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Fund and Product Operations Associate

Legal & General
London, United Kingdom
Closing date
May 16, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Company Description

Applications close 15th May 2024

Legal & General Investment Management is one of Europe's largest asset managers and a major global investor. We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.

Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.

Job Description

We are looking for an Associate Finance Business Partner to join LGIM's Real Assets business on a 6 Month Fixed Term Contract.

You will be responsible for ensuring that the Funds within your remit are set up and operated effectively and efficiently.

You will also provide financial information, tools, analysis and insight to the Investment Manager, General Partner and AIFM, helping them make informed decisions

On top of this you will deliver technical accounting expertise, working closely with operational and support teams to ensure the delivery of accurate, timely and useful financial information, implementing and challenging processes and working with the various stakeholders to improve outputs.

Principal accountabilities:

Financial Control and Financial Reporting:
  • Setting and implementing the accounting policies, within the LGIM Group accounting framework, for new funds and ensuring the policies for existing funds are fit for purpose, consistent across the platform and updated as and when required
  • Providing technical accounting advice to the outsourced fund accounting teams, in relation to complex or non-standard accounting transactions
  • Review monthly / quarterly fund valuation and management accounts prepared by the outsourced fund accounting team
  • Prepare and monitor budgets for the fund level vehicles within the structures under their remit
  • Cash management and planning, considering availability of equity and debt
  • Review, design, implement and monitor effectiveness of internal financial control procedures.
  • Review and sign off of key calculations including capital calls, redemptions, distributions, management fees, expense caps
  • Oversight of regulatory reporting
Oversee Outsourced Providers of Financial Reporting and Administration Services:
  • Oversee the work of outsourced fund administrators and fund accountants
  • Monitor key performance indicators and review work performed by providers.
  • Coordinate and oversee audit of fund structures, providing support and information as required and making decisions regarding accounting policies
  • Act as the link between the Investment Management and back office functions (fund accounting, depositary, AIFM, Company Secretary), ensuring all relevant information is transferred and providing context to ensure the Financial Reporting reflects the commercial reality of the underlying structure
  • Coordination of periodic board meetings including suggesting and adapting materials based on activity and INED feedback
  • Implement newly designed operational and financial oversight models, critically assessing effectiveness as required
  • Monitoring of covenants and associated bank reporting relating to debt facilities
Client Relationships:
  • Prepare finance material and present it at investor, board or AIFM meetings as required.
  • Deal with investor questions and queries on finance matters.


Skills and Experience
  • Qualified Accountant
  • Fund (open or closed ended) experience essential, Luxembourg domiciled fund experience preferable
  • Experience of navigating corporate governance frameworks
  • Accounting, IFRS consolidations and audits
  • Resourceful with highly developed problem-solving skills and ability to provide solutions to issues that arise
  • Demonstrated successful stakeholder management essential
  • Demonstrated experience of presenting in formal business environments
  • Proven ability to manage, prioritise and juggle several complex tasks at any one time and make decisions on what meetings and requests to prioritise
Additional Information

When you commit to Legal & General, we'll commit to you too. That means we'll recognise and reward your hard work, your performance and your contribution.

If you join us, you'll get access to some great benefits, including private medical insurance, at least 25 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We're also proud to offer competitive family leave.

You'll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of - both for our own products and at a range of high street stores and online offerings.

Legal & General is a leading financial services organisation, named Britain's Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We're one of the world's largest asset managers, homebuilders, pension providers and insurers.Connecting to form a unique business model which drives value for our customers and society. And enabling our people to create impact through work that is meaningful and valued.

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 strive to be open, mindful, and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs. 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.

If you're open to find out more, we'd love to hear from you.

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