About LPPI (-%About LPPI)

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said - our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Role Purpose (-%Role purpose)

LPPI has a large and complex portfolio with over half the capital managed externally. The selection and ongoing monitoring of these external managers is one of LPPI’s key activities. This role will primarily support the Head of External Managers in the implementation of LPPI’s Private Equity investments.

Key Responsibilities (-%Key responsibilities)
• Portfolio Management. Manage/lead decision making and investment recommendations for Private Equity. This includes responsibility for the portfolio construction and performance of the Private Equity portfolios, ensuring adherence with mandate guidelines and risk limits.
• Monitoring & new Investment Due Diligence (IDD). Manage/lead the selection of new investments and monitoring of existing investments in line with LPPI policies and guidelines including Responsible Investment considerations. Will be expected to take ownership of negotiating investment and commercial terms with third party managers. Will need to collaborate with other LPPI asset class specialists, as well as other internal teams (including ODD, Legal, Responsible Investment, and Risk). Expected to build and maintain appropriate manager and investor networks.
• Investment analysis & reporting. Manage/lead the production of relevant quantitative analysis to support portfolio management and supplement the qualitative due diligence process across existing and new investments. Deliveries include portfolio opportunity set/strategy analysis, detailed manager and portfolio specific performance/risk analysis, portfolio commentary, peer groups etc. Will also need to support additional IDD and Private Equity related reporting as required by other LPPI stakeholders (internal and external).
• Communication. Deliver clear, accurate and logical written reports as part of documenting portfolio construction, performance, and the various elements of LPPI’s IDD process. Required to present at internal Investment Team and Investment Committee meetings in a concise and articulate manner. On an ad-hoc basis will be required to present to clients.
• Team. Responsible for managing team resources and the ongoing development of less experienced team members. Outside the immediate Private Equity and External Managers teams, will need to build relationships and liaise effectively with a range of other internal groups including Responsible Investment, Operational Due Diligence, Risk, Legal and others to execute LPPI’s IDD processes and ensure compliance with internal policies.

Requirements for the role (-%Requirements for the role)
• Degree level educated preferably gained within a finance, economics or mathematics related discipline. Possession of post-graduate qualification or relevant professional accreditation is an advantage
• Significant demonstrated experience of portfolio management/decision making with a focus on Private Equity in an institutional setting. Deep experience of selecting and monitoring third party Private Equity managers via both desk-based and face to face interactions. Demonstrated ability to consistently follow an institutional investment process based on mandate objectives, restrictions and in line with policies
• Strong technical knowledge of Private Equity strategies, capital markets and relevant fund manager universes. Existing professional industry network. Good understanding of the implementation aspects that form part of investment opportunity evaluation e.g. structure/commercial terms
• Process driven with excellent organisation skills. Ability to prioritise, manage expectations and deliver on time both personally and at team level. Promotes positive behaviours through own actions. Challenges and supports team members enabling them to grow technical knowledge and responsibilities
• Proactive mindset with excellent written and verbal communication skills. Able to communicate logical opinions and constructively challenge. Strong quantitative and analytical skills, detail orientation, problem solver, ability to synthesise data to make relevant and logical inferences.
• Intellectually curious, desire to grow and develop knowledge both within and beyond Private Equity
• An understanding of the breadth of the diversity agenda including embedding good practice and an understanding of LPP’s commitment to combating discrimination and promoting equality of opportunity

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.