Defined Benefit Actuarial Student Consultant in City of 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.

• Journey planning and risk management, aiming for self-sufficiency or buy out, and endgame options including use of surplus.
• Funding advice to sponsors and advice on compliance with DB funding code.
• Advice on contingent funding options and work on special purpose vehicles.
• Pensions due diligence on mergers and acquisitions.
• Provision of member education and communication.
• Advice on benefit change, benefit design and implementation.
• Advice on good governance and compliance.
• Gain understanding of defined benefit pension schemes and actuarial liability calculations.
• Gain understanding of accounting for pensions.
• Responsible for analysing client data and information using actuarial techniques and central models.
• Producing technical actuarial work in line with actuarial standards and KPMG quality procedures.
• Running checks to assess reasonableness of actuarial assumptions and results, using KPMG developed tools.
• Supporting with end to end tasks for client projects and ensure delivery within agreed timeframes.
• Develop strong financial management, timely billing and debt collection.
• Understands relevant technical actuarial, accounting and financial reporting standards, pension regulations and legislation.
• Uses firm-approved tools and innovative technology solutions to increase quality, productivity and data insights.
• Applies professional scepticism, objectivity and independence to pensions actuarial work.
• Completes documentation and audit trails demonstrating an unwavering focus on quality and in line with the actuarial standards.
• Actively lead and embed a coaching culture to get the best out of others in an environment where everyone in the team feels empowered to speak up or challenge where appropriate.
• Have a sense of community, purpose and fun.
• Experience of working in pensions actuarial at either an employee benefit consultancy or other Big 4 firm.
• Basic knowledge of defined benefit pension scheme valuations, roll forward methodologies, and actuarial techniques.
• Understanding of the wider UK pensions landscape.
• IT literate with sound knowledge and experience of MS Office tools (Excel, PowerPoint and Word).
• Highly effective stakeholder management and relationship building skills; makes pragmatic and logical decisions, drawing on own and others’ technical expertise to provide high quality solutions.
• Able to analyse and interpret complex technical statistical information, with a focus on quality, attention to details and accuracy in calculations.
• Undergraduate degree with a mathematical / financial nature.
• Training to be a qualified actuary - FIA (or equivalent).

We are open to talk to talent across the country but our core hubs are: With 20 sites across the UK, we can potentially facilitate office work, working from home, flexible hours, and part-time options.