Pensions Actuarial Assistant Manager

3 weeks ago

Birmingham, Birmingham, United Kingdom KPMG-UnitedKingdom Full time
Pensions Actuarial Assistant Manager Role

KPMG-UnitedKingdom is enhancing its Tax and Legal practice by expanding its ability to offer support to clients in connection with their pensions obligations. Our pensions team works alongside 2,400 plus Tax and Legal colleagues, and the new roles we are adding to the team will be focused on delivering advice across our client base to advise them on matters relating to their pension provision and other pensions-related issues.

We are now looking for talented and experienced Assistant Managers to join our pensions actuarial team. You will be responsible for delivering high-quality, actuarial pensions advice in relation to defined benefit pension schemes with a focus on the public sector but also schemes in the private sector.

You will work closely with senior members of the team in this service line, which will involve providing:
  1. Strategic journey planning, risk management aiming for self-sufficiency or buy-out and end-game options including the use of surplus.
  2. Strategic funding advice to sponsors and advice on compliance with DB funding code.
  3. Pension due diligence on mergers and acquisitions.
  4. Provision of member education and communication.
  5. Advice on benefit change, benefit design, and implementation.
  6. Advice on good governance and compliance.
  7. Pensions accounting advice.


You will have responsibility for maintaining day-to-day relationships with clients and ensuring delivery to agreed timescales. You will also have responsibility for supervising junior team members, providing coaching and developmental support to assist them in the delivery of engagements.

Description of the Role

  1. Acting as key contact with clients and delivering engagements within agreed timelines.
  2. Collating relevant pensions data and information from clients and raising queries and reviewing responses.
  3. Running checks to assess the reasonableness of actuarial assumptions and accounting results, using KPMG-developed tools.
  4. Drafting and initial reviewing of reporting, with sign-off at senior level.
  5. Maintaining regular, open, and honest communication while working in the team.
  6. Directing and overseeing the work of junior team members, including reviewing their work, and providing coaching and mentoring support.
  7. Helping to develop junior actuarial colleagues, including delivering technical training, improving technical knowledge, and developing consulting skills.
  8. Strong financial management, timely billing, and debt collection.
  9. Ability to identify out-of-scope work and bill accordingly.
  10. Checking technical actuarial work in line with actuarial standards and, in line with KPMG quality procedures.

Technical Core Competencies Required for the Role

  1. Technical Knowledge: Understands relevant technical actuarial, accounting, and financial reporting standards, pension regulations, and literature.
  2. Exhibits and stays current on appropriate industry and specialized knowledge, and leverages KPMG methodologies.
  3. Technology Skills: Uses firm-approved tools and innovative technology solutions to increase quality, productivity, and data insights.
  4. Professional Scepticism: Applies professional scepticism, objectivity, and independence to pensions actuarial and accounting work.
  5. Documentation: Completes documentation and audit trails demonstrating an unwavering focus on quality and in line with the actuarial standards.

People & Culture

  1. Embracing and embedding our culture ambition of high challenge, high support, which is grounded in Our Values.
  2. Operating with a curious and sceptical mindset, ensuring that this is embedded in your everyday work.
  3. Actively leading and embedding 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.
  4. Being accountable, professional, and acting in the public interest, working for the benefit of shareholders of audited entities and wider society.
  5. Being inclusive and embracing the opportunity to work with other teams within Audit and across the firm in an integrated way. Having a sense of community, purpose, and fun.

Experience and Knowledge Requirements

  1. Experience of working in pensions actuarial at either an employee benefit consultancy or other Big 4 firm.
  2. Basic knowledge of defined benefit pension scheme valuations, roll-forward methodologies, and actuarial techniques.
  3. Good technical understanding of pensions liability calculations.
  4. Understanding of the wider UK pensions landscape.
  5. Knowledge of pensions funding and accounting regime.
  6. Experience of leading and performance managing teams, coaching, and mentoring junior staff.
  7. Experience of working on high-quality, complex projects, including team oversight and stakeholder management.
  8. Experience of delivering benefit change, member options, and end-game journey planning.
  9. 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.
  10. Experience of coaching and mentoring junior staff.
  11. IT literate with sound knowledge and experience of MS Office tools (Excel, PowerPoint, and Word).

Behavioural Attributes and Skills

  1. Excellent written and verbal communication skills; able to communicate complex matters in a clear and compelling manner.
  2. Highly effective stakeholder management and relationship-building skills; credible and confident with stakeholders at all levels.
  3. Strong organisational and time management skills; able to work effectively in a fast-paced environment with conflicting priorities and deadlines.
  4. Self-driven and resilient; able to thrive in a high-pressure environment.
  5. Effective problem solver; makes pragmatic and logical decisions, drawing on own and others' technical expertise to provide high-quality solutions.
  6. Strong analytical and numerical skills; able to analyse and interpret complex technical statistical information, with a focus on quality, attention to details, and accuracy in calculations.
  7. Effective team-working skills; works collaboratively with others towards shared goals.
  8. IT literate with sound knowledge and experience of MS Office tools (Excel, PowerPoint, and Word).

Qualifications

  1. Part-qualified actuary having passed at least 5 of the FIA exams (or equivalent).

E - Essential, D - Desirable

  • Pensions Actuarial Assistant Manager

    4 weeks ago

    Birmingham, Birmingham, United Kingdom KPMG-UnitedKingdom Full time

    Pensions Actuarial Assistant Manager RoleKPMG-UnitedKingdom is enhancing its Tax and Legal practice by expanding our ability to offer support to our clients in connection to their pensions obligations. Our pensions team works alongside our 2,400 plus Tax and Legal colleagues and the new roles we are adding to the team will be focussed on delivering advice...

  • Pension Actuary Manager

    4 weeks ago

    Birmingham, Birmingham, United Kingdom Deloitte LLP Full time

    About the RolePension Actuary ManagerWe are seeking a highly skilled Pension Actuary Manager to join our Actuarial, Pensions and Rewards Practice within the Audit and Assurance Line. As a Pension Actuary Manager, you will be responsible for independently testing pensions liability calculations and benchmarking proposed assumptions for corporate accounts. You...

  • Pension Actuary Manager

    2 weeks ago

    Birmingham, Birmingham, United Kingdom Deloitte LLP Full time

    About the Role:Deloitte LLP is seeking an experienced Pension Actuary Manager to join our rapidly growing Actuarial, Pensions and Rewards Practice. As a key member of our team, you will be responsible for delivering high-quality audit and assurance services to trustees and corporate sponsors of pension schemes.Key Responsibilities:Independently test pensions...

  • Actuarial Pension Specialist

    4 weeks ago

    Birmingham, Birmingham, United Kingdom WTW Full time

    Pension Actuary RoleYou will be joining WTW as a nearly or newly qualified actuary with experience working on core UK defined benefit pensions actuarial work. This role involves integrated risk management, asset/liability modelling, and mergers and acquisitions. You will work as part of a team, building relationships and liaising effectively with colleagues....

  • Pension Actuary Director

    3 weeks ago

    Birmingham, Birmingham, United Kingdom Deloitte LLP Full time

    About the RoleDeloitte LLP is seeking a highly skilled Pension Actuary Director to join our Actuarial, Pensions and Rewards Practice. As a key member of our team, you will be responsible for providing expert actuarial advice to clients, delivering high-quality audit and assurance services, and contributing to the growth and development of our practice.Key...

  • Actuarial Consultant

    4 weeks ago

    Birmingham, Birmingham, United Kingdom careers4a - Jobboard Full time

    Actuarial Consultant - Pensions ExpertWe are seeking an experienced Actuarial Consultant to join our team at a leading financial services firm. The ideal candidate will have a strong background in pensions and a proven track record of delivering high-quality actuarial services.Key Responsibilities:Manage multiple projects across a portfolio of clients and...

  • Actuarial Consultant

    4 weeks ago

    Birmingham, Birmingham, United Kingdom Hymans Robertson Full time

    Job SummaryHymans Robertson is seeking an experienced Actuarial Consultant to join our team. As an Actuarial Consultant, you will provide high-quality services to clients in the field of actuarial and wider benefit consulting.Key ResponsibilitiesEnsure that work prepared by the team meets a high-quality standard of service for clients.Build strong...

  • Actuarial Consultant for Pensions Advancement

    3 days ago

    Birmingham, Birmingham, United Kingdom LGBT Great Full time

    At Aon, we empower our colleagues and clients to make informed decisions that shape the future of their pensions.A key aspect of this role is to develop your skills in actuarial consulting, working closely with our team to provide expert advice on pension schemes.This position requires a strong analytical mind and excellent problem-solving skills, as you...

  • Associate Director, Pension Actuary, Assurance

    4 weeks ago

    Birmingham, Birmingham, United Kingdom Deloitte LLP Full time

    Job Opportunity Connect to your career at Deloitte LLP The Actuarial, Pensions and Rewards Practice within the Audit and Assurance Line is a rapidly growing team of actuaries, employee benefits specialists and modelling experts. The team provides audit and assurance services to trustees and corporate sponsors of pension schemes. The team has collectively...

  • Actuarial Consultant

    4 weeks ago

    Birmingham, Birmingham, United Kingdom IDEX Consulting Full time

    We are seeking a highly skilled Actuarial Consultant to join our team at IDEX Consulting. As a key member of our actuarial consulting team, you will play a lead role in delivering accurate and unrivalled consultancy services to our clients relating to their Pension schemes.Within this role, you will be involved in a range of actuarial consultancy activities,...

  • Actuarial Consultant

    4 weeks ago

    Birmingham, Birmingham, United Kingdom LGBT Great Full time

    Actuarial Consulting Pensions Graduate ProgrammeAt Aon, we're shaping decisions for the better to protect and enrich lives worldwide. As an inclusive, diverse team, we're passionate about helping colleagues and clients succeed.As an actuarial graduate, you'll work on client teams with colleagues who provide advice and support to trustees and companies...

  • Actuarial Consultant

    4 weeks ago

    Birmingham, Birmingham, United Kingdom Hymans Robertson LLP Full time

    Actuarial ConsultantAs an actuarial consultant at Hymans Robertson LLP, you will provide high-quality services to clients in the field of actuarial and wider benefit consulting. Your primary focus will be on UK defined benefit pension schemes, working with both Trustee Boards and Sponsoring Employers.Take responsibility for client accounts, preparing and...

  • Actuarial Consultant

    2 weeks ago

    Birmingham, Birmingham, United Kingdom Core-Asset Consulting Ltd Full time

    Job DescriptionWe are looking for an experienced Associate Actuarial Consultant to join our team at Core-Asset Consulting Ltd. The successful candidate will have relevant pensions experience and an understanding of the legislative framework for UK pension schemes.The ideal candidate will have a sound grounding in actuarial and computer techniques, with the...

  • Life Actuary

    3 weeks ago

    Birmingham, Birmingham, United Kingdom MERJE Full time

    MERJE is working with a Life Insurance client to support a large Finance/Actuarial Transformation process.The role involves working with a team to develop and implement actuarial models, with a focus on model development and data analysis.Requirements for the role include a strong background in life insurance, with experience in actuarial modeling and data...

  • Actuarial Associate Director

    4 weeks ago

    Birmingham, Birmingham, United Kingdom Deloitte LLP Full time

    About the RolePension Actuaries play a crucial role in helping clients navigate the complexities of pension schemes. As an Actuarial Associate Director at Deloitte, you will be responsible for leading teams of actuaries in delivering high-quality audit and assurance services to clients. Key Responsibilities:Independently testing pensions liability...

  • Life Actuary

    3 weeks ago

    Birmingham, Birmingham, United Kingdom MERJE Full time

    MERJE is working with a Life Insurance client to support a large Finance/Actuarial Transformation process.This role involves working with a team to develop and implement actuarial models, with a focus on model development for the qualified candidate.The part-qualified actuary will be involved in data and assumptions-focused work, with opportunities for...

  • Actuarial Technical Specialist

    4 weeks ago

    Birmingham, Birmingham, United Kingdom WTW Full time

    Role: As a technical pensions consultant at WTW, you will work on core UK defined benefit pensions actuarial work and have the opportunity to contribute to the company's growth strategy. You will be part of a supportive team of diverse colleagues and have access to extensive development opportunities and high-quality training.Key Responsibilities:*...

  • Life Actuary Position

    4 weeks ago

    Birmingham, Birmingham, United Kingdom MERJE Full time

    Actuarial Transformation OpportunityMERJE is working with a leading Life Insurance client to support a large-scale Finance and Actuarial Transformation project.We are seeking two Actuaries to join our team, one at the Qualified level with a focus on Model Development, and the other at the Part Qualified level with a focus on Data and Assumptions.Key...

  • Actuarial Transformation Specialist

    4 weeks ago

    Birmingham, Birmingham, United Kingdom MERJE Full time

    At MERJE, we are partnering with a leading Life Insurance client to find two talented Actuaries to support a major Finance/Actuarial Transformation project.Key Responsibilities:Collaborate with the client's team to develop and implement actuarial models.Contribute to the design and implementation of actuarial processes and procedures.Work closely with the...

  • Senior Actuarial Lead

    4 weeks ago

    Birmingham, Birmingham, United Kingdom Phoenix Group Full time

    Key Responsibilities:We are seeking a highly skilled Senior Actuarial Analyst to join our IFRS17 Actuarial Review team within the Financial Reporting Centre. The successful candidate will provide a highly professional actuarial service, applying deep technical and business knowledge to aid senior management decision making and lead others in the actuarial...