Manager, Employer Covenant Advisor Actuarial & Consulting

Job Description

Manager, Employer Covenant Advisor

Pensions employer covenant advisory is a challenging and fast growing area. Isio’s Covenant Solutions team assesses 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 for corporate events such as M&A, refinancing or restructuring.

Isio is looking for qualified accountants with employer covenant advisory experience and/or a transaction/restructuring advisory background to join our team in advising clients and supporting our growth plans.

Responsibilities

• Build and manage a portfolio of pension trustee advisory clients, providing advice on employer covenant assessments and integrated risk management frameworks.
• Perform and review financial and commercial analysis for employer covenant assessments, including coaching and development of junior team members.
• Assess the impact of corporate activities such as transactions, restructurings or refinancing on the employer covenant provided to pension schemes.
• Advise on solutions to mitigate changes in employer covenant security for pension schemes.
• Negotiate with trustees over employer covenants and mitigation/financial support options for corporate sponsors.
• Support external marketing initiatives to support Isio’s growth ambitions.

Qualifications

• 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 to advise clients of implications.
• 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 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.

Location

Our ideal applicant would work alongside our existing team in either Manchester, Edinburgh or London. We can also offer suitable applicants the opportunity to work from other Isio offices on a hybrid basis, allowing time split between office and home.

Equal Opportunity

Isio Group is an equal opportunities employer, and we welcome applications from all suitably qualified candidates.

If you think you may require a reasonable adjustment at any stage of your recruitment process, please ask us.