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Audit Manager - Pensions Audit, Milton Keynes/Watford

Date: May 6, 2019

Location: Milton Keynes, United Kingdom

Company: KPMG UK

AutoReq ID139765BR
Job TitleAudit Manager - Pensions Audit, Milton Keynes/Watford
CountryUnited Kingdom
LocationMilton Keynes
FunctionAudit
Service LineAudit
Service Line InformationAt KPMG, our vision is to be the clear choice on the future of Audit. In today’s complex and ever-changing business world, we recognise that we need to be one step ahead for our clients - rather than reacting to emerging trends we need to anticipate them by harnessing technology. Our people are integral to this, bringing their natural curiosity, diversity of ideas and perspectives to help deliver client excellence.

KPMG OverviewKPMG is part of a global network of firms that offers Audit, Tax & Pensions, Consulting, Deal Advisory and Technology services. Through the talent of over 16,000 colleagues, we bring our creativity and insight to our clients’ most critical challenges.

With offices across the UK, we work with everyone from small start-ups and individuals to major multinationals, in virtually every industry imaginable. Our work is often complex, yet our vision is simple: to be the clear choice for our clients, for our people and for the communities we work in.

Job Description
The Department

Our KPMG Northern Home Counties National Markets audit team is based across the Milton Keynes and Watford offices and it consists of around 110 client facing staff led by 5 Partners and 6 Directors, who service clients across a variety of sectors, including: retail, media, construction, mining, recruitment, telecommunications and sports. Our audit clients, who are both listed and non-listed, vary in size from large multi-national groups through to small owner managed business based across Bedfordshire, Buckinghamshire, Northants, Hertfordshire, North London and the surrounding areas. The National Markets London audit department also works in conjunction with other services including Corporate Tax, Deal Advisory, Pensions and Restructuring.

Sitting within the NHC National Markets department is our London Region Centre of Excellence for pension’s audit. The team, led by a Director and supported by 1 other Director and 3 managers, is responsible for the audit of c.70 pension schemes based across the wider London Region and South East. Our schemes include defined benefit, defined contribution, hybrid and earmarked pension schemes, typically with assets up to £500million.
The London Region Centre of Excellence is one of 6 operating across the UK and as a firm, KPMG audit some 620 schemes including 45 of the top 100 schemes by size making us No. 1 in this market.

The Responsibilities:

Working in a part time capacity (c.21 hours per week) you will manage and deliver pensions audit engagements from planning through to completion. The role will require proficiency in UK GAAP and the Pensions SORP. You will have your own portfolio of clients with responsibility for agreeing audit timetables, working with Trustees and scheme administrators, briefing the audit team, including other specialists, monitoring budgets and supervising the KPMG audit process. This will include:
- To manage a portfolio of pensions audit engagements, overseeing in-charge and audit assistants work ensuring compliance with client, statutory and KPMG requirements, appreciating relevant internal and external market factors, ensuring the effective and timely delivery of high quality audit engagements
- Oversee and direct the budgeting, planning, co-ordination and control of engagements in accordance with client, statutory, KPMG and business requirements to ensure effective service delivery and maximised recoverability
- Providing coaching and guidance to both on- and off-shore staff working on your engagements
- Nurture and seek worthwhile relationships with clients, business departments and staff, for the sharing of information and to identify and progress current and future Audit requirements
- Contributes towards the creation, implementation and delivery of the Audit Business Plan and offer support in relation to issues identified as a result of organisational or client focus change
- Assist the Director in monitoring the effectiveness of Audit services delivered, providing feedback and reflection on the quality of service accordingly
- Preparation of reports to senior management and Trustee boards
- Assist with business development opportunities. This would involve initial meetings, preparing proposal documents and presenting at pitches.
There will be opportunity and encouragement for additional responsibilities outside this day to day role, such as assisting with pensions-specific training courses for in-charges and audit assistants, involvement in local client events and taking on a performance manager role.

The Individual

- Leadership skills and ability to act as a role model
- Drive and resilience and ability to thrive in a pressured environment whilst working as a team with support from Partner, Directors, Senior Managers (where applicable) and in-charges
- Knowledge and experience of auditing and experience of systems/controls testing as well as substantive auditing including applying this to the pensions sector
- Well-developed supervisory skills e.g. coaching and motivation
- Project management techniques; this role will test and develop your expertise in decision-making, analytical skills, time management, organisation and evaluative skills
- Strong communication and inter-personal skills, both verbal and written
- Proven research skills e.g. information seeking and knowledge sharing, understanding and interpreting information/applying knowledge
- Well-developed understanding of the wider commercial background KPMG operates in demonstrating awareness of the issues facing our clients on a day to day basis

Qualifications and Skills

- Time and exam Qualified Accountant - ACA, ACCA or country equivalent
- Sound working knowledge of UK GAAP and the Pensions SORP
- IT literacy with sound knowledge and experience of Excel/Word
- Recent and significant experience as a Manager in an audit capacity within a top 10 accountancy firm
- Current experience of accounting and financial reporting standards including IFRS and UK standards
- Significant audit experience for pension schemes

Our DealIf the chance to work with interesting clients and innovative technology wasn’t rewarding enough, we’ll motivate you in other ways too. At KPMG you can expect real responsibilities and opportunities to grow professionally.


‘Our Deal’ sets out all the different ways you’ll be rewarded at KPMG. Among other things you can benefit from honest conversations about your career as well as a range of other rewards. In all these ways and more, we have created an environment that can bring out the best in you.

Flexible WorkingWhile some of our client-facing professionals can be required to travel regularly, and at times be based at client sites, we are supportive where possible of helping you to achieve a balance between your home and work demands.

We are happy to discuss individual requirements and our range of flexible working arrangements could be of interest. Furthermore, as part of the recruitment process, we can put you in touch with people who work flexibly so you can understand from them what our culture is like.

Applying with a DisabilityKPMG are proud to be an inclusive, equal opportunity employer and we seek to attract and retain the best people from the widest possible talent pool. As a member of the Business Disability Forum we're committed to ensuring that you are treated fairly throughout our Recruitment Process. Should you be successful after the initial application stage, please discuss any reasonable adjustments that you may require, with your recruitment contact.

KPMG's commitment to diversity

We are proud of the value we place on individuality; we want you to bring your full self to work and truly maximise your potential. We believe that your individuality helps us to deliver the best results for our clients. Diversity of background, diversity of experience, diversity of perspective - that's the KPMG difference. But, don't take our word for it, find out more about diversity at KPMG.



Returning to work after a break
At KPMG, we appreciate that returning to work after an extended career break can be daunting. We understand that those with experience who have taken a career break have a wealth of experience and knowledge to offer our organisation, which helps us to achieve our business goals. We will support you to refresh your skills, develop your confidence and provide a supportive network across the firm to help you best integrate into the working environment. This role welcomes applications for individuals who have been out of work for 18 months or more and who have previous relevant experience.

Policy for Agencies

KPMG has a commitment to sourcing candidates directly and as such we do not accept speculative CV’s from agencies. Please check here to see our policy on agencies: Policy


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