Manager, Pensions Audit Group, Benefit Audit Team
KPMG
London, United Kingdom
1d ago

1. Summary of Role Purpose

Responsible for delivering high quality specialist pensions support to KPMG Audit. This role will have a particular focus on scheme benefit audits and individual benefit calculations.

2. Description of the role :

  • Client contact on all pensions audit engagements, with overall responsibility for client relationship on small to medium engagements and roles on our largest accounts
  • Final review and sign-off of reporting and closing out of issues on each case
  • Overall responsibility for managing process from initial scoping with central audit team to final delivery of audit report
  • Managing junior team through process, including responsibility for timetable, checking of calculations and conclusions
  • Developing specialist technical knowledge and contributing to research and knowledge sharing
  • Providing technical support on non-standard procedures (e.g. benefits in excess of the Lifetime Allowance, Pension Sharing Orders, Later Earnings Addition, Overseas Transfers)
  • Contribute to developing streamlined and efficient procedures, whist maintaining an absolute focus on quality
  • Highly numerate and able to independently recalculate individual benefits from first principles using the governing documentation of the pension scheme
  • Able to identify errors in the administrator’s calculations and investigate how these errors occurred.
  • 3. Role dimensions

    3.1 Leadership & Management :

    The successful candidate at manager level will be be expected to run client engagement teams to deliver audit cases, and to contribute to the overall success of the team.

    Team members at senior manager and manager level are likely to have performance management responsibilities for junior team members.

    Managers will take responsiblility for signing off reporting, with reporting being delivered to KPMG Audit in line with KPMG audit quality procedures.

    3.2 Stakeholder Interaction & Challenges

    Lead client contact on scheme audit engagements, typically liaising with in-house pensions managers and administrators. Key clients include FTSE companies across all sectors.

    As well as client meetings / calls to cover elements of the audit process from planning through to delivery of final reporting, there will occasionally be challenging client conversations where audit differences are identified.

    These will require the successful candidate to apply judgement and to be confident in clearly communicating our audit conclusions.

    3.3 Impact, Risk, Accountability & Governance

    The team will deliver over 500 audit support cases each year, covering KPMG’s largest high profile clients through to mid-market clients.

    A focus on quality and consistency will be central to everything that we do.

    4.1 Experience

    The successful candidate will ideally be a qualified (or nearly qualified) actuary with an excellent understanding of individual benefit calculations and experience of audit at a manager level.

    Numerate candidates with the APMI qualification (or equivalent) are also highly encouraged to apply for this role.

    4.2 Expertise / Technical role requirements

  • Deep technical knowledge of DB pension schemes and actuarial techniques
  • Able to independently recalculate individual benefits from first principles using the governing documentation of the pension scheme
  • Good knowledge of pensions administration and legislation (e.g., LTA, Pension Sharing Orders, Later Earnings Addition)
  • Understanding of the wider UK pensions landscape, the FRC audit environment and the issues facing our clients
  • 4.3. Skills

  • Being credible and confident in liaising with internal and external stakeholders
  • Understanding of the wider UK pensions landscape and the issues facing our clients
  • Consistently able to work at high level of intensity whilst maintaining a professional and positive approach
  • Fully engaged and taking responsibility for own performance
  • Effective delegation and management of junior team, with a focus on development
  • Apply
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