About PwC
Who we're looking for
Pension credit advisory involves working with companies with defined benefit pension schemes and trustees of such schemes in understanding and evaluating the strength of the covenant that the company offers (i.e. how much can the pension scheme rely on the strength of the business supporting it). The employer covenant involves a review of the corporate supporting the scheme - the team gets to the heart of the key business drivers, the financial performance and the position of the pension creditor in insolvency analysis to advise their clients on appropriate action to take in relation to the scheme. This also includes identifying the impact of corporate actions on covenant strength (restructuring / reorganisations, acquisitions, disposals, refinancing etc), advising on negotiation strategy for determining deficit/ contribution levels and stakeholder management.
London is the base location, although there may be a business need to work out of the office.
About the role
We have a need for a manager to join the team in London.
We would expect a manager to undertake assignments and/or lead a team carrying out an assignment, a typical example of which may include some or all of the following:
Meeting with senior company management to discuss and understand their business
Forecast P&L and cash flow analysis and review of management assumptions
Review of current financial position of business, including its capital structure
Analysis to understand where value lies in the group, and the access the creditor has to this value through its legal claims
Review of the likely return to the creditor in an insolvency scenario
Review and understanding of the priority of various classes of creditor
Understanding external perception of the business through review of credit ratings, analyst reports and industry analysis
Consideration of the impact of a transaction on the business and its creditors
Review (often rapid) of businesses for long term viability and future options
Identification of possible options to improve the long-term security of the pension scheme
Management of XLOS PwC teams (we often bring these into assignments)
Preparation of presentations and/or reports to key stakeholders (e.g. banks/PE houses/management)
Stakeholder management and presenting findings to stakeholders – Trustees, corporates, banks and others
Active contribution and leadership of the team’s marketing efforts (both internal and external) is expected and encouraged. This ranges from preparing marketing material through to organising marketing events
Company, sector and market research and analysis using a wide variety of information sources
Requirements
An excellent academic record to at least degree level
ACA / ACCA qualified
Sound financial analytical skills
Strong commercial awareness
Strong interpersonal skills and comfortable communicating with all levels
Ability to lead and motivate others, where required in the role
Flexibility in terms of diverse industries and role
Flexibility in working location
Willingness to participate in marketing and business development, demonstrating a dedicated approach to the marketplace
Proven project and time management skills
Ability to work to tight deadlines in a pressurised working environment
Excellent verbal and written English
The team welcomes applications from individuals who have a keen interest and knowledge in regard to the work that they undertake. They will be looking for clear examples on why you have applied and what you can bring to the team.
You’ll be joining a team who welcome your outlook and knowledge, whilst developing your skill set further within one of the world’s leading professional organisations. With an increasingly agile workforce, we're open to flexible working requirements where appropriate and have many successful arrangements currently in place. Please apply if you have a keen interest in the work we do.
About PwC
We’re one of the world’s leading professional services organisations. From 158 countries, we help our clients, some of the most successful organisations on the globe, as well as its most dynamic entrepreneurs and thriving private businesses, to create the value they want. We help to measure, protect and enhance the things that matter most to them.
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
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, as well as those who reflect the diverse nature of our society. And we aim to encourage a culture where people can be themselves and be valued for their strengths. Creating value through diversity is what makes us strong as a business and as an organisation with an increasingly agile workforce, we're open to flexible working arrangements where appropriate.
Learn more here www.pwc.com/uk/diversity
Who we're looking for
Pension credit advisory involves working with companies with defined benefit pension schemes and trustees of such schemes in understanding and evaluating the strength of the covenant that the company offers (i.e. how much can the pension scheme rely on the strength of the business supporting it). The employer covenant involves a review of the corporate supporting the scheme - the team gets to the heart of the key business drivers, the financial performance and the position of the pension creditor in insolvency analysis to advise their clients on appropriate action to take in relation to the scheme. This also includes identifying the impact of corporate actions on covenant strength (restructuring / reorganisations, acquisitions, disposals, refinancing etc), advising on negotiation strategy for determining deficit/ contribution levels and stakeholder management.
London is the base location, although there may be a business need to work out of the office.
About the role
We have a need for a manager to join the team in London.
We would expect a manager to undertake assignments and/or lead a team carrying out an assignment, a typical example of which may include some or all of the following:
Meeting with senior company management to discuss and understand their business
Forecast P&L and cash flow analysis and review of management assumptions
Review of current financial position of business, including its capital structure
Analysis to understand where value lies in the group, and the access the creditor has to this value through its legal claims
Review of the likely return to the creditor in an insolvency scenario
Review and understanding of the priority of various classes of creditor
Understanding external perception of the business through review of credit ratings, analyst reports and industry analysis
Consideration of the impact of a transaction on the business and its creditors
Review (often rapid) of businesses for long term viability and future options
Identification of possible options to improve the long-term security of the pension scheme
Management of XLOS PwC teams (we often bring these into assignments)
Preparation of presentations and/or reports to key stakeholders (e.g. banks/PE houses/management)
Stakeholder management and presenting findings to stakeholders – Trustees, corporates, banks and others
Active contribution and leadership of the team’s marketing efforts (both internal and external) is expected and encouraged. This ranges from preparing marketing material through to organising marketing events
Company, sector and market research and analysis using a wide variety of information sources
Requirements
An excellent academic record to at least degree level
ACA / ACCA qualified
Sound financial analytical skills
Strong commercial awareness
Strong interpersonal skills and comfortable communicating with all levels
Ability to lead and motivate others, where required in the role
Flexibility in terms of diverse industries and role
Flexibility in working location
Willingness to participate in marketing and business development, demonstrating a dedicated approach to the marketplace
Proven project and time management skills
Ability to work to tight deadlines in a pressurised working environment
Excellent verbal and written English
The team welcomes applications from individuals who have a keen interest and knowledge in regard to the work that they undertake. They will be looking for clear examples on why you have applied and what you can bring to the team.
You’ll be joining a team who welcome your outlook and knowledge, whilst developing your skill set further within one of the world’s leading professional organisations. With an increasingly agile workforce, we're open to flexible working requirements where appropriate and have many successful arrangements currently in place. Please apply if you have a keen interest in the work we do.
About PwC
We’re one of the world’s leading professional services organisations. From 158 countries, we help our clients, some of the most successful organisations on the globe, as well as its most dynamic entrepreneurs and thriving private businesses, to create the value they want. We help to measure, protect and enhance the things that matter most to them.
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
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, as well as those who reflect the diverse nature of our society. And we aim to encourage a culture where people can be themselves and be valued for their strengths. Creating value through diversity is what makes us strong as a business and as an organisation with an increasingly agile workforce, we're open to flexible working arrangements where appropriate.
Learn more here www.pwc.com/uk/diversity