Defined Benefit Actuarial Student - Consultant

Location:

London

Category: Pensions

Business Unit:

Defined Benefit Actuarial Student - Consultant

Location- London, Birmingham, Manchester

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
Maintains up‑to‑date industry knowledge and applies KPMG methodologies
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
Highly organised, self‑driven team player able to perform in a fast‑paced, high‑pressure environment

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 for are: :

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.

Find out More:

Within Tax we have a range of divisions and specialisms. Click the links to find out more below:

Tax at KPMG Tax & Law (kpmgcareers.co.uk)

About our firm: About our firm (kpmgcareers.co.uk)

KPMG Culture. Being Inclusive: Being inclusive (kpmgcareers.co.uk)

KPMG Workability and Disability confidence: Need Support? Let us know (kpmgcareers.co.uk)

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KPMG Locations and FAQ: www.kpmgcareers.co.uk/faq/?category=Experienced+professionals