Defined Benefit Actuarial Student - Consultant in London

KPMG’s Pensions Advisory business continues to build out its new pensions team, and requires individuals that can bring different skill sets to the team. We are looking for a talented Consultant to join our team, who will be responsible for working closely with colleagues in defined benefit pensions.

What will you be doing?

• Advise on DB journey planning, risk management, and endgame options (self‑sufficiency, buy‑out, surplus)
• Provide funding advice to sponsors and support compliance with the DB Funding Code
• Advise on contingent funding arrangements and special purpose vehicles (SPVs)
• Deliver pensions due diligence for mergers and acquisitions
• Support member education and communications
• Advise on benefit change, benefit design, governance, and regulatory compliance
• Analyse client data using actuarial techniques, models, and firm‑approved tools
• Produce high‑quality actuarial calculations, reports, and draft client communications
• Review and challenge actuarial assumptions and results for reasonableness
• Support end‑to‑end delivery of client projects within agreed timelines
• Assist with day‑to‑day case management, administration, and progress tracking
• Develop specialist technical knowledge and understanding of DB schemes and pensions accounting
• Maintain effective communication and collaboration within the team
• Support financial management, including billing and debt collection

What will you need?

• Strong understanding of actuarial, accounting, financial reporting standards, and pensions regulation
• Uses firm‑approved tools and technology to enhance quality and insight
• Applies professional scepticism, objectivity, and independence to actuarial work
• Produces high‑quality documentation and audit trails aligned to actuarial standards
• Embeds a culture of high challenge and high support, aligned to firm values
• Demonstrates curiosity and critical thinking in day‑to‑day work
• Leads and supports a coaching culture where challenge and inclusion are encouraged
• Acts with accountability, professionalism, and in the public interest
• Works collaboratively across teams, promoting inclusion, purpose, and team spirit

Skills

• Experience in pensions actuarial work within a consultancy or Big 4 environment
• Knowledge of DB pension valuations, roll‑forward methodologies, and actuarial techniques
• Strong understanding of the UK pensions landscape and regulations
• Excellent analytical, numerical, and problem‑solving skills with strong attention to detail
• Confident communicator with strong stakeholder management and relationship‑building skills

Qualifications

• Undergraduate degree with a mathematical / financial nature (E)
• Training to be a qualified actuary - FIA (or equivalent) (E)

Our Locations: We are open to talk to talent across the country but our core hubs are: London, Birmingham, Manchester. With 20 sites across the UK, we can potentially facilitate office work, working from home, flexible hours, and part-time options. If you have a need for flexibility, please register and discuss this with our team.