PSP Investments
Analyst / Senior Analyst, Credit Investments
PSP Investments, Montreal, QC
ABOUT US
We're one of Canada's largest pension investment managers, with CAD$264.9 billion of net assets as at 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.
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
PSP's Credit Investment (CI) group currently manages a global portfolio of ~USD19 billion (over 100 portfolio companies) with plans to grow its asset base. The team has over 35 investors across our NY, London, and Montreal offices. The CI group is known to be a reliable, creative, and user-friendly financing solutions provider across a wide range of industries. The team develops long-term partnerships with top tier private equity sponsors, other large direct lenders, and companies. CI provides significant financing and capital commitments in both private and broadly syndicated transactions and has the flexibility to price risk across the capital structure. Products include 1st and 2nd lien, unitranche, delayed-draw, and unsecured term loans as well as revolvers, private or public high yield notes, HoldCo, PIK or cash-pay notes, and preferred equity. CI works within our "One PSP" culture across asset classes to optimize relationships and investments.
ABOUT YOUR ROLE
As an Analyst / Senior Analyst, you will broadly focus in two core areas:
Investment Analysis & Transaction Underwriting:
Monitoring & Administration of Investments:
WHAT YOU'LL NEED
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:
*Benefits package may vary based on your employee type.
At PSP, we aim to provide an inclusive workplace where we leverage diversity and where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.
Visit us on www.investpsp.com/en/
Follow us on LinkedIn
#LI-AB2
We're one of Canada's largest pension investment managers, with CAD$264.9 billion of net assets as at 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.
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
PSP's Credit Investment (CI) group currently manages a global portfolio of ~USD19 billion (over 100 portfolio companies) with plans to grow its asset base. The team has over 35 investors across our NY, London, and Montreal offices. The CI group is known to be a reliable, creative, and user-friendly financing solutions provider across a wide range of industries. The team develops long-term partnerships with top tier private equity sponsors, other large direct lenders, and companies. CI provides significant financing and capital commitments in both private and broadly syndicated transactions and has the flexibility to price risk across the capital structure. Products include 1st and 2nd lien, unitranche, delayed-draw, and unsecured term loans as well as revolvers, private or public high yield notes, HoldCo, PIK or cash-pay notes, and preferred equity. CI works within our "One PSP" culture across asset classes to optimize relationships and investments.
ABOUT YOUR ROLE
As an Analyst / Senior Analyst, you will broadly focus in two core areas:
Investment Analysis & Transaction Underwriting:
- Participate in due diligence of CI investments, identify key investment merits and risks, meet with management teams, review data-room documentation, and third-party reports
- Act as lead in building and reviewing detailed financial models, including running and analyzing multiple operating scenarios
- Perform preliminary analysis of CI investment opportunities: review equity, fixed income, and ratings reports as well as public information and existing credit documents
- Assist the team in drafting legal documentation, such as commitment papers
- Participate in the preparation of investment recommendation memorandums for investment decisions
- Actively participate in the presentation of investment proposals to the Investment Committee
- Interface with Legal, Risk, and Tax groups in the review of proposed investments
- Develop relationships and liaise with investment professionals at CI's partner firms
Monitoring & Administration of Investments:
- Review financial report packages from portfolio companies and explain variance vs. underwritten cases, as well as track performance vs. internal Risk Management Group ("RMG") guidelines
- Prepare periodic reports and undertake various analyses on portfolio status and performance
- Interface with Accounting and Internal Control department as required
- Any other tasks as may be required
WHAT YOU'LL NEED
- One (1) to three (3) years of experience performing the above tasks in investment banking, leveraged finance, or on the buy-side
- Education: Business or comparable university degree with high academic standing
- Professional designation: CA or MBA and/or completed final level of CFA designation is an asset
- Direct credit investing or advisory experience is an asset
- Excellent financial and accounting analytical skills
- Precise attention to detail and presentation of information
- Superior level of proficiency with business software and analytical tools, including Excel, Word, and PowerPoint
- Good communications skills in English and French (or willingness to learn) (regular interactions in English with investment partners based outside of Quebec Example: peers, bankers, brokerage firms, etc. and PSP employees in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)
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 development
- Comprehensive group insurance plans
- Competitive pension plans
- Unlimited access to virtual healthcare services and wellness programs
- Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers
- Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off
- A hybrid work model with a mix of in-office and remote days
*Benefits package may vary based on your employee type.
At PSP, we aim to provide an inclusive workplace where we leverage diversity and where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.
Visit us on www.investpsp.com/en/
Follow us on LinkedIn
#LI-AB2