Private Credit Senior Operations Manager

Reposted 2 Days Ago
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London, England, GBR
In-Office
Senior level
Insurance • Financial Services
The Role
Own end-to-end private credit deal flow, trade execution and settlements. Design and implement governance, oversee outsourced administrators and fund accountants, produce management information, identify and remediate control gaps, lead and develop a junior team, and drive operational projects with Technology and Business stakeholders to improve scalability and controls.
Summary Generated by Built In
Company Description

Legal & General (L&G) is a leading UK financial services group and major global investor. 

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. 

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. 

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets. 

Who we are 

We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns.  

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change. 

Job Description

We’re currently looking to hire a Private Credit Senior Operations Manager to join L&G Asset Management. 

As a Private Credit Senior Operations Manager, you will take ownership of overseeing end‑to‑end deal flow activities, including all aspects of the pipeline, trade execution and settlements. You will design and implement corporate governance policies and procedures across the Private Credit business, helping to ensure a robust and scalable operational framework while playing a key role in wider business initiatives and projects. You will also oversee outsourced loan administrators and fund accountants, monitoring performance against KPIs and driving consistent service delivery. 

You will lead and develop a team of junior associates, ensuring they are well supported, effectively prioritised and consistently delivering against objectives. In addition, you will produce accurate, timely and insightful management information for a range of stakeholders to support informed decision making across the business. 

You will act as a key interface between L&G Asset Management’s Private Credit front office, outsourced fund accounting providers and Investment Operations, ensuring transaction data is accurately validated, communicated and processed end‑to‑end. 

What you’ll be doing:

  • Managing end‑to‑end Private Credit deal flow including pipeline tracking, trade capture, and overseeing settlement processes to ensure timely and accurate execution  

  • Designing, implementing and continuously enhancing governance frameworks, policies and procedures to support business growth while maintaining strong controls  

  • Overseeing outsourced loan administrators and fund accountants, reviewing service delivery, monitoring KPIs and driving improvements where required  

  • Acting as the key interface between front office, Investment Operations and third‑party providers to ensure all transaction data is accurately captured, validated and processed  

  • Producing and delivering accurate, timely and insightful management information to support decision making across senior stakeholders  

  • Identifying control gaps and operational risks, conducting analysis and implementing enhancements to strengthen the overall control environment  

  • Leading, mentoring and developing junior team members, ensuring clear direction, support and high standards of delivery across the team  

  • Driving and supporting business and operational projects, working with Business Analysts, Technology and wider teams to improve systems, processes and scalability  

Who we’re looking for:

  • Holding a professional accounting qualification (ACA, ACCA or CIMA) alongside a strong academic background 2:1 Degree or equivalent. Essential

  • Bringing experience from Private Credit, asset management or a similar investment environment, with an understanding of deal lifecycles and operational processes  

  • Demonstrating strong knowledge of debt fund accounting, IFRS and financial analysis, including the ability to assess financial performance and covenant structures  

  • Showing experience of implementing or supporting funds from first close through to investment, monitoring and eventual realisation  

  • Ability to advise, persuade and influence fund managers in an ambiguous and / or changing environment

  • Experience leading a team. 

  • Communicating confidently with stakeholders, networking across Front Office and Business Development 

  • Proven track record of dealing with and influencing across an organisation to achieve objectives especially in respect of Senior Management and external stakeholders 

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:

  • The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
  • Generous pension contribution
  • Life assurance
  • Healthcare Plan (permanent employees only)
  • At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
  • 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 (permanent employees only)
  • There are many discounts we offer – both for our own products and at a range of high street stores and online
  • We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. 

If you join us, you’ll be part of a welcoming, inclusive 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 care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. 

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose. 

Skills Required

  • Professional accounting qualification (ACA, ACCA or CIMA) and strong academic background (2:1 Degree or equivalent)
  • Experience in Private Credit, asset management or similar investment environment with understanding of deal lifecycles and operational processes
  • Strong knowledge of debt fund accounting, IFRS and financial analysis, including assessment of financial performance and covenant structures
  • Experience implementing or supporting funds from first close through to investment, monitoring and eventual realisation
  • Experience leading and developing a team
  • Ability to advise, persuade and influence fund managers and senior stakeholders in ambiguous or changing environments
  • Proven track record of dealing with and influencing across an organisation and external stakeholders
  • Confident stakeholder communication and networking across Front Office and Business Development
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The Company
HQ: London
8,417 Employees

What We Do

Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY23) of which c40% (circa £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society. As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%. As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.

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