Senior Covenant Manager – Leeds (hybrid)

Are you a qualified accountant with a sharp eye for financial analysis and a passion for pensions? We’re looking for an experienced Senior Covenant Manager to lead the delivery of our clients covenant assessment and monitoring programme across a diverse portfolio of pension schemes.

This is a pivotal role at the heart of their strategy, offering the opportunity to shape covenant policy, manage a high-performing team, and work directly with scheme sponsors and trustees.

Key Responsibilities:

Lead the assessment and ongoing monitoring of employer covenant strength, using both quantitative and qualitative analysis.

Oversee a small team of Covenant Managers and Analysts, managing workflows and ensuring timely, high-quality outputs.

Engage directly with employers to gather financial data, discuss business performance, and support covenant assessments.

Prepare and deliver high-impact reports and presentations to Trustee and Employer Committees.

Ensure compliance with The Pensions Regulator’s guidance and evolving industry best practice.

Respond to ad hoc technical queries and contribute to wider risk management activities.

What We’re Looking For:

Qualified accountant (ACA, ACCA, CIMA or equivalent) with a minimum of 4 years PQE.

Proven experience in covenant reviews, business reviews, or financial due diligence.

Strong report writing and stakeholder management skills – confident presenting to senior audiences.

Project management ability and a proactive, team-oriented approach.

Knowledge of the pensions sector, employer covenant, and the regulatory landscape.

(Desirable) Background in professional services, restructuring, or insolvency.

Why Join our client?

Work for a leading provider of workplace pensions, supporting over 400,000 members.

Be part of a collaborative, values-led organisation that embraces innovation and continuous improvement.

Lead meaningful work that supports long-term financial security for thousands of members.

Enjoy flexible working, excellent benefits, and a strong focus on personal development.

Our Values:

We’re Inclusive, act with Integrity, always aim to be Innovative, are Customer-focused, strive for Cost-effectiveness, and remain deeply Committed to our purpose.