At LCP we love what we do, and it shows. We help our clients make good decisions based on insightful analysis, industry expertise and game-changing technology.
Due to continued growth we now have an exciting opportunity for a qualified accountant with pensions covenant consulting, or restructuring experience, to join our team in London.
Who are the team?
The Covenant consulting team at LCP is rapidly growing and well respected within the industry. The team provides full service financial advice to a arrange of clients and has established itself as one of the key players in the covenant advisory market.
Our aim is to continue on our growth path and we now have a role for a Consultant to join us on our journey!
What role will you be playing?
You will play a key role in the provision of advice to our clients (trustees of defined benefit pension schemes and companies which support defined benefit pension schemes). This will include :
On client projects, analysis of financial data, industry and market research, preparing written advice and presenting our findings
Assisting in publicising LCP's covenant practice, both internally to the firm and externally in the wider pensions world
Presenting internal training sessions
Presenting external training sessions on topical covenant related matters (e.g. to trustees)
Attending client meetings or new business pitches as appropriate
Monitoring media and financial releases relating to our clients
Supporting Partners and the Covenant Team with other ad-hoc tasks which will include business development, preparing tender documents and design of new media content and marketing materials
Supporting LCP's wider integrated risk management initiatives
Keeping abreast of developments in the market, regulatory guidance and anticipating clients' needs in light of these
What specific tasks will you be doing?
You will be providing covenant advice to a portfolio of trustee and corporate clients for a range of scheme types and sizes, including :
Leading the preparation of covenant assessments to support actuarial valuations
Leading the preparation of covenant assessments in the context of corporate activity, including M&A transactions, refinancing, restructuring, pension scheme mergers and any other event which impacts upon covenant strength
Leading the ongoing maintenance and preparation of covenant monitoring programmes
Advising clients on ways in which the covenant might be strengthened
Leading the analysis of the support provided to pension schemes by guarantors
Pro-actively engaging and communicating with clients, including :
Discussing financial data with finance teams at companies sponsoring pensions schemes
Liaising with colleagues at LCP who provide other services to those clients as appropriate
Producing written advice
Attending meetings with clients where appropriate
Marketing LCP's covenant services, including :
Assisting on the tendering process for new covenant advisory appointments, both to existing LCP clients, and to clients where there is no existing advisory relationship with LCP
Assisting in the development of marketing material for external use
Publicising the covenant service within LCP
What essential skills, qualities and experience are we looking for?
Qualified Chartered Accountant (100% first time passes preferred) or CFA with at least 2 years post qualified experience
Experience working in the Defined Benefits Pensions industry, specifically within covenant areas (however, other backgrounds will be relevant if you do not have this experience, e.
g. restructuring, corporate finance)
Understanding of employer covenant matters arising from defined benefit pension schemes and related issues
Ability to analyse statutory and management accounts, forecasts, and other financial information
Ability to create intuitive conclusions from relevant financial information
To be collaborative in approach, working well within a team structure
The ability to demonstrate clear, accurate and concise communication skills, both written and spoken
Ability to obtain the confidence of Partners by taking responsibility to ensure work is done to a high standard and within deadlines
The capability and confidence to suggest innovative ideas of working
Ability to work under pressure and to tight deadlines
Excellent planning and organisational skills
Experience of report writing, and extensive experience with Microsoft Outlook
A commercial awareness in all aspects of work
Delegating work to and effectively managing junior staff to ensure that work is delivered in a timely and efficient manner
A commitment to delivering high quality work to clients and developing your career at LCP