Company Description
L&G's Asset Management business is a major investor across public and private markets worldwide, with $1.533 trillion in AUM.* Our clients include individual savers, pension scheme members and global institutions, who invest alongside L&G’s own balance sheet.
Our ambition is to be a leading global investor, innovating to solve complex challenges for our clients using the power of L&G. This is rooted in our investment philosophy and processes, which are focused on creating value over the long term.
We believe that incorporating financially material sustainability criteria, when relevant to our clients, can generate value and drive positive change.
Job Description
The Director, Portfolio Management will focus on investment strategy and portfolio performance for the US Real Estate Equity platform across sectors and clients in addition to having direct asset management and acquisitions responsibilities for specified assets. They will work with both internal and external clients in marketing strategy and product, initial due diligence, onboarding, and client support.
The role will support the build-out of the US Real Estate Equity team in execution of the strategic growth plan. Reporting to the Head of Investments and Portfolio Management, the Director, Portfolio Management will support the implementation and execute the growth plan and work alongside various functions including the Acquisition Team, Asset Managers, Operations, Legal, Property Risk, Accounting, Client Portfolio Management, Distribution, and the LGIM RA team in the UK. Highly visible role with both internal and external clients. Additional responsibilities across acquisitions and asset management focusing on portfolio construction, asset allocation, and portfolio performance.
- Support Head of Portfolio Management in development investment programs, guidelines and monitoring procedures to oversee the existing portfolio, performance and identify new investment opportunities; conduct and research on market trends to inform investment recommendations in line with the UK business but with focus on addressing governance needs in the US
- Manage multiple stakeholders to implement investment programs and establish timelines for delivery
- Alongside US Head of Real Estate Equity and Head of Investments and Portfolio Management, develop, maintain, and manage affiliate and JV partner teams
- Workstream lead and client relationship for internal annuity client, UK and US, strategy approvals (including structuring, credit, tax, legal, operations, reporting)
- Prepare and respond to external client request for materials during fund marketing, due diligence, RFP, investment period, and throughout fund period
- Manage and deliver presentation and materials for board meetings, investment committees, risk committees, management/group investment committees, external clients
- Working alongside Acquisitions team, identify potential allocation of opportunities at pre-screening and support on development and realization of new real estate investment opportunities (including throughout underwriting and due diligence phase)
- Working alongside Asset Management team, closely monitor asset level performance and drive portfolio level performance
- Responsibility for portfolio cash management and maintaining cash on cash yield / performance
- Responsibility for producing hold / sell analysis and producing recommendation materials to required committees and, where needed, to investors entities
- Work with Client Portfolio Manager, Head of Research, and marketing to produce presentations, market updates
- Undertake portions of operating model development with US and UK teams to incorporate portfolio management requirements (performance, benchmarking, reporting)
- As AuM grows, build out the Portfolio Management team
Qualifications
The candidate must have a strong work ethic, organizational skills and the ability to manage several assignments at one time while interfacing with various groups within the overall the LGIM America platform. Ideal candidates will have the following skills and qualifications:
- Undergraduate degree required; advanced degree preferred
- 7+ years of hands-on practical experience in industry
- Strong knowledge and understanding of the commercial real estate market. annuity transactions and real estate debt market
- Excellent quantitative skills (e.g. cashflow modelling using excel and/or bespoke programs; deep numerical aptitude; strong financial modelling ability and problem-solving skills including ability to identify logical solutions
- Straight forward communication of investment opportunities to clients and feedback from clients to the investment team
- Ability to understand and articulate complex portfolio management concepts effectively
- Strong written and verbal communication; familiarity with report writing for a variety of audiences; ability to present confidently to senior stakeholders/ executive teams.
- Ability