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Social Security Actuary (Pensions)

On-site in Madrid·Added 25 days ago

Still open when we checked on 4 Oct

KPMG

160 open roles

Overview

Requirements

  • Have the right to work in Spain

    KPMG doesn't mention sponsorship in the ad.

  • Work in English

    English is required, per the ad.

  • Work on-site in Madrid

    No relocation package mentioned.

  • Have 2+ years of experience

    Mid-level role.

  • University degree

    “Licenciatura o Grado en ADE, Matemáticas, Economía, Estadística, Actuariales o disciplinas afines.” — per the ad.

Skills

This job advert was originally written in Spanish.

The role

You will be part of a dynamic team, leading and executing high-impact actuarial projects related to audits and advisory services regarding employee benefits, with a particular focus on local and international accounting standards and the valuation of employee benefits.

What you'll do

  • Actuarial valuation of pension obligations and other employee benefit obligations under IAS 19 and other applicable accounting standards.
  • Review and validation of actuarial calculations performed for financial statements and audit processes.
  • Estimation and analysis of accounting items related to employee benefits, including:
  • Service cost.
  • Interest cost.
  • Actuarial remeasurements recognized in OCI and in P&L.
  • Actuarial gains and losses.
  • Parameterization and review of demographic and financial actuarial assumptions.
  • Review of actuarial valuation methodologies and techniques.
  • Participation in projects related to:
  • Occupational pension plans.
  • Post-employment benefits.
  • Retirement and seniority bonuses.
  • Early retirement commitments, redundancies (EREs), and other long-term benefits.
  • Analysis of the accounting impact of modifications, settlements, and reductions of defined benefit plans.
  • Preparation and review of financial information and disclosures required by IAS 19.
  • Support in actuarial audit processes and independent review of valuations.
  • Participation in transformation, modeling, and automation projects of actuarial processes.
  • Participation in the analysis of employee obligations in mergers and acquisitions.

What do you need to know?

What will you be able to do?

  • Bachelor's Degree in Business Administration, Mathematics, Economics, Statistics, Actuarial Science, or related disciplines.
  • Postgraduate degree or Master's in Actuarial Science, Quantitative Finance, or similar.
  • At least 2 years of experience in actuarial consulting, auditing, or finance departments related to employee benefits.
  • Experience in actuarial valuations of:
  • Pension plans.
  • Pension obligations.
  • Post-employment benefits and other long-term benefits.
  • Solid knowledge of IAS 19 Employee Benefits and its practical application in financial statements under IFRS, as well as local accounting standards (PGC).
  • Experience in international accounting frameworks such as US GAAP (ASC 715) and local regulations related to pension obligations will be valued.
  • Knowledge of social security vehicles, group insurance, and pension funds will be valued.
  • Experience in programming and data analysis using tools such as Python, R, Power BI, or VBA will be positively valued.
  • English level: B2.
  • High analytical capacity and orientation toward solving complex problems.
  • Teamwork, communication skills, and leadership ability.
  • Ability to adapt and continuous learning in high technical demand environments.

We especially value

  • Previous experience in actuarial auditing of financial statements.
  • Knowledge of redundancies (EREs), early retirements, and complex labor commitments.
  • Experience in multinational projects and coordination with international teams.
  • Interest in innovation, automation, and digital transformation of actuarial processes.

Hiring process

4 steps3 interviewsa task to do
  1. CV screening

  2. Phone screening

    With People team · Phone call

    A first contact call with the People team.

  3. Online tests

    Online test

    Online English and psychometric tests.

  4. Adventure Day

    With People and business teams

    A group business case led by the People and business teams.

  5. Individual interview

    With business team

    Direct interviews with the selected business team.

  6. Offer

  • Published process for internship programmes and the Graduate Program; the process for experienced hires is not described.

About KPMG

KPMG is one of the world's largest professional services networks, providing audit, tax, and advisory services to businesses, governments, and organizations. With a global presence spanning over 140 countries and territories, KPMG operates through member firms that employ more than 270,000 professionals worldwide. The firm is known for its expertise in financial auditing, risk consulting, and digital transformation, helping clients navigate complex regulatory and business challenges.

In Spain, KPMG has a strong presence with offices in major cities including Madrid, Barcelona, Bilbao, and others, offering a wide range of services from audit and tax to cybersecurity and data analytics. The Spanish arm is a key hub for the firm's European operations, and it actively recruits international talent through graduate programs and internships. KPMG Spain emphasizes innovation, with initiatives like the 'Rocket Program' and 'Tech Program' designed to attract young professionals into consulting, technology, and sustainability roles. The work culture is collaborative and fast-paced, with opportunities for cross-border projects and professional development, making it an attractive option for international professionals seeking to build a career in Spain.

Industry
Consulting
Founded
1987
Employees
250,000+
Headquarters
Amstelveen, Netherlands
In Spain
Madrid, Barcelona, Bilbao and 4 more
Website
kpmg.com

Good to know if you are moving

  • KPMG Spain offers structured graduate programs like the 'Rocket Program' and 'Tech Program' that are open to international candidates, providing a pathway into the Spanish job market.
  • The firm has offices in multiple Spanish cities, including Madrid, Barcelona, Bilbao, and Vigo, offering flexibility in location for relocating professionals.
  • KPMG Spain is committed to diversity and inclusion, with dedicated teams and programs focused on equity and inclusion, which can be supportive for international hires.
  • Working at KPMG Spain provides exposure to global clients and cross-border projects, enhancing career mobility within the KPMG network.
  • The company offers roles in high-demand areas like cybersecurity, data engineering, and sustainability consulting, which are relevant for professionals with these skills.
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