Defined Actuarial - Manager

Defined Benefit Actuarial Manager (108452)

Location: Birmingham, London, Manchester

Capability: Tax & Law

Experience Level: Manager

Type: Full Time

Business Area: Tax Managed Services

Contract type: Permanent

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 and experienced Manager to join our team, who will be responsible for working closely with colleagues in defined benefit pensions. Specific areas of focus, but not exhaustive, will include:

• Journey planning and risk management, aiming for self‑sufficiency or buy out, and end‑game options including use of surplus
• Funding advice to sponsors and advice on compliance with DB funding code
• Advice on contingent funding options and work on special purpose vehicles
• Pensions 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

You will be a lead contact with client teams, with responsibility for managing the day‑to‑day relationships. You will also work closely with our tax and legal specialists across all of KPMG's UK offices to consider areas of adjacencies and growth. As a manager, you will supervise the work of junior staff, providing coaching and development to assist them in the effective delivery of engagements.

You will also have performance management responsibilities for a small number of employees.

• Helping to develop junior colleagues, including delivering technical training, improving technical knowledge, and developing consulting skills.
• Lead contact with clients on key pensions engagements, with overall responsibility for stakeholder relationships.
• Contributing to developing streamlined and efficient procedures, whilst maintaining an absolute focus on quality.
• Strong financial management, setting and agreeing budgets for work, delivering to budgets and timely billing and debt collection.
• Signing off technical DC work in line with professional standards (where applicable) and, in line with KPMG quality procedures.
• Directing and overseeing the work of engagement teams and team members, including reviewing their DC technical work (e.g., checking calculations and reviewing conclusions), and providing coaching and mentoring support.
• Performance managing team members, ensuring that you are having rich development conversations that support their growth and career progression.

• Technical knowledge:
  Understands relevant technical actuarial, accounting and financial reporting standards, pension regulations and legislation. Exhibits and stays current on appropriate industry and specialist knowledge, and leverages KPMG methodologies.
• Technology skills:
  Uses firm‑approved tools and innovative technology solutions to increase quality, productivity and data insights.
• Professional scepticism:
  Applies professional scepticism, objectivity and independence to pensions actuarial work.
• Documentation:
  Completes documentation and audit trails demonstrating an unwavering focus on quality and in line with the actuarial standards.
• Embrace and embed our culture ambition of high challenge, high support which is grounded in Our Values.
• Operate with a curious and sceptical mindset ensuring that this is embedded in your everyday work.
• Actively lead and embed 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.
• Be accountable, professional and act in the public interest, working for the benefit of stakeholders and wider society.
• Be inclusive and embrace the opportunity to work with other teams across the firm in an integrated way.
• Have a sense of community, purpose and fun.

• Relevant experience working in pensions advisory at Manager level, at either an employee benefit consultancy or other Big 4 firm. (E)
• Technical knowledge of defined benefit pension scheme valuations, roll forward methodologies and actuarial techniques. (E)
• Understanding of…