Portfolio Monitoring - Private Credit (Corporate & Alternative Debt)

The world of investment is changing. Our vision at Legal & General Investment Management is to create a better, more sustainable future through responsible investing. We work in partnership with our clients around the globe to deliver positive long-term outcomes, while rising to the challenges of a rapidly changing world. Our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. To meet our clients’ complex and evolving investment needs, our investment strategies cover a broad array of asset classes and styles, including equities, bonds, property and alternatives, as well as multi-asset funds. We’re focused on continuously innovating our investment products, maintaining our reputation as experts across all asset classes, and striving to build a more responsible and sustainable future.

We have a brand new role as a Portfolio Monitoring - Private Credit (Corporate & Alternative Debt) to support the ongoing management of Private Credit investments for LGIM managed funds and, where appropriate, provide assistance and advice in the due diligence and execution of new transactions.

Primary responsibilities will include and be related to managing and monitoring the ongoing performance of investments across the Private Credit business, with a principal focus on Corporate & Alternative Debt.

Duties include:

• Ensuring that investment assets are appropriately monitored and managed in line with objectives and value is preserved or enhanced for LGIM clients.
• Monitoring Investments through analysis of financial performance and covenant compliance. This will include review and scrutiny of borrower financial statements, compliance certificates, budgets and financial models, as well as engagement with management. Engagement with borrowers on ESG issues and the collation of data on key ESG metrics.
• Ensuring any deterioration in asset performance is identified promptly and combined with proactive borrower engagement to discuss whether remedial action can be undertaken or is necessary.
• Presenting regular updates on the portfolio including quarterly reviews, focus lists, and waiver & construction logs.
• Dealing with ad hoc borrower requests for amendments and waivers.
• Coordinating interaction with the internal Rating team and/or the Portfolio Management team in respect of the existing portfolio and assisting in the production of any related deliverables.

• The following are desirable but not all are required for your application to be considered / successful:
  • Relevant experience of portfolio monitoring within private debt. 
  • An understanding of rating agency methodologies.
  • Knowledge of the relevant legal documentation types appropriate for the various sub-sectors.
• Strong working knowledge of debt capital markets and products with a focus on corporate and alternative sectors.
• Good technical skills across Excel, PowerPoint, and Word applications. 
• Strong financial analysis skills required including the ability to analyse / sensitise financial models.
• Organised, focussed and self-motivated with good communication (written and oral) skills. The ability to manage and prioritise a large number of competing workstreams and stakeholders is essential.
• Collaborative, and a true team player. Eager to learn and work on new and unfamiliar sectors and structures.

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.