Associate Portfolio Manager - London, Canada - OPTrust

OPTrust

Verified Company

London, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Associate Portfolio Manager

Department:
Investments - Private Markets Group

Type:
Permanent

Location:
London, UK

Posting Date:
January 18, 2023

At OPTrust,
_paying pensions today, preserving pensions for tomorrow_ is our mission and business.

When you choose OPTrust, you join a team of smart, talented people who fuel our success and have a passion for pensions.

Everyone at OPTrust - from London, Toronto, and Sydney - makes a meaningful impact, our environment is fast paced, but we find time to have fun and give back to the community as well.

Our strength resides in our team members with different backgrounds and perspectives creating an inclusive and fulfilling place to work for everyone.

What OPTrust Offers You- Unique culture rooted in our core values - collaboration and teamwork, integrity, respect, flexibility, and excellence and continuous improvement - reflected across the team.- Dedicated business strategy for inclusion, diversity and equity with multiple, meaningful opportunities to participate.- Flexible, hybrid work model being implemented to balance the benefits of working from home and the collaborative teamwork experience in the office.- Participation in a pension benefit scheme.- A purpose-driven environment, including the opportunity to contribute to OPTrust's climate change and responsible investing programs.- Professional development opportunities and learning initiatives including access to LinkedIn Learning, in-house speaker series, tuition reimbursement program and professional association memberships.- Comprehensive benefits package focused on your health and wellness, including dental, vision and extended health benefits.- Competitive vacation package and time away from work such as work-life balance days.

About the Role

With assets of more than Canadian $25 billion, the OPSEU Pension Trust (OPTrust) invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with just over 100,000 members and retirees.

OPTrust's private markets program was launched in 2006 to build diversified infrastructure and private equity portfolios that account for up to 30% of the Plan's total assets (15% or C$3.5 billion each).

The Private Markets Group consists of 20 investment professionals across Toronto, London, and Sydney; the team is active across both portfolios and can originate and execute a broad range of investment opportunities.

The target allocation for the portfolios is approximately 40% in North America, 40% in Europe, and 20% in developed Asia and emerging markets.

The infrastructure portfolio focuses on principal and platform investment opportunities with a limited number of funds.

The team have the ability to consider opportunities across capital structure, and have deep expertise in sectors including transportation, communications, power generation, resource extraction, utilities, water and wastewater, and waste management.

Notable European infrastructure investments to date include:

Porterbrook (exited 2014), Thames Water (exited 2017), BRUC Energy (renewable energy platform), and Globalvia (global and diversified transport platform).

Private equity investments are made through funds and principal investments primarily, with a growing emphasis on principal investments.

The team looks to build a diversified portfolio targeting the most active sectors in the economy, with diversification across the risk spectrum.

The program focuses on making buyout and growth capital investments, as well as investments which generate steady streams of cash flows with a moderate level of growth and lower volatility.

In addition, the program will target opportunistic private debt investments and other special situations.

The team in London will consist of six investment professionals (including this search) under the leadership of Morgan McCormick and, as part of efforts to grow its presence in Europe, is looking to hire a new Associate Portfolio Manager.

More information available at

What You'll Do

The new Associate Portfolio Manager will work across the investment life cycle including execution and ongoing portfolio management of investments across the private equity and infrastructure portfolios.

Specific responsibilities include:

Creating and/or reviewing of detailed financial models.
Performing investment due diligence and reviewing 3rd party due diligence reports.
Assisting in the evaluation, structuring and negotiation of investment opportunities.
Preparing of investment approval documents and participating in investment committee meetings.
Liaising with key counterparties including advisers, lenders, and corporate representatives.
Supporting existing investments, including monitoring of ongoing financial and operational performance, performing valuations, and preparing various internal / external documentation related to approvals and consents.
Staying abreast of key market trends / developments across asset cl