Analyst Co-Investments and Junior Credit

Manulife Investment Management (“MIM”) is a global wealth and asset management business with assets under management and administration of approximately US$900 billion as of December 31, 2024.  Investment strategies include fixed-income, specialized equity, multi-asset solutions, and private markets. The Private Markets group has investment teams managing real estate debt, real estate equity, timber, agriculture, infrastructure equity, private equity and private credit on behalf of institutional clients and Manulife’s balance sheet.  Investment teams operate in a boutique environment, empowered to make investment decisions in line with their singular philosophy and their clients’ long-term objectives.

Within Private Markets, the Private Equity and Credit (“PE&C”) team invests in private equity funds, equity co-investment and private credit securities (junior and senior financing) typically in collaboration with leading private equity firms. Current PE&C AUM and unfunded commitments are approximately US$28 billion.

The PE&C team is seeking candidates for the position of Associate: Co-Investments and Junior Credit. The candidate, based in Boston, New York, or Toronto, will participate in the evaluation of new investment opportunities and assist with monitoring investments over their holding period.

Position Responsibilities:

• Identify and evaluate the risks and expected returns of new junior credit and equity co-investment opportunities. 

• Perform financial statement analysis and modeling to determine sustainability of free cash flow, company analysis to identify sources of competitive differentiation, and industry analysis to understand core drivers of future growth.

• Prepare a ~25-page investment report, in collaboration with senior members of the investment team, summarizing findings from the analysis noted above.  Reports will include a detailed description of the business, core strengths and risks of the opportunity, an industry overview and an analysis of the opportunity for equity value creation.

  Participate in the monitoring of portfolio companies and private equity funds in which we have invested, including preparation of quarterly and annual investment reviews.

• Support evaluation and restructuring of non-performing investments. This includes preparing financial analyses that support negotiation and restructuring of debt investments, and preparing memoranda recording the status and prospects for distressed investments on an as needed basis.

Required Qualifications:

• Bachelor’s degree in accounting, business, finance, or economics (or equivalent work experience)

• Two or more years of work experience in a related field (e.g., in public or private market investments, investment banking, consulting, accounting, or financial planning & analysis). Direct investment experience not required.  

• Experience with data analysis and financial statement analysis. Financial modeling experience preferred.

• Ability to synthesize large amounts of data and communicate key findings through strong business writing and other communication skills.

• Excellent work ethic, attention to detail, and demonstrated ability to perform in a time-pressured environment.

• Willingness to learn and desire to take on new responsibilities.

When you join our team:

• We’ll empower you to learn and grow the career you want.

• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (incl