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 to 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...
- About BDC Capital & the Fund Investments Team_

BDC Capital is the investment arm of BDC, Canada’s bank for entrepreneurs. With over $6 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms.

The BDC Capital Fund Investments team manages ~ $2Billion in fund commitments is Canada’s largest and most active Venture Capital fund investor, having invested in over 40% of all venture capital funds in Canada. The team has a dual mandate of investing in high performing, established managers while supporting the next generation of Emerging GPs contributing to the depth and diversity of the Canadian GP ecosystem.

POSITION OVERVIEW

CHALLENGES TO BE MET
- Deal Support and Execution_- Evaluate a fund investment’s merits based on trends in the fund’s target markets and verticals, performance of similar funds, and general characteristics such as average deal sizes, total fund size, portfolio companies, years in the market, management fees and amount of reinvested capital- Manage operational tasks in due diligence such as booking meetings, background research, and minute taking- Review valuation models and financial pro forma’s 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)- Assist in reference calls with fund managers, and referring sources such as industry experts, and prospect fund’s portfolio companies- Conduct routine background checks, KYC (Know Your Client) and AML (Anti Money Laundering)- Assist senior team members in writing investment memo’s and other matters as required on an ad-hoc basis
- Portfolio Management & Support_- Monitor portfolio performance, comparing performance to forecasts and models, and relaying potential opportunities and issues to management- Participate occasionally in investee fund advisory committee meetings as an observer, keeping abreast of developments and escalating relevant information to Directors- Check and review calculations and adequacy of management fees, partner fees, and carry accrued by the investee fund- Conduct mark-to-market tasks to support the portfolio’s fair value reporting, using the Fund Investments’ access to ecosystem data

WHAT WE ARE LOOKING FOR
- Typical Background_- 1 to 3 years of experience in a role involving financial analysis and private investments experience, These profiles are likely to come from, but are not limited to:
- Finance roles: venture capital, private equity, accounting firm-
- Advisory roles: consulting, corporate development-
- Bachelor’s degree in Commerce, Economics, Science, Technology, Engineering or Mathematics (STEM). Other profiles will be considered, if the professional has strong analytical skills- CFA charter or progress towards it would be an asset- Previous funds investment experience as a limited partner will be valuable
- Technical Knowledge_- Good skills in Excel, particularly in building financial models that include sensitivity analysis and scenario modeling, as well as performing data analysis. Knowledge of any other analytic tools, such as Bloomberg, Capital IQ, etc are an asset- Strong English language writing skills with ability articulate complex logical and financial analysis into written memos-
- Technology skills such as Python and/or VBA coding will be an asset,- Support other team members as appropriate during the life-cycle of an investment- Ensure that the investment research files, and other collected information, including legal documentation, are maintained in conformity with our 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- Leverage Fund Investment’s extensive dataset of funds and underlying companies to contribute to the fund investment team’s int