Pensions Advisory Consultant (DB Actuarial) 1

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

Job summary

An established industry player is seeking talented Pensions Advisory Consultants to enhance their actuarial team in Bristol. This role involves delivering high-quality advice on defined benefit pension schemes and collaborating with senior team members to ensure compliance and governance. You will engage in strategic planning, risk management, and member communication, all while maintaining a culture of support and professionalism. If you possess a strong background in actuarial work and are looking for a challenging yet rewarding opportunity, this position is perfect for you.

Qualifications

• Experience in pensions actuarial work, preferably in consultancy or Big 4.
• Understanding of UK pensions landscape and pension valuations.

Responsibilities

• Delivering high-quality actuarial pensions advice related to defined benefit schemes.
• Conducting pension due diligence on mergers and acquisitions.
• Providing strategic funding advice to sponsors.

Skills

Actuarial knowledge

Pension regulations

Communication skills

Analytical skills

Stakeholder management

Problem-solving

Education

Degree in a mathematical or financial field

Part-qualified actuary (FIA exams or equivalent)

Tools

MS Office

Job description

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Pensions Advisory Consultant (DB Actuarial) 1, Bristol

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Client:

KPMG

Location:

Bristol, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

298c0a3acfb7

Job Views:

12

Posted:

28.04.2025

Expiry Date:

12.06.2025

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

We are seeking 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.

Your responsibilities will include working closely with senior team members to provide:

• Strategic planning and risk management aiming for self-sufficiency or buyout, including use of surplus.
• Strategic funding advice to sponsors and compliance with DB funding code.
• 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

• Understanding of defined benefit pension schemes and actuarial liability calculations.
• Knowledge of pension accounting standards.
• Analyzing client data using actuarial techniques and models.
• Producing technical actuarial work adhering to standards and quality procedures.
• Checking assumptions and results with developed tools.
• Drafting reports and communications.
• Supporting case management and administrative tasks.
• Ensuring timely delivery of client projects.
• Developing technical expertise.
• Maintaining open communication within the team.
• Financial management, billing, and debt collection.

Core Competencies

• Technical knowledge: Relevant actuarial, accounting, and pension regulation standards; industry knowledge; leveraging methodologies.
• Technology skills: Using approved tools and innovative solutions for quality and productivity.
• Professional scepticism: Applying objectivity and independence.
• Documentation: Maintaining audit trails and quality documentation.

People & Culture

• Embed a culture of high challenge and support based on values.
• Operate with curiosity and scepticism.
• Lead and foster a coaching environment.
• Act professionally, responsibly, and ethically.
• Be inclusive and collaborative.

Experience and Knowledge Requirements

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

Skills and Attributes

• Excellent communication skills.
• Stakeholder management and relationship skills.
• Organizational and time management skills.
• Resilience and self-motivation.
• Problem-solving ability.
• Strong analytical skills.
• Teamwork and collaboration skills.

Qualifications

• Degree in a mathematical or financial field.
• Part-qualified actuary (FIA exams or equivalent).