Full-Time
Senior Investment Associate
Alternative Debt
Legal & General
5,001-10,000 employees
Insurance, pensions, and asset management provider
Compensation Overview
$150k - $170k/yr
Chicago, IL, USA
Hybrid
 Finance & Banking (1) |
|---|
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- 5-7 years of investment experience in structured credit or other relevant sectors, with a deep understanding of identifying and mitigating credit risks
- Direct experience originating, structuring, and executing investment grade or sub-investment grade debt transactions to fit within specific client mandates
- Self-motivated, proactive, with strong critical thinking and analytical skills, and ability to communicate effectively in a variety of settings
- Experience working with, training and leading less experienced members of the team
- Originate and filter new potential alternative debt investments according to suitability for LGIMA’s clients, including liaising with borrowers, intermediaries, and sponsors, and attending conferences and other industry events to build market connections
- Act as Deal Captain on transactions that demonstrate attractive risk-adjusted returns and meet client requirements, taking ownership of due diligence, credit ratings, documentation review and negotiation, all approval processes, and execution/closing
- Manage existing investments by reviewing borrower reporting, rating agency reports, processing and escalating waiver requests, and producing quarterly reviews
- Collaborate with colleagues in Chicago and London, working cross-border with legal, credit, operations and business management teams
- Manage key internal and external stakeholder and borrower relationships, including discussing pipeline and portfolio updates with clients
- Research new sub-sectors and products that could be appropriate investments for LGIMA clients, and support internal and external education/approvals to invest in new products that show attractive risk-adjusted returns
- Support preparation of marketing materials for potential clients, and help the solutions team develop new products for Private Credit
- Work with junior talent in the team to develop their technical and soft skills, providing opportunities to learn, grow and progress their careers
Legal & General provides financial services including insurance, retirement products, and investment management to over ten million customers globally. The company manages over £1.1 trillion in assets by directing capital into diverse areas like real estate, clean energy, and infrastructure to generate returns for pension and savings holders. It distinguishes itself through a commitment to "inclusive capitalism," which prioritizes social and environmental outcomes alongside financial profit. The company's goal is to deliver steady shareholder value while supporting urban regeneration and net-zero climate targets through long-term investments.
Company Size
5,001-10,000
Company Stage
N/A
Total Funding
N/A
Headquarters
London, United Kingdom
Founded
1836
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Simplify's Take
What believers are saying
- H1 2026 core operating profit rose 7% to £918m; EPS rose 11%.
- L&G completed £450m of a £1.2bn buyback and raised the interim dividend 2%.
- Protection sales rose 22% to £168m, while group protection premiums climbed 33%.
What critics are saying
- FCA's January 2026 pure protection study targets switching incentives and commission practices.
- RBC says L&G's CSM sits 5% below consensus, pressuring 2027 earnings.
- Commercial property and PRT margins face markdowns if rates or competition turn adverse.
What makes Legal & General unique
- Legal & General wrote £2bn UK PRT in H1 2026, reinforcing scale.
- Meiji Yasuda owns 5% and shares US PRT economics after February 2026.
- LGIM manages £1.2trn, pairing asset management with retirement liabilities and capital recycling.
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Benefits
Health Insurance
Life Insurance
Healthcare Plan
Pension
Pension Contribution
Competitive family leave
Electric car scheme
Annual bonus plan
Share schemes
Discounts
Office spaces
25 days holiday
Holiday buy/sell
Remote Work Options
Hybrid Work Options
401(k) Retirement Plan
401(k) Company Match
Stock Options
Company Equity
Wellness Program
Mental Health Support
Gym Membership
Phone/Internet Stipend
Home Office Stipend
Family Planning Benefits
Fertility Treatment Support
Adoption Assistance
Childcare Support
Employee Discounts
Parental Leave
Flexible Work Hours
Paid Vacation
Paid Holidays
Paid Sick Leave
Sabbatical Leave
Relocation Assistance
Performance Bonus
Training Programs
Tuition Reimbursement
Professional Development Budget
Conference Attendance Budget
Professional Certification Support
Mentorship Program
Legal Services
Meal Benefits
Remote Work Options
Company News
ECF selected to drive 2,300-home Portsmouth City Centre regeneration. A major regeneration programme that could transform the heart of Portsmouth has taken a significant step forward after Portsmouth City Council selected ECF as its preferred development partner for the next phase of the ambitious City Centre North masterplan. The proposed regeneration has the potential to deliver up to 2,300 new homes alongside commercial, leisure and public realm improvements, creating one of the largest mixed-use developments on the South Coast. The 13.25-hectare brownfield site, which occupies land formerly home to the now-demolished Tricorn shopping centre and surrounding car parks, is set to be reimagined as a vibrant new city centre neighbourhood that combines residential, commercial and community uses. ECF - the regeneration partnership between Homes England's National Housing Bank, Legal & General (L&G) and Muse - will now work alongside Portsmouth City Council to assess development options before progressing towards a formal development agreement. For the construction and property sectors, the appointment marks another major regeneration opportunity that could unlock substantial investment, housing delivery and long-term economic growth while bringing a strategically important city centre site back into productive use. Alongside a mix of homes across different tenures, the emerging masterplan includes new commercial workspace, leisure facilities and improved pedestrian connections designed to increase footfall, strengthen the local economy and create a more accessible and attractive urban environment. A key feature of the proposals will be more than 240,000 sq ft of new public realm, including a significant urban park that will provide valuable green space for residents, workers and visitors while enhancing the overall quality of the city centre. The regeneration reflects the growing emphasis on brownfield redevelopment as local authorities seek to deliver sustainable housing growth by repurposing underutilised urban land rather than expanding onto greenfield sites. Sir Michael Lyons, Chairman of ECF, said: "We're looking forward to working with Portsmouth City Council over the coming months to explore the site in detail, test what's deliverable here, and build the case for how we might take this forward together." ECF has built a strong reputation for delivering large-scale regeneration projects across the UK, with an extensive portfolio that includes developments in Canning Town, Stockport, Bradford, Wolverhampton, Northampton and Stevenage. If brought forward, City Centre North has the potential to become one of Portsmouth's most significant regeneration projects in decades, delivering new homes, employment opportunities, public spaces and commercial investment while creating a thriving mixed-use destination that supports the city's long-term economic and residential growth ambitions.
Cutting Industries Limited begins ISO 14001 Environmental certification journey. Cutting Industries Limited has begun the process of securing ISO 14001 Environmental Management System certification, marking a further step in its drive for responsible manufacturing and continual improvement. The family-owned Lisburn manufacturer has supplied bespoke precision-cut components to a broad range of industries for almost 30 years, investing in people, processes and technology to enhance product quality, increase efficiency and reduce waste. Pursuing ISO 14001 is intended to deepen the company's understanding of its environmental impacts and embed more sustainable practices across its operations. - Advertisement - The internationally recognised standard sets out a structured framework for organisations to identify opportunities for environmental improvement, boost resource efficiency, minimise waste and comply with environmental legislation. While many such measures are already in place at Cutting Industries, formal certification is expected to strengthen its environmental management systems and provide a clear pathway for ongoing improvement. Amy Smiley, Operations Director at Cutting Industries Limited, said: "Manufacturing has an important role to play in building a more sustainable future. Beginning our ISO 14001 journey reflects our commitment to continually improving how we operate, not only for our business but also for our customers, employees and the wider community. We see this as another investment in the future of Cutting Industries and look forward to achieving certification." Latest construction news. 07/08/2026 NI construction firm GRAHAM has helped MyTime, an NHS learning disabilities and wellbeing service in Chertsey, create a new outdoor summerhouse and enhanced garden, providing a calming, year-round space for service users, staff and visitors. The project forms part of GRAHAM's ongoing commitment to 07/08/2026 Cutting Industries Limited has begun the process of securing ISO 14001 Environmental Management System certification, marking a further step in its drive for responsible manufacturing and continual improvement. The family-owned Lisburn manufacturer has supplied bespoke precision-cut components to a 07/08/2026 Owners and custodians of protected and historic buildings across County Cork are being urged to apply for support under three 2027 schemes announced by Minister of State for Nature, Heritage and Biodiversity, Christopher O'Sullivan, TD: the Built Heritage Investment Scheme (BHIS), the Historic Thatc 07/08/2026 South Dublin County Council has begun the Clonburris Stage 2A Joint Infrastructure Works - Surface Water Outfall in the Griffeen area. Emergency works are required to safeguard road users and the public as the programme advances. Over the coming months, heavy civil engineering will deliver storm wa 07/08/2026 A major programme of maintenance on the M3 Lagan Bridge in Belfast will begin on Friday 14 August 2026. This is the third phase of bridge bearing replacements, following earlier phases in 2024 and 2025. So far, 18 bearings have been replaced; a further six are now scheduled, affecting the bridge's 07/08/2026 Watkin Jones has reached practical completion of Loftlines, a 627-home build-to-rent (BTR) development in Belfast's Titanic Quarter, marking the delivery of Northern Ireland's first large-scale purpose-built BTR scheme. The development, delivered for L&G in partnership with Lacuna Developments, was 07/08/2026 Work is commencing on a substantial upgrade of the village's wastewater treatment plant, an investment Uisce Éireann says will enhance services, protect the local environment and enable future growth and development. The scheme will lift the plant's population equivalent from 1,000 to 1,500, a 50% 07/08/2026 The Government has launched Ireland's first overarching National Public Procurement Strategy, designed to improve transparency, strengthen competition and widen access for small and medium-sized enterprises (SMEs) across the public buying system. Minister for Public Expenditure, Infrastructure, Pub 07/08/2026 Economy Minister Dr Caoimhe Archibald has launched a public consultation on proposals to introduce Northern Ireland's first locally led regulatory framework for heat networks. The consultation outlines plans to strengthen consumer protections while establishing a regulatory system designed to suppo 07/08/2026 Grants of €50,000-€200,000 are available for larger conservation projects under Galway City Council's 2027 Historic Structures Fund (HSF), with applications due by 4pm on Friday 27 November 2026. The HSF invites bids for works to qualifying heritage structures. Guidance and the application form can
Legal & General reported stronger first-half results, with core operating profit up 7% and core operating earnings per share rising 11%. Management now expects full-year EPS growth to exceed its previous 6%–9% target. The insurer raised its interim dividend 2% to 6.24 pence per share. Its solvency ratio stood at 201%, above the 160%–190% target range. Institutional retirement benefited from higher pension risk-transfer activity and asset optimisation, which generated £288 million in the first half. The company raised its full-year asset-optimisation forecast to more than £400 million. Asset-management fee-related earnings rose 37%, whilst workplace pension net flows increased 35% and individual annuity premiums grew 36%. Legal & General has completed about £450 million of its planned £1.2 billion share buyback programme.
L&G protection sales up 22% as margin and volume increases. Legal & General protection sales grew significantly during the first half of 2026 due to an increase in margin and completions, the insurer reported. There was a near equal split between retail and group protection sales but the group market saw the largest growth, despite Health & Protection revealing troubles with its group critical illness product. New protection sales on an annual premium equivalent (APE) basis grew by 22% to £168m from £138m a year earlier, "reflecting growth across both retail and group businesses" L&G said. It revealed the new business margin on protection sales had been increased by 2.9 percentage points from 8% in the first half of 2025 to 10.9% this year. Retail protection new business premiums rose 12.9% to £87m from £77m in H1 2025. L&G said sales "remained strong across all channels" with digital self-service and data-led capability remaining central to the proposition. Group protection new business premiums rose 32.7% to £81m from £61m with improved margins. Both these new business figures were also up from the second half of 2025 where sales were £82m and £49m respectively. In total, protection gross written premiums of all business in place including new sales rose by £31m or 2.6% to £1.19bn from £1.16bn. Retail protection gross premium income increased 2% to £784m from £771m with group protection gross premium income up 5% to £406m from £388m. Additionally, L&G said it was continuing to "engage proactively with the Financial Conduct Authority on the second phase of its Pure Protection Market Study, following the publication of its interim review in Q1 2026." US protection arm sale. On 2 February 2026 the sale of its US protection and US pension risk transfer (PRT) businesses to Meiji Yasuda was completed for $2.6bn. The Japanese mutual life insurer became the owner of the L&G's US protection business and now holds a 20% economic interest in the US PRT business. As a result, L&G saw a £1.4bn boost to its bottom line for the first six months, taking its overall profit before tax to £1,997m from £406m. Its retail operation, which includes all protection business, reported a 5% rise in profit before tax to £248m from £237m. 'Simpler, more focused L&G' Legal & General group CEO António Simões noted the group's core operating profit grew 7% to £918m and it had completed around £450m of its £1.2bn buyback programme. "We are making good progress in becoming a simpler, more focused L&G," he said. "Healthcare & Protection is pleased to confirm a 2% interim dividend increase as Healthcare & Protection continue to deliver strong and sustainable shareholder returns. "The highlight of the first half was the performance in asset management, with fee-related earnings increasing 37%, supported by record annualised net new revenue and a reduced cost-income ratio of 71%. "In institutional retirement, Healthcare & Protection maintained its strict pricing discipline while writing or exclusive on £5.7bn of global PRT year to date. "We continue to cement our leading positions in retail. Workplace pensions administered assets increased 27% year on year to £128bn and total UK DC assets under management reached £236bn," he added.
L&G delivers 7% operating profit growth in H1. By Dan McGrath 05/08/2026 Legal & General (L&G) has recorded a 7% year-on-year increase in its core operating profit, totalling £918m, as it looks to become a "simpler, more focused" company. In the six months to 30 June, the financial services provider saw its core operating earnings rise by 11% to 12.15 pence, while its profit before tax jumped by 392% to almost £2bn, which it said reflects a gain on the disposal of its non-retained US business. In this period, its assets under management totalled £1.2trn, with almost have being held in international assets. Meanwhile, its institutional retirement division recorded £5.7bn in global pension risk transfer, written or exclusively as at end-July, while its retail division reaches annuities volumes of £1.2bn, withassets under administration increasing by 27% to £128bn. CEO at L&G, António Simões, stated: "We are making good progress in becoming a simpler, more focused L&G. Core operating profit grew 7%, core operating EPS increased 11%, and we have completed c.£450m of our £1.2bn buyback programme. We have improved dividend cover by earnings and capital generation. We are pleased to confirm a 2% interim dividend increase as we continue to deliver strong and sustainable shareholder returns." L&G said it has continued its commercial momentum in the first six months of the year, and it is "well positioned" against its 2028 targets. These include its institutional retirement and retail divisions are targeting growth of 5%, while its asset management division is on track to hit its operating profit target of £500m and £600m by 2028. Simões concluded: "Our scale and the connections between our businesses remain a clear competitive advantage, which we are building further through improvements in operating efficiency. We are on track to meet or exceed our strategic targets."