Defined Benefit Actuarial Student Consultant

Deadline for applications is 17.30 on Wednesday 3rd June 2026.

Role-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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