Current Vacancies

LPPI - Investments

Senior Analyst – Diversifying Strategies

London

Job Ref
SA-DS
Location
London

About LPPI

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Job Purpose

LPPI has a large and complex portfolio with over half the capital managed externally. The selection and ongoing monitoring of these external managers is one of LPPI’s key activities. This role will support the HoIDD in the implementation of LPPI’s external manager research and monitoring activities predominantly focused on Diversifying Strategies. This role requires you to build strong working relationships with both the internal investment team and third-party managers.

Key Responsibilities

• Monitoring & new IDD. Support/lead the monitoring of existing investments and selection due diligence on new investments in line with LPPI policies and mandate guidelines. This will include close collaboration multiple asset class specialists. You will be expected to build and maintain appropriate manager and investor networks

• Systems & processes. You will ensure monitoring and new investment due diligence processes are followed, including the recording of relevant documentation. LPPI and IDD processes will continue to be enhanced over time and you will support these ongoing evolutions in processes, systems, and tools

• Investment analysis & reporting. Produce relevant quantitative analysis to supplement the qualitative due diligence process across existing and new investments. Deliveries may include portfolio opportunity set/strategy analysis, detailed manager and portfolio specific performance/risk analysis, peer groups etc. You will also need to support additional reporting as required by LPPI stakeholders

• Portfolio analysis & reporting. Produce relevant quantitative analysis to predominantly but not exclusively support the management of the LPPI Diversifying Strategies portfolio. To include exposure analysis, performance attribution, and other portfolio level analytics e.g. cash flows

• Communication. Deliver clear, accurate and logical written reports as part of documenting the various elements of LPPI’s IDD process. You will need to support/lead structured interactions (including face to face) with third-party managers and other counterparties on a regular basis. You will be expected to synthesise information and escalate key points/issues as appropriate to the relevant internal teams and committees.

• Team. You will need to build relationships and liaise effectively with a range of internal teams including responsible investment, operational due diligence, risk, legal and others to execute LPPI’s IDD processes and ensure compliance with other internal policies. You may be required to supervise and train more junior team members over time


Experience/Skills/Attributes

• Degree level educated preferably gained within a finance, economics or mathematics related discipline. Possession of post-graduate qualification or professional accreditation (e.g. MS, MBA, CFA or equivalent) is an advantage

• At least 3-5 years’ experience of fund/manager research with a focus on Diversifying Strategies (i.e. uncorrelated strategies such as Fixed Income Relative Value, Equity Market Neutral, Macro). Experience in evaluating and monitoring third party managers via both desk-based research and face to face interactions

• Strong working knowledge of Diversifying Strategies, capital markets and relevant fund manager universes. Existing professional industry network

• Proactive mindset with excellent written and verbal communication skills

• Strong quantitative and analytical skills, detail orientation, problem solver, ability to synthesise data to make relevant and logical inferences.

• Structured and process driven with excellent organisation skills. Ability to prioritise, manage expectations and deliver on time

• Team player with ability to engage productively both within and outside immediate team to produce results

• Intellectually curious, desire to grow and develop knowledge within credit specifically but also across other asset classes and strategies

• 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.

Function
Investments
Status
Full Time
Type
Permanent
Hours
37


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Analyst - Credit

London

Job Ref
A-CR
Location
London

About LPPI

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Job Purpose

LPPI has a large and complex portfolio with over half the capital managed externally. The selection and ongoing monitoring of these external managers is one of LPPI’s key activities. This role will support the implementation of LPPI’s external manager research and monitoring activities predominantly focused on credit across both public and private market strategies. This role requires you to build strong working relationships with both the internal investment team and third-party managers.

Key Responsibilities

• Monitoring & new IDD. Support the monitoring of existing investments and selection due diligence on new investments in line with LPPI policies and mandate guidelines. This will include close collaboration with the credit team as well as other LPPI asset class specialists.

• Systems & processes. You will ensure monitoring and new investment due diligence processes are followed, including the recording of relevant documentation. LPPI and IDD processes will continue to be enhanced over time and you will support these ongoing evolutions in processes, systems, and tools

• Investment analysis & reporting. Produce relevant quantitative analysis to supplement the qualitative due diligence process across existing and new investments. Deliveries may include portfolio opportunity set/strategy analysis, detailed manager and portfolio specific performance/risk analysis, peer groups etc. You will also need to support additional IDD and credit asset class reporting as required by other LPPI stakeholders

• Portfolio analysis & reporting. Produce relevant quantitative analysis to support the management of the LPPI credit portfolio. To include look through exposure analysis, performance attribution, and cash flow forecasts.

• Communication. Deliver clear, accurate and logical written reports as part of documenting the various elements of LPPI’s IDD process. You will support structured interactions (including face to face) with third-party managers and other counterparties.

• Team. Outside of IDD and Credit, you will need to build relationships and liaise effectively with a range of internal teams including responsible investment, operational due diligence, risk, legal and others to execute LPPI’s IDD processes and ensure compliance with other internal policies.

Experience/Skills/Attributes

• Degree level educated preferably gained within a finance, economics or mathematics related discipline. Possession of post-graduate qualification or professional accreditation (e.g. MS, MBA, CFA or equivalent) is an advantage

• At least 1-2 years’ experience of fund/manager research with a focus on credit. Private credit experience is an advantage. Experience of the processes used to evaluate and monitor third party managers via both desk-based research and face to face interactions

• Working knowledge of credit investment strategies, capital markets and awareness of relevant fund manager universes.

• Proactive mindset with excellent written and verbal communication skills

• Strong quantitative and analytical skills, detail orientation, problem solver, ability to synthesise data to make relevant and logical inferences.

• Structured and process driven with excellent organisation skills. Ability to prioritise, manage expectations and deliver on time

• Team player with ability to engage productively both within and outside immediate team to produce results

• Intellectually curious, desire to grow and develop knowledge within credit specifically but also across other asset classes and strategies

• 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.

Function
Investments
Status
Full Time
Type
Permanent
Hours
37


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Senior Analyst – Client Management

London

Job Ref
SA-CM
Location
London

About LPPI:

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Purpose of the role

The overarching focuses of the role are to:

• Being committed to the delivery of excellent service for LPPI’s client base. In doing so, proactively supporting the Head of Client Management is essential.
• Partner with the broader LPPI teams in delivery to clients and enhance LPPI’s offering. Key teams are Strategy, Risk, Investment Performance, Legal, Operations and the in-house Asset Management teams.
• Positively contribute to the Client Management business function and be an active part of its growth.

The successful candidate will maintain an ongoing knowledge of each client’s portfolio and circumstances. A strong technical knowledge in areas such as investment management, global markets and defined benefit pensions is required. Strong written and verbal communication skills are essential as is the ability to simplify complex / technical ideas in a concise way. Strong cross-functional/business collaboration skills are required as the candidate will work with/across multiple teams within LPPI. The ability to absorb large amounts of information and apply to specific requirements, manage multiple projects simultaneously and drive them to completion effectively and represent LPPI’s Client Management function internally, as well as externally, is essential. As is the ability to “role up the sleeves” to achieve goals.
Proactivity and initiative, appropriately channelled, are essential qualities in this role.
The role will involve client contact, however on a limited basis for the short term. Candidates seeking an immediate client-facing focused role should consider other market-based opportunities.
This position offers the right individual an opportunity to shape their job and contribute to growing the Client Management department of an asset manager with exciting prospects.

Responsibilities:

• The core focus will be working with the Head of Client Management on LPPI’s book of UK defined benefit pension scheme clients. These schemes are open to new members.
• Acting as an “internal client” with regards to the setting of standards and shaping LPPI’s offering from a client perspective.
• Personal and written interaction on client delivery, including liaising with internal stakeholders and client representatives. Being able to represent the values that the Client Management Team uphold is essential.
• Contributing to the delivery of a range of investment reporting, including writing investment commentary and helping to oversee the ongoing accuracy and quality of the content.
• Checking a variety of client deliverables before they leave the building – across multiple teams. A keen eye for both numeric and written accuracy is required.
• Performing analysis with a “client focus” on a broad range of subjects, including asset allocation, portfolio construction and asset performance.
• Supporting the evolving legal framework which exists between LPPI and our clients.
• Being able to prepare presentation materials for internal / external use.
• Being technically proficient, both within an investment management context and also with reference to system infrastructure.
• Be directly involved in the execution and delivery of client projects.
• Contributing to the growth and development of the broader business across LPPI.

Knowledge & Competence Requirements

The role holder must be able to demonstrate the following knowledge and competence criteria to perform the role within LPPI:
1. Experience of working with institutional pension fund investors / clients.
2. Understanding the key features and objectives of a defined benefit pension scheme. An understanding of the valuation process / liability characteristics is desirable.
3. Understand how financial markets function and how they affect the value and pricing of investment related products.
4. Understand the key characteristics and associated risks of public and private market asset classes. This includes listed equity, fixed income, private debt, private equity, real estate, infrastructure and hedge fund strategies.
5. Understand the relevance of headline economic figures and the impact of national/regional/global events on markets and on the value of investment products.
6. Understanding investment performance and being technically proficient to calculate it. Appreciating the difference between past and future performance metrics.
7. Understanding relevant fund structures including Special Purpose Vehicles and pooled fund structures.
8. Understand issues relating to market abuse, anti-money laundering and general compliance related matters.
9. Appreciating the political landscape, history and direction of LPGS asset pooling.

Person Specification:
• Between 5 – 10 years of relevant industry experience. An asset management / investment consultancy background is preferable.
• Pragmatic flexibility to grow into the role profile as required.
• Excellent communication skills and ability to explain complex topics to non-technical individuals in writing as well as verbally.
• A sound understanding of financial markets, and ideally experience with: Pension funds, asset allocation, investment management, derivatives and investment risk / hedging strategies (i.e. currency hedging).
• FIA, CFA and/or CAIA encouraged but not required;
• Demonstrated record of academic achievement, work ethic, and leadership;
• Ability to work through complex problems and challenges to provide innovative insights;
• To be a proactive, self-motivated team player who has the ability to manage a high personal workload with multiple deadlines. An ability to “role up the sleeves” is necessary.
• Eager and have a willingness to go above and beyond what is typically required on the job and the ability to think critically and make appropriate decisions.
• Conscientiousness: A keen eye for detail and a strong commitment to quality.
• Effective communication skills including the ability to influence and build good working relationships at all levels both internally and externally.
• 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.

Function
Investments
Status
Full Time
Type
Permanent
Hours
37


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Deputy Portfolio Manager, Infrastructure

London

Job Ref
DPMI
Location
London

Deputy Portfolio Manager, Infrastructure
Reporting to: Investment Director

About LPPI

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Job Purpose
The Deputy Portfolio Manager role sits within the Infrastructure Investment team at Local Pensions Partnership Investments. The Infrastructure Investment team is responsible for managing over £3.5 billion of client committed capital, with around £1.0 billion of capital still to be deployed. The team’s assets under management are forecast to grow with further commitments expected.
The individual will have responsibilities spanning the full investment cycle, supporting the team in direct deal sourcing, investment analysis, execution and asset management. The person will be heavily involved in all elements of financial, commercial and technical due diligence for potential new acquisitions. They will be expected to support performance reporting and value-creation within existing portfolio businesses. The individual will report to Investment Director, Infrastructure.
Over time, the individual will be expected to 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.

Key Responsibilities
1. Actively assist in execution of direct investment opportunities by supporting key transaction workstreams through:
a. Oversight and leadership for financial analysis and modelling performed by financial advisers
b. Development of internal valuation cases using various valuation techniques, assumptions and sensitivities
c. Management of due diligence and financial advisers
d. Engagement with deal partners
e. Engagement with wider LPPI functions, including Responsible Investment, Compliance, Finance and Legal teams
f. Reviewing capital structure options and managing external financing for transactions
g. Developing and presenting Investment Committee analysis and presentations
2. Working with broader team across both direct and indirect investments, assist on idea generation for the asset class (strategic and tactical), by analysing sectors and companies, considering alternative options and preparing presentation materials as required.
3. Support the Asset Management function by:
a. Liaising with management teams and overseeing portfolio companies to maximise returns while minimising downside risk
b. Ensuring good governance and that all statutory contractual and corporate regulations and LPPI policies (such as ESG) are appropriately complied with
c. Assisting with oversight of portfolio performance and reporting
d. Contributing to quarterly and annual portfolio valuation and reporting processes, including presentations to the Fair Value Pricing Committee and Investment Committee
4. 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.
Knowledge & Competence Requirements (MIFID2 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.


Person Specification
1. Ideally at least three years of transaction experience either on infrastructure deals or wider M&A gained at a Corporate, Financial Advisory or a Consultancy firm.
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. Knowledge and skills to build and / or operate a fully integrated financial model to support the due diligence process.
5. Fully versed in various valuation techniques, with an emphasis on techniques used in private markets.
6. Understanding of a typical direct investment due diligence process.
7. Effective communication skills including the ability to influence and build good working relationships at all levels both internally and externally with potential partners and advisers.
8. Good presentation skills (both preparation and delivery)
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.
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 member.
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

Function
Investments
Status
Full Time
Type
Permanent


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Senior Analyst Infrastructure - Private Market

London

Job Ref
SAI
Location
London

Job description and person specification
Senior Analyst, Infrastructure
Reports to: Investment Director, Infrastructure
Purpose
To take end to end fund selection and monitoring responsibility. The areas covered would include input into the £2bn Infrastructure fund, primary responsibility for components of the London Fund (New product launched, seeded with £150m, Real Estate and Infra in London, This fund has a double bottom line, in that it needs to generate positive social outcomes and then also real estate value growth. Work will focus on primary funds but has scope to explore at co-investments and secondaries.
Assist in the development, implementation and management of the agreed Portfolio and particularly the internally managed Private Markets- Infrastructure Portfolio. Build and stress test, appropriate internal financial models to monitor performance and prepare appropriate corresponding management reports to facilitate decision-making forums. Build knowledge and capability across the investments function to support the wider team in the monitoring of external Private Markets- Infrastructure investment mandates in addition to carrying out other investment administration activities as directed for Executive Committee, Investment Committee and Board meetings.

Key Responsibilities
1. Actively assist in the development, implementation, on-going monitoring and improvement of the internally managed Private Markets- Infrastructure strategy following the Investment Strategy Statement, Asset Class mandate and LGPS Regulations ensuring that all investments meet the level of expected returns.

2. Working with colleagues, contribute to LPPI’s stated objectives to close the funding deficit within agreed time frames by maximising expected returns from Private Markets- Infrastructure assets and ensure the LPPI’s investments are:
a. Consistent with the Fund’s investment aims/expected returns and within acceptable risks.
b. Managed by the ‘best of breed’ managers contributing to the manager selection whilst looking for new mandates and continually monitoring and reviewing existing managers against their respective levels of return.
c. Placed within appropriate funds which match the LPPI’s investment profile and cash flow requirements.
d. Providing value for money by managing the fund’s expense ratio efficiently.
e. Improving the fund managers’ accountability and asset transparency.

3. Support the wider team in all aspects of investment research, execution, administration and operational activities as directed.















Key Accountabilities

1. To monitor the internally managed Private Markets- Infrastructure portfolio as directed by the Investment Director, Infrastructure.

2. To build, develop and maintain internal financial models for all direct Infrastructure holdings including other Private Market sector and strategy models as directed.

3. To analyse company accounts and financial statements, ensuring all holdings are appropriately stress tested in line with LPPI requirements.

4. Prepare and implement all administration, draft reporting, record maintenance (including corporate actions, dividend payments and reinvestments) associated with the Private Markets- Infrastructure Portfolio.

5. To prepare the voting and engagement process of all companies held in the Portfolio, with reference to the LPPI’s Investment Strategy Statement and chosen engagement themes.

6. To contribute to the due diligence process and prepare the appropriate accurate documentation to facilitate IC members decision making.

7. To assist the wider team in the monitoring of external Private Markets- Infrastructure portfolios.

8. Provide 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.

9. Act as key liaison for all internal and external auditing matters arising in relation to the Private Markets- Infrastructure Portfolio.

10. 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.

11. 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.

12. Actively support LPP’s equality programme, both internally and externally, along with all other corporate policy initiatives, as directed









Person Specification

The post holder will demonstrate:

1. Ideally significant Private Markets- Infrastructure analytical experience gained within a relevant and similar organisation. Over 3-5 yers

2. Degree level educated ideally gained within a business, finance and/or investment related discipline.

3. Ideally CFA qualified or other related qualification and willing to study further as necessary.

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 corporate financial model to support the due diligence process.

6. Fully versed in Private Markets- Infrastructure valuation 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 with fund managers and other external 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 a professional network and seek business opportunities within respective asset classes.

11. A proactive, self-motivated team player who can manage a high personal workload with multiple deadlines.

12. An understanding of the breadth of the diversity agenda including embedding good practise 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.

Function
Investments
Status
Full Time
Type
Permanent


Share this vacancy

Senior Analyst - Credit

London

Job Ref
SAC
Location
London

Job description and person specification

About LPPI
One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.
We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.
If you would like to join a company that is inclusive and forward thinking, please read on.
Senior Analyst - Credit
Reports to: Senior Analyst, Investment Due Diligence (IDD)

Job Purpose
LPPI has a large and complex portfolio with over half the capital managed externally. The selection and ongoing monitoring of these external managers is one of LPPI’s key activities. This role will support the Senior Analyst in the implementation of LPPI’s external manager research and monitoring activities predominantly focused on credit across both public and private market strategies. This role requires you to build strong working relationships with both the internal investment team and third-party managers.
Key Responsibilities
• Monitoring & new IDD. Support/lead the monitoring of existing investments and selection due diligence on new investments in line with LPPI policies and mandate guidelines. This will include close collaboration with the credit team as well as other LPPI asset class specialists. You will be expected to build and maintain appropriate manager and investor networks

• Systems & processes. You will ensure monitoring and new investment due diligence processes are followed, including the recording of relevant documentation. LPPI and IDD processes will continue to be enhanced over time and you will support these ongoing evolutions in processes, systems, and tools

• Investment analysis & reporting. Produce relevant quantitative analysis to supplement the qualitative due diligence process across existing and new investments. Deliveries may include portfolio opportunity set/strategy analysis, detailed manager and portfolio specific performance/risk analysis, peer groups etc. You will also need to support additional IDD and credit asset class reporting as required by other LPPI stakeholders

• Portfolio analysis & reporting. Produce relevant quantitative analysis to support the management of the LPPI credit portfolio. To include look through exposure analysis, performance attribution, and cash flow forecasts.

• Communication. Deliver clear, accurate and logical written reports as part of documenting the various elements of LPPI’s IDD process. You will need to support/lead structured interactions (including face to face) with third-party managers and other counterparties on a regular basis. You will be expected to synthesise information and escalate key points/issues as appropriate to the relevant internal teams and committees.

• Team. Outside of IDD and Credit, you will need to build relationships and liaise effectively with a range of internal teams including responsible investment, operational due diligence, risk, legal and others to execute LPPI’s IDD processes and ensure compliance with other internal policies. You may be required to supervise and train more junior team members over time


Experience/Skills/Attributes
• Degree level educated preferably gained within a finance, economics or mathematics related discipline. Possession of post-graduate qualification or professional accreditation (e.g. MS, MBA, CFA or equivalent) is an advantage

• At least 3-5 years experience of fund/manager research with a focus on private credit. Experience in evaluating and monitoring third party managers via both desk-based research and face to face interactions

• Strong working knowledge of credit investment strategies, capital markets and relevant fund manager universes. Existing professional industry network

• Proactive mindset with excellent written and verbal communication skills

• Strong quantitative and analytical skills, detail orientation, problem solver, ability to synthesise data to make relevant and logical inferences.

• Structured and process driven with excellent organisation skills. Ability to prioritise, manage expectations and deliver on time

• Team player with ability to engage productively both within and outside immediate team to produce results

• Intellectually curious, desire to grow and develop knowledge within credit specifically but also across other asset classes and strategies

• 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.

Function
Investments
Status
Full Time
Type
Permanent


Share this vacancy

Senior Analyst, Investment Strategy

London

Job Ref
SAIS
Location
London

Senior Analyst, Investment Strategy
Reporting to: Investment Director – Head of Investment Strategy

About LPPI

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward thinking, please read on.


Job Purpose

Under general guidance of the Head of Investment Strategy the role will support analysis in the context of strategic and tactical asset allocation.

Lead on the development of monitoring and analytical tools to assist in the maintenance of broad oversight of the LPP I asset portfolio, ensuring consistency with objectives and limits. Under the guidance of senior colleagues, the individual shall develop monitors of relevant macroeconomic information and commentary.

The Investment Strategy team shall have direct influence over the proposed top down investment approach, including specific investment recommendations. The Senior Analyst shall oversee data production and lead on the provision of analytical content to assist in the development of the strategic investment advice provided to clients.

Key Responsibilities
Investment management:

1. Support the Head of Investment Strategy and CIO(s) by contributing to the development of LPP I investment strategies, business plans and policies.
2. Proactively assist in the formation and articulation of macroeconomic lens trough which invest decisions will be framed.
3. Working with Head of Investment Strategy input into asset allocation (strategic and tactical) review, analysing alternative options and preparing presentation materials as required.
4. Lead on portfolio for consistency with targets, flagging exceptions to Head of Investment Strategy.
Investment operations:

1. Lead oversight of operational and reporting activities and act as the relationship owner with the Investment Operations team.

Key Accountabilities

Investment management

1. Principle accountability for the production of timely macroeconomic dashboard.
2. Contribute to the development of the macroeconomic commentary and analysis to support investment decision making.
3. Support colleagues in the due diligence process for new and existing investments.
4. Accountable for the review and update of investment strategy related policies
5. Act as key liaison with ALM analyst and Risk & Performance team, providing input and receiving/interpreting reports for review with senior colleagues within the Investment Team.
6. Support senior colleagues in the proactive management of RI/ESG investment related issues, including review of portfolio level data outputs.
7. Lead with the Head of Investment Strategy in the periodic review of investment performance across asset classes ensuring these continue to support the established performance objectives, investment policies, compliance procedures, risk and audit findings.

Investment operation
1. Under supervision of senior colleagues, act as key liaison with senior Finance (Performance and Risk) and Actuarial colleagues, in the direct preparation of the investment related reports, financial statements and all audit related matters.
2. Evaluation of investment performance including strong understanding of performance and risk reporting metrics.
3. Contribute to the formulation and continual monitoring and improvement of the compliance framework ensuring all activities are in line with LGPS, ISS and IMA regulations and processes.
4. Support head of Investment Strategy when monitoring IMA arrangements including supervision of KPI reporting.

Link between Executive Committee, Board, external and internal investment policy & functions

1. Under direction of Head of Investment Strategy contribute to the production of periodic (monthly at present) macroeconomic commentary for circulation to stakeholders.

2. Support Head of Investment Strategy in preparation of portfolio reports and presentations.

3. Lead on monitoring investment related legislation and assess its impact on the investment strategy advising Head of Investment Strategy and CIO(s) accordingly.

Organisational Accountabilities & Professional Development

1. 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.

2. To contribute and actively support the LPPI’s equality programme, both internally and externally, along with all other corporate policy initiatives as directed










Person Specification

1. Ideally three to five years’ plus analytical experience gained within a major financial environment, institution or government agency.

2. Experience and skills to conduct advanced monitoring and analysis including regular reporting within a multi asset context.
3. Demonstrable understanding of ALM principals, liability modelling and allocation “flight path” design.

4. Modelling capabilities including demonstrable knowledge and experience in the use of Bloomberg and other data sources to carry out econometric analysis.

5. Degree level educated preferably gained within a business, finance, economics and/or investment related discipline.

6. Ideally CFA or similar qualified or working towards completion of CFA or other related qualification and willing to study further as necessary.

7. Awareness or ability to develop an understanding of LGPS investment limits and procurement procedures would be desirable.

8. Demonstrable knowledge and understanding of principles and practices associated in investment policy development including the social and political issues affecting public pension investment programs.

9. Demonstrable knowledge and understanding of vehicles used for various types of investing including domestic and foreign equities, fixed income assets, real estate, infrastructure and alternative investments.

10. Demonstrable highly effective communication, influencing and relationship management skills including personal credibility in delivering strategic information to peers, Executive Committee and Board Members to facilitate high level decision making.

11. Existing developed industry network or ability to develop with stakeholders at all levels, maintaining contacts across all asset classes.
12. Good level of numerical, analytical and report writing skills, including the ability to use MS office tools to assist in communication of key messages to facilitate decisions.

13. A proactive, self-starter who is a strong team player with the ability to manage a high workload with multiple deadlines ensuring expectations are managed throughout.

14. The ability to understand and support the LPPI’s commitment to combat discrimination and promote 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.

Function
Investments
Status
Full Time
Type
Permanent


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