Jobs and Careers

Private Debt Co-op/Internship (Fall 2024)

United Statesfull_timeVerifiedPosted 9 May 2024

About the role

Closing date: May 30, 2024

Use your research and investment skills in a fast-growing company where you can have an impact. The British Columbia Investment Management Corporation (BCI) is currently seeking Private Debt Co-ops/Interns for the Fall 2024 (September to December) work term to provide support across a range of credit investment types, including senior and subordinated debt.

WHAT YOU NEED TO KNOW

BCI manages a globally diversified portfolio of assets valued at C$233 billion and is one of Canada’s largest institutional investors. We invest globally to support pension and other funds for more than 30 clients based in British Columbia. We are proud to have been chosen as one of Canada’s Top 100 Employers and BC’s Top Employers. These national and provincial competitions recognize employers who offer exceptional workplaces for their employees.

The Private Debt co-op/Intern will work within our Public Markets department. This is a great opportunity for you to learn and apply your knowledge to support the development and implementation of BCI’s Principal Credit Fund by assisting in the due diligence of new investments, ongoing monitoring of existing investments, and other ad-hoc projects.

WHO YOU WILL WORK WITH

The Private Debt Team specializes in loans to principally private companies and other specialized credit strategies. Investments primarily consist of direct senior and subordinated debt or co-investments through our partners across a variety of industries in North America and Europe.

WHAT YOU WILL BE DOING

Working under the supervision of members of the Private Debt team to assist with various projects
Work as an integrated part of the Private Debt team supporting the diligence of prospective investments
Assist the Private Debt team in executing new investment opportunities (including comprehensive written reports and financial modeling)
Monitor portfolio investments identifying relevant risks
Ad-hoc projects and tasks as assigned by the team

REQUIRED SKILLS

Students in an undergraduate program with a preference for those in Business (Finance or Accounting) or Economics
Passion for investing, drive to continually learn about financial markets, and an interest in credit markets
Ability to communicate clearly and concisely, both verbally and in writing
Ability to meet deadlines while maintaining accuracy, excellent product quality, and attention to detail
A high level of professionalism and interpersonal skills
Strong research skills combined with analytical and critical thinking and problem-solving abilities
A fundamental knowledge of finance, accounting, business, and investment-related disciplines
Experience in developing financial models is considered an asset
High level of proficiency with Excel, PowerPoint, Word, and Outlook; Bloomberg and S&P Capital IQ/Market Intelligence experience is an asset

WHAT WE OFFER

Excellent career development and training
Work with a dynamic team in a fast-paced environment
The development of real-world skills at one of the largest institutional investors in Canada
Exposure to some of the most talented, approachable, and inspiring people in the industry
The ability to opt-in for access to Dialogue, a user-friendly app that offers virtual primary care, employee and family services, and mental health supports
Time to connect with co-op students & interns at BCI – build your network and shared learning
BCI investment professionals lead a monthly Investment Club to share industry knowledge with employees who work in other departments
2 paid days per year for volunteering
Competitive pay
Front Office: $2,665.00 gross bi-weekly + vacation leave paid based on 6% of salary
Travel: if coming to Victoria for this work term, BCI will provide a fixed-rate travel allowance based on your location