Current Vacancies

Corporate Governance

Corporate Governance Manager

London

Job Ref
CGM
Location
London

About LPPI (-%About LPPI)
LPPI, part of the LPP Group, is an in-house investment business authorised and regulated by the FCA. LPPI is responsible for managing around £22.8bn of pension fund assets, including six investment pooling vehicles and two Authorised Contractual Schemes.
LPPI is also the appointed Alternative Investment Fund Manager for GLIL Infrastructure LLP, an investment platform for core infrastructure opportunities, predominately in the UK. For example, GLIL recently announced its successful acquisition (with Octopus Energy Generation) of a 12.5% stake in the world’s largest operational offshore wind farm.
In 2020 LPPI collaborated with London CIV to form The London Fund, with the ambition of providing sustainable, long-term, risk-adjusted value to pension scheme investors while creating a ‘double bottom line’. The Fund focuses on investment opportunities in residential property and affordable housing, community regeneration, digital infrastructure and clean energy.

Why work for LPPI?

LPPI in recent years has focused on the development of its culture and the embodiment of its values. Annual assessment of colleagues’ performance considers the ‘how’ as much as the ‘what’ of objectives achievement. A flat structure and collaborative approach has resulted in LPPI developing a reputation for having a friendly and supportive working environment. Committed to actively progressing our diversity and inclusion agenda, we continue to support the 10,000 black interns programme and regular employee engagement seeks to understand how incremental improvements in this area can be made. ‘Town hall’ events and an accessible senior management (everyone sits together – no individual offices!) ensure that colleagues feel their voices are heard.

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

Role Purpose (-%Role purpose)

Work carried out by the Corporate Governance Manager, as a key member of the Company Secretarial Services (CoSec) Team, will directly address the priorities in LPPI’s purpose statement.

The CoSec Team contributes to LPPI’s purpose by delivering work under three pillars: governance framework and activities; Board and committee meetings servicing; and entity management and statutory/regulatory compliance.

The Corporate Governance Manager will take a lead role in the delivery of the third pillar entity management and statutory/regulatory compliance, service three key committees: Investment Committee; Fair Value Pricing Committee; and The London Fund Joint Committee, and lead the day to day relationship with GLIL from a corporate governance perspective.

Collaboration across LPPI is essential to deliver these objectives and ensure subject matter expertise benefits the wider investment business and its core processes.

Key Responsibilities (-%Key responsibilities)

The CoSec Team works to ensure good corporate governance practice is in place across the business, including the investment processes.

The Corporate Governance Manager will work with the Head of CoSec to ensure:

• delivery of work under the pillar of entity management and statutory/regulatory compliance is timely and accurate;
• that the CoSec team enjoys positive and collaborative relationships with LPPI colleagues, stakeholders in GLIL and The London Fund, also with third party service providers; and
• the CoSec team’s work is in line with best practice, while horizon scanning to strive for continuous improvement.

The Corporate Governance Manager will have line management responsibility for one member of the CoSec Team – role TBC. They are also expected to provide guidance to other members of the team, particularly in respect to entity Management, and in addition be key in developing consistency of practice and best in class professional standards across the team.

The Corporate Governance Manager will also deputise for the Head of CoSec, as required and will take a lead in delegated strategic project delivery.

The Corporate Governance Manager will be the “go to” contact for entity management within the CoSec Team, working closely with colleagues in the Investment Team.

The deliverables of the role:

Committee Meetings Servicing
The Corporate Governance Manager will service the following committees: Investment Committee; Fair Value Pricing Committee; and The London Fund Joint Committee. All meetings are quarterly with potential ad hoc meetings if required between scheduled meetings.
The servicing of these meetings will include (but not be limited to): agenda preparation; liaison with the Chair; review and upload of meeting papers; minuting; minutes approval process; tracking of actions; and updating decisions indices. Other members of the team may provide assistance with any of these activities (with the exception of the minuting) particularly in busy periods. (NB: the Governance Administrator will address all meeting scheduling; room bookings; catering etc).

Entity Management and Statutory/Regulatory Compliance
The Corporate Governance Manager will operate as the team lead for entity management, ensuring that all statutory and regulatory deadlines are met. The work will include engagement with colleagues in the Investment Team and with third party service providers to ensure the corporate governance aspects of any investment vehicle incorporations are completed accurately and within required timeframes.
The role will oversee entity management activities carried out by other members of the team, such as Companies House filings, LEI renewals, provision of KYC information and the maintenance of corporate structure charts.

Relationship Management
The Corporate Governance Manager will develop and maintain positive and collaborative relationships across the business and with wider stakeholders. They will lead on the day to day CoSec relationships with GLIL, The London Fund and the third party providers of CoSec services.

Additional Responsibilities

In a personal capacity they will be a role model for the LPPI values and associated behaviours, will invest time in self-learning and professional development and will complete mandatory on-line learning required of all members the Investment Team in a timely manner.


Requirements for the role (-%Requirements for the role)

• A Chartered Secretary/Corporate Governance Professional – an associate of the Chartered Governance Institute
• Experience of working with investments in a governance role, preferably experience of servicing an Investment Committee
• Knowledge of corporate structures and company incorporation
• A clear interest in raising standards and ensuring the implementation of best practice
• Ability to demonstrate and use own initiative to manage competing priorities in a demanding environment and deliver to deadlines against consistently high standards for quality
• Interest and ability to work effectively and collaboratively with a range of people and disciplines, developing trust in relationships with colleagues, including portfolio managers
• Experience in developing and maintaining positive and collaborative relationships with a diverse group of stakeholders
• Experience of using Board portals and entity management systems
• Excellent written and verbal communication skills
• Line management experience useful but not required

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
Corporate Governance
Status
Full Time
Type
Permanent


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Investment Operations

Investment Operations Analyst

London

Job Ref
INV-OPS A
Location
London

About LPPI (-%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.

Role Purpose (-%Role purpose)

LPPI’s Investment Operations Team is responsible for the end-to-end operational model which underpins and supports the investment management process. It looks to continually evolve its processes and controls to provide the robust foundations required to support the current and future state of the LPPI business as set out in the business plan.

This role is focused on the LPPI public market funds which are managed both internally and externally, having responsibility for middle office functions for the internally managed portfolio, the fund accounting for all funds together with the maintenance of the Investment Book of Record for the LPPI pooled funds

Key Responsibilities (-%Key responsibilities)

• Daily maintenance and control of the Investment Book of Record, including:

o Daily cash & position reconciliations
o Management and monitoring of cash balances within defined tolerances and arranging any subsequent FX transactions
o Security price monitoring, review and resolution of stale prices
o Creation and maintenance of static data for portfolios
o Maintenance of valuations for internal funds and client portfolios
o Management and instruction of corporate action events
• Trade operations process for internally managed equities – confirmation and settlement of trades together with required reporting
• Proactive query management, ensuring effective resolution with internal and external parties
• Awareness of wider risks affecting daily operations and deliverables. Assisting with management of these, ensuring required controls are maintained and complied with, in accordance with procedure
• Effective commitment monitoring for private market investments
• Be a key contact point and liaise with external segregated managers providing support in areas such as new market openings when necessary
• Organisation and management of the daily, weekly, and monthly reporting process to meet all requirements
• Preparation of subscription and redemption forms and related cashflows
• Act as primary point of liaison, whilst developing effective working relationships, with internal teams regarding Due Diligence requests, Restricted List maintenance and other ad hoc tasks
• Accountable for developing and maintaining a close liaison with Risk and Compliance function whilst ensuring Investments are made within guidelines and report breaches when necessary
• Maintain day to day relationships with providers, interface with them regarding queries, escalation points and required approvals, escalating complex issues to Manager as required. Ensure that queries from providers and within LPPI are dealt with in accordance with agreed standards and in a timely, accurate and complete manner
• Providing ad hoc support across the Investment Operations Team when required
• Accountable for proactive updates and maintenance to the Investments Operations Manual as required
• Execute the outsourced providers’ monitoring programme to ensure that the service provided meets agreed standards of delivery. For example, review daily fund prices calculated by the providers for timeliness and accuracy
• Take responsibility for ensuring that all tasks and activities undertaken meet the requirements of the regulatory regime and that any exceptions/breaches are reported to line management immediately
• Provide data for inclusion in regular management reporting and prepare key performance indicator data and management information for regular reports to management
• Keep Manager and all relevant parties appraised of all matters of risk to LPPI
• Within scope of own responsibilities, identify process improvements and enhancements to optimise efficiency, mitigate risk and incorporate business and product changes. Make recommendations for change to line management and take part in implementing agreed changes
• Play an active part in working groups/project teams
The Team
• Participate actively in team meetings
• Represent your team both internally and externally
• Support line manager and other team members

Requirements for the role (-%Requirements for the role)

• Experience in Middle Office or Fund Accounting (Back Office) function, in a regulated investment management company or administration outsource provider
• Able to demonstrate a level of technical understanding of a range of investment instruments, fund types and products specifically public equities, fixed income, and derivatives
• Has a good understanding of the end-to-end business processes within an investment management company with particular focus on fund/investment accounting and fund management support functions
• Has experience of working with third party providers
• Has an understanding of the relevant regulatory environment
• Demonstrates a risk focus and an understanding of the importance of identifying potential risks and of reporting risks to line management and other relevant parties
• Has a high level of numerical and analytical skills and able to demonstrate a high level of attention to detail
• Demonstrate an understanding of the importance of clients/providers both internal and external and ability to work closely with others to meet objectives
• Prepared to take initiative, work flexibly to help the team achieve its goals, and respond positively to change
• Ability to identify problems and issues, work proactively with others to resolve them and escalate issues appropriately
• Takes responsibility for the completion of own work in accordance with agreed procedures and to the highest standards of quality and timeliness
• Is skilled in the use of MS Office in particular Microsoft Excel
• A proactive, self-motivated team player, with the ability to prioritise workloads to meet deadlines
• Has an appetite to learn and continually looks to improve and enhance own skill set
• Good conduct that is consistent with the LPPI values- aligned behaviours
• Strong communication skills
• Promotes positive behaviour, continually striving for improvements in quality, efficiency, and presentation, both personally and for the wider team
• An understanding of the breadth of the diversity agenda including embedding good practice and an understanding of LPPI’s public sector 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
Investment Operations
Status
Full Time
Type
Fixed Term Contract


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Investments

Portfolio Manager - Private Equity

London

Job Ref
PM-PE
Location
London

About LPPI (-%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.

Role Purpose (-%Role 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 primarily support the Head of External Managers in the implementation of LPPI’s Private Equity investments.

Key Responsibilities (-%Key responsibilities)
• Portfolio Management. Manage/lead decision making and investment recommendations for Private Equity. This includes responsibility for the portfolio construction and performance of the Private Equity portfolios, ensuring adherence with mandate guidelines and risk limits.
• Monitoring & new Investment Due Diligence (IDD). Manage/lead the selection of new investments and monitoring of existing investments in line with LPPI policies and guidelines including Responsible Investment considerations. Will be expected to take ownership of negotiating investment and commercial terms with third party managers. Will need to collaborate with other LPPI asset class specialists, as well as other internal teams (including ODD, Legal, Responsible Investment, and Risk). Expected to build and maintain appropriate manager and investor networks.
• Investment analysis & reporting. Manage/lead the production of relevant quantitative analysis to support portfolio management and supplement the qualitative due diligence process across existing and new investments. Deliveries include portfolio opportunity set/strategy analysis, detailed manager and portfolio specific performance/risk analysis, portfolio commentary, peer groups etc. Will also need to support additional IDD and Private Equity related reporting as required by other LPPI stakeholders (internal and external).
• Communication. Deliver clear, accurate and logical written reports as part of documenting portfolio construction, performance, and the various elements of LPPI’s IDD process. Required to present at internal Investment Team and Investment Committee meetings in a concise and articulate manner. On an ad-hoc basis will be required to present to clients.
• Team. Responsible for managing team resources and the ongoing development of less experienced team members. Outside the immediate Private Equity and External Managers teams, will need to build relationships and liaise effectively with a range of other internal groups including Responsible Investment, Operational Due Diligence, Risk, Legal and others to execute LPPI’s IDD processes and ensure compliance with internal policies.

Requirements for the role (-%Requirements for the role)
• Degree level educated preferably gained within a finance, economics or mathematics related discipline. Possession of post-graduate qualification or relevant professional accreditation is an advantage
• Significant demonstrated experience of portfolio management/decision making with a focus on Private Equity in an institutional setting. Deep experience of selecting and monitoring third party Private Equity managers via both desk-based and face to face interactions. Demonstrated ability to consistently follow an institutional investment process based on mandate objectives, restrictions and in line with policies
• Strong technical knowledge of Private Equity strategies, capital markets and relevant fund manager universes. Existing professional industry network. Good understanding of the implementation aspects that form part of investment opportunity evaluation e.g. structure/commercial terms
• Process driven with excellent organisation skills. Ability to prioritise, manage expectations and deliver on time both personally and at team level. Promotes positive behaviours through own actions. Challenges and supports team members enabling them to grow technical knowledge and responsibilities
• Proactive mindset with excellent written and verbal communication skills. Able to communicate logical opinions and constructively challenge. Strong quantitative and analytical skills, detail orientation, problem solver, ability to synthesise data to make relevant and logical inferences.
• Intellectually curious, desire to grow and develop knowledge both within and beyond Private Equity
• 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 Investments

London

Job Ref
SA Infra
Location
London

About LPPI (-%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.

Role Purpose (-%Role purpose)

The Senior Analyst role sits within the Infrastructure Investment team at Local Pensions Partnership Investments (“LPPI”). The Infrastructure Investment team is responsible for investing and managing client capital committed to LPPI Infrastructure IPV, GLIL Infrastructure Fund and directly owned infrastructure assets.
The person’s role is to support the broader Infrastructure investment team in all origination, execution, asset and portfolio management activities related to LPPI Infrastructure IPV, GLIL Infrastructure Fund and clients’ directly owned infrastructure assets. The role encompasses analytical, communication as well as administrative tasks that enable the broader Infrastructure investments team to deliver on its mandate. The individual reports to Investment Director, Infrastructure.

Key Responsibilities (-%Key responsibilities)

• Take responsibility and ensure that the internal financial models for direct Infrastructure holdings are accurate and properly maintained.

• Ensure that the Funds portfolio and the Funds exposure models are properly updated and maintained, are accurate and reflect the most recent information

• Verify that the analysis and outputs produced by junior team members are accurate and ready for use by senior team members

• Lead on quantitative analysis of potential Fund, direct and co- investment opportunities as directed, including development of cost models, business plans, sensitivity analysis, valuation outputs, etc

• Support the team in monitoring Funds, co-investments and clients’ directly owned assets, tracking monitoring activities into internal systems

• Support Asset Management activities for directly held infrastructure investments by taking full responsibility for production of relevant quarterly and annual portfolio valuation reports, monthly and quarterly commentary packs, presentations to Fair Value Pricing Committee and Investment Committee

• Support senior team members on ad-hoc analysis during origination, execution, asset or portfolio management activities as required

• Draft investment filter papers, post-meeting notes, Board pack comments and conference minutes as required

• Provide commentary on the information captured as a part of investment stewardship process (engagement with managers and companies on ESG issues) for inclusion in LPPI’s quarterly Responsible Investment (“RI”) reporting to clients and external disclosure on stewardship (PRI/UK Stewardship Code)

• Provide required information to the Strategy team to enable Strategic Asset Allocation and Client Commitment analysis

• Draft monthly asset commentary reports, quarterly and annual Infrastructure portfolio reports, Investment Committee papers, and ad-hoc reports as required and/or directed by senior team members

• Liaise with wider LPPI functions, including RI, Compliance, Finance, ODD, CoSec and Legal teams and facilitate efficient information flow among the teams to ensure smooth origination, execution and asset and portfolio management processes

• Coordinate closing processes for all types of investments with wider LPPI functions including Operations, Finance, CoSec, Legal and Communications teams

• Prepare delegated authority notes to enable appropriate and timely response to the Fund managers’ requests

• Coordinate preparation and distribution of KYC packs as requested by the third parties during investment execution process

• Report on and keep log of any issues uncovered with the tools, systems, data and information supporting the investment strategy, investment due diligence and monitoring procedures

• Contribute to the due diligence process for all types of Infrastructure investments and prepare the appropriate and accurate documentation to facilitate Investment Committee decision making

• 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

• Act as key liaison for all internal and external auditing matters arising in relation to the Infrastructure investments

• Assist the team in ensuring that the investments are managed in accordance with relevant LPPI responsible investment policies and frameworks

• Support evaluation and analysis of the ESG characteristics of the investments (source/nature/scale of material ESG risk exposure) and contribute to addressing ESG risks as part of portfolio monitoring and oversight

• 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

Requirements for the role (-%Requirements for the role)
• Demonstrated experience either on infrastructure deals or wider M&A gained at a Corporate, Investment Advisory, Financial Advisory or a Consultancy firm

• Educated to graduate level (or similar) ideally gained within a Business, Finance and/or investments related discipline

• Working towards final stages of completion of a relevant Investments/Finance related qualification (CFA) with desire to actively maintain professional knowledge as required for the role

• Knowledge and skills to develop, build and operate a fully integrated financial model

• Understanding of various valuation techniques, with an emphasis on techniques used in private markets.

• Understanding of a typical direct investment due diligence process.

• 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.

• Good presentation skills (both preparation and delivery).

• Excellent 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.

• Strong attention to detail in analytical, numerical and written work produced.

• A proactive, self-motivated team player who has the ability to manage a high personal workload with multiple deadlines.

• 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.

• 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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Data Scientist

London

Job Ref
CIO -DS
Location
London

About LPPI (-%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.

Role Purpose (-%Role purpose)

The main purpose of this role is to support/represent the Investment Team in sourcing, transforming, and analysing large sets of alternative and unstructured data to produce analysis, insights and presentations in a variety of programming languages and applications. This will provide the investment teams with insights to support informed investment decisions and reporting.


Key Responsibilities (-%Key responsibilities)

• Develop an understanding of the Investment Management process and data analysis requirements across the asset classes and governance structures that need to be supported
• Work with the CIO & Chief of Staff to ensure all solutions are in line with the broader objectives for the Investment Team
• Work closely with the Investment Teams to build an appreciation of the quantitative and qualitative aspects that play an integral role in the monitoring of direct assets and delegate fund managers.
• Create analysis, presentations and dashboard reporting in a variety of programming languages and applications
• Running data science research tasks/projects; creation of tools, techniques and practices to maximise efficiency of the team
• Liaise with IT to develop and enhance technical tools and supporting the development of the analytics data warehouse for enterprise data
• Work with the inhouse data team to specify the underlying data requirements
• Champion best practices as well as developing and maintaining data pipelines and self-service solutions
• Identify, design, and implement process improvements through automation and the evolution of our data subscriptions
• Helping to guide our technical requirements through design discussions, code reviews and technical presentations
• Support the testing to validate accuracy of data from existing and new systems and put forward recommendations to internal functions and external to ensure reliability of outputs going forward.


Requirements for the role (-%Requirements for the role)
• Strong technical knowledge with experience working in or supporting investment teams across public and private market asset classes in delivering data insights/analysis solutions
• Ability to manage, influence and prioritise across multiple workstreams to ensure successful and timely outcomes.
• Proactive, flexible and innovative approach to problem solving. Able to draw on previous experience and perspectives to challenge and enhance existing processes.
• Able to forge relationships internally as well as externally with the Investment team’s key analytical systems providers.
• Manage the data science function and will need to work closely with and draw on support from the investment teams and the wider business functions.
• Demonstrated relevant experience in Financial Services
• Deep theoretical experience of statistical machine learning methods
• Experience with big data technologies
• Programming experience in one or more of the following: Python, R, VBA, SQL
• Strong proficiency in Tableau and Excel
• Relevant degree subject (Maths, Statistics, Data Science or another Science related subject)
• Excellent communication skills
• Creativity and action-orientated
• Ability to communicate with the investment team to discuss and define system requirements.
• Ability to manage conflicting priorities and pre-emptively recognise when additional resource is required to ensure timelines are met.
• Requirement to work closely with internal risk, data, performance, Ops and technology teams to promote collaboration and ensure a successful outcome.

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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Deputy Portfolio Manager, Infrastructure

London

Job Ref
DPM - INFRA
Location
London

About LPPI (-%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 are an infrastructure investment professional and would like to join a company that is inclusive and forward-thinking, please read on.

Role Purpose (-%Role purpose)

The Deputy Portfolio Manager (“DPM”) role sits within the Infrastructure Investment team at Local Pensions Partnership Investments (“LPPI”). The Infrastructure Investment team is responsible for investing and managing client capital committed to LPPI Infrastructure IPV, GLIL Infrastructure Fund and directly owned infrastructure assets.
This role’s responsibilities span the full investment cycle from deal sourcing, through to investment analysis, deal execution and asset management. The person is involved in all elements of financial, regulatory, legal and tax, commercial and technical due diligence for potential new acquisitions. The DPM is expected to support performance reporting and value-creation within existing portfolio businesses. The individual reports to Investment Director, Infrastructure.
Over time, the individual is 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 investments.

Key Responsibilities (-%Key responsibilities)

1. Work with broader team across both direct and indirect investments to assist on idea generation for the Infrastructure asset class (strategic and tactical), by analysing sectors and companies, considering alternative options and preparing presentation materials as required.

2. Actively assist in execution of direct investment opportunities by supporting key transaction workstreams through:
• Overseeing and leading financial analysis and modelling performed by financial advisers;
• Developing internal valuation cases using various valuation techniques, assumptions and sensitivities.
• Managing due diligence and related advisers.
• Engaging with deal partners and co-investors.
• Engaging with wider LPPI functions, including Responsible Investment (“RI”); Compliance, Finance, Operations / Middle office and Legal teams.
• Reviewing capital structure options and managing external financing for transactions.
• Developing and presenting Investment Committee analysis and presentations.

3. Oversee execution of co-investment opportunities with third-party Infrastructure fund managers by:
• Engaging with third-party manager to understand due diligence undertaken to verify robustness of the proposed investment case.
• Conducting analysis of the proposed investment case, including running sensitivities and understanding impact of various fees and costs on LPPI’s net returns.
• Working closely with LPPI Operational Due Diligence team to conduct due diligence on the fund managers.
• Engaging with Legal, Compliance and RI teams to make sure that the co-investment is properly structured, and all of the required internal approvals are received prior to Investment Committee;
• Producing and presenting Investment Committee papers;
• Working with senior team members and IC members on key commercial documents and terms.

4. Support the Asset Management function by:
• Liaising with management teams and overseeing portfolio companies;
• Reviewing business plans and Board reports to track business performance against underwriting case and budget;
• Attending or representing the Funds on the Boards of portfolio companies;
• Ensuring governance procedures are followed; shareholder consents are obtained when required; and all statutory, contractual and corporate regulations are appropriately complied with;
• Assisting with oversight of portfolio performance and reporting;
• Leading on quarterly and annual portfolio valuation and reporting processes, including presentations to the Fair Value Pricing Committee and Investment Committee;
• Monitoring performance of follow-on investments and co-investments.

5. 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.

6. Develop relationships with institutional investors, developers, fund managers, advisers and other infrastructure market participants.


Requirements for the role (-%Requirements for the role)

• 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.
• Excellent presentation skills (both preparation and delivery).
• 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.
• Strong attention to detail in analytical, numerical and written work produced.
• Comfortable working as a part of a wider team and on a self-directed basis.
• Ability to build professional networks and seek business opportunities.
• 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.
• 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.
• Significant, demonstrated transaction experience either on infrastructure deals or wider M&A gained at a Corporate, Investment Advisory, Financial Advisory or a Consultancy firm.
• Educated to graduate level (or similar) ideally gained within a Business, Finance and or investments related discipline.
• Post-graduate level qualified or working towards final stages of completion of a relevant Investments/Finance related qualification (CFA) with desire to actively maintain professional knowledge as required for the role.
• Knowledge and skills to build and / or operate a fully integrated financial model to support the due diligence process.
• Fully versed in various valuation techniques, with an emphasis on techniques used in private markets.
• Experience of a typical direct investment due diligence process.
• Understanding of financing market dynamics and financing workstream requirements.

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, Global Equities

London

Job Ref
SA- GE
Location
London

About LPPI (-%About LPPI)

Local Pensions Partnership Investments Ltd (LPPI) is a wholly-owned investment subsidiary of Local Pensions Partnership (LPP). LPPI manages £18.5bn of pension assets for local government pension schemes (LGPS), with full delegation for the selection, monitoring and management of fund managers, and implementation of investment strategy on clients’ behalf. Since its launch in April 2016, LPPI has successfully designed and launched a suite of asset class-based investment funds which can be utilised to deliver clients’ strategic asset allocations. LPPI’s investment professionals are seasoned global investors whose experience span assets classes and investment styles, with deep buy/sell side asset management and capital markets experience.

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.

Role Purpose (-%Role purpose)

The candidate will form part of the direct public equity investment team at LPP.
The team manages two direct global equity strategies:

• A concentrated Large Cap Quality Growth portfolio; and
• A concentrated SMID Cap Global Quality Growth Portfolio.

Both portfolios are concentrated (c. 30 stocks), with long term horizons and benchmark agnostic approach to construction.

The candidate will work across both portfolios, researching companies for potential investment as well as being responsible for monitoring a number of existing holdings in each portfolio.
The role offers the opportunity to work in small and collegiate group of other generalist research analysts and portfolio managers on strategies that are core to LPPI’s equity asset allocation (c.£4.5bn in combined AuM).

Key Responsibilities (-%Key responsibilities)

• Work closely with colleagues in the Global Equity team to identify and research sectors and induvial companies across a range of sectors
• Become intimately knowledgeable of the companies that the candidate is responsible for monitoring in both portfolios, to facilitate decision making by the relevant Portfolio Manager
• Engagement with portfolio companies and develop relationships with company management and research providers
• Improve understanding, evaluation and integration of material ESG factors into investment decisions
• Support the wider team in all aspects of investment research, trade execution, administration and operational activities as directed
• To continually develop both knowledge and skill in the equity investment arena by maintaining up to date information in relation to market developments
• Actively support LPP’s equality programme, both internally and externally, along with all other corporate policy initiatives, as directed.


Requirements for the role (-%Requirements for the role)

• Significant demonstrated equity analytical experience gained within a relevant and similar organisation
• Thorough understanding of fundamental analysis, including comprehension of business models and valuation principles
• Degree level educated
• Ideally CFA qualified or working towards completion of CFA or other related qualification and willing to study further as necessary
• 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.
• To be a proactive, self-motivated team player who has the ability to manage a high personal workload with multiple deadlines.
• Ability to work independently and communicate effectively with Portfolio Managers
• Ability to conduct in-depth research papers that cover all key aspects of the LPPI investment philosophy
• Ability to build, develop and maintain internal financial models for individual companies
• Contribute to periodic reporting processes and other reports as required and/or directed by senior team members
• Prioritize effectively, and handle ad-hoc requests from various team members
• 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
• A strategic, analytical, and practical commercial mindset
• To share our passion about equity investing
• Knowledge of ESG concepts and ability to synthesize analysis in a practical way
• 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
• Capability to develop and follow an investment process based on sound principles and demonstrable conformance therein
• The ability to build positive and productive working relationships with internal and external partners as required
• 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
• High standards of ethics and integrity


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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Risk

Risk Specialist

London

Job Ref
Risk - RS
Location
London

Risk Specialist

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.

Role Purpose 

The role supports LPPI operate an efficient and effective control environment through working with teams across the organisation to identify, quantify, manage and mitigate risks within the processes that they operate; develop and implement plans to reduce the potential for losses to arise and identify opportunities to enhance efficiency in what we do, creating value.

Key Responsibilities 

• Support risk reviews and deep dives across the Enterprise Risk team maintaining training material, procedures and reporting in line with approved Risk Management Policy;
• Be the ‘go-to’ person for CAMMs (the risk system) development and information sourcing.
• Maintain the CAMMS risk system and Risk Register with outcomes from RCSAs. Monitor RCSA action plans with risk owners. Provide analysis and management reporting.
• Support LPPI risk event reporting, action tracking and upward reporting of management information on events.
• Support AAF assurance activity – to work with auditors and business areas on both Type 1 and Type 2 objectives aligned to the AAF scope. Ensure the documented controls can be evidenced and managed to maintain AAF accreditation.
• Support the outsourced internal audit function progress audit work; and with LPPI teams to close audit actions.
• Support quarterly client risk register reviews.
• Support the Model and Data Governance working group ensuring an effective change control process is in place for in scope models and data.
• Support the Risk, Compliance and Internal Controls Group to ensure co-ordinated and efficient assurance action tracking and closure
• Support the oversight of formal project activity and ensure projects are managed in accordance with the approved Risk Management Policy.
• Support the annual ICARA programme by co-ordinating workshops, and providing associated management reporting.
• Supporting the collation and maintenance of the Emerging Risk Radar
• Collaborate with other assurance functions to provide co-ordinated reporting to management and the Board.

Requirements for the role 

• Degree level knowledge in finance, science, mathematics, economics or risk management
• Demonstrable interest in working within a risk management function in the asset management / pension fund industry
• Well-developed numerical, analytical and report writing skills
• Good modelling and excel skills, and an ability to write VBA macros
• Demonstrable lateral thinking, problem solving, communication and organisational skills including the ability to build good working relationships
• Capability to perform research and analysis, and present clear and actionable summaries of findings
• Ability to work under pressure to tight deadlines, prioritise work effectively, evidence strong time management and deliver work to a consistent standard of excellence
• Adaptable and flexible
• A proactive, self-motivated team player who will take the initiative
• Good conduct that is consistent with the LPPI values-aligned behaviours

Function
Risk
Status
Full Time
Type
Permanent


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Enterprise Risk Manager

London

Job Ref
RISK - ERM
Location
London

About LPPI (-%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.

Role Purpose (-%Role purpose)

This role is to support the Head of Enterprise Risk provide a framework, metrics and information to support the safe delivery of the strategy within acceptable limits, identifying and quantifying current and emerging risks faced by the business and working with the management to control, manage, mitigate and report those risks.

Key Responsibilities (-%Key responsibilities)

• Provide the framework and metrics to support the delivery of the strategic plan, including the production of the risk report alongside the strategic plan with proposals for the metrics, risk appetite and tolerances.
• Be the ’go to’ person with repect to the strategic capital planning projection models and ensure they are appropriately maintained and evolved to remain fit-for-purpose.
• Be the ‘go to’ person for the risk capital model for ICARA and IFPR reporting, providing support and advice on its appropriate calibration and use.
• Be the ‘go to’ person to support the Risk team’s role within IFPR reporting to the FCA and the associated external disclosures.
• Provide risk reports to advise on the risk view of any material initiative on the corporate balance sheets of LPPI or LPP IFPR Group.
• To assess the principal risks of the Company and to ensure that these risks are being monitored and managed;
• Oversee and manage LPPI and LPP IFPR Group’s risk management framework, including policies and procedures, risk appetite and tolerances;
• Communicate the risk management framework and results effectively with shareholders, employees, regulators, other stakeholders;
• Co-ordinate and report on the result of LPPI’s ICARA process.
• Advise on the wind-down plan and provisions for LPPI and LPP IFPR Group.
• Provide a report on the risk perspective and implications of proposed corporate and senior objectives;
• Provide a report on the risk perspective of performance for the Remuneration Committee to make appropriate risk-adjustment to performance related pay.
• Co-ordinate and provide effective reporting and advice on risk exposures, MI, appetite and limits to the Directors, the Board and its committees;
• Implement and maintain a forward looking stress and scenario testing framework, including economic scenario analysis.
• Facilitate scenario workshops and support corporate contingency planning for key person risk succession/emergency cover, liquidity contingency plans on the corporate balance sheet
• Ensure risk management information systems are in place to maintain an effective risk radars/horizon scanning.
• Establish regular meetings and engagement with the corporate functions: Finance, Operations and People and Culture, Group Strategy
• Co-ordinate the Model and Data Governance group ensuring robust controls around model and data development and use.
• Support the business establish its own environmental, corporate and social responsible framework and monitoring.
• To maintain up to date knowledge in relation to risk modelling, applicable regulations including FCA, the Local Government Pension Scheme and pooling, The Pension Regulator and financial markets.

Requirements for the role (-%Requirements for the role)

• Degree level knowledge in finance, science, mathematics, economics or risk management
• Demonstrable interest in working within a risk management function in the asset management / pension fund industry
• Well-developed numerical, analytical and report writing skills
• Good modelling and excel skills, and an ability to write VBA macros
• Demonstrable lateral thinking, problem solving, communication and organisational skills including the ability to build good working relationships
• Capability to perform research and analysis, and present clear and actionable summaries of findings
• Ability to work under pressure to tight deadlines, prioritise work effectively, evidence strong time management and deliver work to a consistent standard of excellence
• Adaptable and flexible
• A proactive, self-motivated team player who will take the initiative
• Good conduct that is consistent with the LPPI values-aligned behaviours

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
Risk
Status
Full Time
Type
Permanent


Share this vacancy

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