Investment Manager - Shareholder Funds

LegalAndGeneral; London; On-site; GBP 75,000 - 120,000; Full time

Job summary

A leading UK financial services group seeks an experienced Investment Manager to join their Institutional Retirement division in London. The role involves managing a diverse £10bn Core Capital portfolio and requires strong expertise in private market asset classes. Candidates should possess a University Honours degree and excellent communication skills, with a CFA qualification desirable.

Benefits

Annual performance-related bonus plan

Generous pension contribution

Life assurance

Healthcare Plan

At least 25 days holiday plus public holidays

Competitive family leave

Electric car scheme

Discounts for products and retail stores

Qualifications

• Experience in analysing and assessing new investment ideas for private market asset classes.
• Proven track record of managing funds or investing into funds.

Responsibilities

• Assessing, proposing, and executing new investments into Private Market funds.
• Overseeing and monitoring existing investments against targets and benchmarks.
• Liaising with internal stakeholders across multiple departments.

Skills

Strong knowledge of private market asset classes

Excellent communication skills

Education

University Honours degree or equivalent experience

CFA Charterholder qualification

Job description

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Company 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 division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes and their advisors to help them secure and protect scheme members' retirement benefits.

Joining us means you'll support customers' financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term to back our pension promises.

Recruiter: Jamie Daley - [e-mail] Internal Closing Date: 30/05/2025

Job Description

We are seeking a dynamic and experienced Investment Manager to join our Institutional Retirement division. You will be part of a dedicated team responsible for managing a diverse £10bn Core Capital portfolio, encompassing a wide range of asset classes. This role offers an exciting opportunity to contribute to strategic objectives and support the growth of our Private Market Funds

What you'll be doing:

• Assessing, proposing, and executing new investments into Private Market funds or Private Assets, including writing and presenting detailed investment proposals and updates to the Investment Committee
• Supporting the wider Investment Team in determining and seeking Board approval for investment strategies that optimise risk-adjusted returns and synergies across the business, ensuring alignment with risk appetite and regulatory requirements
• Overseeing, managing, and monitoring existing investments against targets, risk appetite, and benchmarks, including direct liaison with fund managers and representation on LP/Investor Advisory Committees
• Ensuring all business processes and internal controls within the role demonstrate effective management of operational and conduct risk
• Liaising with internal stakeholders across Group Treasury, Finance, Tax, Legal, LGIM, and Risk Teams to coordinate various elements of the role and ensure seamless integration of investment activities
• Participating in team discussions on portfolio positioning, market views, and economic scenarios to inform investment decisions and strategy adjustments
• Driving improvements to management information, documentation, and procedure notes related to investment and monitoring services, including ownership of IMAs, SLAs with Asset Management and external managers, and presentation of management information to governance committees and key stakeholders
• Ensuring all decisions and activities consider the fair treatment of customers in line with consumer duty accountabilities

Qualifications

Who we're looking for:

• University Honours degree or equivalent experience; CFA Charterholder qualification desirable
• Strong knowledge of at least one private market asset class and the ability to learn new asset classes
• Understanding of fund investment structures and insurance balance sheets
• Experience in analysing and assessing new investment ideas for private market asset classes
• Proven track record of managing funds or investing into funds
• Excellent communication skills, both written and verbal

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 the many discounts we offer - both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

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, term-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.

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