Job description
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?
1. Advise on DB journey planning, risk management, and endgame options (self‑sufficiency, buy‑out, surplus)
2. Provide funding advice to sponsors and support compliance with the DB Funding Code
3. Advise on contingent funding arrangements and special purpose vehicles (SPVs)
4. Deliver pensions due diligence for mergers and acquisitions
5. Support member education and communications
6. Advise on benefit change, benefit design, governance, and regulatory compliance
7. Analyse client data using actuarial techniques, models, and firm‑approved tools
8. Produce high‑quality actuarial calculations, reports, and draft client communications
9. Review and challenge actuarial assumptions and results for reasonableness
10. Support end‑to‑end delivery of client projects within agreed timelines
11. Assist with day‑to‑day case management, administration, and progress tracking
12. Develop specialist technical knowledge and understanding of DB schemes and pensions accounting
13. Maintain effective communication and collaboration within the team
14. Support financial management, including billing and debt collection
What will you need?
15. Strong understanding of actuarial, accounting, financial reporting standards, and pensions regulation
16. Maintains up‑to‑date industry knowledge and applies KPMG methodologies
17. Uses firm‑approved tools and technology to enhance quality and insight
18. Applies professional scepticism, objectivity, and independence to actuarial work
19. Produces high‑quality documentation and audit trails aligned to actuarial standards
20. Embeds a culture of high challenge and high support, aligned to firm values
21. Demonstrates curiosity and critical thinking in day‑to‑day work
22. Leads and supports a coaching culture where challenge and inclusion are encouraged
23. Acts with accountability, professionalism, and in the public interest
24. Works collaboratively across teams, promoting inclusion, purpose, and team spirit
Skills-
25. Experience in pensions actuarial work within a consultancy or Big 4 environment
26. Knowledge of DB pension valuations, roll‑forward methodologies, and actuarial techniques
27. Strong understanding of the UK pensions landscape and regulations
28. Excellent analytical, numerical, and problem‑solving skills with strong attention to detail
29. Confident communicator with strong stakeholder management and relationship‑building skills
30. 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: :
31. London Canary Wharf
32. Birmingham
33. 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:
Tips for interview:
KPMG values:
KPMG Competencies:
KPMG Locations and FAQ:
KPMG Locations and FAQ: