Investment Operations Analyst

Hollybank Trustees Ltd; Wolverhampton; Hybrid; GBP 45,000 - 60,000; Full time

Benefits offered by this job

Enhanced Pension Scheme

Hybrid Working

Cycle to Work Scheme

Private Medical Insurance

Employee Assistance Programme 24/7

Job summary

LGPS Central (LGPSC) Ltd, the FCA regulated asset manager for fourteen local authority pension funds across the Midlands, seeks a Private Markets Operations Analyst to support investment activity and lifecycle management. The role collaborates with Investment teams, Client Services and Compliance, and external partners to improve processes and ensure regulatory compliance.

You will handle fund administration, accounting, reporting, and regulatory tasks, contributing to KPI reviews, audits, and

Qualifications

• Previous Fund Administration and/or Fund Accounting experience for Private Market investments, from either an Asset Management or Fund Administrator background.
• Some previous experience of supporting Private Equity, Private Debt, Infrastructure, Property investments is a must.
• An understanding of the roles played by an Outsourced Administrator.
• Any experience of Charles River, eFront or similar platforms would be an advantage.
• Competent grasp of the ‘life of a trade’ structure, knowledge of investment and accounting requirements and preparation of call and distribution notices.
• Understanding of regulations pertaining to Private Market investments.
• Proven track record of outstanding customer service, ideally servicing Financial Institutions.
• High attention to detail, analytical.
• Able to communicate complex and highly-technical matters in a way which is understandable and relevant.
• Confidence when communicating.
• Strong reasoning and problem-solving skills, able to develop pragmatic solutions to complex problems.
• Able to build effective relationships across all levels of the company.
• Highly organised and able to work to deadlines and manage competing priorities under significant time pressures.
• Strong interpersonal, communication and people management skills.
• Ability to challenge appropriately.
• Ability to think outside the box.

Responsibilities

• Provide operational support to Fund Managers.
• Preparing cashflow notices and managing cashflow activity with investors and General Partners.
• Bank and cash management and reconciliation
• Monitoring, processing and payment of invoices
• Oversight of the Fund Administrator for outsourced services including reviewing ongoing KPI and SLA performance
• Supporting internal audits
• Contribute to the development of the Target Operating Model
• Ad-Hoc project support
• Maintaining investment and accounting records
• Supporting valuation of investments
• Annual accounts preparation in compliance with FRS 102
• Preparing performance calculations
• Cost transparency reporting
• Preparation of quarterly performance reporting
• Periodic monitoring and review of the investors admitted and entities activity
• Compliance monitoring and reporting
• Formulating and implementing detailed compliance procedures in relation to applicable regulatory requirements.
• Preparing AIFMD Annex IV reporting
• Liaising with tax advisor for partnership tax compliance and tax structuring
• Ensuring compliance with Limited Partnership Agreement for administrative functions

Skills

Fund Administration

Fund Accounting

Private Markets

Attention to detail

Communication

Problem solving

Relationship building

Organised

Life cycle of a trade

Education

Degree level or equivalent

Tools

Charles River

eFront

Job description

Join us at a pivotal moment, where investment operations expertise, data integrity, and process excellence come together to underpin effective LGPS pooling and deliver strong outcomes.

The Private Markets Operations Analyst plays a key role within the Investment Operations team, which provides essential support to the Investment function. This position is responsible for ensuring the smooth and accurate processing and support for new investment activity and life cycle support of existing investments.

The role involves daily interaction and collaboration with internal teams across the firm, primarily the Investment teams but also including Client Services and Compliance, as well as with key external partners such as the Fund Administrator/Accountant, technology vendors and the General Partners. The successful candidate will contribute to the continuous improvement of operational processes, support the implementation of investment strategies, and help ensure regulatory and procedural compliance in line with best practice and LGPS Central’s commitment to excellence in asset management.

What you’ll be doing:

Fund and LP Administration

• Provide operational support to Fund Managers.
• Preparing cashflow notices and managing cashflow activity with investors and General Partners.
• Bank and cash management and reconciliation
• Monitoring, processing and payment of invoices
• Oversight of the Fund Administrator for outsourced services including reviewing ongoing KPI and SLA performance
• Supporting internal audits
• Contribute to the development of the Target Operating Model
• Ad-Hoc project support

Accounting and Reporting services

• Maintaining investment and accounting records
• Supporting valuation of investments
• Annual accounts preparation in compliance with FRS 102
• Preparing performance calculations
• Cost transparency reporting
• Preparation of quarterly performance reporting

Regulatory and compliance

• Periodic monitoring and review of the investors admitted and entities activity
• Compliance monitoring and reporting
• Formulating and implementing detailed compliance procedures in relation to applicable regulatory requirements.
• Preparing AIFMD Annex IV reporting
• Liaising with tax advisor for partnership tax compliance and tax structuring
• Ensuring compliance with Limited Partnership Agreement for administrative functions

About us

LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for fourteen local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Fund, and it is responsible for managing £100bn+ of their assets. It is one of six Local Government Pension Scheme (LGPS) asset pools in the UK.

LGPS Central’s Partner Funds are:

• Suffolk County Council

The Company is committed to responsible investment and has made responsible investment a core part of the investment process in every asset class.

LGPS Central offers a friendly and diverse, hybrid working environment with a range of employee benefits. The Company moved to new premises at i9, Wolverhampton Interchange in January 2022, close to local transport links.

Our objective is to be a leading investment management company working with and for our Partner Funds. With a focus on value for money and performance we want to aspire to be one of the best because this is how we will deliver the superior investment returns and low costs for our Partner Funds

Requirements

• Previous Fund Administration and/or Fund Accounting experience for Private Market investments, from either an Asset Management or Fund Administrator background.
• Some previous experience of supporting any of Private Equity, Private Debt, Infrastructure, Property investments is a must.
• An understanding of the roles played by an Outsourced Administrator.
• Any experience of Charles River, eFront or similar platforms would be an advantage.
• Competent grasp of the ‘life of a trade’ structure, knowledge of investment and accounting requirements and preparation of call and distribution notices.
• Understanding of regulations pertaining to Private Market investments.
• Proven track record of outstanding customer service, ideally servicing Financial Institutions.
• High attention to detail, analytical.
• Able to communicate complex and highly-technical matters in a way which is understandable and relevant.
• Confidence when communicating.
• Strong reasoning and problem-solving skills, able to develop pragmatic solutions to complex problems.
• Able to build effective relationships across all levels of the company.
• Highly organised and able to work to deadlines and manage competing priorities under significant time pressures.
• Strong interpersonal, communication and people management skills.
• Ability to challenge appropriately.
• Ability to think outside the box.

Qualifications:

• Degree level or equivalent

What do we offer?

We are proud to provide our people with a premium and exclusive benefits package and we are continually improving the rewards we offer. Here are a few of the valuable rewards that you will enjoy:

• An enhanced and generous Pension Scheme
• An extra paid Company Day in addition to paid holidays
• Welfare and Family friendly policies
• Enhanced pay for new parents
• Access to our Employee Assistance Programme 247 Health & Wellbeing Support
• Vitality Private Medical Insurance
• Hybrid Working
• Company Service Awards
• Cycle to Work Scheme
• Company Electric Vehicle Scheme
• Winner of the Cultural Awareness Initiative of the Year FT Advisors Diversity in Finance Awards 2023
• Winner of Diversity and Inclusion Award LAPF In Investments Award 2023