Investment Manager - Housing

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Company Description

Legal & General looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK's longest-running insurer.

Our Institutional Retirement division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes and their advisors to help them secure and protect scheme members' retirement benefits.

Joining us means you'll support customers' financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term to back our pension promises.

Job Description

We're currently looking to hire an Investment Manager - Housing to join Legal and General Retirement Institutional (LGRI) Housing Investments.

This role will be responsible for supporting transactions, portfolio management and executing strategic initiatives to expand LGR's investments in the housing asset class, both nationally and internationally. These investments will feed directly into L&G's ability to win new business in the PRT market

What you'll be doing:

• Drive forward the expansion of LGR's investments across residential asset classes (e.g., Built-to-Rent, Affordable Housing), both nationally and internationally to deliver on L&G's PRT new business growth
• Optimise deal structures in line with LGRI's risk appetite, balance sheet constraints and its Solvency II / Matching Adjustment investment framework to that maximise investment returns.
• Manage the residential property investment portfolio, by assessing how new investment opportunities fit into the wider portfolio construction and optimising existing asset holdings in order to effectively manage risk and maximise value
• Manage transactions in residential asset classes, representing LGRI with third parties/LGC/LGIM as appropriate and working with the Transaction Execution function to ensure appropriate execution, implementation and ongoing monitoring
• Operate at all times within the Mandates and Risk Limits set by the Business Divisions to ensure appropriate control for the Group and ensure that the principles of Consumer Duty are embedded in day-to-day operations to deliver good customer outcomes at all times

Qualifications

Who we're looking for:

• To be successful in this role Financial analysis / property markets experience is essential
• Strong written and verbal communication (ability to write reports/ presentations to a high standard and present these
• Experience working in front office of a bank, insurance company, asset manager or advisory boutique essential
• Transaction experience in corporate M&A gained in an advisory or direct investing role involving property and or debt
• Solvency 2 knowledge desirable

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution
• A company car allowance
• Life assurance
• Private medical insurance (permanent employees only)
• At least 30 days holiday, plus public holidays. There's also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
• Recommend L&G as a wonderful place to work and earn referral money if someone you know joins us
• Access to hundreds of discounts, both for our own products and at a range of high street stores and online
• Flexible working options, including recently redesigned and award-winning offices which are great spaces to connect and collaborate and have your wellbeing at the heart

#EXEC-L

Additional Information

Legal & General is a leading financial services group and major global investor, named Britain's Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone.

If you join us, you'll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you're open to find out more, we'd love to hear from you.