Head of Portfolio Management

1 month ago

London, United Kingdom The Just Group Full time
Purpose
The Head of Portfolio Management (Private Assets) is responsible for implementing our investment approach, in particular that our asset allocation is appropriate from an accounting and regulatory balance sheet perspective, new initiatives are appropriately evaluated and our strategy is connected to the activities of the rest of the investment team and the broader business. The purpose of the role is to support our investment activity of the business such that we can offer our policyholders the best possible security and pricing.

Job Role Accountabilities
Investment activity:
  • Lead role in the origination, assessment and execution of internally managed private investment opportunities in line with our Internal Management handbook, other policies, frameworks and risk appetite, including:
  • Leading marketing of our investment capabilities to borrowers, sponsors, issuers and associated intermediaries
  • Assessing suitability to our portfolio, in conjunction with relevant members of the investment team, taking into account all the key risk, financial, strategic and regulatory balance sheet considerations.
  • Lead on the due diligence, including structuring, production and approval of credit ratings and execution of the investment, in collaboration with key internal and external stakeholders
  • Lead on the portfolio management of the assets, including all reporting, rating reviews and corporate actions
  • Conducting all of the above in line with internal processes, including ensuring appropriate stakeholders are engaged as required
  • In respect of externally managed private portfolios, be responsible for:
  • Assessing suitability to our portfolio, in conjunction with relevant members of the investment team, taking into account all the key risk, financial, strategic and regulatory balance sheet considerations. Particular focus should be paid on the risk profile of the illiquid asset and the structuring of it given our restricted ability to sell it.
  • Reviewing new opportunities as they arise and respond in a timely fashion, including working with external managers, to the extent possible, on structuring, rating and pricing
  • If suitable instructing manager to execute, following the processes agreed with the manager and internally. Responding in a timely fashion to any requests and follow the transaction to execution.
  • Maintaining interactive relationships with external managers such that they are fully aware of our requirements
  • Monitoring and holding external managers accountable for the performance of their portfolios


External Managers:
  • Support the assessment of external asset managers in collaboration with internal stakeholders


Technicals:
Assess opportunities in the context of
  • our accounting (IFRS17) and regulatory (Solvency 2 / Solvency UK) balance sheet
  • optimising the back book and support new business
  • Private asset allocation over short term (1yr) and business plan period (5yr)


Initiatives:
  • Assist in the review of new asset classes, managers and related initiatives that pertain to private assets
  • Support the conduct of due diligence, management of stakeholders and approval process on initiatives that we seek to pursue (such as new asset classes, new external managers and investment management agreements), including writing papers and risk assessment documentation
  • Assess illiquid assets that are under consideration as in specie assets from Defined Benefits schemes
  • Support private asset solutions associated with the structuring of assets that are ineligible for the matching adjustment portfolio into eligible assets
  • Support the implementation of Just's responses to regulatory developments
  • Develop monitoring, MI and pipeline tools and frameworks
  • In general conducting the above in line with internal processes, including ensuring appropriate stakeholders are engaged as required
  • Be aware of and be conversant in the accounting and regulatory impact of investments
  • The landscape of investment opportunities that are appropriate for a UK life assurer, including what our peers are doing
  • Understand trends in private asset classes and terms on asset investments
  • Be a leading contributor to the investment leadership team and other committees and forums where membership is appropriate
  • Produce accurate and concise material, including internal papers, investment proposals and management information where relevant, liaising with internal stakeholders including Legal, Finance, Actuarial, Capital Management and Risk.
  • Support further ad hoc investment related projects including investment aspects of Solvency II, transforming asset portfolios, reviewing investment managers, day to day management of internal / external stakeholders etc
  • Respond to regulators' and external auditors' questions and requests
  • Manage, improve and report on our private pipeline.
  • Assess whether investment an opportunity should be managed internally or put to an external manager or not.
  • Assuming being directed internally, carefully evaluating and assessing the opportunity in collaboration with internal (e.g. legal colleagues) and external stakeholders (e.g. valuers, legal counsels, technical advisors) and execute if appropriate.
  • Assuming managed externally, review managers' investment papers, engage in Q&A sessions and share structuring feedback with them (with the objectives that those are reflected in the final structure) .
  • Present investment opportunities and credit ratings at Credit Committee and Credit Rating Forum


Skills and Knowledge
  • Excellent analytical skills, including ability to make commercial judgements in light of uncertain circumstances. Able to support judgement calls with a clear justification.
  • Excellent verbal, written communication and interpersonal skills, with the ability to present investment matters in a clear and concise manner
  • Understanding and experience in executing research, due diligence and investment evaluation
  • Produce accurate and concise material, including internal papers, investment proposals and management information where relevant, liaising with internal stakeholders including Legal, Finance, Actuarial, Capital Management and Risk.
  • Strong results focus, with ability to work efficiently and grasp concepts that are not straightforward, yet seek guidance where necessary
  • Excellent team-working skills and ability to maintain relationships with internal stakeholders, contribute to team members' development and develop relationships with external parties
  • Demonstrate strong aptitudes in:
  • Risk awareness, while keeping a balanced commercial approach when assessing new opportunities
  • Investment matters and strategies, in particular credit, with the ability and interest to develop further
  • Research and getting a thorough understanding of the issues being examined
  • Approaches to understanding and evaluating risks
  • Investing on behalf of liability driven investors


Knowledge of:
  • Regulatory requirements, including Solvency II and Solvency UK
  • Long only and fundamental investing, with the ability and interest to develop further
  • The issues surrounding investing on behalf of a (life) assurer (desirable, but not essential)
  • Financial markets in general
  • Understanding of the products and services provided by Just Group


Experience
  • Demonstrable track record of relevant experience in a bank, insurance company, asset manager or consultant
  • Experience in structuring and rating private assets, ideally in the context of a predominantly liability-matching portfolio, managing fixed income portfolios, asset allocation and portfolio construction
  • Recognising that this is a "Head of" level hire, experience in taking ownership of activity and looking for solutions is essential

  • Head of Portfolio Risk

    5 days ago

    London, United Kingdom House of Commons Full time

    Positions - 1 Band / Grade - A2 Salary - £56,180 - £66,497 per annum Contract Type - Permanent Working Pattern - Full Time Location - Hybrid (on-site and remote) Leave entitlement - Starting at 30 days per annum, pro-rata Closing Date 3rd June 2024 at 23:55 Interview Date(s) - TBC but provisionally dates between 13-21st June Additional File -...

  • Credit Portfolio Senior Manager

    5 days ago

    London, United Kingdom Association for Project Management Full time

    Take the leading role in formulating credit policy and procedures. Assist the Head/Deputy Heaf of CRD on the credit portfolio management Effectively monitoring, identifying and reasonably measuring credit risk within the Bank's asset portfolio click apply for full job details

  • Senior Credit Portfolio Manager

    5 days ago

    London, United Kingdom Association for Project Management Full time

    Take the leading role in formulating credit policy and procedures. Assist the Head/Deputy Heaf of CRD on the credit portfolio management Ensure timely delivery and accuracy of internal and external reports. Effectively monitoring, identifying and reasonably measuring credit risk within the Bank's asset portfolio click apply for full job details ...

  • Head of Infrastructure Portfolio Management

    3 weeks ago

    London, United Kingdom Pearse Partners Full time

    Pearse Partners have partnered with a very active Project Finance banking team expanding their sectors areas hiring a new Head of Infrastructure Portfolio Management. The bank is particularly active in Digital Infrastructure and Energy transition across Europe. Requirements: Director level plus, proven track record in leading and managing an...

  • Head of Portfolio and Planning

    1 month ago

    London, United Kingdom Schroders Full time

    Who we are looking for Schroders Portfolio & Planning team manages our change delivery portfolio oversight including budget (cost and benefit management), portfolio analytics, PMO assurance and governance functions, that together enable the firm to strategically manage the Groups book of delivery work. We require an individual to manage and provide...

  • Head of Portfolio Management

    1 month ago

    London, Greater London, United Kingdom The Just Group Full time

    PurposeThe Head of Portfolio Management (Private Assets) is responsible for implementing our investment approach, in particular that our asset allocation is appropriate from an accounting and regulatory balance sheet perspective, new initiatives are appropriately evaluated and our strategy is connected to the activities of the rest of the investment team and...

  • Deputy Head of Portfolio Management

    1 month ago

    London, United Kingdom UK Export Finance Full time

    **Details**: **Reference number**: - 285050**Salary**: - £73,000 - £117,800**Job grade**: - SCS Pay Band 1**Contract type**: - Permanent**Business area**: - UKEF - Risk Management Group - Portfolio Management - RMG operates via 4 Divisions which are responsible for Risk Approvals, Portfolio Management, Portfolio Pricing and Risk Analytics and...

  • Head of Portfolio Management

    7 days ago

    London, Greater London, United Kingdom Just Group plc Full time

    At Just we encourage a flexible and agile working environment for the majority of our opportunities. Get in touch with us to discuss in more detail.PurposeThe Head of Portfolio Management (Private Assets) is responsible for implementing our investment approach, in particular that our asset allocation is appropriate from an accounting and regulatory balance...

  • Portfolio Manager

    6 days ago

    London, United Kingdom D&R Recruitment Full time

    Portfolio Manager Salary: £30k - £55k + Free Gym Membership + Pension Contribution + Many more benefits Location: London 5 days in office - Full-time The Role: We are now looking for an exceptional, ambitious Portfolio Manager who will report to the Head of Portfolio Management and be primarily involved in the management of our growing portfolio of...

  • Portfolio Manager

    7 days ago

    London, United Kingdom D&R Recruitment Full time

    Portfolio ManagerSalary: £30k - £55k + Free Gym Membership + Pension Contribution + Many more benefitsLocation: London5 days in office - Full-timeThe Role:We are now looking for an exceptional, ambitious Portfolio Manager who will report to the Head of Portfolio Management and be primarily involved in the management of our growing portfolio of development,...

  • Portfolio Manager

    7 days ago

    London, United Kingdom D&R Recruitment Full time

    Portfolio Manager Salary: £30k - £55k + Free Gym Membership + Pension Contribution + Many more benefits Location: London 5 days in office - Full-time The Role: We are now looking for an exceptional, ambitious Portfolio Manager who will report to the Head of Portfolio Management and be primarily involved in the management of our growing portfolio of...

  • Portfolio Manager

    6 days ago

    London, United Kingdom D&R Recruitment Full time

    Portfolio Manager Salary: £30k - £55k + Free Gym Membership + Pension Contribution + Many more benefits Location: London 5 days in office - Full-time The Role: We are now looking for an exceptional, ambitious Portfolio Manager who will report to the Head of Portfolio Management and be primarily involved in the management of our growing portfolio of...

  • Portfolio Manager

    6 days ago

    London, United Kingdom Rico Property Finance Ltd (TA D&R Recruitment) Full time

    Portfolio Manager Salary: £30k - £55k + Free Gym Membership + Pension Contribution + Many more benefits Location: London 5 days in office - Full-time The Role: We are now looking for an exceptional, ambitious Portfolio Manager who will report to the Head of Portfolio Management and be primarily involved in the management of our growing portfolio of...

  • Head of Portfolio Management

    1 month ago

    London, United Kingdom Crown Prosecution Service Full time

    **Details**: **Reference number**: - 255709**Salary**: - £51,870- £51,870 - £60,550(National) - £55,850 - £66,000 + £3,150 RRA (London)**Job grade**: - Grade 7- Level D**Contract type**: - Permanent**Business area**: - CPS - HQ Digital Information Directorate (DID)**Type of role**: - Digital - Knowledge and Information Management - Operational...

  • Manager (Portfolio Manager)

    1 month ago

    London, United Kingdom Lawes Insurance Recruitment Full time

    Insurance Industry Sectors: Commercial, Portfolio Management Lawes Consulting Group are currently working with one of the Top 10 Lloyds Syndicates who are recruiting for a Portfolio Manager for their office in the city of London.  Working closely with head of portfolio management and Senior portfolio managers to build management strategy.  Manage a...

  • Portfolio Manager

    5 days ago

    London, United Kingdom KFS Recruitment Full time

    Portfolio Manager Bridging Finance London Competitive Salary We are pleased to be working with a forward-thinking, fast-growing specialist bridging, refurbishment, and development lender founded and run by people who understand property. The short-term property finance business is procured through a mix of broker introductions and direct applications. The...

  • Portfolio Manager

    6 days ago

    London, United Kingdom Rico Property Finance Ltd (TA D&R Recruitment) Full time

    Portfolio Manager Salary: £30k - £55k + Free Gym Membership + Pension Contribution + Many more benefits Location: London 5 days in office - Full-time The Role: We are now looking for an exceptional, ambitious Portfolio Manager who will report to the Head of Portfolio Management and be primarily involved in the management of our growing portfolio of...

  • Head of Portfolio

    1 month ago

    London, United Kingdom Opus Recruitment Solutions Ltd Full time

    **Head of Portfolio - Public Sector - 12 Months - Inside IR35 - CTC or Security Clearance Required **We have partnered with a Central Government department who are looking for a Head of Portfolio or Head of PMO to join on a long-term programme spanning the next 5 years. As the successful Head of Portfolio, you will be focussed on Analysis & Insight. You will...

  • Head of Distribution and Portfolio Marketing

    1 month ago

    London, United Kingdom Experis LTD Full time

    **Head of Distribution & Portfolio Marketing** **Insurance** **London/Birmingham/Manchester** We are seeking a Head of Distribution & Portfolio Marketing to support our growing ambition with the strategic objective of deepening client relationships and achieving business production goals and return on investment. **Knowledge and Skills** - 8 years...

  • Portfolio Manager

    1 month ago

    London, United Kingdom Lawes Insurance Recruitment Full time

    Insurance Industry Sectors: Commercial, Portfolio Management The role:   Lawes Consulting Group are currently working with one of the Top 10 Lloyds Syndicates who are recruiting for a Portfolio Manager for their office in the city of London.  Responsibilities:  Working closely with head of portfolio management and Senior portfolio managers to build...