Associate, Canada Growth Fund Investment Management

ABOUT USWe’re one of Canada’s largest pension investors, with CAD$299.7 billion of net assets as of March 31, 2025.We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before. In Budget 2023, the Government of Canada announced that PSP Investments would act as the independent and exclusive investment manager for the Canada Growth Fund (CGF) a $15 billion public investment vehicle that was established to support the growth of Canada’s clean economy and help to meet its national economic and climate policy goals. Following this, PSP Investments has incorporated CGF Investment Management (CGFIM) for that purpose. CGFIM is providing the full suite of investment management services to CGF covering the entire investment process pursuant to an Investment Management Agreement (IMA).ABOUT THE TEAM The Canada Growth Fund Investment Management (CGFIM) Team is a new team created within PSP to manage the C$15bn Canada Growth Fund. CGF’s mandate is to catalyze substantial private sector investment in Canadian low-carbon projects, technologies, businesses, and supply chains by deploying innovative funding structures that help mitigate certain risks and uncertainties inherent to investing in the low-carbon economy. CGF will be investing in Canadian projects and companies across themes such as carbon capture, hydrogen, renewable natural gas, clean technology, and critical minerals.ABOUT YOUR ROLEAs an Associate, CGFIM in our Montreal office, you will work with a team of highly motivated professionals who will pursue investments in large-infrastructure projects that are critical to Canada, scaling Canadian clean tech champions, and achieving other objectives that are critical to the Canada Growth Fund mandate. You will be involved in all aspects of the investment process including research, origination, due diligence and analysis of investment opportunities, financing and asset management.As an Associate, CGFIM, you will:Assess investment opportunities, execute transactions, and be involved in asset managementActively participate in the energy transition industry in Canada: develop relationships with strategics and investors, attend industry/banker meetings, build sector knowledge, and maintain ongoing market awarenessAnalyze and review key trends in the energy transition, conduct ad hoc deep dive research, prepare supporting analysis, interact with industry expertsKeep abreast of important industry developments and publications and disseminate relevant information to the rest of the teamParticipate in the investment appraisal process (build detailed operational and financial models, determine and substantiate key valuation assumptions, conduct sensitivity analyses on main value drivers)Participate in or lead key due diligence activities conducted on target companies, including coordination and review of the work performed by third-party advisors (commercial, environmental, technical, legal, financing, accounting, tax, environmental, etc.)Form a view on an appropriate expected return, commensurate with the level of risk embedded in the underwritten business planResearch relevant public information available on listed comparable companies and precedent transactions, use key findings to benchmark valuationAssist deal teams in the determination of material ESG factors and calculation of impact metrics, including avoided emissions and economic benefits associated with transactionsParticipate in the preparation of investment memorandums and presentation of recommendations to the investment committeesActively monitor and report on the performance of Portfolio InvestmentsDevelop new and cultivate existing network of industry contacts to improve access to information for the entire teamNote: The position requires travel within Canada and potentially internationally.WHAT YOU’LL NEEDBachelor’s degree in a relevant field. Master’s degree in a relevant field, an assetCPA, MBA, CFA, CBV is an assetTwo (2) to five (5) years of relevant financial analysis, accounting, modelling, valuation and/or transactional experience in consulting or investment banking services, financing, investing or corporate developmentExperience in sustainable energy, clean tech, infrastructure and/or conventional energy sectors, considered an assetSolid understanding of financial statements, excellent analytical skills, and sound critical judgementBeing a team player who enjoys a high-performance cultureStrong interpersonal skills and ability to communicate effectivelyA respect for differences of opinion and an inclusive mindsetHigh level of proficiency with Microsoft Office Tools (more specifically Excel, Word and PowerPoint) and financial analytical tools and databases such as Capital IQ and BloombergBilingualism: English and French 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 developmentComprehensive group insurance plansCompetitive pension plansUnlimited access to virtual healthcare services and wellness programsGender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregiversA personalized family-building support, from pre-pregnancy to menopause, with available financial assistanceVacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons offA hybrid work model with a mix of in-office and remote daysFollow us on #LI-GR1