Covenant & Financial Analysis Principal - Brighton, United Kingdom - Pensions Regulator

Pensions Regulator

Verified Company

Brighton, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Details:

Reference number:

Salary:

- £78,168- per annum, dependent on skills and experience, plus excellent benefits package
Job grade:

Other
Advisory 6
Contract type:
Permanent
Business area:
TPR
Regulatory Policy, Analysis and Advice
Type of role:
Analytical
Working pattern:
Flexible working
Number of jobs available:
1Contents

Location

About the job

Benefits:

Things you need to know

Location

Brighton, South East England, BN1 4DWAbout the job

Job summary:

About us
More than half the UK working population rely on The Pensions Regulator (TPR) to regulate their retirement savings.

With a career at TPR, you'll be joining an organisation that will impact on millions of lives for decades to come.

Everyone at TPR plays an important role in helping to keep more than £2trn of savings safe.

We're committed to bringing people into TPR who are ready to make a difference and put UK savers at the heart of what we do.

It is important to us that TPR remains a great place to work. We do all we can to help our people reach their full potential with learning, secondment, and development opportunities. We put our 900+ employees first, supporting flexible working and offer a diverse, lively, and inclusive environment. This includes our Disability Network, Family Network, LGBT+ Network (Proud), and Women's Network, which offer spaces to connect.

Our new corporate strategy outlines a bold and challenging vision of how pensions regulation should evolve to keep pace with a change in the scale and nature of the industry.

We are at the start of that journey. Join us to find out what part you can play.

Job description:

Role

We're looking for a Covenant & Financial Analyst to provide specialist financial analysis and strategic advice to case teams regulating Defined Benefit and pension schemes and Master Trusts and, through interaction with trustees and employers to ensure agreement of appropriate funding plans, and to protect members' benefits and the Pension Protection Fund through use of the Regulator's funding, clearance and moral hazard powers.

Responsibilities

You will:
provide business/financial expertise to ensure an appropriate outcome of cases, providing advice to support effective negotiation in disputes concerning pensions liabilities in funding cases and corporate transactions in order to protect members' benefits

- review agreed and proposed recovery plans with emphasis on affordability, viability, sustainable growth and cash management and take a leadership role in business negotiations to ensure agreed recovery plans are appropriate
- contribute to case teams with specific, technical analysis of corporate activity and provide recommendations to assist trustees' negotiations and the Regulator's clearance decisions, and use of moral hazard powers
- educate and mentor case specialists and other professional disciplines within the Pensions Regulator on business assessment and practices including successful and useful interventions and approaches
- contribute to the supervision of Master Trusts, Super Funds and CDC schemes
- contribute to the development of the Pensions Regulator policies and guidance to the industry.

Person specification:

Essential and Desirable Criteria

Essential:

Experienced corporate banking or accounting advisory professional
ACIB, CFA or ACA qualification or qualified by experience
Track record of engagement with corporate entities and other professional advisors
Ability to analyse financial statements in detail
Understanding of corporate structuring / restructuring, mergers and acquisitions
Understanding of business valuation techniques and typical corporate capital structures

Desirable:

Knowledge of UK defined benefit and defined contribution pensions environments, strategic trends and issues
Understanding of insolvency and business recovery
Forensic accounting & investigative techniques
Broad commercial awareness of general economic and sectorspecific trends

Person Specification

Proactive and flexible
Influencing skills
Negotiating skills
Communication skills at all levels

Benefits:

Salary and benefits
As well as a salary from £78,168, we offer:

Civil Service Pension arrangements, which are recognised as some of the best in the pensions world

- discretionary bonus arrangements
- access to performance related pay progression

25 days annual leave provision

- flexible working arrangements
- development opportunities
- enhanced parental leave arrangements
- a free employee assistance programme
- an excellent office location in Brighton.

Things you need to know

Selection process details:

How to apply
- a covering letter with details of how your skills and experience meet the role requirements
- a copy of your CV
- details of your notice period

We are an inclusive employer and offer equal opportunities regardl