Analyst, Canada Growth Fund Investment Management

ABOUT US

We’re one of Canada’s largest pension investment managers, with CAD$264.9 billion of net assets as of March 31, 2024.

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 investment vehicle that was established to support the growth of Canada’s clean economy. As the investment manager of CGF, PSP Investments will provide the full suite of investment management services to CGF, covering the entire investment and asset management lifecycle.

EXPERIENCE THE EDGE

At PSP, we encourage our employees to grow, forge powerful relationships, contribute and fuel inspired investment launchpads. We are committed to a culture that fosters collaboration and allows us to think beyond, in an interconnected way. We advocate for our employees to speak-up, learn, experiment, share, and be part of an

inclusive work environment

where diversity is embraced.

ABOUT THE TEAM

The Canada Growth Fund Investment Management (CGFIM) Team is a new team created within PSP to manage the C$15 billion 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.

Size of the team:
The team currently consists of approximately 24 professionals and is growing to support the execution of CGF’s mandate.

ABOUT YOUR ROLE

As an Analyst, CGFIM in our Montreal office, you will work with a team of highly motivated professionals who will pursue investments aimed at decarbonizing Canada, scaling Canadian clean tech champions, and achieving other objectives that are critical to the CGF 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.

Main responsibilities- Support all aspects of the investment process: assess investment opportunities, execute transactions, and be involved in asset management- Actively 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 awareness- Analyze and review key trends in the energy transition, conduct ad hoc deep dive research, prepare supporting analysis, interact with industry experts- Keep abreast of important industry developments and publications and disseminate relevant information to the rest of the team- Participate in the investment appraisal process (contribute to the build-up of detailed operational and financial models, determine and substantiate key valuation assumptions, conduct sensitivity analysis on main value drivers)- Participate in key due diligence activities conducted on target companies, including review of the work performed by third-party advisors (commercial, environmental, technical, legal, financing, accounting, tax, environmental, etc.)- Develop critical judgement to form a view on an appropriate expected return, commensurate with the level of risk embedded in the underwritten business plan- Research relevant public information available on listed comparable companies and precedent transactions, use key findings to benchmark valuation- Assist deal teams in the determination of material ESG factors and calculation of impact metrics, including avoided emissions and economic benefits associated with transactions- Participate in the preparation of investment memorandums and presentation of recommendations to the investment committees- Support the monitoring and reporting on the performance of Portfolio Investments- Develop new and cultivate existing network, if any, of industry contacts to improve access to information for the entire team

Note: The position may require travel, mainly within Canada.

WHAT YOU’LL NEED- Bachelor’s degree in business, Finance or related fields- Professional designation such as CFA considered an asset- A minimum of two (2) internships with relevant fin