Pensions Advisory Consultant (DB Actuarial) 1

TN United Kingdom; Cambridge; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading consultancy firm is seeking a Pensions Advisory Consultant to enhance its Tax and Legal practice in Cambridge. The role involves providing expert actuarial advice on defined benefit pension schemes, collaborating with senior team members, and ensuring compliance with pension regulations. Ideal candidates will have a degree in a mathematical or financial field and experience in pensions actuarial work, preferably within a consultancy environment.

Qualifications

• Experience in pensions actuarial work, preferably in a consultancy or Big 4.
• Basic knowledge of pension valuations and the UK pensions landscape.

Responsibilities

• Deliver high-quality actuarial pensions advice related to defined benefit pension schemes.
• Analyze client data using actuarial techniques and models.
• Draft reports based on outputs and assist with project delivery.

Skills

Communication

Stakeholder management

Problem-solving

Analytical skills

Numerical skills

Teamwork

Education

Degree in a mathematical or financial field

Part-qualified actuary with some FIA exams passed

Tools

MS Office

Job description

Social network you want to login/join with:

Pensions Advisory Consultant (DB Actuarial) 1, Cambridge

col-narrow-left

Client:

KPMG

Location:

Cambridge, United Kingdom

Job Category:

Other

-

EU work permit required:

Yes

col-narrow-right

Job Reference:

bcf6b3ba51f6

Job Views:

3

Posted:

19.05.2025

Expiry Date:

03.07.2025

col-wide

Job Description:

KPMG is enhancing its Tax and Legal practice by expanding our ability to offer support to our clients in connection to their pensions obligations. Our pensions team works alongside our 2,400 plus Tax and Legal colleagues, and the new roles we are adding to the team will be focused on delivering advice across our client base on matters related to pension provision and other pensions issues related to ongoing operations and transactions.

We are now looking for talented and experienced Consultants to join our pensions actuarial team. You will be responsible for delivering high-quality actuarial pensions advice related to defined benefit pension schemes in the private sector.

You will work closely with senior team members, providing:

• Strategic journey planning and risk management, aiming for self-sufficiency or buyout and endgame options, including surplus use.
• Strategic funding advice to sponsors and compliance advice with DB funding code.
• Pension due diligence for mergers and acquisitions.
• Member education and communication.
• Advice on benefit changes, design, and implementation.
• Good governance and compliance advice.
• Pensions accounting advice.

Description of the Role

• Understand defined benefit pension schemes and actuarial liability calculations.
• Understand pension accounting.
• Analyze client data using actuarial techniques and models.
• Produce technical actuarial work adhering to standards and quality procedures.
• Check reasonableness of assumptions and results using KPMG tools.
• Draft reports/emails based on outputs.
• Assist with case management and administration.
• Support project delivery within timelines.
• Develop technical knowledge.
• Maintain open communication within the team.
• Manage financials, billing, and collections.

Technical core competencies required for the role

The relevant competencies are:

• Technical knowledge: Knowledge of actuarial, accounting, and pension regulations; stay current on industry standards.
• Technology skills: Use approved tools and innovative solutions for quality and insights.
• Professional scepticism: Apply objectivity and independence in work.
• Documentation: Maintain thorough documentation and audit trails.

People & Culture

• Embrace high challenge, high support culture aligned with Our Values.
• Operate with curiosity and scepticism.
• Lead and foster a coaching culture.
• Act professionally and in the public interest.
• Be inclusive and collaborative across teams.

Experience and Knowledge Requirements

• Experience in pensions actuarial work, preferably in a consultancy or Big 4.
• Basic knowledge of pension valuations, methodologies, and the UK pensions landscape.
• Proficiency in MS Office tools.

Behavioural Attributes and Skills

• Excellent communication skills.
• Stakeholder management and relationship skills.
• Organizational and time management skills.
• Resilience and self-drive.
• Problem-solving skills.
• Analytical and numerical skills.
• Teamwork skills.

Qualifications

• Degree in a mathematical or financial field.
• Part-qualified actuary with some FIA exams passed.