Turnaround & Restructuring Executive Pensions Strategy LeedsGlasgowEdinburgh

About EY-Parthenon; Glasgow; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading consultancy firm in the UK is seeking a Turnaround & Restructuring Executive specializing in Pensions Strategy. The role involves providing pension covenant advice to a range of clients and requires at least one year of relevant experience. Strong relationship-building and project management skills are essential. The firm supports flexible working and values professional growth.

Benefits

Continuous learning opportunities

Flexible work arrangements

Inclusive and diverse culture

Qualifications

• Experience in the pensions industry or a similar advisory role is required.
• Understanding of defined benefit pension schemes and their financial risks is necessary.
• Ability to build strong internal and external relationships.

Responsibilities

• Draft client deliverables across multiple engagements.
• Communicate issues to the Partner/Director and drive projects to completion.
• Nurture relationships with different specialist teams within EY.

Skills

Financial analysis

Commercial acumen

Project management skills

Relationship-building

Education

Professional accountancy qualification

Minimum of one year in pensions advisory

Job description

Turnaround & Restructuring Executive – Pensions Strategy – Leeds / Glasgow / Edinburgh

At EY we are all in to shape your future with confidence. Well help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world.

The Opportunity

Pension covenant advice moved into a new phase of existence in 2022 driven by the volatility in pension funding positions and a dramatically changing economic environment from which corporates are required to operate in. We are market leaders in this new environment helping our clients navigate todays challenges whilst supporting the transition to the new Funding Code.

EY-Parthenons Pensions Strategy team is award winning known for our collaborative style market‑leading approach and pivotal industry positions. We are looking for a motivated driven and experienced covenant advisor to join our growing team. The successful person can be based in Leeds Glasgow or Edinburgh where we have active and growing covenant teams in each location.

Our clients range from pension trustees corporates lenders investors and regulators. They might be in the middle of a complicated fast‑moving transaction that requires an innovative pension solution or they may be going through routine triennial valuations looking at the options available for future scheme funding. Whichever it is we act as trusted advisors to our clients throughout a pension schemes lifecycle building trusted relationships and delivering order to do this we work closely alongside our actuarial colleagues and EY-Parthenon sector teams offering the successful candidate the opportunity to specialise in sectors or solutions.

We have grown significantly over the last five years and are on track to deliver growth in the current financial year. To meet demand we need to enhance our team further and this offers a great opportunity for progression as our plans are delivered.

Team and Working Culture

Our team is based across the UK and contains individuals from diverse backgrounds who are encouraged to bring their own perspectives to provide innovative solutions to our clients problems. We support flexible working and many of our team members take advantage of either reduced hours contracts or atypical working hours to fit around other priorities.

Your Key Responsibilities

As a Pensions Executive you’ll work on a number of clients across our large portfolio in consultation with the Assistant Director / Partner in accordance with EY policies and protocols.

You will take responsibility for drafting client deliverables across multiple engagements reporting to the Assistant Director and where there isn’t one directly to the engagement Partner or Director project managing the engagement communicating issues to the Partner / Director and driving the project to completion with support from the Partner / Director / Assistant Director as appropriate.

We want you to be active in nurturing relationships both inside EY with different specialist teams across the firm and externally for example with client staff or lawyers as relationship‑building is an important and valued skill in Pensions.

You will also fit in to our positive learning culture from day one. You will bring your existing skills / knowledge and coach people in these where that is relevant and applicable to our work and you will be valued for your efforts to coach and counsel junior team members to help them develop.

Skills and Attributes for Success

• Financial analysis and scenario modelling to support decision making and awareness of the key drivers of corporate failure or underperformance.
• Commercial acumen using knowledge and insight gained from client work and apply your understanding of the wider business environment.
• Able to identify key issues on assignments and suggest workable solutions.
• Experienced in presenting findings clearly in reports and other deliverables to colleagues.
• Assist in managing the financial aspects of engagements by organising staffing tracking fees and communicating issues to project leaders.
• Demonstrate professionalism and confidence to deal with a range of stakeholder groups and management teams.
• Understand the capabilities of the firm looking for opportunities to bring other specialists into the pension assignment to achieve the best solution.
• Good project management skills with the ability to manage more than one assignment at a time
• Desire to support the people development of the Pensions team contributing to or leading training courses recruitment and team / wellbeing activities.
• Maintain an educational program to continually develop personal skills

To qualify for the role you must have

• A minimum level of experience working in the Pensions industry or a similar advisory role of at least one year
• An understanding of defined benefit pension schemes and their financial risk to employers
• Professional accountancy qualification required or other relevant professional qualification
• The ability to build strong internal and external relationships
• Appreciation of the risks inherent in advising businesses and their stakeholders.

Ideally you’ll also have

• A track record within a recognised pensions covenant advisory team including experience of delivering covenant reviews
• People development experience and can effectively supervise coach and mentor staff.
• Own network of contacts with work providers or will understand the importance of building one.

What we look for

We are looking for candidates who are highly motivated ambitious and have a passion to be part of a growing pension team where we encourage everyone to bring their whole self to a collaborative team player is also important as well as someone who is happy to work flexibly throughout a period of growth within Pensions.

What we offer

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We provide the tools and flexibility so you can make a meaningful impact your way.
• Transformative leadership: We give you the insights coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above please contact us as soon as possible.

The exceptional EY experience. It’s yours to build.

Apply now.

About EY

EY is building a better working world by creating new value for clients people society and the planet while building trust in capital markets.

Enabled by data AI and advanced technology EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance consulting tax strategy and transactions. Fueled by sector insights a globally connected multi-disciplinary network and diverse ecosystem partners EY teams can provide services in more than 150 countries and territories.

Employment Type: Full Time

Experience: Years

Vacancy: 1