Head of Transactions - Affordable Homes

Do you share our passion for creating a safe, secure, and affordable place for everyone to call home? That's exactly what we're working towards at Affordable Homes. With a fast-growing pipeline, we collaborate with well-known developers, housing associations and public sector bodies across the country to drive new investment into the affordable housing sector.

As part of the wider Legal & General Group, our heritage goes back over 180 years, with a solid reputation as one of the leading financial services groups. We are pioneering institutional investment into the housing sector, whilst providing excellent service and quality homes.

Focusing primarily on the Shared Ownership and affordable rent markets, we strive to be the UK’s leading private affordable housing provider, known for excellent service and quality homes.

We’re recruiting for a Head of Transactions to join the Stock Acquisition Team within our Affordable Homes business here at L&G to help us achieve our ambitious targets of providing affordable housing to thousands across the UK, whilst simultaneously creating capacity in the Not-For-Profit sector.

As our Head of Transactions you will manage the transactional activities delivered by the Stock Acquisitions team. This will include origination activity as well as the process of underwriting, negotiating commercial terms, overseeing due diligence and working closely with the Managing Director to execute transactions, and manage staff working across a portfolio of transactions, ensuring programmes are adhered to.

You will also work closely with the MD in identifying appropriate funders for identified opportunities, and following execution of agreed transactions, work with the Head of Stock Acquisitions to ensure portfolios are ingested efficiently into the existing portfolio.

This a hybrid working opportunity, which means that you can work flexibly between our London Office and your home, to find a work-life balance that works for you.

What you'll be doing:

• Working closely with the MD to develop products that are appropriate to the Sector, including decarbonisation strategies.
• Presenting to and engaging with prospective partners, including the preparation of appropriate materials for external boards, internal RP Boards and Investment Committees.
• Managing analyst resource and overseeing preparation of models to appraise opportunities and present these to Investment Committees. And as the Stock Acquisition team continues to grow, you will also lead team underwriting opportunities and securing all relevant approvals for these.
• Taking responsibility for the assessment of opportunities against key agreed investment criteria, and for quality assurance of all opportunities shared with clients.
• Working with the MD and Head of Stock Acquisitions to negotiate all commercial agreements required to acquire and onboard portfolios.
• Working with appointed legal advisors to ensure commercial arrangements are documented according to agreed commercial positions.

Who we're looking for:

• RICS membership and investment qualification desirable.
• A detailed understanding of affordable housing valuation, real estate investment, institutional funding context, affordable housing regulation and affordable housing grant regime.
• Comfortable working within high performing teams in a transactional / fast moving environment.
• A strong communicator who is comfortable engaging with senior stakeholders and boards.
• A commercial mindset, with transactional awareness and / or previous experience of transacting deals.
• Experience of managing teams of professionals including analysts and external professional advisors.

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer: 

• A competitive salary, plus car allowance
• The opportunity to participate in our annual, performance-related bonus plan
• Generous pension contribution 
• Life assurance  
• Private medical insurance
• At least 25 days holiday, plus public holidays
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
• There are the many discounts we offer – both for our own products and at a range of high street stores and online  
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart 

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we'd love to hear from you.