Consultant, Qualified Accountant required for Employer Covenant Advisor role, DTRB, Global Employer

Recruiter
Deloitte (UK)
Location
Southampton, Hampshire, United Kingdom, United Kingdom
Salary
Competitive salary
Posted
04 Sep 2022
Closes
04 Oct 2022
Ref
10134
Job role
Accountant, Tax
Experience level
Qualified accountant
Job description

Your opportunity
Deloitte Total Rewards and Benefits (DTRB), within the Tax & Legal Service Line is a multi-disciplinary group comprising over 200 professionals - actuaries, employee benefits specialists, accountants, investment professionals and administrators, led by five partners
.DTRB is regulated by the Financial Conduct Authority ("FCA") and provides investment advice, actuarial services, employer covenant advisory services and outsourced pension administration services to trustees and corporate sponsors of pension schemes.We are a national practice with a large team in Belfast, together with teams in London, Edinburgh, Manchester, Birmingham, Leeds and Glasgow.

The employer covenant is the employer's legal obligation and financial ability to support its pension scheme obligations. Employer covenant advisory involves assessing the financial strength of businesses, both on an ongoing basis and in the context of corporate events and transactions. This is a challenging and fast-growing area, particularly due to new legislation and increased regulation. Employer covenant, together with funding and investments, forms part of the integrated risk management framework which pension trustees use to help ensure the financial security of member benefits.

Are you looking to return to the workplace after an extended career break?
For this role we can offer coaching and support designed for returners to refresh your knowledge and skills, and help your transition back into the workplace after a career break of 2 years or more. If this is relevant for you, just let your recruiter know when you make your application.

Your role
Deloitte Total Reward and Benefits is seeking a Consultant with a strong accounting analysis background to help support the growth of its employer covenant advisory business.

The role will require leveraging your accounting and business analysis experience to assess the financial strength of businesses and consider the business challenges faced due to defined benefit pension obligations.

No pensions or employer covenant experience is necessary, as the role will provide a great learning opportunity for the successful candidate to train and develop into a client advisory role.

You will be able to analyse income statements, cash flows and balance sheets to assess the current or future strength of businesses. This may include evaluating the impact of a M&A, restructuring or refinancing on a business' profitability and balance sheet strength. This will help determine the financial strength of the business and its support provided to its pension scheme (i.e. the employer covenant strength).

This is a great opportunity for a high calibre candidate to fast track their career prospects, progress into a manager role, widen their skillset and be part of Deloitte's ambitious growth plans for its pensions and covenant advisory business.

The role will involve working on some of the most complex transactions and challenging issues businesses and trustees face, and work alongside a range of Deloitte specialists in actuarial, tax, financial advisory and legal.

Typical work will include:
  • Being part of a growing multi-disciplinary team advising some of the biggest private equity firms, creditor groups and global companies on the impact of a transaction, restructuring or refinancing on the employer covenant provided to pension schemes;
  • Supporting wider Deloitte specialists/experts to assist in devising and advising on solutions to mitigate changes in the employer covenant support provided to pension schemes;
  • Supporting the management of a portfolio of pension trustee advisory clients, advising on their employer covenant and providing input into their integrated risk management framework monitoring;
  • Providing analysis and support to advise corporate sponsors of pension schemes in negotiations with trustees over employer covenant and mitigation / financial support options;
  • Supporting the growth of Deloitte's employer covenant and pensions integrated risk management propositions; and
  • Developing go-to-market propositions and external marketing initiatives to help enhance Deloitte's pensions and covenant advisory brand.

Your work, your choice
At Deloitte we believe the best impact is the value we add, not the hours we sit at our desk. We carefully consider agile ways of working, both formal and informal, that allow for the best impact for our people and our clients. Please speak to your recruiter about the working pattern that works best for you.

Location: Flexible with occasional travel

Work pattern: This is a permanent full-time opportunity.

Your professional experience

  • A successful applicant will possess many of the following key skills and attributes:
  • Qualified Chartered Accountant with proven accounting, audit or financial analysis experience.
  • Experience of working on accounting/financial projects e.g. experience in accounting advisory, restructuring or corporate finance.
  • Ability to carry out financial reviews of businesses (e.g. P&L, balance sheet strength and prospects analysis), analysis of financial data, review debt structures, and report on industry and market research.
  • Some knowledge of insolvency analysis e.g. Entity Priority Models and Estimated Outcome Statements (which will be produced by wider Deloitte teams or other side advisors), in order to advise clients of the implications, will be helpful, although on the job training will be provided.
  • Ability to quickly develop knowledge of defined benefit pensions regulatory and employer covenant assessment, drawing on the wider team pensions expertise which will be available to provide on the job learning, support and development.

Your service line: Tax Consulting
Arguably the most stimulating career environment in our industry, tax at Deloitte is a far cry from tax at other firms. Here, it's all about collaborating with colleagues at the top of their game, across disciplines, for clients who urge us to constantly push the boundaries of our creativity. You'll find a diverse mix of people, all working together to deliver best-in-class advice. And you'll discover a structured programme that will help you develop even greater expertise. From fascinating projects to a wealth of secondment opportunities, you can enjoy a broad and rich career experience.

Personal independence
Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints. This can mean that you and your "Immediate Family Members" are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm. The recruitment team will provide further detail as you progress through the recruitment process.

About Deloitte

Our Purpose & Strategy
To make an impact that matters for our clients, our people and society - defines who we are and what we stand for. Our purpose provides the foundation for our strategy and our aspiration to be the undisputed leader in professional services: this is not about size, it's about being the first choice. The first choice for the largest and most influential clients, and the first choice for the best talent.

What do we do?
Deloitte offers global integrated professional services that include Audit & Assurance, Consulting, Financial Advisory, Legal, Risk Advisory and Tax Consulting. Our approach combines intellectual leadership, industrial expertise, insight, consulting & problem solving capabilities whatever the role, technology revolutions and innovation from multiple disciplines to help our clients excel anywhere in the world.

Beyond the UK: Deloitte North and South Europe
The UK is part of Deloitte North and South Europe (NSE), the second largest member firm in the Deloitte network. Deloitte NSE combines operations in Belgium, Central Mediterranean (Italy, Greece, Malta), Ireland, the Middle East (Bahrain, Cyprus, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Palestinian Ruled Territories, Qatar, Saudi Arabia, United Arab Emirates, Yemen), the Netherlands, the Nordics (Denmark, Finland, Iceland, Norway and Sweden), Switzerland and the UK. Deloitte NSE brings together 2,700 partners and over 50,000 people, combining our unmatched breadth and depth of capabilities in audit and assurance, consulting, financial advisory, risk advisory, and tax and legal across the region. Being part of Deloitte NSE supports our aspiration to be the undisputed leader in professional services and will create more opportunity and growth for our people.

What do we value?
What brings us all together at Deloitte? It's how we approach the thousands of decisions we make every day. How we behave, our beliefs and our attitudes. In other words: our values. Whatever we do, wherever we are in the world, we lead the way, serve with integrity, take care of each other, foster inclusion, and collaborate for maximum impact. These five shared values lead every decision we make and action we take, guiding us to deliver impact how and where it matters most.

Being a Leader at Deloitte
Cultural fit and purpose-led leadership is crucial for Deloitte. Our leaders always set the example and inspire their colleagues. They make quality time for people and take an interest in them. They know what matters to people - both inside and outside work - and value them as individuals; always finding opportunities to develop them while showing respect and appreciation.

We expect colleagues at all levels to embrace and live our purpose and our leadership culture by challenging themselves to identify issues that are most important for our clients, our people, and for society and make an impact that matters. We know leadership comes in all shapes and sizes, but our Leadership Charter helps all of our people understand what we're looking for:
  • We live our purpose: we act as a role model, embracing and living our purpose and values, and recognising others for the impact they make
  • We develop talent: we develop high-performing people and teams through challenging and meaningful opportunities
  • We drive performance: we deliver exceptional client service; maximise results and drive high performance from people while fostering collaboration across businesses and borders
  • We believe positive influence can make an impact that matters: we influence clients, teams, and individuals positively, leading by example and establishing confident relationships with increasingly senior people
  • We move, together, towards a strategic direction: we understand key objectives for clients and Deloitte, aligning people to objectives and setting priorities and direction.

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