At a Glance
- Tasks: Manage a portfolio of pension advisory clients and provide expert advice on employer covenant assessments.
- Company: Isio, a fast-growing firm in pensions employer covenant advisory.
- Benefits: Hybrid working, competitive salary, and opportunities for professional development.
- Other info: Work in a supportive environment with excellent career growth potential.
- Why this job: Join a dynamic team tackling complex transactions and making a real impact in the pensions sector.
- Qualifications: Qualified accountant with experience in employer covenant or transaction advisory.
The predicted salary is between 60000 - 80000 € per year.
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 pensions 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.
Isio is looking for a qualified accountant with employer covenant advisory experience and/or a transaction/restructuring advisory background, to join our team in advising clients and supporting our growth plans.
What does the role entail?
This role provides the opportunity to build a portfolio of corporate and trustee advisory clients as well as advise in M&A/transaction, run-on and superfund transaction situations. The role will involve working on some of the most complex transactions and challenging pensions issues businesses and trustees face, and work alongside a range of Isio specialists in actuarial and investment services to provide integrated solutions to support pensions strategy.
The candidate will have employer covenant expertise and/or transactions/restructuring advisory experience. This will include experience of preparing insolvency estimated outcome statements for the purposes of assessing potential returns to creditors/pension schemes.
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?
Our ideal applicant would work alongside our existing team in either Manchester, Edinburgh or London. However, we can offer suitable applicants the opportunity to work from our other Isio offices. We work on a hybrid basis, offering the opportunity for colleagues to split their working time between working in the office and at home.
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 to be made for any reason at any stage of your recruitment process, please ask us hrrecruitment@isio.com.
Manager - Employer Covenant Advisor in Manchester employer: Isio
Isio is an exceptional employer that fosters a collaborative and innovative work culture, providing employees with the opportunity to engage in complex pension advisory projects while supporting their professional growth. With a strong emphasis on employee development, Isio offers a hybrid working model across its Manchester, Edinburgh, and London offices, ensuring a balanced work-life dynamic. The company values diversity and inclusion, making it a welcoming environment for all qualified candidates seeking meaningful and rewarding careers in the pensions sector.
StudySmarter Expert Advice🤫
We think this is how you could land Manager - Employer Covenant Advisor in Manchester
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join relevant groups on LinkedIn, and don’t be shy about reaching out to current employees at Isio. Building relationships can open doors that a CV just can’t.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your experience in employer covenant advisory and transactions. Share specific examples of how you've tackled complex issues in the past – it’ll show you’re the real deal!
✨Prepare for the Interview
Do your homework before the interview! Understand Isio’s services and recent projects. Be ready to discuss how your skills align with their needs, especially in M&A and restructuring scenarios. Confidence is key!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the Isio team.
We think you need these skills to ace Manager - Employer Covenant Advisor in Manchester
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Manager - Employer Covenant Advisor. Highlight your relevant experience in employer covenant advisory and any transaction or restructuring work you've done. We want to see how your skills match what we're looking for!
Showcase Your Skills:In your application, don’t just list your qualifications; showcase your skills! Talk about your financial analysis abilities, report writing, and client management experience. We love seeing how you can bring value to our team at Isio.
Be Clear and Concise:When writing your application, keep it clear and concise. Use straightforward language and avoid jargon where possible. We appreciate a well-structured application that gets straight to the point—just like we do in our advisory work!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to track your application and ensure it reaches the right people. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at Isio
✨Know Your Numbers
As a Manager - Employer Covenant Advisor, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how they relate to employer covenant assessments. Prepare examples of past analyses you've conducted, especially those involving insolvency outcomes.
✨Understand the Market Landscape
Familiarise yourself with current trends in pensions and corporate finance. Be prepared to discuss recent M&A activities or restructuring cases that have impacted pension schemes. This shows your commercial awareness and genuine interest in how businesses operate.
✨Showcase Your Advisory Skills
Think about specific instances where you've advised clients on covenant mitigation solutions. Be ready to explain your approach and the outcomes. Highlight your experience in managing client relationships and how you’ve supported their needs during complex transactions.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Practice articulating how you would handle various corporate events affecting employer covenants. This will help you demonstrate your strategic thinking and ability to provide integrated solutions.
