Transaction Management Lead

Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders.

To lead the Transaction Management team, which is responsible to all originators across PIC Capital, excluding ERM, with the purpose of creating synergies and efficiencies in processing and expense management.

The role requires the ability to effectively collaborate with Finance and Operations functions within PIC to deliver effective and efficient on-boarding and continued management of assets.

To apply knowledge and insights concerning PIC Capital transaction management with the purpose of delivering strong business outcomes for the Company brand and market reputation on a consistent basis.

Our Company values are expected to be reflected in the delivery and performance of every role.

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

• Lead and manage the Transaction Management team ensuring all private asset types, both debt and equity activities are appropriately resourced with the correct knowledge and skillset to deliver the relevant and agreed outcomes for the function.
• Elevate talent to develop and enhance both technical and non-technical skills required to deliver a strong and purposeful Transaction Management team within PIC Capital.
• Develop a regular cadence of communication, both in written and verbal format, on Transaction Management activities, risk levels, and incidents that can be easily transferred into management information packs for circulation to senior management, Committee meetings and Executive Committee meetings.
• Positively influence and support the effective servicing of the PIC Capital team and wider Investments function leveraging a skilful understanding of persuasion and influence to successfully deliver in the following areas of accountability:
• Deal Execution: setting up SPV processes, onboarding third party suppliers and supporting originators in tracking due diligence reports
• Deal on Boarding: booking transactions in PIC’s systems, bank account set up, KYC and post close checklists
• Deal Operations: IMA reviews, testing of controls, Board papers, insurance renewal, ownership of third party finance partners, SPV management, supporting on 3rd party managers from an operational perspective and valuations
• Deals confidently with ambiguity and unstructured processes and procedures given the assigned activities under Deal Execution; Deal On-boarding; and Deal Operation may not have been designed or established or are currently by undertaken by another team.
• Demonstrate collaboration and human centric skills (patience, empathy and humility) given transaction management activities have been largely undertaken by the originators and this will be a change to ways of working differently.

Knowledge

• Detailed understanding of alternative assets including transaction documentation, cashflows, risks.
• Good technical knowledge of different holding structures for real assets and operational processes for the operation of these structures
• Established knowledge of accounting and valuation approaches for fixed income and real assets
• Knowledge of onboarding and KYC processes

Skills

• Strong organisational skills
• Strong communication skills
• Ability to persuade and influence both directly and indirectly
• Ability to manage people and other resources effectively
• Ability to organize work to meet deadlines
• Ability to work within defined procedures as recommended by functional teams
• Commercial judgement
• Good working knowledge of MS Access, MS PowerPoint, MS Word

Experience

• Recognised qualification and/or strong employment record in transaction management of private asset types (debit and equity)
• Strong demonstrable experience of leading and developing teams
• Proven and successful track record of managing outsourced service providers
• Experience of designing and implementing process and process mapping
• Demonstrable experience of successfully delivering process improvements through automisation or system enhancements
• Experience of working within asset management and/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 have access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme, insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection, and much more.