Pensions Advisory Consultant (DB Actuarial) 1

TN United Kingdom; Glasgow; On-site; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a talented Pensions Advisory Consultant to join their actuarial team in Glasgow. This role involves delivering high-quality advice on defined benefit pension schemes, collaborating with senior team members, and ensuring compliance with regulations. The ideal candidate will possess strong analytical and communication skills, along with a degree in a mathematical or financial field. Join a dynamic team that values curiosity, collaboration, and professional growth while making a significant impact in the pensions sector.

Qualifications

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

Responsibilities

• Deliver high-quality actuarial advice related to defined benefit pension schemes.
• Provide funding advice and compliance with DB funding code.
• Draft reports and ensure timely delivery of client projects.

Skills

Actuarial knowledge

Communication skills

Stakeholder management

Analytical skills

Organizational skills

Education

Degree in a mathematical or financial field

Part-qualified actuary

Tools

MS Office

Job description

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Pensions Advisory Consultant (DB Actuarial) 1, Glasgow

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Client:

KPMG

Location:

Glasgow, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

d27104e6e166

Job Views:

3

Posted:

05.05.2025

Expiry Date:

19.06.2025

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Job Description:

KPMG is expanding its Tax and Legal practice to better support clients with their pensions obligations. Our pensions team collaborates with over 2,400 colleagues across Tax and Legal, and we are adding new roles focused on providing advice on pension provision and related issues for ongoing operations and transactions.

We are seeking a talented and experienced Consultant to join our pensions actuarial team. You will deliver high-quality actuarial 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, risk management, and endgame options including use of surplus.
• Funding advice to sponsors and compliance with DB funding code.
• Pension due diligence for mergers and acquisitions.
• Member education and communication.
• Advice on benefit design, changes, and implementation.
• Governance and compliance advice.
• Pensions accounting advice.

Role Description

• Understanding of defined benefit pension schemes and actuarial liability calculations.
• Knowledge of pension accounting.
• Data analysis using actuarial techniques and models.
• Producing technical actuarial work adhering to standards and quality procedures.
• Assessing reasonableness of assumptions and results using internal tools.
• Drafting reports and emails based on outputs.
• Supporting case management and administrative tasks.
• Ensuring timely delivery of client projects.
• Developing technical expertise.
• Maintaining open communication within the team.
• Financial management including billing and debt collection.

Core Competencies

• Technical knowledge: Familiarity with actuarial, accounting, and pension regulations; staying current with industry standards.
• Technology skills: Use of approved tools and innovative solutions to improve quality and insights.
• Professional scepticism: Applying objectivity and independence in work.
• Documentation: Maintaining thorough records in line with standards.

People & Culture

• Embrace a high challenge, high support culture aligned with company values.
• Maintain a curious and sceptical mindset.
• Lead and promote a coaching culture.
• Act professionally and in the public interest.
• Be inclusive and collaborative across teams.

Experience & Knowledge

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

Skills & Attributes

• Excellent communication skills.
• Stakeholder management and relationship-building skills.
• Strong organizational skills and ability to work under pressure.
• Resilient, self-driven, and problem-solving mindset.
• Analytical skills with attention to detail.
• Team-oriented approach.

Qualifications

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