Assistant Business Partner

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VN-13778

Permanent

One Coleman Street, London, EC2R 5AA

Competitive + Bonus + Benefits

7 August 2019

Advise Fund Managers on the accounting impact of proposed capital and revenue transactions to both enable contractual agreements to reflect investment intentions and to understand the impact on fund returns

The main focus of the role is to:

 

  • Advise Fund Managers on the accounting impact of proposed capital and revenue transactions to both enable contractual agreements to reflect investment intentions and to understand the impact on fund returns;
  • Act as the interface between LGP’s front office and LGIM’s Investment Operations teams to ensure transaction information is accurately appraised and communicated to the LGIM Investment Operations team for processing;
  • Review work performed by the in-house LGIM Investment Operations team, including all reporting to external clients, responding to and resolving queries and maintaining quality control; the role also involves reviewing the work performed by third party fund administrators; 
  • Assist with MSCI reporting on client funds at month and quarter end;
  • Monitor/forecast debt requirements, ensuring external debt fundings are available as and when required and covenants will be met. 
  • The job holder will be expected to assist with ensuring accurate and timely reporting to clients such as our Annuity, PAIF, Bishopsgate and Vantage funds.
  • The job holder is integral to the asset management decision making process and relied upon to provide commercial, tax and risk management advice.

 

Accounting and reporting:

 

  • Manage/oversee the production of financial reporting; quarterly distribution packs and reports, board papers; investor presentations, including review of underlying work performed by outsourced fund accountants;
  • Respond to queries and monitoring work performed by the fund accountants and be a key point of contact for all matters;
  • Review and agree capital and/or income distributions before submission to external clients.
  • Take ownership of the process around completion statements and ensuring that payments/receipts are correctly determined and that accounting information is correctly and promptly provided to LGIM Investment Operations.
  • Notify LGIM Investment Operations of prospective transactions, ensuring effective communication of accounting treatment and implications to enable them to accurately record for NAV accounting purposes.
  • Produce/coordinate submission of financial reports to limited partners and other external clients. 
  • Fund Operating Guideline (FOGs) reviews.

 

MSCI reporting:

  • Be responsible for month and quarter end MSCI.
  • Debt management/compliance monitoring:
  • Assist Fund Managers with portfolio modeling, forecasting ICR and LTV sensitivities.  
  • Ensure compliance reporting to third party lenders.
  • Assist business partners with financings/refinancings of fund borrowings, including supporting lender due diligence and writing papers to investors.

 

Investment Performance:

 

  • Review MSCI accounts data and review MSCI output, challenging output results as required.
  • Take ownership of queries and issues related to MSCI or Lipper, as relevant.

 

Investment support:

 

  • Consult with, advise and influence Fund Managers to structure property acquisitions and disposals which from a tax, accounting and operations perspective are set up efficiently to help achieve/optimise investment returns.
  • Advise Fund Managers on the accounting, tax and fund return implications of both capital and revenue transactions.
  • Liaison and co-ordination of investment activities with outsourced fund accountants/ LGIM Investment Operations to ensure provision of information to enable timely and accurate NAV accounting for property funds.

 

Credit analysis:

 

  • Appraise/report the financial covenant status of tenants or purchasers or vendors as part of a transaction process. 

 

Management and General:

 

  • Key point of contact with the relevant third party relationship for the fund (eg external fund accountants, managing agents, trustees and Depositaries) and responsible for maintaining effective oversight of third party relationships.
  • Attend/present financial reports at General Partner (GP) board and investor meetings/presentations.
  • Ensure adequate finance procedures are in place and implement improved procedures where necessary, and
  • The role requires extensive liaison with other members of the senior management team, managing agents and external advisors.

Academic Qualifications

  • Degree 2:1 minimum – or equivalent is essential
  • Professional ACA, ACCA or CIMA (qualified)

Experience:

  • Qualified Accountant and recognized subject matter expert with experience of fund accounting in a property investment fund management environment; advising and influencing property fund managers on investment and transaction structuring to help drive investment returns; improving the operational infrastructure to support front office in managing property funds.      

Specialist knowledge / skills / experience

 

  • Strong IFRS skills
  • Implement property investment funds from first close through to investment and disposal
  • Knowledge and experience of structuring tax efficient property transactions
  • In depth knowledge and experience of Property fund accounting
  • Experience of MSCI methodology
  • Financial analysis/financial covenant appraisals of corporate entities 

Competence / characteristics

 

  • Excellent communication skills are essential.
  • Ability to advise, persuade and influence fund managers in an ambiguous and / or changing environment.
  • Strong analytical and numerical skills.
  • Ability to present to senior management, fund managers and external investors.
  • Developed decision making skills.
  • Robust technical property investment knowledge/experience relevant to role.
  • Proven track record of dealing with and influencing across an organisation to achieve objectives especially in respect of Senior Management and external stakeholders.
  • Strategic and focused approach to delivery and continuous improvement.
  • Evidence of effective working relationships with internal and external stakeholders.

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 27 days' holiday, private medical insurance, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.

About L&G

LGIM is the investment management arm of Legal & General Group, a FTSE 100 company. We are one of Europe’s largest asset managers and a major global investor, with assets under management of £983.3bn* (as at 31 December 2017). Our success has been built by focusing on clients and providing them with services and solutions that meet their needs. We offer strategies across the full spectrum of asset classes, including equities, bonds, property, alternatives and cash, as well as multi-asset strategies tailored to the needs of institutional and retail investors.

LGIM is one of the world’s leading providers of index fund management. We are at the forefront of developments in liability-driven risk management solutions for defined benefit pension schemes, a leading provider of defined contribution solutions and also offer wide range of strategies to help our clients manage their investment objectives. LGIM continues to innovate as markets evolve, building strong relationships with clients including pension scheme, sovereign wealth funds, wealth managers and other professional investors.

We understand that our scale brings responsibilities. We play an active role in the companies we invest in, from exercising shareholder voting rights to directly engaging with companies at a board level. By engaging with businesses, we aim to unlock value for investors and shape the future and sustainability of financial markets.

In addition to having a leading position in the UK, we have selectively expanded into new markets across Europe, the Middle East, Asia and the US. We believe that translating our capabilities to reflect the needs of our international clients will mean we are well placed to help them achieve their objectives.

*LGIM internal data as at 31 December 2017, including derivative positions and advisory assets. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor.

About the business area

LGIM manages fixed income, equity, multi-asset, liability-driven investment, property and alternative solutions on behalf of its clients. Located across the globe, our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. In order to meet the complex and evolving investment needs of our clients, we focus on remaining at the forefront of investment product innovation and maintaining our reputation as experts across all asset classes.

We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.

About L&G

LGIM is the investment management arm of Legal & General Group, a FTSE 100 company. We are one of Europe’s largest asset managers and a major global investor, with assets under management of £983.3bn* (as at 31 December 2017). Our success has been built by focusing on clients and providing them with services and solutions that meet their needs. We offer strategies across the full spectrum of asset classes, including equities, bonds, property, alternatives and cash, as well as multi-asset strategies tailored to the needs of institutional and retail investors.

LGIM is one of the world’s leading providers of index fund management. We are at the forefront of developments in liability-driven risk management solutions for defined benefit pension schemes, a leading provider of defined contribution solutions and also offer wide range of strategies to help our clients manage their investment objectives. LGIM continues to innovate as markets evolve, building strong relationships with clients including pension scheme, sovereign wealth funds, wealth managers and other professional investors.

We understand that our scale brings responsibilities. We play an active role in the companies we invest in, from exercising shareholder voting rights to directly engaging with companies at a board level. By engaging with businesses, we aim to unlock value for investors and shape the future and sustainability of financial markets.

In addition to having a leading position in the UK, we have selectively expanded into new markets across Europe, the Middle East, Asia and the US. We believe that translating our capabilities to reflect the needs of our international clients will mean we are well placed to help them achieve their objectives.

*LGIM internal data as at 31 December 2017, including derivative positions and advisory assets. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor.

About the business area

LGIM manages fixed income, equity, multi-asset, liability-driven investment, property and alternative solutions on behalf of its clients. Located across the globe, our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. In order to meet the complex and evolving investment needs of our clients, we focus on remaining at the forefront of investment product innovation and maintaining our reputation as experts across all asset classes.

We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.