Defined Benefit Actuarial Student – Assistant Manager

Defined Benefit Actuarial Student – Assistant Manager

Location: Birmingham, London, Manchester

Capability: Tax & Law

Type: Full Time

Business Area: Tax Managed Services

Contract type: Permanent

What will you be doing?

• Strategic journey planning, risk management aiming for self-sufficiency or buy out and endgame options including use of surplus
• Strategic funding advice to sponsors and advice on compliance with DB funding code
• Pension 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
• Pensions accounting advice
• Act as key contact with clients and deliver engagements within agreed timelines
• Collate relevant pensions data from clients, raise queries and review responses
• Run checks to assess reasonableness of actuarial assumptions and accounting results using KPMG developed tools
• Draft and initially review reporting, with sign‑off at senior level
• Maintain regular, open and honest communication whilst working in the team
• Direct and oversee the work of junior team members, including reviewing their work and providing coaching and mentoring support
• Help develop junior actuarial colleagues, including delivering technical training, improving technical knowledge and developing consulting skills
• Strong financial management, timely billing and debt collection
• Identify out‑of‑scope work and bill accordingly
• Check technical actuarial work in line with actuarial standards and KPMG quality procedures

What will you need?

• Understands relevant technical actuarial, accounting and financial reporting standards, pension regulations, and literature
• Uses firm‑approved tools and innovative technology solutions to increase quality, productivity and data insights
• Applies professional scepticism, objectivity and independence to pensions actuarial and accounting work
• Completes documentation and audit trails demonstrating an unwavering focus on quality and in line with actuarial standards
• Embraces and embeds our culture ambition of high challenge and high support rooted in Our Values
• Operates with a curious and sceptical mindset, ensuring this is embedded in everyday work
• Actively leads and embeds a coaching culture to empower others to speak up and challenge where appropriate
• Acts with accountability, professionalism and in the public interest, working for the benefit of shareholders and society
• Is inclusive and embraces the opportunity to work with other teams within the firm in an integrated way, with a sense of community, purpose and fun

Skills

• Experience of working in pensions actuarial at an employee benefit consultancy or other Big 4 firm (E)
• Basic knowledge of defined benefit pension scheme valuations, roll forward methodologies and actuarial techniques (E)
• Good technical understanding of pensions liability calculations (E)
• Understanding of the wider UK pensions landscape (E)
• Knowledge of pensions funding and accounting regime (E)
• Experience of leading and performance managing teams, coaching and mentoring junior staff (E)
• Experience of working on high quality, complex projects, including team oversight and stakeholder management (E)
• Experience of delivering benefit change, member options and end‑game journey planning (E)
• Experience of advising Trustees/corporates on scheme funding and knowledge of the regime governed by the Pensions Regulator, including the DB scheme funding code and Single Code of Practice (E)
• Experience of coaching and mentoring junior staff (D)
• IT literate with sound knowledge of MS Office tools (Excel, PowerPoint, Word) (E)
• Highly effective stakeholder management and relationship building skills; credible and confident with stakeholders at all levels
• Strong organisational and time‑management skills; able to work effectively in a fast‑paced environment with conflicting priorities and deadlines
• Effective problem solver; makes pragmatic and logical decisions, drawing on own and others’ technical expertise to provide high‑quality solutions
• Strong analytical and numerical skills; able to analyse and interpret complex technical statistical information, with a focus on quality, attention to detail and accuracy in calculations
• Effective team‑working skills; works collaboratively with others towards shared goals
• Part qualified actuary having passed at least 5 of the FIA exams (or equivalent) (D)

Our Locations

• London Canary Wharf
• 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.

We’re committed to creating an inclusive environment where all colleagues thrive and reach their full potential, whatever their identity or background.

We’re a member of the Business Disability Forum and invite you to discuss any adjustments you might need in the application process – and if you are successful beyond this.

We are a recognised leader in the Government’s scheme and offer a Guaranteed Interview Scheme for all experienced professional opportunities.

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