We’re sorry. We’re no longer accepting applications for this role.
Head of Structuring and Solutions
- Role Type
- Closing Date
- Company Info
Working here is about being there for our customers; we’re available should the worst happen and we work together to enable social and financial equality across the UK. But it’s also about you –how you develop and what you can achieve. We’ll help your talent thrive in an environment where you’ll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.
- Department Info
Legal & General Capital (LGC) is the early-stage investment arm of Legal & General Group. Investing from Legal & General’s principal balance sheet, LGC’s purpose is to generate long-term value by injecting new capital into three key sectors: Housing, Infrastructure and SME Finance.
- Job Duties
Urban regeneration, Clean energy and EIB legacy activity are major growth opportunities for the Legal & General Group and is a high profile initiative supported by the Board executive.
The role holder’s primary responsibilities will be to:
- Lead and undertake the structuring of large, complex, or public-private transactions originated by LGC’s Urban Regeneration and Clean Energy teams.
- Lead and undertake structuring of debt and debt-like transactions across external and L&G internal sources to fund assets, operational businesses and other vehicles managed by LGC and L&G affiliates.
- Lead on structuring and transacting EIB legacy deals.
- In Scotland, Ireland and, as required Northern England, to originate, execute and manage large, complex or public-private partnership equity investment or debt financing opportunities aligned to Urban Regeneration, Clean Energy, EIB or wider LGCIL/LGAS strategies.
- Support LGC sector head colleagues to execute large, complex or public-private transactions
The role holder will also be expected to get involved with all aspects of deal evaluation and execution, including initial investment appraisal, financial analysis, co-ordination of due diligence, forming recommendations, and reviewing transaction documentation.
A key aim will be delivery of UR, Clean Energy and EIB legacy strategic opportunities for LGC team. The role will also involve working with LGIM and LGC Housing colleagues as required.
- To originate and acquire high quality Direct Investment assets that contribute to the financial targets, business objectives and increase the profit emerging on the L&G balance sheet by increasing the returns.
- Responsible for originating public-private partnership deals in Ireland and Scotland and where required, Northern England, targeting and building strategic partnerships to bring forward opportunities off market.
- Responsible for the assessment and execution of large, complex, public-private and debt/equity finance opportunities that fit with the strategy set for urban regeneration, clean energy and EIB legacy partnership projects. Responsible for drafting business plans each individual asset/JV, with key aims and milestone dates established.
- Responsible for reviewing strategy on public sector partnerships including EIB, and wider banks/debt financing arrangements for LGC (and as appropriate, its investees) – to refine and implement opportunity focused approach. Work closely with LGIM’s Head of Public Sector Partnerships to assist/ continue general profile work for benefit of L&G as whole.
- Responsible for liaising with the UR, Clean Energy and Housing businesses to understand their strategy and appropriately source deal opportunities – with particular focus on large, complex and public-private partnerships across Scotland, Ireland and as appropriate, Northern England.
- Responsible for reviewing and securing all opportunities through EIB legacy. LGC networks, banks and advisers to ascertain opportunities which match LGC’s EIB legacy strategy and compile all expressions of interest and bids.
- Negotiation with all external stakeholders to ensure Legal & General’s interests are maintained and all ‘added value’ and ‘direct development’ opportunities are maximised.
- Management of the regional, public-private partnership, debt financing and EIB legacy transaction pipeline and effective reporting.
- Identify and undertake strategic and tactical sales of Direct Investments for the L&G Capital in collaboration with LGC sectors.
- Operate within the L&G governance process for Direct Investments and ensure the exposures involving Direct Investments are within agreed tolerances (including risk and CRE appetite).
- As required to source and execute post holder transactions (in addition to existing LGC sector-specific arrangements) - identify and assemble bespoke professional teams to bid and secure and complete new opportunities. On-going management and appointment of external consultant team to achieve and exceed the asset business plans and originate deal flows across the sectors.
- Seek to obtain local and national funding to support origination in above sectors as required.
- Generally promote LGC investment and wider L&G agenda
- Provide thought leadership and a forum for feedback for the LGC Direct Investment strategy for large, complex, public-private partnerships, debt financing and EIB legacy strategy.
- Effective and appropriate information flows on transactional activity to LGC, senior stakeholders and second line services, through appropriate standard of and regular Management information
- Undertake asset manager selection as appropriate, establishment of operational framework and the negotiation of key commercial aspects of the mandate where these relate to financial structuring or debt syndication.
- Take accountability for the completion of due diligence on all transactions through establishing and leading a transaction team and second line assessments comprising of skilled people from across L&G to undertake different components of the due diligence on the transaction.
- Lead negotiations and ensure there is clarity of the legal structure and risks associated with the transaction are understood
- Responsible for the economic valuation and modelling to deliver a quantitative appraisal of the assets in terms of expected returns and evaluation of how the structures will behave under stress loss scenarios and determining breakpoints for back stressing
- Prepare investment committee papers and secure approval for any acquisition or disposal in line with group governance policies and processes. Ensure that information provided to decision making committees is accurate and risks are clearly presented.
- Ensure all MI is high quality, timely and correct to support decision making, implementation of strategy and the asset pipeline.
- The role holder will always operate within delegated authorities and risk and other limits which apply to Direct Investment.
- The role holder will take the lead in all matters with regard to the management of their team, ensuring that management discretion is used in a consistent manner and that their reports follow the Group’s policies and procedures.
- Where appropriate carry out the duties of a Company Director with integrity and diligence and ensure that appropriate boards and management committees are established and accountable, that records are maintained, that meetings are held regularly and that the business operates effectively and competently at all levels.
- Skills Required
Graduate and MSc/ MBA preferred.
Knowledge & Skills:
- Very significant, relevant work experience, preferably in sectors such as banking, capital markets, property structuring and relationship management
- Excellent quantitative skills, including familiarity with Debt capital markets and to develop recommendations for a variety of senior audience
- Strong written and verbal communication, familiarity with report writing for a variety of audiences
- Ability to develop and agree business strategies tailored to specific opportunities and assets and report on these on a regular basis.
- Experience of managing formal Due Diligence including review of contracts, assessment of risks
- Ability to assess risk and to work with other parties to ensure risks of a transaction are understood and accepted.
- Experience of managing external team of consultants and advisers to meet the milestone dates within the business plan whilst keeping to agreed budgets.
- Ability to assess and analyse investment opportunities from first principles
- Commercially astute and entrepreneurially minded
- Key negotiation skills and experience across a wide range of structuring transactions
- Understanding of a wide range of projects – UR /Clean energy /capital markets
- Strong and demonstrable track record of interacting well with large range of stakeholders across private and public sectors (particularly Scotland and Ireland).
- Must be commercially astute
- Strong interpersonal skills
- Excellent quantitative skills
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, life assurance, 30 days' holiday, private medical insurance, performance related bonuses, discounts at both a huge range of high street stores and our own great products, as well as a 12% car allowance scheme, your hard work will be rewarded when you join us.
Our view is that this role is suitable for agile working. This means we would consider a more flexible working arrangement, where your hours and work location are managed according to business, customer and personal needs. For this role, you would be based in London or Homebased, but you could work in other Legal & General offices, as necessary, provided this meets business needs. Details of agile working will be discussed during the interview process.
For further information about the role, please contact Graham Stoddart, UK Resourcing Business Partner, at firstname.lastname@example.org
Please note that applications should be made via the ‘Apply now’ button below and not by email.
We’re sorry. We’re no longer accepting applications for this role.