Pensions Advisory Consultant (DB Actuarial) 1

TN United Kingdom; Birmingham; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a talented Pensions Advisory Consultant to enhance its Tax and Legal practice. This role involves delivering high-quality actuarial advice on defined benefit pension schemes and collaborating with a skilled team to provide strategic funding advice, compliance guidance, and pension due diligence. The ideal candidate will possess strong analytical skills, a solid understanding of the UK pensions landscape, and excellent communication abilities. Join a dynamic team dedicated to supporting clients in meeting their pensions obligations and driving impactful solutions.

Qualifications

• Experience in pensions actuarial work in a consultancy or Big 4 firm.
• Knowledge of pension scheme valuations and actuarial techniques.

Responsibilities

• Deliver high-quality actuarial pensions advice related to defined benefit schemes.
• Analyze client data using actuarial techniques and models.

Skills

Pensions Actuarial Work

Risk Management

Stakeholder Management

Communication Skills

Analytical Skills

Education

Undergraduate Degree in Mathematical or Financial Field

Part-Qualified Actuary

Tools

MS Office

Job description

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Pensions Advisory Consultant (DB Actuarial) 1, Birmingham

Client: KPMG-UnitedKingdom

Location: Birmingham, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Reference: 3da3c0357990

Job Views: 13

Posted: 28.04.2025

Expiry Date: 12.06.2025

Job Description:

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 over 2,400 Tax and Legal colleagues, and the new roles we are adding will focus on delivering advice across our client base regarding pension provision and related issues in ongoing operations and transactions.

We are seeking a talented and experienced Consultant 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 to provide:

• Strategic journey planning, risk management for self-sufficiency or buyout, and endgame options including surplus use.
• Strategic funding advice to sponsors and guidance on DB funding code compliance.
• Pension due diligence on 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 developed tools.
• Use outputs to generate draft reports and communications.
• Support daily case management, including administration and tracking.
• Participate in end-to-end client project tasks, ensuring timely delivery.
• Develop technical expertise.
• Maintain open communication within the team.
• Manage financial aspects, billing, and debt collection.

Technical core competencies required for the role

The relevant competencies include:

• Technical knowledge: Knowledge of relevant actuarial, accounting, and financial reporting standards, pension regulations, and literature. Stay current and leverage KPMG methodologies.
• Technology skills: Use approved tools and innovative solutions to enhance quality and insights.
• Professional scepticism: Apply objectivity and independence in work.
• Documentation: Complete documentation demonstrating quality and compliance with standards.

People & Culture

• Embed a culture of high challenge and support aligned with our values.
• Maintain a curious and sceptical mindset.
• Lead and foster a coaching environment.
• Act professionally and in the public interest.
• Be inclusive and collaborative across teams.

Experience and Knowledge Requirements

• Experience in pensions actuarial work in a consultancy or Big 4 firm. (D)
• Basic knowledge of pension scheme valuations and actuarial techniques. (D)
• Understanding of the UK pensions landscape. (D)
• Proficient in MS Office tools. (E)

Behavioural Attributes and Skills

• Excellent communication skills.
• Strong stakeholder management and relationship skills.
• Effective organization and time management.
• Self-driven and resilient.
• Effective problem-solving skills.
• Strong analytical skills with attention to detail.
• Collaborative team player.

Qualifications

• Undergraduate degree in a mathematical or financial field. (E)
• Part-qualified actuary with some FIA exams passed. (D)

E - Essential, D - Desirable