Portfolio Manager

M&G; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading investment firm in Greater London is seeking a Portfolio Manager for its Liability Driven Portfolio Management team. This pivotal role focuses on managing non-profit annuity portfolios and implementing investment strategies. The ideal candidate will have strong knowledge of Bulk Purchase Annuities (BPA), excellent analytical capabilities, and communication skills, contributing to a dynamic team environment. Exceptional benefits such as a generous pension scheme and flexible work arrangements are offered.

Benefits

18% pension scheme

38 days annual leave

Private healthcare

Critical illness cover

Life Assurance

Qualifications

• Very good knowledge of Bulk Purchase Annuities (BPA) with experience in related business activities.
• Ability to handle multiple priorities effectively.
• Strong communication skills for internal and external relationships.

Responsibilities

• Support the Head of LDPM in overseeing investment and hedging strategies.
• Manage annuity and non-profit portfolios daily.
• Coordinate portfolio matching against liabilities including Solvency II compliance.

Skills

Knowledge of Bulk Purchase Annuities

Attention to detail

Client-focused

Analytical skills

Strong communication skills

Analytical and problem-solving skills

Client and delivery focus

Planning and organizational skills

Education

Actuary or CFA Charterholder (preferred)

Job description

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

Portfolio Manager – Liability Driven Portfolio Management Team

The M&G Life Investment Office (LIO) is responsible for the management of Prudential UK’s With-Profits, Non-Profit Annuity and Unit-Linked funds, with more than £140bn of funds under management.

The Portfolio Manager position within Liability Driven Portfolio Management (LDPM) Team will be primarily focussed on the Prudential UK's non-profit annuity portfolios, other non-profit portfolios, as well as a range of non-profit annuity and with-profits strategic hedging programmes.

Key Responsibilities:

• Support the Head of LDPM in overseeing the portfolios including the implementation of investment and hedging strategies
• Supporting the company's strategic initiatives, including its Bulk Purchase Annuity (BPA) and other liability driven products/propositions, with a particular focus on the investment strategy development and other related tasks (including the analysis of new assets/asset classes)
• Day to day management of annuity, non-profit and hedging portfolios, including:
• Reviewing the annuity portfolio matching against liabilities, including Solvency II compliance and transaction/exposure monitoring
• Responsible for Matching Adjustment-related and Solvency II focussed initiatives within the team, including the support for any Matching Adjustment applications
• Monitoring, proposing and/or approving trades for the rebalancing of the hedging programme, whilst also supporting the oversight of the collateral management process
• Provides papers, monthly portfolio MI and other reporting to the Investment Committee and other governance forums
• Regular contact withthe Fund Managers, Operations and other teams including Finance and Risk

Requirements and Experience:

• Very good knowledge of Bulk Purchase Annuities (BPA) including demonstrable experience supporting new business activities, Solvency II, Matching Adjustment and wider ALM
• Good knowledge and understanding of the financial services industry more broadly, including different investment markets, insurance and asset management, and usage of derivatives
• The candidate would ideally have Portfolio Management experience in an SMCR regulated role
• Excellent attention to detail with strong communication skills
• Ability to build good relationships internally and externally
• Ability to work within a team environment
• Effective analytical and problem solving skills
• Client and delivery focussed
• Good planning and organisational skills to be able to handle multiple priorities
• Actuary or CFA Charterholder (preferred)

Location: London

Work Level: Manager / Expert

Recruiter: Amy Curtis

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18% , with 13% made up of Employer Contributions and 5% Employee Contributions . We also offer Share Save and our Share Incentive Plan , together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.
• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.
• Health & Protection cover including Private Healthcare , Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions.

Ifyou need assistanceor an alternative means of applying for a role due to a disability or additional need,pleaselet usknow by contacting us at: [e-mail]