Assistant Business Partner
- Contract Type
- Full Time
- Role Type
- One Coleman Street, London
- Competitive + Benefits + Bonus
- Closing Date
- Company Info
Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets of GBP 957 / EUR 1,090 / CHF 1,191 billion*. We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors
Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
*as at 30 June 2017, including derivative positions and advisory assets. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor.
- Department Info
LGIM Real Assets (LGIMRA) is one of the UK’s leading real estate investment managers with £23.5bn (Dec 2016) in assets under management and combines our expertise in commercial property, private residential, infrastructure, real estate lending and corporate credit, enabling an integrated investment approach. LGIMRA has an extensive programme of development projects including direct developments, fundings and joint ventures across all sectors of commercial property.
- Job Duties
The main focus of the role is to lead finance matters across several real estate funds which hold a range of developments and commercial properties; with a fund valuation in excess of £5bn.
Advise deal team on commercial terms relating to finance or tax matters.
Work closely with fund managers, transaction managers and asset managers as part of a team delivering fund transactions, fund valuations and fund governance.
Highlight tax risks and commission internal or external tax advice.
Ensure transaction fits within financial control and governance framework and that approval has been obtained.
Provide advice on accounting policy for real estate transactions and fund valuation queries.
Provide finance input to potential corporate acquisitions, including reviewing and performing deal due diligence.
Briefing stakeholders on upcoming transactions and ensuring all finance parties are ready to perform their critical roles.
Own the process around transaction completion.
Support fund acquisitions of property via corporate vehicles, including overseeing due diligence advice, ensuring tax team support and leading negotiation of pricing elements.
Financial Control and Financial Reporting:
Review quarterly fund valuation and fund accounts prepared by the fund accounting team, where this is reported to external clients.
Provide leadership on areas of financial control and fund governance.
Work alongside fund analysts to ensure historic and forecast financial performance reported in financial models is accurate.
Review, design, implement and monitor effectiveness of internal financial control procedures.
Sign off fund operating guidelines and review fund performance submission for performance benchmarking.
Oversee Outsourced Providers of Financial Reporting and Administration Services:
Own the relationship with, monitor and oversee the work of fund administrators and fund accountants, including offshore providers and internal providers.
Monitor key performance indicators and review work performed by providers.
Negotiate contractual terms and service requirements.
Prepare finance material and present it at investor meetings and board meetings.
Deal with investor questions and queries on finance matters.
Treasury and debt finance:
Run relationships with bank lenders for existing fund loans. Ensure procedures are in place to test loan covenants and deal with breaches. Assist with forecasting loan covenant compliance.
Manage fund liquidity to minimize cash drag on performance and ensure sufficient funding is in place for expenditure. This includes deciding the timing and amount of payments to and from equity and debt funders.
Potential Additional Projects:
Support fund managers and new business team on the launch of new funds and products.
Work with fund analysts to build financial models to inform investment decisions.
Support business to build new operating model and implement new software solutions.
- Skills Required
Experience of real estate investment is desirable but not essential.
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, 25 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.