INVESTMENT ANALYST – FUND INVESTMENTS

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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.

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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

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A hybrid work model that truly balances work and personal life

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With more than $6 billion under management, BDC Capital is the investment arm of BDC, serving as a strategic partner to Canada’s most innovative and high potential firms. BDC Capital is the largest and most active technology investor in Canada. It offers a range of equity, venture capital and flexible growth and transition capital solutions to help Canadian entrepreneurs scale their businesses into global champions. Further, the BDC recently announced a $6 Billion Defence Platform to support small-and-medium sized enterprises in the defence sector. To find out more, visit bdc.ca/capital.

POSITION OVERVIEW

Reporting to the Director, Fund Investments, the Investment Analyst will join the BDC Fund Investments team as an early-career professional and will help evaluate and invest in potential deals and assist with the monitoring our portfolio. In this role you will research and perform analysis for prospective and current fund investments. You are expected to leverage your sharp analytic skills and be able to work alongside experts on a variety of markets and subjects.

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 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 memos 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 senior team members

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

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

Fair ability to use other MS-suite applications, mainly Word and PowerPoint

Technology skills such as Python and/or VBA coding will be an asset

Behavioral Traits

Supportive, helpful attitude – willingness to take on a variety of tasks and projects

Ability to work collaboratively and build positive relationships with stakeholders

Willingness to learn and take feedback constructively

Comfort working in a fast-paced environment, where multiple objectives must be met within tight deadlines

Bilingualism in French and English is an asset and is strongly encouraged for Montreal based positions

Proudly one of Canada’s Top 100 Employers and one of Canada’s Best Diversity Employers, we are committed to fostering a diverse, equitable, inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application, please do not hesitate to contact us at accessibility@bdc.ca.

While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.