Covenant Analyst (Covenant Consulting Group, UK Wealth)
Marsh & McLennan Companies
Woking , One Christchurch
4d ago

Company : Mercer Description : Covenant Analyst (Covenant Consulting Group, UK Wealth - London or Leeds What can you expect : Based ideally in either our London or Leeds office, you can expect to be working on situation s ranging from schemes with straightforward covenant structures to cross-border transactions involving multi-employer schemes and changing contingent security Given Mercer’s scale and breadth of clients, you would play a key role in continuing the rolling out of Mercer’s integrated risk management tool These are two new roles to this team, due to growth of clients recognising the value in obtaining employer covenant advice from Mercer, increased volume of new business opportunities and development of new integrated risk management products Whilst we would expect that you will commence in this role well versed in trustee and corporate applications, preparing for pitches and client delivery, within your first 3-9 months you will be upskilled in Mercer's processes by peers and management, whilst learning current tools and methodologies Long term there is the opportunity to develop the junior resource and move into more of a supervisory role What is in it for you : Excellent benefits include Pension, Life and health cover, private medical, flexible benefits Discretionary bonus 25 days holiday Flexible working We will count on you to : Assist in the sourcing, preparation, and delivery of advice to employers, trustees, and other stakeholders of final salary pension schemes Managing situations including triennial valuations, corporate activity (typically M&A but also group reorganisations and restructurings), and scheme events Liaising heavily with funding and investment colleagues to provide ongoing support on breadth of situations Prepare and deliver new business proposals On a day-to-day basis you would be working closely with funding, investment, and covenant colleagues to pitch for new clients, win new projects for existing clients, and deliver advice across the full scheme life cycle Typical recent assignments include : Negotiating recovery plans and contingent support for schemes with sponsors constrained by Covid-19, considering the covenant impact of a multinational undertaking spins and the need to assess the strength of an alternative parent company guarantor, advising trustees of a scheme whose employer has raised debt to fund investment in the wider group beyond the scheme’s covenant structure and advising the sponsor of a scheme negotiating a joint venture to evaluate the impact of the proposed transaction on the sponsor’s scheme and the joint venture partner’s scheme What you need to have : Ideally you will be an Employer Covenant professional with proven covenant experience Your covenant experience will include preparing pitches and advice on a range of situations Ideally your background will include you having worked in accountancy, restructuring, corporate finance, banking, or employer covenant Accounting qualification (ACA, CIMA, CFA or similar) What makes you stand out : All of the above plus strong communication skills at all levels Demonstrable experience with new business proposals Proven successes in a covenant role Be a strong self starter looking for a long term development MERCER Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being.

Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan (NYSE : MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 76,000 colleagues and annual revenue of $17 billion.

Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment.

For more information, visit https : / / www.me.mercer.com / . Follow Mercer on Twitter Mercer. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients regardless of their gender expression or identity, marital or civil partnership status, ethnic origin, nationality, age, background, disability, sexual orientation or beliefs.

We are proud of our inclusive culture where everyone feels empowered to bring their whole selves to work and thrive. Learn more about our foundational values, mission and vision for the future by reviewing our Greater Good Policy.

Marsh & McLennan Companies and its Affiliates are EOE Minority / Female / Disability / Vet / Sexual Orientation / Gender Identity employers.

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