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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Victoria, Canada

Salary: $K - $K

With $233.0 billion of gross assets under management, as of March 31, 2023, British Columbia Investment Management Corporation (BCI) is the provider of investment management services for British Columbia’s public sector and one of the largest asset managers in Canada. BCI seeks investment opportunities around the world and across a range of asset classes that convert savings into productive capital. Our investment returns play a significant role in helping our institutional clients build a financially secure future for their beneficiaries.

DEPARTMENT DESCRIPTION

On behalf of BCI’s clients, the Infrastructure & Renewable Resources (I&RR) team invests globally in private infrastructure businesses that provide stable long-term results. BCI’s I&RR portfolio has $20+ billion in AUM and ranks as the ninth largest institutional infrastructure investor globally. The portfolio spans a range of sectors including energy, transport, utilities, and data infrastructure as well as tangible assets in timberland and agriculture.

 

I&RR seeks meaningful investments in private companies enabling an active governance approach. The team invests in a variety of capacities including as a sole sponsor, co-investor, and very selectively through externally managed funds. In these capacities, the team seeks to take an active oversight role built on a foundation of trusted relationships with all stakeholders and a commitment to long-term value creation.

 

POSITION DESCRIPTION

The Principal supports the asset management activities for the ever-growing portfolio of investments in the Infrastructure and Resources space. The Principal plays a key role in protecting, growing, and realizing the value of the portfolio by a) actively engaging with management teams, other shareholders and advisors on issues confronting individual companies, b) building and leading processes to ensure sustained progress across the entire portfolio within BCI, and c) supporting the BCI investment making process for new investments and Portfolio Company M&A. The Principal also supports due diligence activities for prospective investments by leading specific workstreams and helping direct junior resources.

 

The Principal develops rigorous and independent insights into the ongoing performance of BCI’s large direct investments. These insights would be advanced toward action through an ability to build highly collaborative relationships with a range of stakeholders including deal team leaders, investee company executives and Board members. Above all else, the Principal brings a long-term value investing mindset with excellent interpersonal and communication skills.

 

QUALIFICATIONS

Must have:

  • Minimum 4-8 years of experience in the investment management profession (preference for institutional investment experience), transaction advisory, private equity investments, investment banking, management consulting, or corporate development
  • Excellent interpersonal skills: i.e., a proven ability to build lasting trust-based relationships with a wide variety of stakeholders
  • Personal drive: i.e., a track record of taking initiative to maximize impact
  • Excellent communication skills, clarity and concision in writing and speaking, driven by structured thinking
  • Strategic thinking: i.e., the ability to build the ‘big picture’ from an understanding of elementary business drivers, and strong critical thinking to allow them to succeed within ambiguity
  • Cultural fit; i.e., a low ego, approaches long term challenges with patience and humility, prioritizing knowledge and consultation
  • Strong organizational skills

 

Preferred:

  • Experience in or knowledge of infrastructure investments

 

PRIMARY RESPONSIBILITIES

Portfolio Company Support

  • Ensure appropriate governance structures and processes are in place at portfolio companies
  • Evaluate and help develop strategies, investment recommendations, budgets, and compensation schemes, as well as addressing other key issues confronting Board and management teams
  • Support Boards with analysis of industry and company specific issues, focusing on findings that are material to long-term value and actionable by management in a pragmatic way
  • Size and prioritize strategic initiatives, and support their pursuit directly with management and through external advisors

 

Portfolio Monitoring & Oversight

  • Support the productive use and evolution of tracking tools and processes to ensure sustained long-term returns and delivery of value creation initiatives
  • Systematically develop objective and rigorous views on the long-term health and potential of companies within the portfolio
  • Facilitate discussions to prioritize issues and interventions, advancing teams towards action by developing focused analyses and synthesizing implications as required
  • Build a body of knowledge and institutional positions on recurring asset management issues
  • Build thematic views on key sectors of interest to the I&RR team that will lead to deeper understanding of the space and drive potential investment opportunities

 

Due Diligence

  • Work as an integrated part of deal teams, supporting the diligence of commercial, governance, human resource, and ESG aspects of prospective investments
  • Prepare due diligence questions for prospective investments and scope for external advisors
  • Synthesize findings as key drivers and scenarios for valuation models as well as in preparation of executive-level investment memos and presentations

 

WHY APPLY TO JOIN BCI

With our values as our anchor, it’s our people that help shape employee-focused initiatives and who create the environment we work in each day – all of which further strengthens our culture. BCI has been recognized as one of Canada’s Top 100 Employers – for the fourth consecutive year – and has built programs and benefits to support all our employees, including;

  • Extended health and dental coverage start on your first day of work. We have you covered!
  • Eligibility to the defined benefit BC Public Service Pension Plan providing you with a secure retirement income.
  • Time off includes: 20 days’ vacation, 6 paid sick days, 6 paid personal days, and 2 paid days for volunteering – to support physical, mental, and community health.
  • A hybrid schedule offering you the flexibility to work from home up to two days a week.
  • Annual wellness allowance to support an active lifestyle well as physical well-being when working at home.
  • On-going learning through our in-house mentoring program, professional dues support, tuition reimbursement, and online and in-house learning.
  • As a pilot program in 2023, we are offering ‘work from anywhere in the world for up to 1-month’.
  • Our telehealth provider Dialogue connects you and your family to virtual healthcare appointments.

 

Our recruitment process requires that the successful candidate agrees to undergo a criminal record search, education and designation verification; to provide a declaration of no previous or current criminal status; and to comply with our corporate Code of Ethics & Professional Conduct.

At BCI, we value diversity and believe in fostering an inclusive culture where all employees can be successful. We are performance and client focused and value integrity; if you share these values, we want to know you. We recognize that some skills can be learned on the job and encourage all to apply.

If you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations), contact us at hr@bci.ca.