Project Manager

Resource Solutions.
London, United Kingdom
GBP100000 - GBP105000 per annum + 5%bonus
18 Mar 2023
17 Apr 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Purpose of role:

Legal & General Retirement Capital (LGC) have ambitious growth plans. LGC have stated a clear ambition to grow the Business which have been endorsed by the Group Board.

The growth ambitions are: A. Grow the alternative asset portfolio to circa £5 billion by 2026 B. Increase Alternatives portfolio return from 8-10% to 10-12% per annum by 2026 C. Deliver LGC total operating profits of £600-700 Million by 2026 D. Grow Third Party Assets Under Management from £12bn up to £70bn by 2026 Whilst much of the growth will come from the organic growth of LGC's general partners there is an opportunity to grow the AUM by securing third party capital to invest in LGC owned investment strategies.

Hence, a programme has been set up to specifically look at the operating model LGC will need to develop to attract & manage third party capital known as Danube. One of the key workstreams of Danube is to develop Products that can attract investors and hence there is a need for a role to help with defining and managing product development opportunities this includes:

a) An individual who can help to manage the investment, financial, legal & operating model of the current inflight deals. b) Pro-active management of due diligence deliverables & information between LGC & proposed investors.

c) Overall co-ordination of the activity around proposition development, investor marketing materials & client engagement.

d) Establish delivery plans for the above, critical path, Risks & Issues including preparation and scheduling of key GCC & IC information.

Principal accountabilities

1. Identify business opportunities through stakeholder relationships, shaping ideas, creating and promoting solutions and gaining senior management buy-in.

2. Takes end to end responsibility for the delivery of up to 3 concurrent medium / complex business and /or IT projects, whilst establishing and maintaining fit for purpose governance to control and monitor the deliverables to the business in order to realise the benefits as defined in the approved Business Case.

3. Leads project planning, scheduling, resourcing controlling and reporting activities ensuring that project delivery and risk plans are prepared and maintained and issues are actively managed through to their successful resolution.

4. Delivers effective & timely communication & reporting to all interested parties including stakeholders and Senior Managers / Execs in order to support effective decision-making and manage the smooth and integrated delivery of projects, with minimal impact to the LGR business

5. Manages third party relationships ensuring that dependencies are identified and managed and deliverables are achieved, as defined in the project's Initiation Document and without incurring unnecessary cost or delay to the project. 6. Facilitate all project estimates required for the business case and then review / monitor all project budgets across the life of the project, including Transformation costs, 3rd party IT costs, SME costs, Capital Costs etc ensuring that there are appropriate and effective governance arrangements to ensure that the project stays within approved budget levels (in line with the LGR Project Management framework

Person Specification
  • Not tech. People, regulatory or management of investment transactions.
  • There's 3 pockets of work that we need support from a PM within LGC (any experience of these would be beneficial)
    1. One piece of work is around Investment transactions that they work with LGIM on. They provide asset expertise and LGIM provide construct fund expertise. Need to put someone on managing that transaction. Candidates that have got expertise and experience in setting up fund management capability - that would probably help the transaction piece. We're looking to set up funds that have diff asset mgmt. expertise. Digital, life sciences.
    • resemblance of investment management or asset management background will help them hit the ground running.
    • Self-starter not needing much direction. Someone between a PMO and Programme Manager