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Join M&G India as a Technician – Liability Valuation, supporting PALM model operations, data setup and model testing in a digital, AI‑driven environment.
Be part of a diverse, innovative team in Mumbai, leveraging VBA, Python, Power BI and actuarial skills to deliver accurate, compliant solutions.
About M&G India
We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.
Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.
Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.
About M&G
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.
Responsibilities
Set up assumptions and data on the PALM model coded in RAFM, run the model and process output in required format as per user request form
Interact with Mumbai team members and also the run requestors (Customers) to prioritise runs effectively without breaching any timelines and also to understand the purpose of the run when required
Maintain an ‘audit trail’ and version control to demonstrate the adequacy of the spreadsheet controls for future enhancements to the product
Perform Model Testing (Operational Acceptance Testing) as per release scope and business requirement
Draft and maintain up-to-date, appropriate documentation and checklists for any processes that are implemented
Support projects as per requirement and BAU queries from other areas of business
Work in a structured and logical way with a lot of focus high degree of accuracy
Ability to identify and understand business issues, and understand the impact on the business of proposed solutions
Seek and act on opportunities to develop technical and business understanding
Compliance – Ensure understanding and adherence to M&G India’s Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements
Problem Solving
Ability to confidently express own viewpoint and to clearly and simply communicate issues within their team
Ability to develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met
Maintain and develop knowledge of technical requirements of job together with the framework in which M&G India operates
Accountability
Liaise with development, business and systems support teams
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
Knowledge & Skills
A numerical based degree or Post Graduate qualification
Some technical understanding of various tools and techniques used eg: VBA, Python, Power BI and/or other relevant Actuarial applications
Strong numerical and spreadsheet (Excel) skills
Confidence & excellent communication – written and verbal
Track record of being a fast learner
Resourceful in finding solutions and identifying sources of help and information
Strong problem-solving skills
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
Good knowledge of the Insurance business with ability to understand Actuarial terms and calculations.
Experience
Up to 0-3 years of relevant work experience or relevant experience in BFSI
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.