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?
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Advise on DB journey planning, risk management, and endgame options (self‑sufficiency, buy‑out, surplus)
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Provide funding advice to sponsors and support compliance with the DB Funding Code
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Advise on contingent funding arrangements and special purpose vehicles (SPVs)
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Deliver pensions due diligence for mergers and acquisitions
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Support member education and communications
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Advise on benefit change, benefit design, governance, and regulatory compliance
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Analyse client data using actuarial techniques, models, and firm‑approved tools
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Produce high‑quality actuarial calculations, reports, and draft client communications
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Review and challenge actuarial assumptions and results for reasonableness
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Support end‑to‑end delivery of client projects within agreed timelines
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Assist with day‑to‑day case management, administration, and progress tracking
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Develop specialist technical knowledge and understanding of DB schemes and pensions accounting
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Maintain effective communication and collaboration within the team
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Support financial management, including billing and debt collection
What will you need?
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Strong understanding of actuarial, accounting, financial reporting standards, and pensions regulation
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Maintains up‑to‑date industry knowledge and applies KPMG methodologies
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Uses firm‑approved tools and technology to enhance quality and insight
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Applies professional scepticism, objectivity, and independence to actuarial work
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Produces high‑quality documentation and audit trails aligned to actuarial standards
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Embeds a culture of high challenge and high support, aligned to firm values
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Demonstrates curiosity and critical thinking in day‑to‑day work
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Leads and supports a coaching culture where challenge and inclusion are encouraged
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Acts with accountability, professionalism, and in the public interest
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Works collaboratively across teams, promoting inclusion, purpose, and team spirit
Skills-
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Experience in pensions actuarial work within a consultancy or Big 4 environment
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Knowledge of DB pension valuations, roll‑forward methodologies, and actuarial techniques
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Strong understanding of the UK pensions landscape and regulations
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Excellent analytical, numerical, and problem‑solving skills with strong attention to detail
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Confident communicator with strong stakeholder management and relationship‑building skills
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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: :
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London Canary Wharf
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Birmingham
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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)
For additional support in applying, please click the clinks to find out more:
Applying to KPMG: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/
Tips for interview: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/application-advice/
KPMG values: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/our-values/
KPMG Competencies: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/kpmg-competencies/
KPMG Locations and FAQ: www.kpmgcareers.co.uk/faq/?category=Experienced+professionals
KPMG Locations and FAQ: www.kpmgcareers.co.uk/faq/?category=Experienced+professionals
