape model development scope, ensuring alignment with business priorities and strategic objectives.

Ensure changes to agreed scope are appropriately assessed, governed and agreed through the change control process.

Coordinate inputs required to assess delivery effort, dependencies, risks and delivery options.

Support agreement of funding and resource allocation with relevant budget holders.

Help prioritise initiatives across the portfolio based on business value, capacity, dependencies and delivery constraints.

2.

Delivery

Planning & Execution

Develop and maintain clear delivery plans covering scope, milestones, owners, dependencies and key deliverables.

Coordinate delivery activity across multiple model development workstreams.

Drive disciplined execution through effective resource planning, progress tracking and regular delivery check-ins.

Maintain visibility of delivery progress and ensure activities remain aligned across interdependent workstreams.

Identify emerging issues and dependencies early and coordinate appropriate actions to maintain delivery momentum.





Support effective handover of completed model development activity into valuation, reporting and operational processes.

- Progress, Risk & Issue Management

Provide regular and transparent progress updates to stakeholders, including status, risks, dependencies and actions required.

Track delivery against agreed plans, milestones, funding and resource commitments.

Identify, document and escalate risks and issues through appropriate governance channels.

Maintain RAID logs and ensure actions are actively managed through to resolution.

Highlight emerging cost, resource or delivery pressures and support appropriate mitigation.

Establish clear escalation routes and recommend actions where delivery is at risk.

- Governance & Stakeholder Communication

Prepare materials and updates for key meetings, governance forums and stakeholder reviews.

Track actions arising from governance forums and ensure appropriate follow-up and closure.

Provide clear, concise and timely communication to senior stakeholders on progress, risks, dependencies, decisions and required actions.

Coordinate with internal review and assurance teams where applicable.

Support engagement with external audit where required.

Ensure delivery activity operates within the relevant governance, change control and assurance frameworks.

- Cross-Initiative Coordination

Coordinate delivery across related model development initiatives to support a joined-up implementation approach.

Identify and manage cross-project dependencies and sequencing requirements.

Ensure related initiatives remain aligned and that impacts across workstreams are appropriately understood.

Support effective transition and handover of model changes into valuation and reporting processes.

Maintain an overall view of the development portfolio and identify opportunities to improve delivery efficiency.

Key StakeholdersInternal

Model Implementation & Support team

Actuarial Modelling & Valuations stakeholders

Model Development teams

Delivery owners and project leads

Budget holders

Governance forums

Valuation and Reporting teams

Finance stakeholders

Internal review and assurance teams

External

External auditors, where required

Other external assurance stakeholders, where applicable

Knowledge & Skills

Strong delivery and project management capability, including planning, prioritisation, dependency management and progress tracking.





Excellent stakeholder management and communication skills, with the ability to provide clear updates on progress, risks, dependencies and required actions.

Good understanding of governance, change control, RAID management and issue escalation disciplines.

Strong organisational skills and the ability to coordinate multiple workstreams simultaneously.

Ability to maintain delivery momentum within a complex and highly controlled change environment.

Strong analytical and problem-solving capability.

Ability to work effectively with senior stakeholders and challenge constructively where required.

Strong attention to detail and ability to manage multiple priorities under tight deadlines.

Experience

Experience coordinating delivery activity across a portfolio of model development or change initiatives.

Experience in scope definition, effort assessment, milestone planning, dependency management and delivery tracking.

Experience working with senior stakeholders, delivery owners, budget holders and governance forums.

Experience supporting decision-making, funding and resource alignment.

Experience in effective risk, issue and dependency escalation and resolution.

Experience working within actuarial, finance, model development, valuation, reporting or another controlled delivery environment would be advantageous.

Experience of working in a complex financial services or insurance environment would be desirable.

Experience of actuarial modelling, financial modelling or model governance would be an advantage.

Educational Qualifications

Graduate degree in Finance, Actuarial Science, Mathematics, Statistics, Economics, Business Management, Engineering or a related discipline.

Project management certification such as PMP, PRINCE2 Practitioner, AgilePM, Scrum Master, SAFe Agilist or an equivalent delivery/project management qualification is desirable.

A postgraduate qualification such as MBA, MSc, MCom, CA, CFA or an equivalent professional qualification would be advantageous.

Actuarial qualifications or progress towards actuarial examinations would be beneficial but are not mandatory.

Key Success Factors

Success in this role will be demonstrated through the ability to:

Translate complex requirements into clear, achievable delivery plans.

Maintain effective control of scope, milestones, dependencies, risks and issues.

Coordinate multiple teams and workstreams towards common outcomes.

Provide transparent and effective communication to senior stakeholders.

Identify and escalate delivery risks early, with clear recommendations for resolution.

Operate effectively within a strong governance and change-control environment.

Ensure model development initiatives are delivered smoothly into valuation and reporting processes.

📌 Project Manager – Actuarial Change & Transformation (India)
🏢 Mu0026G
📍 India