Job Title: Head of Asset Management
Reports to: Investment Director, Infrastructure
Lead accountability for management and optimisation of assets under management through proactively identifying optimisation strategies for Private Markets Assets. Responsible for stakeholder management for assets whilst acting as the LPPI representative for Board Directorships and board meetings as required. Accountability for Financial modelling and analysis in relation to companies and assets in portfolio.
1. Lead on the management and optimisation of Assets/Companies under management.
2. Responsible for identifying and recommending asset optimisation strategies to enhance the performance of the operations of infrastructure assets.
3. Lead on the management of stakeholder relationships for assets.
4. Responsibility to represent LPPI’s interests through Board Directorships for assets and participate in board meetings.
5. Principle contact and manage relationships with company service providers and investors.
6. Responsible for Financial modelling in relation to portfolio companies and assets
7. Assist Investment Director(s) to review and prepare investment related meeting agendas and material, ensuring effective briefings and presentations to the Board and Committee members on all items in line with corporate timetable.
1. Lead accountability for the management and continual optimisation of defined Assets/Companies under management.
2. To monitor, manage and assist in the development of the Private Markets portfolio as directed by the Investment Director(s).
3. Lead on the proactive monitoring of performance through financial analysis and modelling for all Private Market- holdings and strategy models as required.
4. Lead oversight of analysis on investment performance, ensuring all holdings are appropriately stress tested in line with LPPI requirements.
5. Accountable for ensuring LPPI’s interests and strategy is represented through Board Directorships for assets and participate in board meetings.
6. Accountable for effective relationship management with investors and company service providers.
7. To prepare the voting and engagement process of all investments held in the Portfolio, with reference to the LPPI’s Investment Strategy Statement and chosen engagement themes.
8. To lead on the due diligence process and prepare the appropriate accurate documentation to facilitate IC members’ decision making.
9. To assist the wider team where required in the monitoring of Private Markets portfolios.
10. Ensure delivery of all necessary accounting and administration information to the Operations and Finance Team as directed in order to aid the preparation of annual accounts and Committee reporting.
11. Act as key liaison for all internal and external auditing matters arising in relation to the Private Markets- Portfolio.
12. To contribute to the quarterly and annual Portfolio reporting process as required and other reports as required and/or directed by senior team members.
13. To continually develop both knowledge and skill in the professional investments arena by maintaining up to date information in relation to market development and regulation changes, through the attendance of external seminars and other professional courses as necessary.
14. To contribute and actively support LPP’s equality programme, both internally and externally, along with all other corporate policy initiatives as directed.
Knowledge & Competence Requirements
The role holder must be able to demonstrate the following knowledge and competence criteria to provide information about investment products, investment services or ancillary services that are available through LPPI:
1. Understand the key characteristics, risk and features of those investment products available through the firm, including any general tax implications and costs to be incurred by the client in the context of transactions. Particular care should be taken when giving information with respect to products characterised by higher levels of complexity.
2. Understand the total amount of costs and charges to be incurred by the client in the context of transactions in an investment product, or investment services or ancillary services.
3. Understand the characteristics and scope of investment services or ancillary services.
4. Understand how financial markets function and how they affect the value and pricing of investment products on which they provide information to clients;
5. Understand the impact of economic figures, national/regional/global events on markets and on the value of investment products on which they provide information.
6. Understand the difference between past performance and future performance scenarios as well as the limits of predictive forecasting.
7. Understand issues relating to market abuse and anti-money laundering.
8. Assess data relevant to the investment products on which they provide information to clients such as Key Investor Information Documents, prospectuses, financial statements, or financial data.
9. Understand specific market structures for the investment products on which they provide information to clients and, where relevant, their trading venues or the existence of any secondary markets.
10. Have a basic knowledge of valuation principles for the type of investment products in relation to which the information is provided.
1. Ideally a minimum of four years commercial asset manager experience gained within a relevant and similar organisation with demonstrable skills and knowledge.
2. Demonstrable extensive commercial experience of portfolio management in infrastructure, power and/or renewables.
3. Post-graduate level qualified or working towards final stages of completion of a relevant professional qualification such as CFA, ACA, MBA etc. with desire to actively maintain professional knowledge as required for the role.
4. Demonstrable commercial understanding with advanced knowledge and skills to carry out financial analysis and build Financial models to support performance monitoring and the due diligence process.
5. Effective communication skills including the ability to influence and build good working relationships at all levels both internally and externally.
6. The ability to build positive and productive working relationships both internally and externally with fund managers and other partners as required.
7. Good level of numerical, analytical and report writing skills including a working knowledge of MS office tools to assist in the communication of key messages and to facilitate discussions and decision making.
8. Ability to build professional networks and seek business opportunities within respective asset classes.
9. Promotes positive behaviour through own actions and attitude with the ability to deliver solutions within a team environment and be a flexible and supportive team player.
10. An understanding of the breadth of the diversity agenda including embedding good practice and an understanding of LPP’s commitment to combating discrimination and promoting equality of opportunity.
Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.