Senior Covenant / Restructuring Manager

IPS Group Ltd; Leeds; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

IPS Finance is seeking a Senior Covenant Manager for a 12-month contract, offering hybrid or remote work flexibility. The ideal candidate will have a strong background in pension covenant or restructuring, capable of leading complex assessments and managing stakeholder relationships effectively. This role is crucial for ensuring compliance and financial stability within their operations.

Qualifications

• Experience in pension covenant assessments or business reviews is essential.
• ACCA/ACA qualified or experience in restructuring/insolvency required.
• Strong presentation and stakeholder engagement abilities.

Responsibilities

• Lead covenant assessments and oversee affordability reviews.
• Manage annual monitoring processes and liaise with stakeholders.
• Ensure processes meet regulatory requirements and best practice.

Skills

Organisational skills

Management skills

Communication skills

Education

ACCA/ACA qualification

Relevant restructuring/insolvency experience

Job description

IPS Finance is recruiting a Senior Covenant Manager for a 12-month contract. This role offers the flexibility of hybrid or remote working and is ideal for candidates from a pensions covenant or restructuring background.

Key Responsibilities:

• Lead covenant assessments, reviewing financial strength of sponsoring employers.
• Oversee affordability reviews, financial health monitoring, recovery plan assessments, and due diligence.
• Manage annual monitoring processes and employer data collection.
• Handle technical financial and covenant queries.
• Liaise with employers and stakeholders both virtually and in-person.
• Ensure processes meet regulatory requirements and best practice standards.

Requirements:

• Experience in pension covenant assessments or business reviews.
• ACCA/ACA qualified or with relevant restructuring/insolvency experience.
• Strong organisational, management, and communication skills.
• Confident in presenting, reporting, and engaging with stakeholders.

If you are interested in this Senior Covenant / Restructuring Manager opportunity or would like any further information, please do not hesitate to contact Richard Warwick at IPS Finance.

IPS Finance has 45 years experience in the Yorkshire accountancy recruitment market. We have built our business on long term relationships with both individuals and clients in all sectors, bringing real benefits to all concerned. Please visit the IPS Finance website to view the latest accountancy / finance and practice opportunities.