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The Restructuring team in the North is looking for an Associate Director to join its team based in the Manchester Office.
The team delivers a blend of stakeholder / lender side advisory work (including support with financial restructurings), company side advisory and formal insolvency. The team in the North provides services to a full spectrum of businesses from small owner managed concerns through to large multinationals and also a wide range of work with public sector organisations, all typically experiencing some form of stress or distress.
The team is not aligned to specific sectors and specialisms, however there are individuals with significant experience in certain areas and situations and we would welcome this in applicants. Applicants however should expect to work across all sectors as situations and clients demand.

Where possible, assignments will be resourced to suit individuals’ base locations, but the nature and unpredictability of our work will mean that some travel (and possible international working) will be required.
The role will involve working across a range of assignment types, as highlighted above, and applicants should be ready to work in dynamic, flexible and fast moving environments.

Key Responsibilities:

To be an effective Associate Director within the team you’ll undertake the following:
• Frequently acting as day to day lead for delivery of client advisory projects or significant insolvency workstreams, taking the role as a key contact on engagements.
• Build strong, trusted adviser relationships with senior management and mid-level executives and other key stakeholders in engagements (including lawyers and contacts at banks and other lenders)
• Manage teams of colleagues working on the engagement, ensuring effective delegation and also multiple workstream delivery
• Manage engagements and projects to scope, time, quality and budget complying with KPMG engagement management practices
• Communicate views and insights (both in writing and verbally) in an effective and compelling manner to clients and KPMG colleagues, able to adjust style to circumstances
• Lead the design and development of client ready deliverables with minimal Director and Partner input
• Work with Partners / Directors across the business development cycle, including development of proposals and client sales presentations
• Coach and develop team members providing high quality developmental feedback
• Develop insightful sector points of view on key strategic issues for your chosen sector(s)
• Identify, design and lead practice development initiatives, coordinating other members of the team
• Appraise challenging & fast developing situations and look to develop innovative solutions and assess options for businesses and their stakeholders, which in certain instances may involve consideration of formal insolvency processes.
Key skills and competencies required:

• Demonstrable experience in leading workstreams, ideally on a mix of both advisory and insolvency assignments.
• Significant experience in the insolvency market.
• Experience at advising and working alongside a range of stakeholders, including lenders, corporates and internal KPMG stakeholders
• Strong commercial and business acumen
• Ability to work innovatively and ‘self start’ as well start teams of colleagues
• Ideally relevant insolvency qualifications (or targeting the same)
• Desire to build wide advisory and insolvency skillsets and develop knowledge of all Restructuring offerings
• Ability to communicate well across a range of operational and financial staff at all levels. This is also often in challenging circumstances given the financial positions of the organisations we typically work with.
• Willingness to embrace work across all sectors and potentially undertake some travel.

KPMG’s Restructuring Employer Covenant Review Team are looking for a Senior Manager to join our expanding team in Birmingham.
Our work centres on assessing the financial strength of the companies that are responsible for funding defined benefit pension schemes, and how much these companies can afford to pay to their schemes to meet the funding shortfall.
Our work is hands on – as well as producing concise reports, we are in the boardroom providing direct strategic and negotiation support, and then implementing our recommendations.

We work for both trustees and corporates, including some of the largest and most complex businesses in the UK. Our work falls into three areas:

- Assessing the financial strength of the business supporting the scheme for the trustees or helping the corporate present their financial strength to their scheme trustees/advisors;
- Assessing the impact of corporate activity on the level of financial support offered to the scheme – e.g. understanding the impact of M&A activity, business reorganisations, refinancings, etc. Again, we work for both corporates and trustees, often helping to design and implement structures and solutions; and
- Dealing with situations where the size of the scheme threatens the ability of the sponsoring company/group to be able to continue to trade. This requires innovative solutions, robust financial analysis and excellent negotiation skills.

We are part of KPMG’s core Restructuring practise and work closely with other parts of KPMG including Pensions Advisory, Transaction Services, Corporate Finance and various sector teams. In many situations, a multi-functional team is deployed.
The role requires strong accounting analysis, report writing skills and a commercial mind-set.
Applicants should be ready to work in a dynamic, flexible and fast paced environment. We work with a wide variety of clients, from FTSE 100 and high profile businesses through to small privately owned enterprises. Applicants should expect to work across all sectors.

Key Responsibilities:

• Lead the design and development of client ready deliverables with minimal Director and Partner input;
• Appraise situations (which can be challenging & fast developing) and look to develop innovative solutions, assessing options for businesses and/or stakeholders;
• Communicate views and insights (both in writing and verbally) in an effective and compelling manner to clients and KPMG colleagues, able to adjust style to circumstances;
• Build strong, trusted adviser relationships with senior management and other key stakeholders during engagements (including trustees, solicitors and actuaries);
• Manage teams of colleagues working on engagements, ensuring effective delegation and also multiple work stream delivery;
• Manage engagements and projects to scope, time, quality and budget complying with KPMG engagement management practices;
• Coach and develop team members providing high quality developmental feedback;
• Identify opportunities for the wider firm; and
• Involvement in business development activities, including developing pitches and proposals to win new work.

Key skills and competencies required:

• Strong commercial and business acumen, with evidence of experience;
• An understanding of relevant guidance to employer covenant work issued by the Pensions Regulator;
• Demonstrable experience in leading work streams, advising and working alongside a range of stakeholders;
• Ability to work innovatively and ‘self-start’;
• Desire to build wide advisory expertise and develop knowledge of the team’s offerings;
• Ability to communicate well with operational and financial staff at all levels;
• Good time management and organisational skills, together with the ability to prioritise tasks;
• An ability to produce high quality, detailed and accurate work, and produce concise and creative reports and presentations;
• Enjoy working in a dynamic, flexible and fast paced project environment;
• Willingness to embrace work across all sectors;
• Willingness to undertake some travel, albeit this is typically limited to day trips; and
• Strong financial and analytical skills, with relevant accountancy qualification.

KPMG’s Special Situations Group is made up of approximately 85 people, led by a team of seven partners, who are looking to enhance the delivery capability in order to support the next phase of growth.


The team delivers a broad spectrum of restructuring work including lender and company side advisory through a period of distress and/or restructuring, as well as implementation support covering turnaround, transformation and liquidity (both working capital improvement and cash preservation for stressed and distressed situations).


Whilst the team is not aligned to specific sectors there are individuals with significant experience in certain sectors and specific functional and/or sector focus would be considered a benefit. Applicants however will be expected to work across all sectors and situations depending on client demand.


Role and Responsibilities


We are looking to recruit an Associate Director to join the team to support the future growth plans to support the broad turnaround, transformation and liquidity offerings.


The vacancy will be based in London, although applicants will be required to work in other UK, European or international based locations depending on client demand.


Key Responsibilities:


• Responsibility for delivery of client projects, taking the role as day to day contact on engagements.
• Able to build and maintain strong, trusted adviser relationships with senior management and mid-level executives and other key stakeholders.
• Manage teams of colleagues delivering engagements, ensuring effective delegation and multi-work stream delivery.
• Deliver engagements and projects to scope, time, quality and budget complying with KPMG engagement management practices.
• Communicate views and insights (both in writing and verbally) in an effective and compelling manner to clients and KPMG colleagues, able to adjust style to circumstances.
• Lead the design and development of client ready deliverables with minimal Director and Partner input.
• Work with Partners / Directors across the business development cycle, including development of proposals, client sales presentations and participation in client pitch presentations.
• Coach and develop team members (and client staff) and provide high quality developmental feedback.
• Develop insightful sector points of view on key strategic issues for your chosen sector(s) including leading or playing a key role in a sector campaigns as many SMs do, including attendance of pitches
• Identify, design and lead practice development initiatives, coordinating other members of the team.
• Appraise challenging & fast developing situations and look to develop innovative solutions and assess options for stakeholders.
• Significant involvement in business development activities, including developing pitches and proposals to win new work including participation in pitch presentations.


Qualifications & Skills


• Ability to communicate well across a range of operational and financial staff at all levels including Board Members and other Senior Executives.
• Ability to work innovatively and ‘self start’.
• Ability to motivate a team to deliver outstanding work.
• Desire to build wide advisory skill set and develop knowledge of all Restructuring offerings.
• Ability to leverage personal and firm wide networks to support lead generation.


Background & Experience


• Drive and enthusiasm.
• Strong commercial and business acumen.
• Demonstrable experience in leading multi-work stream advisory projects (successful candidates will need to demonstrate some experience in each of the turnaround, transformation and liquidity disciplines).
• Experience at advising and working alongside a range of stakeholders, including PE firms, Lenders, corporates and internal KPMG stakeholders ie. CST partners and sector leads.
• Experience of being involved in at least one sector campaign.

The KPMG Restructuring practice advises a wide range of businesses that find it increasingly difficult to manage their cost base and meet their financial obligations, including in respect of their pension schemes. Following a number of high profile failures, the management of pension scheme obligations has become a primary concern for all stakeholders (government, corporates and trustees) and, as a result, we have seen a material increase in demand for our advice in this area. Our team is targeting further significant growth over the next few years, leveraging our market leading credentials in this area.


During 2019, our Restructuring team advised on several high profile insolvencies, including a number of retail CVAs, where addressing the business’s pension obligations was a key concern. Over the course of 2019 we provided pensions specific Restructuring advice on corporate transactions with a total value in excess of £5 billion, across a wide range of sectors (Oil & Gas, Defence, Retail, Manufacturing), with clients ranging from Financials Investors and Global Listed Groups through to family owned businesses.


Due to the volatility in pension asset values and the UK population living for longer, pension funding requirements have grown materially in recent years. Further, following several high profile corporate failures, the regulations regarding the funding of pension schemes has become increasingly stringent. As a result, dealing with pensions stakeholders is now seen as a key boardroom issue, and our Restructuring pensions expertise means we liaise with our clients at a boardroom level – often directly with the CEO and / or CFO.


Due to the rapid growth in demand for these services, we are looking for a Manager to join our expanding National team, with this role based in London. Further, it is our expectation that there will be the opportunity for the right candidate to progress over time to an Associate Director grade.


The London Restructuring team comprises over 250 people, led by 24 partners and four associate partners. This specific role would see the successful candidate joining the National Markets London team (approx. 60 people, four partners and one associate partner), with a particular focus on assessing the financial strength of the companies that are responsible for funding defined benefit pension schemes and assessing how much these companies can afford to pay to their schemes to meet their funding requirements.


Our work is hands on – as well as producing concise reports, we are in the boardroom providing direct strategic and negotiation support, and then implementing our recommendations. Applicants should be ready to work in a dynamic, flexible and fast paced environment. The role requires strong accounting analysis, report writing skills and a commercial mind-set.


We work with a wide variety of clients, from small privately owned enterprises through to FTSE 100 and high profile businesses. Applicants should expect to work across all sectors.


Further, this role would also be ideal for candidates looking to work flexibly – we would be more than happy to accommodate a 4 day working week, or working reduced hours across a 5 day working week.


Roles and Responsibilities


To be an effective Manager within the Employer Covenant team, and in this role specifically, you will undertake the following:
• Build strong, trusted adviser relationships with senior management and other key stakeholders during engagements (including trustees, solicitors and actuaries);
• Manage teams of colleagues working on engagements, ensuring effective delegation and also multiple work stream delivery;
• Manage engagements and projects to scope, time, quality and budget complying with KPMG engagement management practices;
• Appraise situations (which can be challenging & fast developing) and look to develop innovative solutions, assessing options for businesses and/or stakeholders;
• Communicate views and insights (both in writing and verbally) in an effective and compelling manner to clients and KPMG colleagues, able to adjust style to circumstances;
• Lead the design and development of client ready deliverables with minimal Director and Partner input;
• Coach and develop team members providing high quality developmental feedback;
• Identify opportunities for the wider firm; and
• Involvement in business development activities, including developing pitches and proposals to win new work.


Qualifications and Skills


Key skills and competencies required:


• Strong commercial and business acumen, with evidence of experience;
• Demonstrable experience in leading work streams, advising and working alongside a range of stakeholders;
• Ability to work innovatively and ‘self-start’;
• Desire to build wide advisory expertise and develop knowledge of the team’s offerings;
• Ability to communicate well with operational and financial staff at all levels;
• Good time management and organisational skills, together with the ability to prioritise tasks;
• An ability to produce high quality, detailed and accurate work, and produce concise and creative reports and presentations;
• Enjoy working in a dynamic, flexible and fast paced project environment;
• Willingness to embrace work across all sectors;
• Willingness to undertake some travel, albeit this is typically limited to day trips; and
• Strong financial and analytical skills, with relevant accountancy qualification.


Experience and Background


Prior experience of undertaking pensions related work is not essential. Up front training and continuous coaching will be provided.

The Insolvency Restructuring team [in London] are looking for a Manager to join their team. We are looking for an individual to work alongside colleagues in the Core Insolvency team which is responsible for providing insolvency and contingency planning advice in large, complex situations often involving multi-jurisdictional advice.


The team delivers a blend of stakeholder advisory work, typically linked to providing advice around distressed businesses and supporting restructuring via the use of insolvency procedures as well as undertaking formal insolvency work for typically large and complex institutions.


The team is not aligned to specific sectors and specialisms, however there are individuals with significant experience in certain areas and situations, and we would welcome this in applicants. Applicants however should expect to work across all sectors as situations and clients demand.


Where possible, assignments will be resourced to suit an individual’s base location, but the nature and unpredictability of our work will mean that some travel (and possible international working) will be required. The role will involve working across a range of assignment types, as highlighted above, and applicants should be ready to work in dynamic, flexible and fast moving environments.


Role and Responsibilities


To be an effective Manager within Restructuring you will need to undertake the following:
• Working in engagement teams of typically 3 to 6 people, supporting senior team members on a range of product types;
• Build strong, trusted adviser relationships with senior management and mid-level executives and other key stakeholders in engagements (including lawyers and contacts at banks and other lenders);
• Manage engagements and projects to scope, time, quality and budget complying with KPMG engagement management practices;
• On certain relevant assignments, overseeing work as the main point of contact with the client, reporting back to engagement leaders and other senior staff;
• Undertaking of detailed analysis to present robust advice to client teams;
• Appraise challenging & fast developing situations and look to develop innovative solutions and assess options for businesses and their stakeholders, which in certain instances may involve consideration of formal insolvency processes;
• Potential involvement in new product development or business development activities;
• Development of junior staff on assignments.


Qualifications and Skills


• Qualified Chartered Accountant or background in the Restructuring profession;
• Some corporate insolvency experience beneficial, and ideally an insolvency licence / JIEB qualification (or an intention to commence this qualification) although this is not a requirement;
• Desire to build wide insolvency skillsets and develop knowledge of all Restructuring offerings;


Experience and Background


• Demonstrable experience in managing own work streams, within the Restructuring and Insolvency space;
• Strong commercial and business acumen;
• Ability to work innovatively with a track record of being able to ‘self-start’ whilst also capable of effective delegation to teams of colleagues;
• Ability to communicate well across a range of operational and financial staff at all levels. This is also often in challenging circumstances given the financial positions of the organisations we typically work with;
• Willingness to embrace work across all sectors and potentially undertake some travel;
• A positive team influence and achievements beyond the realms of project work including development and mentoring of junior team members;
• Drive and enthusiasm.