Transaction Manager

LGBT Great; London; On-site; GBP 45,000 - 75,000; Full time

Job description

Pension Insurance Corporation (PIC) is recruiting for a Transaction Manager to join PIC Capital, which is responsible for managing the c£50bn of investments that secure the pensions of PIC's policyholders.

This role performs the key functions of the Transaction Management team, through all stages of the asset lifecycle, from transaction execution through to asset management, including working with originators in private credit and real assets to deliver new debt and equity transactions and effectively manage PIC's growing portfolio of operational real estate assets.

As Transaction Manager, you will sit with investment originators and work closely with them and PIC’s internal Finance and Investment Operations Teams as well as outsourced service providers to achieve their goals. Along with the other members of the Transaction Management team, you will be responsible for key outsourced service provider relationships ensuring that they are effectively embedded into PIC’s processes and deliver in line with our values.

The transaction management team is further responsible for ensuring accurate and time sensitive data entry following existing processes and procedures and striving for process enhancements with the Transaction Management Lead to improve efficiency.

You will work closely with the other members of the Transaction Management team and external and internal stakeholders to design and document new processes and procedures in the onboarding and management of assets, and you will be responsible for reporting on the asset transactions to include the accurate and timely booking and review on an ongoing basis in different systems (i.e. on the insurance balance sheet and corporate balance sheet) and at different levels of consolidation. You will further:

• Apply knowledge and insights of PIC Capital transactions to support the delivery of strong business outcomes for the Company brand and market reputation consistently.

This role would suit an individual with a background in real estate or financial services operations or relationship coverage, who is looking for an opportunity to expand their knowledge of real asset investment in a growing company that is focused on providing excellent customer service and delivering socially beneficial outcomes for all stakeholders.

Specific accountabilities assigned to the role of Transaction Manager within PIC Capital:

• Takes ownership of Transaction Management activities relating to private asset types including real estate and private credit ensuring the relevant information is captured, managed and accurately reported through PIC systems for senior management and Committee meetings.
• Responsible for the accuracy and timely completion of asset level information developing consistency and a regular cadence of accounting and reporting conventions from the relevant systems.
• Produce monthly/quarterly information on the portfolio in written and verbal format including KPIs, performance monitoring and risks for management information packs circulated to senior management and internal committees.
• Provide excellent project management to the PIC Capital team across the following areas of accountability:
• Deal onboarding: setting up special purpose vehicles “SPVs”; onboarding third party suppliers; tracking due diligence reports; booking transactions in PIC’s systems; bank account set up; KYC and post close checklists.
• Deal Operations: testing of controls; drafting board papers; insurance renewal; liaising with outsourced service providers, internal finance counterparties and valuers; managing SPV governance.
• Deal confidently with ambiguity and unstructured processes and support the team to become the internal centre of excellence for Deal Onboarding and Deal Operations.
• Demonstrate collaboration and human centric skills (patience, empathy and humility) given transaction management activities have been largely undertaken by the originators and this is a new team at PIC.
• Takes ownership for their own learning and development in both technical (data analysis and critical judgement) and non-technical (self-insight, influencing and relationship management) skills.

Knowledge

• Knowledge of onboarding and KYC processes
• Knowledge of the principles and practices of effective project management and implementing efficiencies
• Knowledge of onboarding and management of assets utilising different systems and technology to drive performance management
• Understanding of alternative assets including transaction documentation, cashflows, risks.
• Knowledge of accounting and valuation approaches for fixed income and real assets
• Good technical knowledge of different holding structures for real assets and operational processes for the operation of these structures.

Skills

• Good working knowledge of Microsoft Office applications with Power BI a plus.
• Analytical mindset with the ability to analyse data and make informed decisions.

Experience

• Recognised qualification and/or strong employment record in investment / accounting / project management / operations / transaction management of private asset types (debit and equity)
• Proven track record of managing multiple internal and external stakeholders, preferably service providers
• Demonstrable experience of mapping processes and procedures and demonstrable capability in process improvements and effective documentation
• Experience within asset manager, bank or large financial institution would be an advantage

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you’ll get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.