Defined Benefit Actuarial- Assistant Manager at KPMG UK | England | Rezi

Defined Benefit Actuarial- Assistant Manager at KPMG UK

Defined Benefit Actuarial- Assistant Manager

KPMG UK · England

1 weeks ago

Defined Benefit Actuarial- Assistant Manager

KPMG UK · England

12 days ago
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About the Role

KPMG's Pensions Advisory business is expanding its pensions team and seeking talented individuals to deliver high-quality actuarial advice for defined benefit pension schemes, with a focus on both public and private sectors.

Responsibilities

  • Provide strategic journey planning, risk management, and endgame options for pension schemes.
  • Offer strategic funding advice to sponsors and ensure compliance with DB funding codes.
  • Conduct pension due diligence for mergers and acquisitions.
  • Deliver member education and communication services.
  • Advise on benefit changes, design, and implementation.
  • Provide guidance on good governance and compliance.
  • Offer pensions accounting advice.
  • Serve as a key client contact and manage engagements within timelines.
  • Gather and query client pension data, reviewing responses.
  • Assess the reasonableness of actuarial assumptions and accounting results using KPMG tools.
  • Draft and initially review reporting, with senior-level sign-off.
  • Maintain open and honest communication within the team.
  • Direct and oversee junior team members, including reviewing work and providing coaching.
  • Develop junior actuarial colleagues through technical training and skill enhancement.
  • Manage financial aspects, including timely billing and debt collection.
  • Identify and bill for out-of-scope work.
  • Ensure technical actuarial work complies with standards and KPMG quality procedures.

Requirements

  • Understand technical actuarial, accounting, and financial reporting standards, pension regulations, and literature.
  • Stay current with industry knowledge and leverage KPMG methodologies.
  • Utilize firm-approved tools and technology for quality, productivity, and data insights.
  • Apply professional skepticism, objectivity, and independence to actuarial and accounting work.
  • Maintain complete documentation and audit trails demonstrating a focus on quality.
  • Embrace a culture of high challenge and high support, grounded in KPMG Values.
  • Operate with a curious and skeptical mindset in daily work.
  • Lead and embed a coaching culture to empower team members.
  • Be accountable, professional, and act in the public interest.
  • Work inclusively and collaboratively with other teams across the firm.
  • Experience in pensions actuarial at an employee benefit consultancy or Big 4 firm.
  • Basic knowledge of defined benefit pension scheme valuations, roll forward methodologies, and actuarial techniques.
  • Good technical understanding of pensions liability calculations.
  • Understanding of the wider UK pensions landscape.
  • Knowledge of pensions funding and accounting regimes.
  • Experience leading and performance managing teams, coaching, and mentoring junior staff.
  • Experience on complex projects, including team oversight and stakeholder management.
  • Experience delivering benefit change, member options, and end game journey planning.
  • Experience advising Trustees/corporates on scheme funding and knowledge of the Pensions Regulator's regime, including the DB scheme funding code and Single Code of Practice.
  • IT literate with strong MS Office skills (Excel, PowerPoint, Word).
  • Highly effective stakeholder management and relationship-building skills.
  • Strong organizational and time management skills, able to work in a fast-paced environment.
  • Effective problem-solving skills, making pragmatic and logical decisions.
  • Strong analytical and numerical skills, with attention to detail and accuracy.
  • Effective team working skills, collaborating towards shared goals.

Skills

  • Defined benefit pension scheme valuations
  • Roll forward methodologies
  • Actuarial techniques
  • Pensions liability calculations
  • UK pensions landscape
  • Pensions funding and accounting regimes
  • Team leadership and performance management
  • Coaching and mentoring
  • Complex project management
  • Stakeholder management
  • Benefit change
  • Member options
  • End game journey planning
  • Scheme funding advice
  • Pensions Regulator's regime
  • DB scheme funding code
  • Single Code of Practice
  • MS Office Suite (Excel, PowerPoint, Word)
  • Stakeholder management
  • Relationship building
  • Organizational skills
  • Time management
  • Problem-solving
  • Analytical skills
  • Numerical skills
  • Teamwork

Location

  • London Canary Wharf
  • Birmingham
  • Manchester

Work Type

  • Office work
  • Working from home
  • Flexible hours
  • Part-time options

Experience Level

  • Assistant Manager
  • Part qualified actuary having passed at least 5 of the FIA exams (or equivalent)

Education Level

  • Part qualified actuary having passed at least 5 of the FIA exams (or equivalent)

About the Company

  • KPMG's Pensions Advisory business is building out its new pensions team.
  • KPMG Culture: Being Inclusive.
  • KPMG Workability and Disability confidence.