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Business Restructuring Services - Covenant Advisory - Senior Manager

Posted: 18 Nov 2020 Closes: 18 Dec 2020
Manchester, North Region UK Competitive
Permanent & Full-time -1722780548

Job description

About the team

There is an opportunity for a Senior Manager to join the Business Restructuring Services (BRS) Covenant Advisory Practice in Manchester.

The BRS Covenant practice is a dynamic, innovative and growing business, which provides market-leading and award-winning advice to a wide spectrum of high profile, iconic clients including major PLC's and global brands. The team uses core BRS skills to provide advice to stakeholders and insights to corporates with a defined benefit ("DB") pension scheme.

Our Northern team is the largest regional business in the UK. The diverse Northern client base provides an opportunity to learn and build a valuable range of experience and understanding of businesses of all shapes and sizes.

Candidates are actively encouraged to build their network across a number of cross Line of Service teams and with external clients to build long term relationships. We continue to invest in our team, more than ever before, prioritising a sense of purpose at work and valuing diversity of background, thought and skill sets. Having a diverse and supportive team helps us deliver great outcomes for our people and clients. We encourage flexibility and innovative ways of working and have a range of working patterns across the team at all grades. We look out for each other, and team members are encouraged to share ideas and perspectives as to how we can work together as effectively as possible, acknowledging different people's values.
About the role

As a Senior Manager you will:
  • Be expected to lead projects working directly with the Partner and Director group.
  • Coordinate and work with wider BRS as well as a number of other cross Line of Service and professional advisor teams.
  • Be responsible for delivering detailed assessments of a company's underlying performance, business risks and cash flows and form conclusions on how well it can support and pay cash into its pension scheme (the "employer covenant").
  • Lead engagements and discussions with clients to get to the heart of the employer's key business drivers, identifying risks and opportunities, understanding the company's financial performance and the position of key stakeholders, to advise clients on appropriate action they may take in relation to the scheme.
  • Work closely with the Partner and Director group to advise corporates and trustees on negotiation strategy and developing innovative solutions regarding how much cash should be paid into the schemes and by when
  • Support clients in assessing the impact and actions required as a result of major transactions or periods of change for businesses with DB pension schemes.
Essential skills and experience
  • Excellent financial analytical skills and commercial awareness
  • Experience supporting stakeholders to understand financial assessments and providing advice on potential options, risks and opportunities.
  • Ability to independently lead projects and client relationships
  • Report writing ability with excellent verbal and written skills
  • Strong interpersonal skills and comfortable communicating at all levels
  • Ability to develop and motivate others
  • Flexibility in terms of diverse industries and role
  • Ability to develop relationships and win new opportunities;
  • Proven project and time management skills
  • Coach and manage junior team members
  • Ability to work to deadlines in an exciting working environment
Who we're looking for

The ideal candidate would have an enquiring mind, initiative, strong written and verbal communication skills, the ability to consider an issue from different stakeholder perspectives, and the ability to grasp new concepts quickly.
Why the Covenant Advisory Team
  • Opportunity to join our award winning Northern Business Restructuring Service (BRS) Pension Covenant Advisory team
  • Leadership role based in our Manchester team
  • Opportunity for career progression
  • Lead engagements with a diverse and exciting client base providing opportunity to lead engagements across a wide range of high-profile businesses, sectors and environments.
  • Manage and build your own portfolio of clients and projects
  • Be part of the largest covenant practice outside of London
  • Work with a highly skilled team
  • Opportunity for flexible working
  • Work cross Line of Service with marketing and business development objectives
Deals

Our Deals business is an exciting, fast-paced and an ever-growing business that focuses on deals and crisis situations for our clients. Collectively, we deal with the types of situations you hear about regularly in the news and we provide support, insight and analysis to the management, shareholders and financiers of business.
Not the role for you?

Did you know PwC offer flexible contract arrangements as well as contingent work (ie temporary or day rate contracting)?
The skills we look for in future employees

All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, 'The PwC Professional' and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.

Learn more here: www.pwc.com/uk/careers/experienced/apply
Diversity

Valuing Difference. Driving Inclusion.

We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements. Learn more here about our work to support an inclusive culture.

www.pwc.com/uk/diversity

PwC

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