Pensions Advisory Consultant (DB Actuarial) 1

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

Job summary

An established industry player is seeking talented Consultants to join their pensions actuarial team in Sheffield. This role involves delivering high-quality actuarial advice related to defined benefit pension schemes, working closely with senior team members to provide strategic planning, risk management, and compliance advice. The ideal candidate will have a strong actuarial background, excellent communication skills, and the ability to analyze complex data. Join a forward-thinking company that values collaboration and professional development, and make a significant impact on clients' pension obligations.

Qualifications

• Experience in pensions actuarial work, preferably in consultancy.
• Basic knowledge of pension valuations and UK pensions landscape.

Responsibilities

• Deliver high-quality actuarial pensions advice for defined benefit schemes.
• Analyze client data using actuarial techniques and produce reports.
• Support case management and ensure timely delivery of projects.

Skills

Actuarial Techniques

Communication Skills

Stakeholder Management

Problem Solving

Time Management

Education

Undergraduate Degree in Mathematics/Finance

Part-qualified Actuary

Tools

MS Office (Excel, PowerPoint, Word)

Job description

Social network you want to login/join with:

Pensions Advisory Consultant (DB Actuarial) 1, Sheffield

col-narrow-left

Client:

KPMG

Location:

Sheffield, United Kingdom

Job Category:

Other

-

EU work permit required:

Yes

col-narrow-right

Job Reference:

488a363bced4

Job Views:

9

Posted:

26.04.2025

Expiry Date:

10.06.2025

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 over 2,400 Tax and Legal colleagues, and the new roles we are adding will focus on delivering advice across our client base on pensions provision and related issues concerning 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.

You will work closely with senior team members, providing:

• Strategic planning and risk management for self-sufficiency or buyout, including surplus use.
• Strategic funding advice to sponsors and compliance with DB funding code.
• Pension due diligence for mergers and acquisitions.
• Member education and communication.
• Advice on benefit changes, design, and implementation.
• 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.
• Assess reasonableness of assumptions and results using tools.
• Generate initial reports/emails from outputs.
• Support case management and administrative tasks.
• Ensure timely delivery of client projects.
• Develop technical expertise.
• Maintain open communication within the team.
• Manage financial aspects like billing and debt collection.

Core Competencies

The relevant competencies are:

• Technical knowledge: Current on actuarial, accounting, financial reporting standards, and pension regulations, leveraging KPMG methodologies.
• Technology skills: Use of 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 values.
• Embed a sceptical mindset in daily work.
• Lead and foster a coaching culture.
• Act with accountability, professionalism, and societal responsibility.
• Be inclusive and collaborative across teams.

Experience and Knowledge

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

Skills and Attributes

• Excellent communication skills, able to clarify complex matters.
• Strong stakeholder management and relationship-building skills.
• Organized with effective time management.
• Self-driven, resilient, and able to work under pressure.
• Pragmatic problem solver with analytical skills.
• Collaborative team player.

Qualifications

• Mathematically/financially oriented undergraduate degree.
• Part-qualified actuary with some FIA exams passed.