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Job description

    Company Info

    Creating communities to live, grow and flourish.

    We believe that the pride and commitment of our staff are the key to our success. By ensuring exceptional levels of care and quality throughout, we aim to become the foremost provider of first-class affordable homes and to ensure the highest quality customer journey is experienced.

    Department Info

    Focused on supporting the UK's demographic and affordable living needs, and consistent with Legal & General's housing growth strategy, Legal & General Affordable Homes is leading the evolution of the affordable housing sector with an aim to become the leading private affordable housing provider in the UK. Through collaborating with developers, housing associations and public sector bodies across the country, L&G Affordable Homes is forward-funding new build affordable housing, bringing volume institutional capital to the social housing sector with initial target markets being affordable rent, shared ownership and rent-to-buy.

    We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

    Job Duties

    Created in 2018, Legal and General Affordable Homes are a commercial business with a social purpose. We focus on injecting institutional capital into the affordable housing sector to build good quality homes and deliver a great customer experience.

    Our commitment is to increase the much-needed supply of affordable homes in England and provide best-in-class customer service, putting customers at the heart of our business, listening to their needs and delivering services which matter to them most.

    To help the business deliver on this ambition the business is recruiting an Asset Charging Manager to join the team and take primary responsibility for monitoring and reporting on LGAH's security position.

    Principle responsibilities will include:
    • Work with lenders, lawyers, valuers, security trustees and other stakeholders to ensure accurate records are maintained and compliance requirements are met with regards to all relevant activities and to manage security projects in a timely manner whilst delivering best value for the organisation
    • Work with the Financial Controller to agree policy, processes and procedures with external and internal parties to release or reallocate properties from security pools in order to sell properties or maximise the debt raising capacity of LGAH
    • Ensure the asset covenant requirements of LGAH's finance agreements are met providing compliance certificates and ensuring that timely property valuations are carried out for both loan covenant and year end loan compliance reporting purposes
    • Identify key stakeholders within LGAH, educating them as required, to ensure all information needed for debt raising or compliance reporting is available and can be obtained within the defined timeframes
    • Assist in the production of high quality data to provide to investors, credit agencies, potential lenders and other stakeholders including dataset analysis and security reconciliations
    • Arrange property security for any new or restructured debt facilities, or drawdowns under existing facilities liaising with lawyers, security trustees, property surveyors, valuers and other stakeholders to ensure that required properties are charged and valued in line with agreed deadlines to support the raising of new finance
    • Act as a subject matter expert within the security area and provide advice and guidance to the business as required
    • Work with the Financial Controller to maintain and populate the Asset and Liability register
    • Prepare monthly reporting and develop procedures for the charging position of LGAH assets identifying values of charged and unencumbered assets.

    Skills Required

    • Strong academic background
    • Qualified accountant, lawyer or property professional

    Track record

    Affordable Housing / Registered Provider or other housing sector experience and knowledge would be an advantage

    • Experience of working within a finance department and using finance and property management systems and databases
    • Experience in property debt and security arrangements.

    Skills/ Attributes:
    • An ability to work in a start-up environment and establish processes and controls
    • An understanding of accounting and finance with an understanding of financial products, accounting policies and procedures and basic corporate finance
    • An attention to detail
    • Excellent IT and presentation skills


    Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, 10% car allowance, life assurance, employee private medical insurance, 25 days' holiday, performance related bonuses, your hard work will be rewarded when you join us.

    Please contact Stacie Burnett, Resourcing Lead - Stacie.Burnett@landg.com for further information.

Learn more about Legal & General

Be unique. Be authentic. However you prefer to say it, we really mean it. Our culture embraces people’s diverse perspectives and creates a positive environment where everyone belongs. We’re determined to build a better, more connected world for everyone.

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