Pensions employer covenant advisory is a challenging and fast growing area. Isio’s Covenant Solutions team assess the financial strength and commercial outlook of sponsors of defined benefit pension schemes, to understand the cash flows and assets available to support funding of pension liabilities. This includes advising on covenant mitigation solutions where there are corporate events such as M&A, refinancing or restructuring.
What does the role entail?
Isio are seeking a Manager to help support the growth of its covenant advisory business.
Day To Day Your Role Will Include
- Building and managing a portfolio of pension trustee advisory clients, providing advice on their employer covenant assessments and integrated risk management framework;
- Performing and reviewing financial and commercial analysis for employer covenant assessments. Including coaching and development of junior team members;
- Assessing the impact of a corporate activity such as a transaction, restructuring or refinancing on the employer covenant provided to pension schemes;
- Advising on solutions to mitigate changes in the employer covenant security provided to pension schemes;
- Advising corporate sponsors of pension schemes in negotiations with trustees over employer covenant and mitigation / financial support options;
- Supporting external marketing initiatives to support Isio’s growth ambitions.
What We're Looking For
- Qualified ACA/CA/ACCA accountant with clear evidence of relevant post qualified experience.
- Proven Employer covenant and/or transaction/restructuring advisory experience.
- Commercial awareness and a general interest in how businesses work.
- Experience of insolvency analysis/recoveries e.g. preparing Entity Priority Models and Estimated Outcome Statements in order to advise clients of the implication.
- Excellent report writing, financial analysis, client and project management skills.
- Ability to research and report on clients, industries, the wider market/economy and ESG risks; develop marketing collateral and initiatives; and build, manage and leverage client relationships in order to originate work and support sales.
- Experience using AI and data analysis tools to improve efficiency in research and reporting.
- An enthusiasm for and genuine commitment to business development and supporting market initiatives.
Where is the role?
Ideal applicants will work alongside our existing team in Manchester, Edinburgh, or London. The role offers hybrid working and the option to work from other Isio offices.
Isio is an equal opportunities employer and welcomes applications from all suitably qualified candidates. For reasonable adjustments during recruitment, contact hrrecruitment@ISIO.com.
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