Assistant Director, Restructuring Services, Employer Covenant, Financial Advisory, Regions

Recruiter
Deloitte
Location
Manchester
Posted
17 Apr 2019
Closes
26 Apr 2019
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Your opportunity This is an exciting opportunity to join Deloitte’s growing employer covenant and pensions restructuring team, supporting our wider pensions advisory offering. You will work alongside our established team of specialists, and will be integral to accelerating the growth of our business both in terms of seeking new opportunities and delivering first class advice. Our work spans advice to both pension trustees and corporates on all matters relating to employer covenant, including both regular assessments as well as in restructuring situations. Our client base ranges from large corporates / schemes to mid-market employers. We regularly advise in high profile cases and pride ourselves on our innovative solutions to complex issues. The employer covenant team sits in our Restructuring Services practice, working very closely with pension experts across the firm (eg actuarial, investments, audit, tax). We are a national practice, with covenant specialists in London, Birmingham, Cardiff, Manchester and Glasgow. We take your development very seriously. You will receive continuous training and on-going supportive feedback to help you develop in your current role and to where you aspire to be. There is a career path for everyone. We foster an open and friendly working environment that naturally allows everyone to learn from the wide range of experts within the practice. Your role As an Assistant Director in our employer covenant team you will find the work is extremely varied – from performing triennial covenant assessments for Trustees, to supporting Corporates navigate pensions issues in the context of a major transaction or restructuring situation. Our advice is frequently delivered via a written report, anchored on robust financial analysis and reflecting the requirements set out in the Pensions Regulator’s code. Therefore it is essential that you have exceptional analytical and report writing skills and experience applying these skills in an employer covenant context. You will be required to lead more junior teams and review their work, as well as working collaboratively with different departments where a multi-disciplinary approach is required. As such, exceptional project management and leadership capabilities are essential. An important part of the role will be business development, and you should expect to spend significant time identifying targets, developing leads, preparing marketing materials, client proposals and presenting at pitches. As such, an existing network of contacts in the defined benefit pensions community would be desirable. Your work, your choice At Deloitte we believe the best impact is the value we add, not the hours we sit at our desk. We, therefore, carefully consider agile ways of working, both formal and informal, that allow for the best impact for our people and our clients. If the working pattern you are looking for is not specifically indicated below, we are happy to discuss alternative arrangements. Location: You will be based in either the Deloitte Manchester, Leeds or Birmingham office, however the role may also involve travel and will require the flexibility to meet peaks of work inherent in the cycle of a project. We specify full mobility for our financial advisory roles but we make arrangements respectfully. Working from home days are available and flexible depending on clients, deadlines, and projects. Suggested work pattern: Permanent full-time. We do encourage careful consideration of agile ways of working, both formal and informal arrangements that allow for the best outcomes for our people and our clients. If this opportunity is interesting as a permanent role with a degree of flexibility, please do discuss with us. Your professional experience Responsibilities As an Assistant Director, you will work on some or all of the following: Covenant advice: o Triennial covenant assessments, concluding on the strength of the employer covenant o Advising on options to improve covenant strength o Affordability analysis and advising on implementation of recovery plans o Development and implementation of covenant monitoring frameworks o Advising on the covenant impact of a transaction / restructuring, including in the context of TPR’s “moral hazard” powers o Advising on development of mitigation packages o Outlining options to restructure pension schemes in certain situations o Managing diverse teams within an inclusive team culture where people are recognised for their contribution. Business development: o Identifying potential targets through research, market awareness and through contacts in the pensions community o Progressing leads o Writing marketing materials and client proposals o Presenting at pitches o Attending marketing events and developing internal and external network Requirements To qualify you must possess: Experience of undertaking employer covenant review A strong understanding of the UK pensions environment, regulatory landscape and the market for pensions advisory services An existing network of contacts within the pensions community (eg Trustees, lawyers, other advisors) Business development skills including generating leads, utilising contacts / network and selling value added service Ability to undertake detailed financial / commercial analysis to identify all key business issues Strong business diagnostic skills and commercial acumen Understanding of the insolvency principles underpinning covenant analysis, estimated outcome statements and evaluating restructuring options Exceptional report writing skills Strong project management skills with effective time management and aptitude/willingness to work under pressure and to tight deadlines Client focussed approach, with the ability to quickly establish effective working relationships with clients and other advisers A strong academic track record ACA or other recognised accountancy qualification (JIEB qualification helpful but not pre requisite) Ability to develop / coach junior members of the team Your service line Financial Advisory Advising clients in the moments that define their business takes multiple layers of expertise. Much more than due-diligence, this is about diverse teams of specialists coming together, crossing service lines and international borders to tackle the many, complex issues involved in major transactions. And we have one of the broadest networks in the business. Here, you’ll find fascinating, career-building projects, market leading approaches, cutting-edge resources, huge clients and inspirational colleagues. As well as opportunities to develop a deep industry or product specialism. About Deloitte Our Purpose & Strategy To make an impact that matters for our clients, our people and society - defines who we are and what we stand for. Our purpose provides the foundation for our strategy and our aspiration to be the undisputed leader in professional services: this is not about size, it's about being the first choice. The first choice for the largest and most influential clients, and the first choice for the best talent. What do we do? Deloitte offers global integrated professional services that include Audit & Assurance, Consulting, Financial Advisory, Risk Advisory and Tax Consulting. Our approach combines intellectual leadership, industrial expertise, insight, consulting & problem solving capabilities whatever the role, technology revolutions and innovation from multiple disciplines to help our clients excel anywhere in the world. Beyond the UK: North West Europe within a Global firm UK and Switzerland, Belgium, the Netherlands and the Nordics (Denmark, Finland, Iceland, Norway and Sweden) have combined to create a new Deloitte North West Europe firm on 1 June 2017. This is to support our aspiration to be the undisputed leader in professional services and to increase our global influence and lead in EMEA. A broader geographical shape will create new career development opportunities, helping us develop the very best talent across the region and the world. What do we value? At Deloitte we foster a collaborative culture where talented individuals can produce their best work. We value innovative thinking, diverse insights and a genuinely distinctive level of customer service. We value difference, with respect at the heart of our inclusive culture, and we support agile working arrangements. Hear from some of our people already working at Deloitte in agile ways. We are proud to have earnt a Top 10 place on the 2017 list of Top 30 Employers for Working Families and to have been in their Top 10 for seven consecutive years. Additionally we received the Working Families Best for All Stages of Motherhood special award in 2016. Being a Leader at Deloitte Cultural fit and purpose-led leadership is crucial for Deloitte. Our leaders always set the example and inspire their colleagues. They make quality time for people and take an interest in them. They know what matters to people - both inside and outside work – and value them as individuals; always finding opportunities to develop them while showing respect and appreciation. We expect colleagues at all levels to embrace and live our purpose and our leadership culture by challenging themselves to identify issues that are most important for our clients, our people, and for society and make an impact that matters. We know leadership comes in all shapes and sizes, but we require five leadership imperatives from all of our people: We live our purpose: we act as a role model, embracing and living our purpose and values, and recognising others for the impact they make We develop talent: we develop high-performing people and teams through challenging and meaningful opportunities We drive performance: we deliver exceptional client service; maximise results and drive high performance from people while fostering collaboration across businesses and borders We believe positive influence can make an impact that matters: we influence clients, teams, and individuals positively, leading by example and establishing confident relationships with increasingly senior people We move, together, towards a strategic direction: we understand key objectives for clients and Deloitte, aligning people to objectives and setting priorities and direction Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and registered office at 2 New Street Square, London, EC4A 3BZ. Deloitte LLP is the United Kingdom affiliate of Deloitte NWE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. Requisition code: 162937

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