The Public Sector Pension Investment Board (PSP Investments) is a Canadian Crown corporation established by an act of Parliament in September 1999. PSP Investments is one of Canada’s largest pension investment managers, with CAD $244 billion of net assets under management as at March 31, 2023. It invests funds for the pension plans of the Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force. Details below.
ABOUT YOUR ROLE
As a Senior Analyst, Real Estate Investments, you’ll:
- Collaborate with investment managers in the analysis of potential real estate transactions across all asset classes including residential, office, retail, and industrial assets, and transactions in various forms: direct asset transactions, corporate transactions, secondary share, private funds, etc.
- Act as a lead in the development of financial models related to real estate investments (debt or equity) in collaboration with analysts and senior analysts
- Analyze cash flows and project returns
- Analyze the impact of different assumptions on performance: revenue, operating expenses, financing, tax, fees, etc.
- Analyze investment risks
- Analyze the asset’s operating budget and financial statements
- Analyze the partnership structure
- Participate in presenting investment opportunities at weekly Global Real Estate Committee meetings
- Participate to the due diligence process
- Summarize and follow up on external reports (physical, environment, financial, legal, tax, insurance and other reports)
- Participate in drafting administrative documents
- Business plans for the various assets, presentations to PSP Investments’ Board of Directors, etc.
- Collaborate with investment managers in active management of PSP Investments’ Real Estate portfolio
- Research, synthesize and analyze the real estate markets by asset type and by geography for targeted market and asset classes. Periodically follow up on the real estate business plans and analyze variances from the presented budgets
- Analyze and monitor real estate market values
- Monitor real estate indexes
Some travel may be required.
WHAT YOU’LL NEED
- Strong writing skills
- Strong interest for the field of real estate investment
- Strong financial analytical skills
- Ability to build good relationships internally, as well as externally
- Ability to manage a number of different projects at any given time and to manage deadlines
- Good attention to detail and presentation of information
- Outgoing self-starter; high level of autonomy
- Proactivity, forward thinking and drive for results
- Strong team player
- Organized and methodical
- Flexibility and adaptability
- Work ethics and professional integrity
- Bachelor’s degree in finance, Economics or Real Estate combined with strong analytical skills
- M.Sc. in Finance, MBA, CA or CFA/IA designation are assets
- One (1) to three (3) years of relevant experience
- Experience in analysis of real estate transactions, a definite asset
- High level of proficiency with computer tools such as MS Office (most specifically Word, Excel and PowerPoint)
- Knowledge of ARGUS and @risk software, an asset
- Good communications skills in English
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
- Competitive pension plans
- Unlimited access to virtual healthcare services and wellness programs
- Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers
- A personalized family-building support, from pre-pregnancy to menopause, with available financial assistance
- Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off
*Benefits package may vary based on your employee type.
At PSP Investments, we aim to provide a workplace 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.
Visit us on www.investpsp.com/en/
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Message from Allocator Jobs: To help prepare you for this role, take a look at the Institutional Allocator (IA) program from our partnership organization, the Allocator Training Institute. The IA program curriculum gives you a solid foundation of investing from the allocator’s perspective. You’ll learn how to evaluate investment managers, create an ‘endowment-model’ multi-asset class portfolio, and the quantitative tools necessary to succeed in the role. The three-part program can be completed in less than one year and exams are available every quarter-end month. This is the program that will help you start and then accelerate your allocator career. Reach out if you have any questions.
