Join LGPS Central at a pivotal moment-where investment meets long term impact.
We're looking for a Senior Portfolio Manager - Local Investments to help build and manage our new local investment fund(s) and services.
This role is central to delivering LGPS Central's Fit for the Future plan, supporting regional growth and the Government's ambition for more local investment through pooling.
If you have strong private markets experience and a passion for creating positive local impact, this could be the next step in your investment career.
#PrivateMarkets #LocalInvestment #ImpactInvesting #UKPooling #Pensions #InvestmentCareers
What you'll be doing:
As a Senior Portfolio Manager, here's a flavour of what you'll get involved in:
* Lead the structuring and delivery of local investment fund(s) and services, working with internal teams and external advisors to ensure:
* Products meet investment objectives, government requirements and legislation.
* Ensuring they meet Partner Fund requirements.
* Conduct comprehensive due diligence and analysis of investment opportunities including but not limited to primary find investments, co-investments across the capital structure and across asset classes.
* Monitor and manage the performance of local investments including legacy assets held by Partner Funds. This will manager engagement, performance analysis and participation in advisory committees.
* Build & maintain relationships with appropriate market participants (e.g. fund managers, advisors, local authorities, combined authorities and other stakeholders).
* Develop a robust decision-making framework for the allocation of assets to the local investment portfolio, including the establishment, oversight and monitoring of all portfolio holdings, keeping the framework and current allocations under review.
* Support local investment reporting needs of Partner Funds, including assessment of local economic, social and environmental impact.
* Contribute to the integration and maintenance of the house view on local impact.
* Keep strategies under review considering market, government and local developments.
* Work with Partner Funds and the Central Advisory/Client team to develop their local strategy, ensuring it meets the needs of the Partner Funds.
* Participate actively in the Investment Committee (IC), overseeing and advising on investment portfolios, contributing to the investment strategy of the pool, devising, and delivering transparent and repeatable investment processes which meet the investment targets of the Partner Funds.
* Be an ambassador for LGPS Central within the investment community, Partner Funds, and with regulators and key stakeholders.
* Champion a rigorous culture of high performing, collaborative, research-based investing across LGPS Central.
* Line management responsibility and development of the Local Investment team.
About us
LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for eight 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 £45bn+ of their assets. It is one of eight Local Government Pension Scheme (LGPS) asset pools in the UK.
LGPS Central's Partner Funds are:
* Cheshire Pension Fund
* Derbyshire Pension Fund
* Leicestershire Pension Fund
* Nottinghamshire Pension Fund
* Shropshire Pension Fund
* Staffordshire Pension Fund
* West Midlands Pension Fund
* Worcestershire Pension Fund
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
The successful candidate will have a strong background in private markets ideally within an asset management setting, with exposure to pension fund or other institutional portfolios. The successful candidate will demonstrate:
* Proven experience in making and managing local investments across private markets.
* Can evaluate performance and risk of investment portfolios objectively.
* Strong communication skills capable of articulating local private market portfolio construction and investment selection skills.
* Strong analytical, financial modelling, and presentation skills, with the ability to distil complex information into clear, actionable insights
* Experience of collaborative investment decision making and portfolio management at a senior level.
* Can assess and communicate local investments economic, social and environmental impact.
* Experience of management and oversight of investment portfolios across multiple private market asset classes.
* First class interpersonal, people management and communication skills.
* Well-developed relationship partnering skills, including building and demonstrating personal credibility.
* High degree of professional ethics, integrity, and gravitas.
Qualifications:
* Degree level or equivalent
* CFA or equivalent qualification/ relevant investment experience.
* Has or can meet all the requirements of being an FCA approved person.
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:
* Competitive salary
* An enhanced and generous Pension Scheme
* 30 days' paid holiday plus bank holidays
* 2 days paid volunteering days
* An extra paid Company Day in addition to paid holidays
* Excellent Learning & Development Opportunities
* 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
* Nominees of the Family Friendly Employer of the Year 2022 Personnel Today Awards 2022
* 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