Investment Manager, Strategic Asset Development

Legal & General; Greater London; On-site; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Generous pension contribution

Life assurance

Healthcare Plan (permanent employees)

Job summary

Legal & General (L&G) is a leading UK financial services group. The Investments team seeks a broad, influential professional to bring together investment analysis, insurance knowledge and stakeholder leadership.

You will work with Portfolio Management, ALM and Risk to assess new asset classes and strategic partnerships, translating complex investment ideas into well-supported decisions. You will join an environment that welcomes cross-functional collaboration and regulatory awareness, including

Qualifications

• Strong analytical judgement and the ability to evaluate complex opportunities.
• Clear written and verbal communication skills, including explaining technical subjects to varied audiences.
• Effective project management skills and evidence of delivering through others.

Responsibilities

• Supporting strategically important investment and business development initiatives.
• Developing new asset classes and alternative asset-sourcing channels.
• Originating and evaluating investment opportunities beyond established sourcing routes.
• Leading detailed due diligence across asset modelling, risk-return, capital, matching adjustment, P&L, ALM and hedging considerations.
• Assessing how potential investments fit within the wider portfolio.
• Establishing and managing effective relationships with external asset managers.
• Collaborating with Portfolio Management, ALM, Capital, Risk and wider business stakeholders.
• Managing the effective handover of completed projects to operational teams.

Skills

Analytical judgement

Written communication

Verbal communication

Project management

Education

Actuarial or investment qualification

Tools

None

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

This is a broad, influential role bringing together investment analysis, insurance knowledge and stakeholder leadership. You will work across the Investments team with colleagues in Portfolio Management, Asset Liability Management, Capital, Risk and Asset Management to assess new asset classes, sourcing opportunities, strategic partnerships and how best to optimise our backbook.The role will be reporting into the Head of Investment Business Development.

You will be joining an environment where complex investment ideas need to be translated into well-supported decisions utilising the latest regulatory developments (e.g. Highly Predictable (HP) assets, MA Investment Accelerator). We therefore welcome people with a crossover knowledge of how insurance regulation and investment constraints interact and can combine technical credibility with clear communication, thoughtful judgement and collaborative delivery.

What you'll be doing:

• Supporting strategically important investment and business development initiatives
• Developing new asset classes and alternative asset-sourcing channels
• Originating and evaluating investment opportunities beyond established sourcing routes
• Leading detailed due diligence across asset modelling, risk-return, capital, matching adjustment, P&L, ALM and hedging considerations
• Assessing how potential investments fit within the wider portfolio
• Establishing and managing effective relationships with external asset managers
• Collaborating with Portfolio Management, ALM, Capital, Risk and wider business stakeholders
• Managing the effective handover of completed projects to operational teams

Who we're looking for:

• Strong knowledge of the UK insurance sector and its investment considerations
• Good understanding and ideally experience of utilising the latest regulatory developments (Highly Predictable (HP) assets, MA Investment Accelerator)
• A broad understanding of fixed income investments across different asset classes
• Experience originating and evaluating investments for UK insurers
• Strong analytical judgement and the ability to evaluate complex opportunities
• Experience working across functions and managing senior stakeholders
• Clear written and verbal communication skills, including explaining technical subjects to varied audiences
• Effective project management skills and evidence of delivering through others
• A numerate, actuarial or investment qualification, or equivalent relevant experience, would be advantageous

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.