Director, Private Investments

Who we are:

Provident10 is the largest pension plan in Newfoundland and Labrador and one of the largest pension plans in Atlantic Canada – representing 1 in 9 Newfoundlanders and Labradorians. Our team proudly oversees the pension administration and investment management of the over $12 billion Public Service Pension Plan Fund.

What it's like to work at Provident10

We're proud to have been named one of Atlantic Canada's Top Employers in 2025, for the fourth year in a row We earned the designation by focusing on elevating the employee experience and making Provident10 a great place to work.

We're committed to offering a total rewards program to employees, including:

• Membership in a defined benefit pension plan with employer matched contributions. Vested members of the Public Service Pension Plan can rest assured knowing that they will receive a predictable retirement income for life, without having to worry if their benefits will run out or be terminated.
• Comprehensive health and dental plan, including new initiatives driven by a health & wellness committee, like in-house vaccination clinics and mental health support programs.
• Learning and development program focused on supporting employees in reaching their career goals.
• Maternity leave top-up program for new and expecting parents.
• Performance management program with the potential for annual salary increases and a short-term incentive.
• Progressive annual leave program with a minimum of 15 paid days.

The Opportunity

As a trusted investment leader, the
Director, Private Investments
plays a pivotal role in shaping the long-term financial strength and sustainability of the organization.

Reporting to senior leadership and working closely with the Investment Committee and Board of Directors, this individual will provide strategic direction, portfolio oversight, and thought leadership across a diversified investment portfolio.

The Director, Private Investments will lead the design, execution, and continuous enhancement of investment strategies that align with the organization's mission, risk appetite, and performance objectives. This includes overseeing manager due diligence, compliance, and monitoring frameworks; identifying new opportunities across asset classes; and ensuring that all investment activities reflect best-in-class governance and responsible investing practices, including ESG integration.

A key part of this role is cultivating and managing relationships with external investment managers, fund advisors, custodians, and internal teams to ensure effective execution of investment mandates and seamless collaboration across stakeholders. The Director, Private Investments will oversee all aspects of manager selection, contract negotiation, performance evaluation, and transition management, ensuring that each partnership advances the organization's investment goals and fiduciary standards.

In collaboration with internal finance and risk functions, the Director, Private Investments will lead robust performance analysis, governance reporting, and compliance oversight. They will prepare and present high-quality reports and recommendations to senior leadership, the Investment Committee, and the Board translating complex data into strategic insights that inform decision-making and strengthen accountability.

Beyond day-to-day oversight, the Director, Private Investments will contribute to a culture of research and continuous improvement. They will maintain a disciplined research agenda that monitors global market conditions, economic trends, regulatory developments, and emerging investment opportunities. They will also play a lead role in reviewing and refining investment policies and procedures, driving innovation, efficiency, and excellence in investment operations.

As a people leader, the Director, Private Investments will mentor and develop a talented investment team, fostering a collaborative, high-performance culture built on integrity, professional growth, and shared success. They will encourage innovation, build capacity, and ensure that the team remains agile and future-focused in a dynamic and evolving investment environment.

What you'll bring to the role:

• Undergraduate degree in Finance, Commerce, Economics, or a related discipline.
• Graduate-level credentials, such as an MBA, CPA, CAIA, CFA, or equivalent considered an asset.
• Minimum of 7–10 years of investment-related experience, ideally within a pension fund, asset management firm, or similar institutional investment environment.
• Demonstrated experience in manager selection, portfolio oversight, and investment operations.
• Comprehensive and demonstrated strategic knowledge and foresight of a wide range of private asset classes: real estate, infrastructure, farmland, hedge funds, private debt, and private equity
• Comprehensive oversight knowledge of key due diligence considerations, performance, and risk reporting for the above asset classes
• Ability to develop and execute a comprehensive quarterly oversight report summarizing key qualitative due diligence findings and quantitative metrics for the noted asset classes.
• Comfort and proven ability to present the report and findings to the Investment Committee.
• Proven experience supervising mentoring and developing junior staff supporting private asset classes.
• Foresight to consider future evolution from discretionary models to non-discretionary models where feasible.

This is an exceptional opportunity for a strategic investment professional who brings both analytical rigor and leadership acumen; someone who is passionate about building resilient portfolios, advancing responsible investment practices, and contributing to the long-term success of a mission-driven organization.

At Provident10, diversity is the cornerstone of our culture. Just like a well-balanced investment portfolio is key to financial success, having a diverse team is essential for our growth and resilience. We are committed to fostering an environment where every individual feels valued, respected, and empowered to contribute their unique perspectives. We actively promote diversity in our workplace, provide equitable opportunities for growth, and support initiatives that advance inclusion and belonging. Our dedication to diversity, equity, inclusion and belonging ensures that we not only thrive as a company but also contribute positively to our community, our members, and our industry.