Associate, Infrastructure Investments - Canada - PSP's Private Debt & Credit Investment (PDCI) group

Description

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Associate, Infrastructure Investments

ABOUT US

We're one of Canada's largest pension investment managers, with CAD$243.7 billion of net assets as at March 31, 2023.

We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.

Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world's top companies. At PSP, you'll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.

EXPERIENCE THE EDGE

At PSP, we encourage our employees to grow, forge powerful relationships, contribute and fuel inspired investment launchpads. We are committed to a culture that fosters collaboration and allows us to think beyond, in an interconnected way. We advocate for our employees to speak-up, learn, experiment, share, and be part of an inclusive work environment where diversity is embraced

ABOUT THE TEAM

As an Associate, Infrastructure Investments in our Montreal office, you will work with a team of highly motivated professionals who pursue investments and manage a portfolio of infrastructure assets globally. You will be involved in all aspects of the investment process including research, origination, due diligence and analysis of investment opportunities, financing and asset management.

ABOUT YOUR ROLE

As an Associate, Infrastructure Investments, you'll:

Assessment of Infrastructure Investment Opportunities and Transaction Execution

• Conduct analysis of investment opportunities and assess investment thesis including key merits and risks
• Assess target companies' historical and projected financial information, strategic positioning and value proposition, industry dynamics, regulatory environment and other pertinent factors
• Prepare, support and recommend equity valuation for target companies:
  • Build detailed operational and financial models for DCF valuation, determine and substantiate key valuation assumptions, conduct sensitivity analyses on main value drivers;
  • Form a view on an appropriate expected return, commensurate with the level of risk embedded in the underwritten business plan;
  • Research relevant public information available on listed comparable companies and precedent transactions, use key findings to benchmark valuation
• Participate in or lead key due diligence activities conducted on target companies, including coordination and review of the work performed by third-party advisors (commercial, legal, financing, accounting, tax, environmental, etc.)
• Participate in the preparation of investment memorandums and presentation of recommendations to the investment committees

Monitoring and Active Management of Portfolio Investments

• Monitor periodic financial and operating results and explain management plan variance
• Prepare various ad hoc analyses of portfolio companies' performance and trajectory
• Support and participate in the portfolio companies' periodic valuation process
• Work alongside management teams to assess and execute investment opportunities, capital projects or refinancing activities pursued by portfolio companies
• Support review of portfolio companies' strategic alternatives and exit opportunities

Supporting Business Development Initiatives

• Keep abreast of important industry developments and publications and disseminate relevant information to the rest of the team
• Analyze and review key trends in existing and emerging infrastructure sectors, conduct ad hoc deep dive researches, prepare supporting analysis, attend conferences, interact with industry experts
• Develop new and cultivate existing network of industry contacts to improve access to information for the entire team

Note: the position requires travel.

WHAT YOU'LL NEED

We are looking for a team player who enjoys a high-performance culture and has strong interpersonal skills. The ideal candidate would have 3-5 years of working experience where the emphasis has been on developing a solid understanding of topics such as financial statements, corporate finance, M&A and valuation, excellent analytical and modelling skills as well as a critical thinking mindset.

In more detail, here's what we're looking for:

• Bachelor's degree in a relevant field. Master's degree in a relevant field, an asset
• CA, MBA, CFA, CBV is an asset
• Three (3) to five (5) years of relevant financial analysis, accounting, modelling, valuation and/or transactional experience in consulting or investment banking services, financing, investing or corporate development
• Experience in the infrastructure and/or energy sectors, considered an asset
• Solid understanding of financial statements, excellent analytical skills and sound critical judgement
• Being a team player who enjoys a high-performance culture, ability and desire to coach junior resources
• Strong interpersonal skills and ability to communicate effectively
• High level of proficiency with Microsoft Office Tools (more specifically Excel, Word and PowerPoint) and financial analytical tools and databases such as Capital IQ and Bloomberg
• Excellent communication skills in both English and French (or a willingness to learning French if not already acquainted). This involves engaging in regular interactions in English with other institutional investors, regulators, industry groups, and NGOs, as well as PSP employees in our Hong Kong, London, and New York offices. Additionally, there will be informal interactions in French with employees in our local offices based in Montreal and Ottawa.

We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to:

• Investment in career development
• Comprehensive group insurance plans
• Unlimited access to virtual healthcare services and wellness programs
• Competitive pension plans
• Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off
• Inclusive paid parental leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers
• A flexible hybrid work model with a mix of in-office and remote days based on business groups, teams, and roles

*Benefits package may vary based on your employee type.

At PSP, we aim to provide an inclusive workplace where we leverage diversity and where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.

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We're one of Canada's largest pension investment managers, with CAD$243.7 billion of net assets. We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force.

Grow your career with us

We are committed to fostering an environment where experiences and learning opportunities provide you with the platform to grow.