Head of FP&A and Investment, L&G Affordable Homes

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VN-10420

Permanent

London

Competitive

25 September 2018

The role holder’s primary responsibility will be to support the business plan by leading the FP&A and investment function, working closely with the executive team and colleagues in L&G Capital to establish and oversee investment activities and programmes, scrutinise on-going performance and make critical recommendations on the execution of the corporate strategy and project investments. 

The role holder’s primary responsibility will be to support the business plan by leading the FP&A and investment function, working closely with the executive team and colleagues in L&G Capital to establish and oversee investment activities and programmes, scrutinise on-going performance and make critical recommendations on the execution of the corporate strategy and project investments.  The role holder will:

  • Form and lead the FP&A team, ensuring high quality analysis, planning and reporting.
  • Be the business owner of the financial model, ensuring it remains accurate and delivers the analytical capabilities a fast moving business requires.
  • Lead and inform the discussion on the optimum target affordable property types, locations and operations to ensure profitability is maximised whilst risk is appropriately managed.
  • Support the FD, MD and LGC Capital in all debt and equity fundraising and optimising the tax structuring.
  • Oversee the valuation process of all development and completed assets, making recommendations of any opportunities and risks that the valuation analysis shows.
  • Independently review all development appraisals for accuracy and consistency with financial and investment policies. To give an independent opinion before they are submitted to the relevant sign-off committee or other approving body.
  • For schemes above an agreed threshold, produce an Independent Financial Review (IFR) that covers all the key commercial risks and opportunities for a given scheme.
  • Independently review the out-turns of all developments schemes, ensuring all lessons are learnt by the business and analytical enhancements are embedded in the business strategy and operations.
  • To prepare and maintain financial systems to be used for the appraisal of the divisions development schemes, in accordance with the development assumptions approved by the Board.
  • To develop new financial models to appraise projects of a large or unusual nature.
  • To provide support to the development and new Business teams with their scheme & project appraisals.
  • To ensure that counterparty exposure analysis is carried out on proposed contractors are that the information is communicated to the staff proposing to use them.
  • To ensure that the financial systems are tuned to the needs of the business and that it is administered properly.
  • To oversee the preparation of all development scheme reporting, ensuring critical analysis of the development portfolio and making recommendations on the optimised target risk/strategy

Qualifications:

  • Qualified accountant or similar
  • Excellent academic background, with a deep numerical aptitude

Experience

  • Deep technical financial and commercial knowledge and experience in the residential housing industry
  • Specific rented housing experience in a similar role would be highly beneficial.  
  • Leadership and management experience
  • Delivery focussed and ability to plan and execute projects across multi-disciplinary teams
  • Strong knowledge of different tax structures employed in real estate finance

Knowledge & Skills:

  • Expert-level knowledge of financial analysis and reporting
  • Detailed understanding of the drivers of profitability
  • Energetic, highly motivated, with a deeply inquisitive mind and passion for excellence and innovation in pursuit of business growth and success.
  • Outstanding problem solving and analytical skills
  • Commercial focus and ability to translate ideas into competitive advantage
  • A self-driven spirit that embraces change and is comfortable making decisions in ambiguous environment
  • A highly commercial team manager that works collaterally with colleagues within and across the Group  with the capability of being highly effective in a large corporate environment

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, 10% car allowance, life assurance, family private medical insurance, 25 days' holiday, performance related bonuses, your hard work will be rewarded when you join us.

For further information about the role, please contact Graham Stoddart, UK Resourcing Business Partner, at graham.stoddart@landg.com

Please note that applications should be made via the ‘Apply now’ button below and not by email.

About L&G

Creating communities to live, grow and flourish.

We believe that the pride and commitment of our staff are the key to our success. By ensuring exceptional levels of care and quality throughout, we aim to become the foremost provider of first-class affordable homes and to ensure the highest quality customer journey is experienced.

About the business area

Focused on supporting the UK’s demographic and affordable living needs, and consistent with Legal & General’s housing growth strategy, Legal & General Affordable Homes is leading the evolution of the affordable housing sector with an aim to become the leading private affordable housing provider in the UK. Through collaborating with developers, housing associations and public sector bodies across the country, L&G Affordable Homes is forward-funding new build affordable housing, bringing volume institutional capital to the social housing sector with initial target markets being affordable rent, shared ownership and rent-to-buy.

About L&G

Creating communities to live, grow and flourish.

We believe that the pride and commitment of our staff are the key to our success. By ensuring exceptional levels of care and quality throughout, we aim to become the foremost provider of first-class affordable homes and to ensure the highest quality customer journey is experienced.

About the business area

Focused on supporting the UK’s demographic and affordable living needs, and consistent with Legal & General’s housing growth strategy, Legal & General Affordable Homes is leading the evolution of the affordable housing sector with an aim to become the leading private affordable housing provider in the UK. Through collaborating with developers, housing associations and public sector bodies across the country, L&G Affordable Homes is forward-funding new build affordable housing, bringing volume institutional capital to the social housing sector with initial target markets being affordable rent, shared ownership and rent-to-buy.