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Principal - Business Analyst

Reporting to: Business lead - Business Analyst
Team: Regulatory Policy, Analysis and Advice
Contract type: Permanent
Salary: Between £76,635 and £101,731 per annum, dependent on skills and experience, with access to performance related pay, bonus and civil service pension scheme
Location: Brighton
Closing date: Wednesday 3 March 2021

Job ref: 62207

TPR grade: 6 - Advisory

About us

The Pensions Regulator (TPR) is responsible for protecting workplace pensions in the UK. We work with employers and those running pensions to help people save safely for their retirement.

We have a fantastic office located in the heart of Brighton that is a short distance from the train station, shops and the sea.

We put our 700+ employees first by supporting flexible working and offering a diverse, lively and inclusive environment. This includes LGBT+ Network (PROUD), Women’s Network, BAME Network (ME) and a Disability Network, which offer supportive spaces to connect with like-minded individuals.

We are committed to making TPR a great place to work. We do all we can to support our people reach their full potential with training, secondment and development opportunities.

Role

We’re looking for a Business 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

  • 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 managers and other professional disciplines within the Pensions Regulator on business assessment and practices including successful and useful interventions and approaches.
  • Contribute to the development of the Pensions Regulator policies and guidance to the industry.

Essential and desirable criteria

Essential:

  • Experienced corporate banking or accounting advisory professional.
  • ACIB, CFA or ACA qualification.
  • Track record of engagement with corporate entities and other professional advisors.
  • Ability to analyse financial statements in detail.
  • Understanding of business valuation techniques and typical corporate capital structures.

Desirable:

  • Knowledge of UK defined benefit pensions environment, strategic trends and issues.
  • Understanding of insolvency and business recovery.
  • Corporate structuring / re-structuring, mergers and acquisitions.
  • Forensic accounting & investigative techniques.
  • Broad commercial awareness of general economic and sector-specific trends.

Person specifications

  • Proactive and flexible.
  • Negotiating skills.
  • Communication skills at all levels.

Salary and benefits

As well as a salary between £60,334 and £82,095, 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

How to apply

Please send your CV and a written statement to recruitmentteam@tpr.gov.uk quoting ref 62207. The statement should be no longer than 500 words, describe why you would be a suitable candidate and how your experience and skills meet our essential criteria.

We are an inclusive employer and offer equal opportunities to all regardless of an individual’s age, disability, gender identity, marriage or civil partnership status, pregnancy or maternity, race, religion or belief, sex and sexual orientation.

Candidates who declare that they have a disability and who meet the essential criteria for the job will be offered an interview.

Applications will be considered on a part time and job share basis.

Please be aware we are currently holding interviews through Skype due to COVID-19.

If you have any queries about this role, or if you have a disability and wish to request a reasonable adjustment at any stage of the recruitment process, please email recruitmentteam@tpr.gov.uk.