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Fund Controller Infrastructure and Private Credit

Employer
Legal & General
Location
London, United Kingdom
Salary
Competitive
Closing date
Jun 26, 2024

View more

Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Company Description

We are Legal & General Investment Management (LGIM), the asset-management arm of Legal & General Group. Our purpose is to create a better future through responsible investing. We strive to achieve this through a strong sense of partnership with our clients, working together to achieve positive long-term outcomes. We draw on industry-leading expertise to innovate constantly across public and private assets, index and active strategies. And we are a responsible investor, rising to the challenges of a rapidly changing world.

We are truly international, present where our clients need us. Our teams around the world are highly dedicated, professional and collaborative and we draw strength from our diversity of talent. We are clear on what we stand for and our commitment to inclusivity anchors our behaviours.

Job Description

We're recruiting for a Fund Controller- Infrastructure and Private Credit to join our Real Assets team within our Investment Management Division.

The role is designed to act as the principal financial expert for a portfolio of private market funds.

The incumbent will deliver superior financial insight and business acumen, aligned with the four central pillars of fund financial management: financial control, strategic financial guidance to the LGIM RA front office, management of financial risks, and engagement with clients on financial issues pertinent to the funds.

They will advise Fund Managers on investment structuring for debt and equity initiatives, including offering commercial, operational, tax, accounting, and risk management counsel to enhance and maximize returns.

Additionally, the incumbent will foster a culture of ongoing enhancement within the fund financial management function, aiming to increase efficiency for the funds and the LGIM RA platform.

This client-facing role requires the incumbent to represent LGIM RA to both internal and external clients, broader LGIM teams, and external fund service providers.

The incumbent's portfolio will encompass funds focused on infrastructure and private credit, based in the UK and Luxembourg.

What you'll be doing:
  • The support for LGIM RA's front office fund and asset management teams involves executing fund strategies and delivering optimal financial outcomes for investors. This is achieved by providing financial business cases for fund setups and structuring transactions to fulfill investment objectives
  • To provide fund specific financial planning and analysis, budgeting, and stress testing to the fund management function to promote efficiencies and value for money for investors and to identify and address financial risks
  • Assume responsibility for the sign-off of high-risk financial outputs generated by outsourced administrators, and enhance financial reporting by providing strategic commercial insights and conducting variance analysis prior to their distribution to clients and other stakeholders
  • Ensuring that the processes and outputs of financial and regulatory reporting, including financial statements and management information, are accurate, timely, scalable and in accordance with L&G Group, LGIM and LGIM RA accounting policies and standards
  • Comprehend and interpret the essential financial performance indicators and risks within the specific portfolio, then summarize and counsel the LGIM RA front office to enhance risk reduction and maximize returns. Additionally, coordinate with LGIM RA finance to clarify the factors influencing both historical and projected financial performance
  • Act as a trusted adviser and partner to LGIM and LGIM RA stakeholders (including tax, solutions, product, and distribution) on financial matters relevant to the funds
  • Cultivate a robust relationship with the Business and Process Oversight function, deliver qualitative analysis on third-party outputs, and critically review LGIM RA processes. This includes providing foresight on key risk indicators and promptly notifying relevant stakeholders
  • Be the primary point of contact for escalations and finance related issues relevant to the portfolio, working closely with internal stakeholders and third parties to find timely and effective resolutions
Qualifications

Who we're looking for:
  • Professional qualification in accounting /finance
  • Detailed understanding of finance principles relevant to the underlying asset classes, being primarily infrastructure and private credit, including valuation methods, investment analysis, return calculations, asset management practises and reporting required
  • Proficiency in fund accounting principles and practises relevant to the underlying asset classes including financial statement preparation, NAV calculation, distribution waterfalls, fund set up and structuring, and asset acquisition and disposal
  • Knowledge of regulatory requirements and compliance standards relevant to the underlying asset class including tax requirements and any other legal frameworks governing investment funds in the jurisdictions in which they operate.
  • Ability to analyse the financial performance of the underlying assets and the overall funds including evaluation of KPIs and absolute/relative return
  • Detailed knowledge and understanding of the financial operations relevant to Luxembourg domiciled fund vehicles
  • Experience in dealing with all financial aspects relevant to at least two of the asset classes in the portfolio (being primarily infrastructure and private credit)
  • Experience in funds and fund products including legal agreements, structuring, fee arrangements and investor liaison
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
  • Private medical insurance (permanent employees only)
  • At least 27 days holiday, plus public holidays, 28 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
  • 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

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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