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Application Delivery Manager
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
To develop technical solutions in the form of bespoke software and third-party products. Deliver core systems and development processes/tools as identified in the IMS roadmap to enable a robust, supportable production environment.
Key responsibilities
• Analyse technical/business problems and document requirements
• Develop quality software to meet the evolving technical/business needs of USSIM, documenting as required
• Knowledge share across the team with some mentoring from more senior members
• Participate in team workshops
Your experience
• Substantial experience expected across the following technologies from most to least important:
o C# / MVC / ASP.NET / PowerShell / HTML5 / JavaScript / Python
• Expected to produce clear, concise, maintainable code.
• Some experience with using cloud computing / Azure infrastructure
• Ability to share knowledge / experience
• Some financial exposure, preferably gained through experience in a buy side institution or asset owner and willingness to undertake professional finance qualifications (e.g. IMC) in the short to medium term
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Operations | 16/04/2020 |
| London |
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Cashier
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
*Insert paragraph written from the Main Purpose of the role from role profile*
Key responsibilities
*Insert 4-6 key bullets from the role profile & role brief with hiring manager*
Your experience
*Insert any essential/desirable skills from the role profile & role brief with the hiring manager*
USSL is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Finance | 10/07/2020 |
| Liverpool |
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Credit Associate, Asset Management
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
To support PMG’s credit platform investments throughout the full lifecycle including service provider relationship management, portfolio oversight and analytics, credit event management and new origination & deal execution support. The current portfolio includes a $3B+ joint venture to provide senior debt facilities to leading European direct lending asset managers, an equity release mortgage joint venture with a leading originator, a £500M UK mid-market renewable lending platform across Onshore Wind, Energy from Waste, and Energy Efficiency, as well as other warehousing facilities.
Key responsibilities
Specific Functional Responsibilities:
• Responsible for post transaction monitoring and asset management of investments to include monthly reporting, liaising with borrower counterparties and management of 3rd party service providers.
• In collaboration with the Private Credit & Alternate Income (PCAI) investment team, ensure that appropriate asset management plans are defined and implemented (directs) and sufficient support is provided to asset management activities
• Coordinate lifecycle events incl. credit matters (both technical and non-technical), refinancing and adjustments alongside the PCAI investment team and other key stakeholders
• Implementation and oversight of best practice operating- and origination- models to include support the on-boarding of new Credit-related investments as well as relevant sales and disposals
• Organise / supervise internal processes with key internal stakeholders and managing external workstreams such as legal, credit/commercial, financial and tax due diligence
• Document management including coordination of signing of documents and liaising with internal legal and our external legal panel
• Proactively participate in oversight aspects of the PMG, suggesting and implementing efficiencies or changes in process, procedures or structure where necessary
Broader PMG / AM&O Responsibilities:
• Contribute to the support of broader PMG activities incl. valuations, budgeting, MI / reporting and IT-support as well as be a point of contact for support and control teams within USSIM / USS
Your experience
Essential
• Demonstrable track record of asset management of privately-held companies within a Credit setting (Private Equity or Infrastructure experience will also be considered)
• Likely to have worked in a similar role in one or more of the following: Credit Adviser, Investment Bank, GP, Pension Fund, Asset / Fund Manager
• Experience within a Financial Services’ consultancy / transaction services’ organisation would also be considered
• Ability to deliver high quality work under constrained timelines
• Competent at prioritisation, process organisation, and management of multiple workstreams
• Excellent interpersonal skills and a team player
• Working knowledge of credit investments and documentation
Desirable
• Highly numerate (Accountancy/CFA qualification is considered advantageous but not a necessity)
• Great attention to detail
• Strong verbal and written communication
• Self-starter with ‘can do’ attitude, highly organised and ability to prioritise
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Private Markets | 12/05/2020 |
| London |
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Investment Director - Private Credit and Alternative Income, Private Markets (Long Duration Credit)
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
• To originate and manage investments of the Private Credit and Alternative income team’s mandates. Predominant focus is directly originating, underwriting and structuring performing Investment Grade like private credit across the corporate, structured, project finance credit space across primary and secondary markets.
• Target markets for deployment include but are not limited to: Longer duration credit (10yrs)
o Private placement lending
o Infrastructure lending
o Housing association, local authority lending, other quasi sovereign
o Long duration real estate lending (income strip financing, Ground rents)
• An appetite to originate and structure across the credit spectrum
Key responsibilities
• To originate, underwrite and structure credit transactions on a direct and co-investment basis.
• Make formal investment recommendations to Approvals Committee (AC) and Private Markets Investments Committee (PMIC) primarily for PC&AI and across PMG
• Manage and oversee complete transaction processes. Including leading a transaction team, liaising with key internal stakeholders and managing external workstreams such as legal, credit/commercial, financial and tax due diligence
• Responsible for post transaction monitoring and asset management of investments to include quarterly reporting, calendar year end and financial year end valuation papers, liaising with borrower counterparties and management of 3rd party service providers.
• Manage and develop key origination relationships with sponsors, intermediaries and corporates.
• Represent USS on advisory boards and portfolio company boards as well as within industry including attendance and presenting at conferences and proactively promoting PMG’s investment strategy and team
• Proactively participate in operational aspects of the PMG, suggesting and implementing efficiencies or changes in process, procedures or structure where necessary
• Provide line management to individual analysts in addition to mentoring and support to all associates and analysts.
Your experience
Essential
• Experience of private credit, of which 4+years as a principal underwriting direct private credit transactions.
• Experience of managing M&A/debt underwriting processes
• Strong origination network across banking/insurance/issuers
• Excellent financial modelling skills, strong understanding of company valuation techniques and portfolio construction
• Ability to deliver high quality work under constrained timelines
• Competent at prioritisation, process organisation, and management of multiple workstreams
• Ability to influence, to fulfil investment decisions
Desirable
• Additional language skills preferred
• First degree in finance related subject from a top-tier university
• A post graduate qualification, either CFA or an MBA is desired
• Accounting qualifications would be regarded favorably
• Knowledge of the private equity/private credit community
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Private Markets | 29/04/2020 |
| London |
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Investment Director - Private Credit and Alternative Income, Private Markets (Short Duration Credit)
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
• To originate and manage investments of the Private Credit and Alternative income team’s mandates. Predominant focus is directly originating, underwriting and structuring performing Investment Grade like private credit across the corporate, structured, project finance credit space across primary and secondary markets.
• Target markets for deployment include but are not limited to: Shorter duration credit ()
o Structured credit (private securitisation of mortgages, ground rents, corporate loan books)
o Alternative asset financing (such as Leasing, royalty, insurance assets)
o Leveraged Loans and direct lending (predominately accessed through fund and co-invest structures)
• An appetite to originate and structure across the credit spectrum
Key responsibilities
• To originate, underwrite and structure credit transactions on a direct and co-investment basis.
• Make formal investment recommendations to Approvals Committee (AC) and Private Markets Investments Committee (PMIC) primarily for PC&AI and across PMG
• Manage and oversee complete transaction processes. Including leading a transaction team, liaising with key internal stakeholders and managing external workstreams such as legal, credit/commercial, financial and tax due diligence
• Responsible for post transaction monitoring and asset management of investments to include quarterly reporting, calendar year end and financial year end valuation papers, liaising with borrower counterparties and management of 3rd party service providers.
• Manage and develop key origination relationships with sponsors, intermediaries and corporates.
• Represent USS on advisory boards and portfolio company boards as well as within industry including attendance and presenting at conferences and proactively promoting PMG’s investment strategy and team
• Proactively participate in operational aspects of the PMG, suggesting and implementing efficiencies or changes in process, procedures or structure where necessary
• Provide line management to individual analysts in addition to mentoring and support to all associates and analysts.
Your experience
• Experience of private credit, of which 4+years as a principal underwriting direct private credit transactions.
• Experience of managing M&A/debt underwriting processes
• Strong origination network across banking/insurance/issuers
• Excellent financial modelling skills, strong understanding of company valuation techniques and portfolio construction
• Ability to deliver high quality work under constrained timelines
• Competent at prioritisation, process organisation, and management of multiple workstreams
• Ability to influence, to fulfil investment decisions
Desirable
• Additional language skills preferred
• First degree in finance related subject from a top-tier university
• A post graduate qualification, either CFA or an MBA is desired
• Accounting qualifications would be regarded favorably
• Knowledge of the private equity/private credit community
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Private Markets | 29/04/2020 |
| London |
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Investment risk analyst
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
Supporting the production of investment risk reports for the pension fund as a whole, individual portfolios/mandates and providing analysis to help stakeholders on decision making.
Key responsibilities
Delivering Results
1. Assist with day-to-day production of risk analysis and reports across investment risk spectrum and multi-assets.
2. provide reasoning and narratives on changes of risk.
3. Provide analytical support for ad-hoc requests internally from PAIR and externally across USS.
4. Contribute to delivery of projects from end-to-end, including planning, gathering requirements and testing.
5. Assist with the implementation & enhancement of automated reporting within the PAIR team.
Managing Systems and Technology
6. Work closely with Investment Management System (IMS)/Operations to ensure controlled delivery of risk results and projects through the whole system.
7. Provide quality control on risk input and output data.
8. Work closely with front office to ensure new or complex instruments can be captured correctly in risk management system.
9. Develop deep understanding of USS technology in order to identify system impacts from new initiatives.
Managing Processes & Future Focus
10. Cooperate closely with other team members in PAIR and other teams (Investment Strategy Advisory/Investment Product Management/IMS) to identify potential process improvements.
11. Automate and redesign processes to achieve efficient risk reporting, attribution and analysis.
Managing Relationships
12. Build relationships with Front Office, Investment Management System, Operations, and the wider organisation to enable the team to work more effectively.
Your experience
Essential
• Experience 1+ years in asset management or finance preferred, with practical experience in technology.
• Knowledge of investment risk at least on market risk.
• Degree in a STEM related subject (ideally with a finance/risk management master) or Quantitative Finance.
• Knowledge of at least one programming language
o Python/SQL/VBA preferred
o Knowledge of other languages considered
• Comfortable working with data and conducting analyses.
• Able to solve problems independently.
Desirable
• Knowledge of multi-asset classes.
• Understanding of financial markets and instruments gained through courses or experience.
• Understanding of risk and performance measurement for an asset manager or pension fund.
• Experience of using standard risk systems. Ideally MSCI Risk Manager or Barra One.
• Strong knowledge of Excel.
• Experience in presenting reports, results, etc.
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| PAIR | 27/05/2020 |
| London |
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Member Communications Specialist
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
Empower members to engage confidently with their pension by providing clear and timely communications in accessible formats.
Responsible for producing end to end member communications; from insight, planning and brief to collateral management, delivery and results, with a focus on the holistic member experience.
Key responsibilities
• Works with the Member Communications Manager to develop a high level deliverables plan driven by key member journeys and regulatory activity.
• Leads communication coordination from brief creation (following planning approval by Member Communications Manager), agency liaison and internal stakeholder engagement to ensure buy-in and provides updates. Proof edits comms materials ensuring accuracy of message and compliance with statutory (Legal) and regulatory (Compliance) requirements.
• Continually monitors the effectiveness of member communications activity, producing timely reports and commentary, suggesting improvements.
• Embeds a test and learn culture to comms production and implementation with a focus on digital first.
• Leads key work streams in tandem with the Member Communications Manager in accordance to the wider departmental strategy.
• Ensures the member communications proposition is applied consistently across all channels and in line with the wider journey and persona requirements.
• Acts as a custodian of the USS brand and style guidelines, ensuring consistent use across all platforms in terms of look, image, identity and message.
• Controls the accuracy of content and ensures it is, clear, engaging and reflects the organisation’s strategic objectives and brand pillars.
• Provides communications expertise, support and advice on a wide range of projects; represents member communications in internal task force projects and forums as required.
• Establishes and maintains effective internal and external stakeholder engagements.
• Tracks budgets in accordance with the Member Communications Support Officer.
• Supports plans and future requirements to enable the team to meet the needs of members, stakeholders and the business, including supporting the development of medium and longer-term plans that underpin the achievement of USS's pension’s strategy.
• Adheres to core departmental processes i.e. supplier contracting, agency briefing, messaging sign off, risk and data management, proposition formation process etc.
• Acts as a mentor for junior members of the team.
Your experience
• Detailed pensions knowledge advantageous;
• Wider financial services/product knowledge would be an advantage;
• Excellent communications skills;
• Open and honest approach;
• Skilled at building rapport and relationships;
• Accuracy and attention to detail;
• Able to identify/implement & utilise a range of software products to deliver the member communications objectives;
• Able to think creatively and outside of the box;
• Able and willing to challenge status quo;
• Able to manage own workload proactively and prioritise as required;
• Able to coach less senior members of the team;
• Able to convert complex information into easily understandable content;
• Able to work in a manner that is consistent with the organisation’s ethos and values;
• Educated to degree level or relevant experience, APMI qualified or working towards an advantage.
USSL is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Pensions Strategy | 24/04/2020 |
| Liverpool |
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Operations Analyst
| Operations | 16/06/2020 |
| London |
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Pension Administrator
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited. Our purpose Working with Higher Education employers to build a secure financial future for our members and their families. The role *Insert paragraph written from the Main Purpose of the role from role profile* Key responsibilities *Insert 4-6 key bullets from the role profile & role brief with hiring manager* Your experience *Insert any essential/desirable skills from the role profile & role brief with the hiring manager* USSL is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Pensions Operations | 02/07/2020 |
| Liverpool |
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Procurement Category Manager
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
Maximising value through: supplier and contract/commercial management; and the organisation, processing, reporting and control of all external purchasing expenditure.
Key responsibilities
Working with the Head of Procurement to increase value for USS members and operational control through improved management of new and existing suppliers and associated approval to spend processes.
Specific responsibilities:
• Maintain procedures, controls and guidance for improving the procurement and management of suppliers across business areas, encourage adoption of these and assess areas for improvement through regular collaboration with business areas and ongoing monitoring of adherence. This will include delivering training to non-Procurement and non-Finance individuals in the organisation
• Provide partnering and guidance to business areas, ongoing value benchmarking, procurement advice (including input to ITTs/RFPs), and making timely plans for exit/replacement. This will mainly involve internal partnering, and working with external advisors, and providing support for the Head of Procurement for a small number large suppliers which provide complex services where direct engagement is required.
• Input into benchmarking strategies for the key suppliers, in collaboration with business areas.
• Monitor key supplier health and market events for exposure risks.
• Review and cleanse supplier data to support MI initiatives. Analyse expenditure and recommend strategies for improving value (including savings/rationalisation opportunities).
• Control and monitor expenditure trends identifying recommendations for savings, report all external expenditure in accordance with policy and best practice, highlight pertinent implications and emerging issues through the appropriate meetings.
• Identify, initiate and deliver improvements to expenditure and purchase controls partnering with the Finance Team.
• Provide specialist support to the Purchase Ledger team and be responsible for continuous improvement of the Purchase Ordering systems and processes
Your experience
• Educated to degree level or equivalent experience
• Hold a professional finance, contract management or procurement management qualification
• Excellent business and commercial acumen
• Capable of building collaborative relationships at every level across the business and with external advisors and suppliers
• A credible finance professional capable of representing the organisation and its commercial interests in contract negotiations
• A good communicator who seeks to understands the commercial implications and builds collaborative relationships at every level across the business
• Strong analytical skills, problem solving capability, an enquiring approach and ability to challenge
• Excellent verbal and written communication skills
• Able to work in a manner that is consistent with the organisation’s ethos and values
USSL is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Finance | 04/05/2020 |
| Liverpool |