Associate, Infrastructure Investments

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.

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

As an Associate, Infrastructure Investments in our London office, you will work with a team of highly motivated professionals who pursue investments and manage a portfolio of infrastructure assets globally. 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.

ABOUT YOUR ROLE

As an Associate, Infrastructure Investments, you’ll:
Assessment of Infrastructure Investment Opportunities and Transaction Execution- Conduct analysis of investment opportunities and assess investment thesis including key merits and risks- Assess target companies’ historical and projected financial information, strategic positioning and value proposition, industry dynamics, regulatory environment and other pertinent factors- Prepare, support and recommend equity valuation for target companies:
- Build detailed operational and financial models for DCF valuation, determine and substantiate key valuation assumptions, conduct sensitivity analyses on main value drivers-
- 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-
- Participate in or lead key due diligence activities conducted on target companies, including coordination and review of the work performed by third-party advisors (commercial, legal, financing, accounting, tax, environmental, etc.)- Participate in the preparation of investment memorandums and presentation of recommendations to the investment committees

Monitoring and Active Management of Portfolio Investments- Monitor periodic financial and operating results and explain management plan variance- Prepare various ad hoc analyses of portfolio companies’ performance and trajectory- Support and participate in the portfolio companies’ periodic valuation process- Work alongside management teams to assess and execute investment opportunities, capital projects or refinancing activities pursued by portfolio companies- Support review of portfolio companies’ strategic alternatives and exit opportunities

Supporting Business Development Initiatives- Keep abreast of important industry developments and publications and disseminate relevant information to the rest of the team- Analyze and review key trends in existing and emerging infrastructure sectors, conduct ad hoc deep dive researches, prepare supporting analysis, attend conferences, interact with industry experts- Develop new and cultivate existing network of industry contacts to improve access to information for the entire team

Note: the position requires travel.

WHAT YOU’LL NEED

In more detail, here’s what we’re looking for:
- Bachelor’s degree in a relevant field. Master’s degree in a relevant field, an asset- Three (3) to five (5) years of relevant financial analysis, accounting, modelling, valuation and/or transactional experience in consulting or investment banking services, financing, investing or corporate development- Experience in the infrastructure and/or energy sectors, considered an asset- Solid understanding of financial statements, excellent analytical skills and sound critical judgement- Being a team player who enjoys a high-performance culture, ability and desire to coach junior resources- Strong interpersonal skills and ability to communicate effectively- High level of proficiency with Microsoft Office Tools (more specifically Excel, Word and PowerPoint) and financial analytical tools and databases such as Capital IQ and Bloomberg- Excellent communication skills in English. This involves engaging in regular interactions in English with other institutional invest