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ASSOCIATE PRINCIPAL

New Job Associate Principal In Quebec

ASSOCIATE PRINCIPAL
ASSOCIATE PRINCIPAL

ASSOCIATE PRINCIPAL

Company : Jobssummary / Indeed
Salary : Details not provided
Location : Quebec

Full Description

No other bank is doing what we do.
At BDC, we help Canada and its entrepreneurs create a prosperous, inclusive and green economy. Our mission is to help Canadian businesses thrive by providing financing, capital and advisory services. We’re devoted to Canadian entrepreneurs. We’re also dedicated to our employees. Adaptable. Inspiring. Different. There’s a reason we like to work here, and we think you’ll like it too. Join BDC and help make a difference!
Diversity. Equity. Inclusion. They’re more than just words for BDC. These concepts are foundational to our success and to our ability to attract, retain, mobilize and develop the right talent, as well as to offer a healthy, professional and collaborative environment. We are committed to cultivating and preserving an environment where all employees can thrive, and, for over a decade, we have been recognized as one of Canada's Top 100 Employers and one of Canada's Best Diversity Employers. In recruiting for our team, we welcome the unique contributions that you can bring in terms of your education, opinions, culture, ethnicity, race, sex, gender identity and expression, nation of origin, age, languages spoken, veteran’s status, color, religion, disability, sexual orientation, beliefs, experiences, and more.
POSITION OVERVIEW
The Associate Principal join one of our funds as a professional committed to the investment career, who will start sourcing potential deals, oversee their due diligence, and take responsibility for their performance in the portfolio.
The Growth Venture Co-Investment Fund (GVCF) team operates within BDC Capital and is focused on growing and scaling the next generation of Canadian venture-backed champions. Currently investing out of the GVCF II 350M$ growth stage fund, our participations range from $5M to 25M in late stage (>$10M in revenues) venture capital backed companies in Canada, across a broad range of technology sectors. The GVCF team currently manages 26 active late stage companies. Total AUM is over 500M$.
In this role, you will develop your ability to lead a deal end-to-end. You will manage key team members in due diligence and investee support, contributing to a portfolio whose investments ultimately shape the future of the Canadian economy. You are expected to understand the big picture of the investment process, represent BDC Capital professionally before its partners, and bridge the ability to coach Analysts and Associates, with the ability to manage upwards and progressively take Partner responsibilities.
CHALLENGES TO BE MET
Deal Sourcing
  • Analyze underlying portfolio of partner funds to identify promising opportunities for follow-on investments and track upcoming fund raises
  • Build and maintain networks within the investment community, acting as an ambassador for the fund, BDC Capital and BDC
Deal Making
  • Coordinate due diligence for new and/or existing investment opportunities by orchestrating analyses such as market, competition, management, sales, products, capitalization tables, and anything that is relevant to determining potential business value and exit strategies
  • Conduct reference calls with competitors, clients, industry experts, and prospect companies’ current or past employees
  • Follow-up on investments using appropriate databases, customer interactions, internet sites, research reports and other investment resources
  • Validate, audit and fact-check information provided by companies
  • Develop and maintain appropriate information resources and subject matter expertise in various industries, markets, and business trends
  • Produce Investment Memos and support Partners in presenting opportunities to the Investment Committee
  • Review and comment on legal agreements negotiated by the deal’s lead
Portfolio Management & Support
  • Assist Partners in managing efficient ongoing relationships with executives of investee companies, promptly responding to all inquiries in a courteous and efficient manner
  • Stand responsible for a few companies to monitor and provide value-added support, taking charge of operational communication, participating in board meetings as an observer, and keeping abreast of developments to escalate critical issues to Partners
  • Monitor portfolio performance, comparing performance to forecasts and models, and relaying potential opportunities and issues to management
  • Assist portfolio companies with introductions (e.g. potential suppliers, investors, employees), governance, financing, strategic planning, marketing, and other operational topics
Platform Building
  • Ensure that new and existing investment research files, business plans, and periodic performance reports provided by companies, as well as any other information collected by the investment team, are maintained in conformity with BDC’s policies and procedures
  • Review quarterly/bi-annual reports and value assessments made by Analysts and Associates, before Partner sign-off
  • Coach Analysts and Associates to ensure the quality of deliverables and support alignment with formal procedures such as KYC, AML, delegation of authority, and capital calls
  • Assist on occasion with recruiting for the team and new employees’ onboarding
  • Support other team members as appropriate during the development stage of an investment, covering Analyst or Associate tasks, such as modeling or compliance, when team is short-staffed
WHAT WE ARE LOOKING FOR
Typical Background
  • 5 to 7 years of experience in a role involving structured thinking, financial analysis, and technical expertise. These profiles are likely to come from, but are not limited to:
    • Finance roles: venture capital, private equity, investment banking, accounting firms
    • Operator roles: technology startup, industry-leading corporation, industry specialist
    • Advisory roles: consulting, law, corporate strategy, corporate development
  • Experience in an industry outside finance can be particularly valuable in some teams
  • Bachelor’s degree in Commerce, Economics, Science, Technology, Engineering or Mathematics (STEM). Other degrees are viable, if the professional has strong analytical skills
  • A post-graduate degree or equivalent certification is valuable. Typical post-graduate credentials are likely to be, but are not limited to:
    • Master’s degree in business administration (MBA)
    • Other STEM Master’s or PhD degree
    • Chartered Financial Analyst (CFA)
Technical Knowledge
  • Thorough understanding of the deal process, from sourcing to due diligence, to portfolio management
  • Strong skills in Excel, particularly in building robust financial models that include sensitivity analysis and scenario modeling, as well as performing complex data analysis. Any other analytic tools and techniques are an asset
  • Good ability to use other MS suite applications efficiently, mainly Word and PowerPoint
  • Good ability to problem-solve using structured thinking and communication techniques
  • Ability to write an Investment Memo that is clear, concise, and eloquent
  • Technology skills with wide application, such as coding, chemistry or electronics can be an asset
  • Operational knowledge of any technical industry is an asset
  • Bilingualism in French and English is an asset
Behavioral Traits
  • Supportive, helpful attitude – sensitivity to identify what the fund needs, take ownership of team performance, and relieve Partners from operations so that they can focus on the deal pipeline
  • Ability to work collaboratively and build positive relationships with stakeholders within and outside BDC, with a sensible approach to vertical and horizontal relationships
  • Interpersonal polish, ability to influence pertinently in the context of business settings, including operational and executive audiences
  • Motivation and ability to leverage work as a team, by taking a leadership role
  • Enthusiasm to support and coach more junior colleagues, sharing knowledge and advice
  • Continuous learning attitude, with maturity to give and take feedback constructively
  • Comfort working in a fast-paced environment, where objectives must be met within tight deadlines
  • Willingness to shift from the main role, taking up any task that is necessary to get the job done
With us, you'll be able to achieve the work/life balance you're looking for, with competitive working conditions and above-market flexible benefits. This includes modern workspaces to work from when you are in our offices, and, for some specific positions, the ability to work remotely, on reserve, and/or within your community.
While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted. If you are a candidate with a disability and need an accommodation to complete the application process, please email us at , and include your full name, the best way to reach you, and the accommodation needed to assist you with the application process.

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