Business Management Associate, Private Markets Business Management Associate, Private Markets …

Universities Superannuation Scheme Limited
in London, United Kingdom
Permanent, Full time
Last application, 16 Sep 21
Competitive Salary and Benefits
Universities Superannuation Scheme Limited
in London, United Kingdom
Permanent, Full time
Last application, 16 Sep 21
Competitive Salary and Benefits
Posted by:
Oliver Cannon • Executive Recruitment Partner
Posted by:
Oliver Cannon
Executive Recruitment Partner
PMG (Private Markets Group) is responsible for the origination, investment and asset management of private market activity. PMG working across Private Equity, Infrastructure, Property, Private Credit and Alternative Income Reporting directly to the PMG Chief of Staff, the PMG Business Manager will be responsible for several central business management functions across the private markets investment team including overseeing PMG pool (analyst and associate) recruitment and resource management, and broader deal administration including oversight and management of the main DealCloud deal tracking system, and agenda management and minute taking for the weekly investment committee that manages all deal approvals.

Responsibilities

PMG resource management

PMG have a pool of 13 Analysts and Associates who are allocated across the[LS1]  team to new deals as they emerge, the Business Manager will be responsible for this resource allocation and reporting to senior members of the team.

Coordinate and oversee Analyst / Associate recruitment

Working closely with HR and recruitment the Business Manager will be responsible for the analyst recruitment and rotation program and help drive PMG diversity initiatives[LS2] .

Deal Cloud data management

DealCloud is the core system within PMG for tracking deals and resource allocation, the Business Manager will help manage the system by ensuring data is kept up to date and assist with design and configure management reporting as required.

PMIC Agenda management / minute taking / action tracking

PMIC is a weekly governance committee meeting where deal teams present new deals for committee approval the Business Manager will be responsible for managing the agenda, minute taking and monitoring actions from the meeting.

PMG risk champion / control framework

As Risk Champion the Business Manager will be responsible for monitoring outstanding audit findings, risk event actions, and escalating any issues to PMG chief of staff.  This role will also act as the central point of contact for stakeholders such as Compliance and Audit.

Budget / business planning

The Business Manager will support the USS Finance team and help co-ordoinate PMG’s business planning and budgeting. Working closely with the Finance team the Business Manager will help review 3rd party fees, tracking strategic targets and enhance visibility of the costs across private markets..

PMG cost efficiencies

Proactively drive cost efficiencies across PMG, including working with closely with Procurement to review advisory fees paid to 3rd parties and develop MI reporting to support decision making on deal expenses. Review administration support across PMG with a view to identifying potential efficiencies

Broader PMG Responsibilities[LS3] :

Proactively participate in other aspects of the PMG supporting the chief of staff, such as assisting on key strategic projects, suggesting and implementing efficiencies or changes in process, reporting, procedures or structure where necessary; as well as being a point of contact for support and control teams within USS for private markets.

 

Skills and Experience

  • Self-starter with ‘can do’ attitude, highly organized, ability to prioritise and management of multiple workstreams
  • Ability to deliver high quality work under constrained timelines
  • Excellent interpersonal skills and a team player
  • High level understanding of investment finance[LS4] .  Detailed private markets knowledge is not required but high level understanding[LS5]  of the financial concepts will be required to be able to take accurate investment committee minutes.
  • Technically able, with strong Excel, Word and Powerpoint skills essential.  Also need to be able to pick up new reporting tools, and support new data and reporting requests relating to resource usage / Deal Cloud as part of the deal management function.
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