Principal/Senior Principal, Private Debt

Principal/Senior Principal, Private Debt page is loaded## Principal/Senior Principal, Private Debtlocations: Victoria, BCtime type: Full timeposted on: Posted 6 Days Agojob requisition id: JR101379With $295.0 billion of gross assets under management, as of March 31, 2025, 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.Headquartered in Victoria, British Columbia, and with teams spanning Vancouver, New York, London, and Mumbai.BCI integrates environmental, social, and governance (ESG) factors into all investment decisions to meet clients' risk and return requirements. Our people shape employee-focused initiatives, creating a strong culture. To learn more about our culture and values, visit our page.## Position closing date: February 5, 2026## Please note: This role is open to candidates with Principal or Senior Principal experience.## The OpportunityReporting to the Managing Director, the Principal/Senior Principal plays a key role in evaluating and managing private debt investments and external fund commitments. The Principal/Senior Principal’s activities include screening, due diligence and supporting the execution of new investments, ongoing monitoring of existing investments, participating in various projects, and staying abreast of trends in private credit and syndicated loan markets.## Department DescriptionThe Capital Markets & Credit Investments (CM&CI) department manages C$165 billion of capital markets and credit investments (56% of total net AUM of BCI). The assets are managed through a variety of Credit, Equities, Fixed Income, Derivatives and Absolute Return Strategies. The department invests globally with investment teams located in BCI’s global offices (i.e., Victoria, Vancouver, New York and London). As a leader in responsible investing, the department actively integrates ESG factors into investment analysis and decision-making processes. ## Private DebtThe Principal Credit (Private Debt) Fund was launched in April 2018 and manages approximately $19.4 billion in assets. The Fund has a non-investment grade global mandate but will primarily invest in U.S. companies. The portfolio is expected to grow significantly over the coming years, with an increased emphasis on direct investment.## What you bring## *Must have:** A relevant undergraduate/graduate university degree* 5-7 years (Principal)/7+ years (Sr. Principal) experience in private debt, investment banking, M&A, private equity, management consulting, deal/financial advisory or rating agencies* Decisiveness and the ability to form and defend independent credit opinions* Strong financial modeling, research and analytical skills* Sound judgment and the ability to work independently### ## *Preferred:** Experience with leveraged loans, middle market debt and/or high yield bonds* Experience or knowledge of loan settlement process* MBA/CFA designation or actively working towards it## What you get to do**Investment Analysis and Execution*** Works as an integrated part of deal teams, supporting the diligence of commercial, financial, tax, legal and ESG aspects of prospective investments* Conducts and documents fundamental and relative value research on both private and public markets* Synthesizes findings, key analysis and supporting documents in an organized and documented manner* Writes effective screening, deal alert and investment memorandums. Delivers persuasive oral and written investment recommendations and rationale to the Principal Credit Investment Committee* Interacts effectively with third party advisors as well as with BCI internal groups (e.g., Legal, Tax, Risk)**Portfolio Monitoring and Oversight*** Monitors assigned investments, identifying relevant opportunities and risks including: tracking/evaluating performance metrics, ongoing review against original investment thesis, ongoing strategic fit, significant changes impacting the company, valuation issues and industry developments* Systematically develops objective and rigorous views on the long-term health and risk of companies within the portfolio## Where you will workThis role will be based in our office in downtown Victoria, BC. ## Salary rangeThe annualized base salary range for this Victoria-based role is:* Principal - CAD $135,000 - $165,000* Senior Principal - CAD $158,000 - $183,000.BCI offers a competitive total rewards package, including a performance-based incentive plan, comprehensive health & dental benefits, a defined benefit pension plan, and paid time off. We pay our people competitively in the markets in which we operate and with consideration for internal equity and job structure. The base salary will consider factors such as the individual's skill set, experience, and internal equity. We aim for actual pay to be around the market median for expected performance and the upper quartile for excellent performance. Actual salaries may vary based on experience and expertise.**Next Steps:**To apply online, please submit your resume promptly. Applications will be actively reviewed, and those selected for an interview will be contacted. We welcome all qualified candidates who are legally authorized to work in the country where this job is located. If you do not have authorization, or if your work permit has restrictions or is due to expire within 12 months, please inform our recruitment team if shortlisted.At BCI, we value diversity and foster an inclusive culture where all employees can thrive. We are performance and client-focused, valuing integrity, and we want to know you if you share these values. We recognize that some skills can be learned on the job and encourage everyone to apply. If you require accommodations for the recruitment process, such as alternate formats of materials or accessible meeting rooms, please contact us at **hr@bci.ca**.**To learn more about working with BCI, including our comprehensive benefits packages, our commitment to equity, diversity and inclusion and the recruitment process visit our** **.**BCI does not accept unsolicited resumes or candidate submissions from third-party recruitment agencies, executive search firms, or staffing suppliers unless they have an existing contractual agreement with our organization. Our approved vendor relationships are established for particular recruitment requirements and do not extend to general job postings on our website or other platforms. Any candidate information or resumes submitted by suppliers not approved by BCI will be deemed unsolicited and will not be reviewed or considered. BCI will not be liable for any fees, commissions, or charges related to unsolicited candidate submissions or recruitment services.### What We OfferWith our values as our anchor, it’s our people who create the environment we work in each day. BCI has been recognized as one of Canada’s Top 100 Employers – for the sixth consecutive year – and has built programs and benefits to support all our employees. To learn more about working with BCI, including our competitive benefits packages, our commitment to equity, diversity & inclusion and the Recruitment process visit our### Our Compensation PhilosophyWe pay our people competitively in the markets in which we compete for talent and with consideration to internal equity and job structure. We aim for actual pay to be around the median of the market for target or expected levels of performance, and around the upper quartile of the market for excellent performance.The philosophy is principles-based and
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