Investment Manager

Legal & General; Greater London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Annual bonus

Generous pension

Life assurance

Healthcare plan

25 days holiday

Electric car scheme

Employee discounts

Sustainable offices

Job summary

Legal & General is seeking an Investment Manager to join the Core Capital team within Institutional Retirement. You will own portfolio management, oversight and governance, working with internal teams and external managers to support strategic priorities including Pension Risk Transfer and private market allocations.

The role requires a university degree in a relevant field, knowledge of investment analysis, and experience in investment oversight.

Qualifications

• Degree in finance, economics, mathematics or engineering.
• Professional qualification (CFA/CAIA/IMC) beneficial but not essential.
• Strong knowledge of investment analysis, portfolio/fund analytics and valuation.
• Understanding of investment structures and risk/return drivers.
• Experience in investment management, portfolio analysis or investment oversight.
• Ability to translate analysis into clear recommendations and to communicate with senior stakeholders.

Responsibilities

• Lead and contribute to Core Capital portfolio strategy and metrics.
• Coordinate due diligence and write investment recommendations.
• Oversee investment and fund manager performance against targets.
• Monitor liquidity metrics and cash forecasts; coordinate asset actions.
• Maintain high standards for data, MI packs and governance commentary.
• Draft and present committee and board papers with clear rationale and risks.
• Collaborate across internal teams and external partners to prioritise delivery.

Skills

Investment analysis

Portfolio analytics

Valuation

Fixed income

Alternative assets

Stakeholder communication

Portfolio oversight

Education

Finance/Economics/Mathematics/Engineering degree

Job description

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

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

Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.

Who we are

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.

Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

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

Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.

Who we are

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.

Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

Job Description

We’re looking for an Investment Manager to join our Core Capital team within Institutional Retirement.

Core Capital is a multi-asset portfolio spanning public and private markets, supporting strategic priorities including the Pension Risk Transfer business and seed or cornerstone investment in private market funds.

In this varied and collaborative role, you’ll take ownership of portfolio management and investment oversight activities across the Core Capital portfolio, including portfolio monitoring, investment assessment, liquidity management, manager oversight, governance materials. You’ll work closely with internal teams and external investment managers, contribute to portfolio strategy and help strengthen our data, management information, processes and controls.

What you’ll be doing:

• Leading and contributing to initiatives relating to the Core Capital portfolio, including portfolio strategy, Core Capital SAA and portfolio metrics, and assessing the impact of proposed investment actions on return, risk and solvency metrics
• Evaluating new and existing investments across listed and private markets, coordinating due diligence, writing investment recommendations and supporting investments through the relevant governance and execution processes
• Overseeing investment and fund manager performance against targets, maintaining relationships and supporting investment recommendations
• Monitoring liquidity metrics and cash forecasts, recommending actions and coordinating asset sales, rebalancing and financing activities to meet cash requirements and maintain stress readiness
• Maintaining high standards for portfolio, fund and position data, overseeing reconciliations and remediation of data issues, and contributing to management information packs and governance commentary
• Drafting and presenting high-quality committee, board and stakeholder papers, setting out the analysis, rationale, risks, mitigants and recommended course of action
• Building relationships across internal teams and external partners, providing direction and constructive review to colleagues, sharing knowledge and helping to prioritise delivery across the team

Who we’re looking for:

• A university degree or equivalent experience in a relevant discipline such as finance, economics, mathematics or engineering
• A professional qualification, or progress towards one, such as CFA, CAIA or IMC would be beneficial but is not essential
• Strong knowledge of investment analysis, portfolio or fund analytics, valuation, fixed income and/or alternative assets
• A good understanding of investment structures and the factors influencing risk, return and credit quality
• Relevant experience within investment management, portfolio analysis or investment oversight
• Experience assessing investments or monitoring funds and managers, with the ability to translate analysis into clear recommendations
• Strong written and verbal communication skills, with confidence working collaboratively with senior stakeholders and external managers
• An adaptable and organised approach, with the ability to take ownership, prioritise effectively and deliver under pressure

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

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are many discounts we offer – both for our own products and at a range of high street stores and online
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

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

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.