Principal/Senior Principal, Private Debt

Description The 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 Debt The 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 bringA relevant undergraduate/graduate university degree5-7 years (Principal)/7+ years (Sr. Principal) experience in private debt, investment banking, M&A, private equity, management consulting, deal/financial advisory or rating agenciesDecisiveness and the ability to form and defend independent credit opinionsStrong financial modeling, research and analytical skillsSound judgment and the ability to work independentlyExperience with leveraged loans, middle market debt and/or high yield bondsExperience or knowledge of loan settlement processMBA/CFA designation or actively working towards itWhat you get to doInvestment Analysis and ExecutionWorks as an integrated part of deal teams, supporting the diligence of commercial, financial, tax, legal and ESG aspects of prospective investmentsConducts and documents fundamental and relative value research on both private and public marketsSynthesizes findings, key analysis and supporting documents in an organized and documented mannerWrites effective screening, deal alert and investment memorandums. Delivers persuasive oral and written investment recommendations and rationale to the Principal Credit Investment CommitteeInteracts effectively with third party advisors as well as with BCI internal groups (e.g., Legal, Tax, Risk)Portfolio Monitoring and OversightMonitors 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 developmentsSystematically develops objective and rigorous views on the long-term health and risk of companies within the portfolioWhere 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 - $165,000Senior 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 .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.