ASSOCIATE/SENIOR ANALYST FUND INVESTMENTS

We are banking at another level. Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs. Choosing BDC as your employer also means: Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a few In addition paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1 A hybrid work model that truly balances work and personal life Opportunities for learning, training and development, and much more... Explore the BDC Way in our Culture Book POSITION OVERVIEW Associates/Senior Analysts join one of our teams as an early specialist in investment finance, to lead parts of the process of evaluating potential deals and of managing BDC Capital’s current portfolio. In this role, will lead one or a few simultaneous investment analysis workstreams, support the team in networking activities, and monitor a portfolio of investments that ultimately shape the future of Canadian economy. You will cover strategic topics such as markets, industries, ecosystems, and competition, as well as operational ones, such as financials, management, and products. You are expected to combine sharp analytic skills and business sense to leverage the input of experts on a variety of market and industrial subjects. CHALLENGES TO BE MET Platform Building • Assist in managing the deal pipeline, quarterly/bi-annual reports, and providing financial analysis • Support other team members as appropriate during the development stage of an investment • Ensure that the investment research files, business plans and other collected information are maintained in conformity with BDC’s policies and procedures • Ensure that new and existing investment files are properly documented by monitoring investments, amendments, and disbursements, including performance benchmarks and capital calls • Support other team members as appropriate during the development stage of an investment, covering Analyst or other Associates’ tasks when team is short-staffed • Leverage research work and the Fund Investment’s extensive dataset of funds and underlying companies to draw unique insights, helping the team build its intellectual capital and thought leadership Deal Sourcing • Maintain the fund’s relationships in informal conversations with fund managers and LPs at occasional investment community or industry events, relaying any relevant information upwards • Maintain involvement in associations within the investment community, and keep abreast of significant developments, activities, and initiatives in the industry • Perform market research and scouting to inform the fund’s investment strategy, identifying emerging markets, verticals, or technologies • Conduct initial review of fund prospect, supporting initial communications with funds and referring sources and drafting an alignment memo with recommendations to pursue or decline Deal Making • Review valuation models and financial pro formas of fund performance, benchmarking various fund-specific metrics (e.g. TVPI, DPI, Fund IRR, RVPI), and portfolio-specific metric (e.g. portfolio history, considering exit dates, exit rationales, value add, MOIC and IRR per company) • Draft full 10-pager Investment Memos • Support Directors leading a deal, during presentations to the Investment Board • Conduct reference calls with fund managers, and referring sources such as industry experts, and prospect fund’s portfolio companies • Develop and maintain appropriate information resources and subject matter expertise in various industries, markets, and business trends • Follow-up on investments using appropriate data bases, customer interaction, internet sites, research reports and other investment resources • Validate, audit and fact-check information provided by funds • Produce Investment Memos and support Directors in presenting opportunities to the Investment Committee • Review and comment on legal agreements negotiated by the deal’s lead Portfolio Management & Support • Support fund Directors in providing investee fund managers with guidance on fund governance best practices and best-in-class fund formation techniques • Conduct mark-to-market tasks to support the portfolio’s fair value reporting, using the Fund Investments’ access to ecosystem data • Monitor portfolio performance, comparing performance to forecasts and models, and relaying potential opportunities and issues to management • Participate occasionally in investee board meetings as an observer, keeping abreast of developments and escalating relevant information to Directors WHAT WE ARE LOOKING FOR Typical Background • 3 to 5 years of experience in a role involving structured thinking, financial analysis, and technical expertise. These profiles are likely to come from, but are not limited to: • Finance roles: venture capital, private equity, investment bank, accounting firm • Operator roles: technology startup, industry-leading corporation, industry specialist • Advisory roles: consulting, law, corporate strategy, corporate development • Bachelor’s degree in Commerce, Economics, Science, Technology, Engineering or Mathematics (STEM). Other degrees are viable, if the professional has strong analytical skills • A post-graduate degree or equivalent certification, completed or in course, is valuable. Typical post-graduate credentials are likely to be, but are not limited to: • Master’s in business administration (MBA) • Other STEM Master’s or PhD degree • Chartered Financial Analyst (CFA) Technical Knowledge • Good skills in Excel, particularly in building financial models that include sensitivity analysis and scenario modeling, as well as performing data analysis. Any other analytic tools and techniques are an asset • Good ability to problem-solve using structured thinking and communication techniques • Good ability to use other MS-suite applications efficiently, mainly Word and PowerPoint • Ability to intervene pertinently in the context of a presentation to executive audiences • Ability to write an Investment Memo that is clear, concise, and eloquent • Any technology skills with wide application, such as coding, chemistry, electronics are an asset • Operational knowledge of any technical industry is an asset • Bilingualism in French and English is an asset Behavioral Traits • Supportive, helpful attitude – willingness to proactively identify gaps and jump-in to fill them • Motivation and ability to do focused, independent work, in the context of a team • Ability to work collaboratively and build positive relationships with stakeholders • Continuous learning attitude, with maturity to take feedback constructively • Openness to share knowledge and advice with less experienced colleagues • Comfort working in a fast-paced environment, where objectives must be met within tight deadlines Proudly one of Canada’s Top 100 Employers and one of Canada’s Best Diversity Employers, we are committed to fostering a diverse, equitable, inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application, please do not hesitate to contact us at accessibility@bdc.ca. While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted. #J-18808-Ljbffr