Lead accountability on defined areas of Private Markets- Infrastructure portfolio construction and oversight whilst contributing to idea generation and the development of investment proposals. Responsible for providing senior support to Investment Director in fulfilling ongoing duties and responsibilities within asset class verticals.
Build knowledge and capability across the investments function in order to support the wider team through the professional development of junior staff and the monitoring of investment mandates. Carry out other investment administration activities as directed for the Executive Committee, Investment Committee and Board meetings.
1. Actively assist in the development, implementation, on-going monitoring and improvement of the internally managed Private Markets- Instructure strategy in accordance with the Investment Strategy Statement, Asset Class mandate and LGPS Regulations ensuring that all investments meet the level of expected returns.
2. Working with Investment Director(s), lead on idea generation for the asset class (strategic and tactical), analysing alternative options and preparing presentation materials as required.
3. Oversight of Portfolio performance for consistency with targets, flagging exceptions and suggesting appropriate solutions as required.
4. Lead direct due diligence DD.
5. Support the Investment Director(s), Infrastructure and colleagues in all aspects of investment research, execution, administration and operational activities as directed.
6. Assist the Investment Director, Investment Strategy to review and prepare investment strategy 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. To monitor, manage and assist in the development of the Private Markets- Infrastructure portfolio as directed by the Investment Director(s).
2. To monitor the performance of internal financial models for all Private Market- Infrastructure holdings and strategy models as directed.
3. To have oversight of analysis completed on investment performance statements, ensuring all holdings are appropriately stress tested in line with LPPI requirements.
4. 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.
5. To lead on the due diligence process and prepare the appropriate accurate documentation to facilitate IC members’ decision making.
6. To assist the wider team where required in the monitoring of Private Markets portfolios.
7. 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.
8. Act as key liaison for all internal and external auditing matters arising in relation to the Private Markets- Infrastructure.
9. To contribute to the quarterly and annual Private Markets- Infrastructure Portfolio reporting process and other reports as required and/or directed by senior team members.
10. 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.
11. To contribute and actively support LPP’s equality programme, both internally and externally, along with all other corporate policy initiatives as directed.
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 three to four years Portfolio Management experience gained within a relevant and similar organisation with demonstrable skills and knowledge.
2. Educated to graduate level (or similar) ideally gained within a Business, Finance and or investments related discipline.
3. Post-graduate level qualified or working towards final stages of completion of a relevant Investments/Finance related qualification with desire to actively maintain professional knowledge as required for the role.
4. Capability to develop and follow an investment process based on the Investment Strategy Statement and demonstrable conformance therein.
5. Knowledge and skills to build, preferably unassisted a fully integrated financial model to support the due diligence process.
6. Fully versed in Private Markets, Infrastructure evaluation techniques.
7. Effective communication skills including the ability to influence and build good working relationships at all levels both internally and externally.
8. The ability to build positive and productive working relationships both internally and externally with fund managers and other partners as required.
9. 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.
10. Ability to build professional networks and seek business opportunities within respective asset classes.
11. 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.
12. 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.