Pensions Advisory Consultant (DB Actuarial) 1

TN United Kingdom; Manchester; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading consultancy is seeking a Pensions Advisory Consultant to join its expanding pensions actuarial team in Manchester. The role involves delivering high-quality actuarial advice on defined benefit pension schemes, conducting due diligence, and ensuring compliance with funding regulations. Ideal candidates will have experience in pensions actuarial work, strong analytical skills, and a degree in a relevant field.

Qualifications

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

Responsibilities

• Deliver high-quality actuarial advice on defined benefit pension schemes.
• Conduct pension due diligence on mergers and acquisitions.
• Ensure compliance with DB funding code.

Skills

Communication

Stakeholder management

Analytical skills

Problem-solving

Teamwork

Education

Degree in a mathematical or financial field

Part-qualified actuary with some FIA exams passed

Tools

MS Office

Job description

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Pensions Advisory Consultant (DB Actuarial) 1, Manchester

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Client:

KPMG

Location:

Manchester, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

08e42fdfe6ef

Job Views:

2

Posted:

21.05.2025

Expiry Date:

05.07.2025

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Job Description:

KPMG is expanding its Tax and Legal practice to better support clients with their pension obligations. Our pensions team collaborates with over 2,400 colleagues, focusing on providing advice on pension matters related to ongoing operations and transactions.

We are seeking a talented and experienced Consultant to join our pensions actuarial team. Your responsibilities will include delivering high-quality actuarial advice on defined benefit pension schemes in the private sector.

You will work closely with senior team members and be responsible for:

• Strategic planning, risk management, and endgame options including surplus use.
• Providing strategic funding advice to sponsors and ensuring compliance with DB funding code.
• Conducting pension due diligence on mergers and acquisitions.
• Providing member education and communication.
• Advising on benefit changes, design, and implementation.
• Ensuring good governance and compliance.
• Offering pensions accounting advice.

Description of the Role

• Understanding defined benefit pension schemes and actuarial liability calculations.
• Understanding pension accounting.
• Analyzing client data using actuarial techniques and models.
• Producing technical actuarial work aligned with standards and quality procedures.
• Checking reasonableness of assumptions and results with developed tools.
• Generating draft reports/emails from outputs.
• Supporting day-to-day case management and tracking procedures.
• Handling end-to-end client project tasks within deadlines.
• Developing technical expertise.
• Maintaining open communication within the team.
• Ensuring timely billing and debt collection.

Technical core competencies

The relevant competencies include:

• Technical knowledge: Knowledge of technical actuarial, accounting, and pension regulations; leveraging KPMG methodologies.
• Technology skills: Using approved tools and innovative solutions to improve quality and insights.
• Professional scepticism: Applying objectivity and independence in work.
• Documentation: Maintaining thorough documentation and audit trails.

People & Culture

• Embrace our culture of high challenge and support, grounded in our values.
• Operate with curiosity and scepticism.
• Lead and embed a coaching culture.
• Act professionally, responsibly, and in the public interest.
• Be inclusive, collaborative, and community-oriented.

Experience and Knowledge Requirements

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

Behavioural Attributes and Skills

• Excellent communication skills.
• Stakeholder management and relationship-building skills.
• Organizational and time management skills.
• Resilience and self-drive.
• Problem-solving abilities.
• Strong analytical skills.
• Teamwork skills.

Qualifications

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