Associate, Equities - Healthcare

CPP Investments; Toronto; Hybrid; CAD 75,000 - 95,000; Full time

Job summary

A leading investment management organization is seeking an Associate to join their Securities Selection team. This role involves conducting deep research on investment opportunities within the Global Healthcare sector. Candidates should have a relevant undergraduate degree and 3-5 years of experience in financial services, with strong skills in financial modeling and valuation. Collaborative and high-performance culture with a hybrid work model offered, emphasizing integrity and partnership.

Benefits

Hybrid-flexible work environment

Access to stimulating work

Collaborative culture

Diverse colleagues

Qualifications

• 3-5 years of relevant experience in financial services.
• Strong passion for investing with an interest in healthcare sector.
• Ability to manage multiple workstreams and meet deadlines.

Responsibilities

• Evaluate long and short public and pre-IPO investment opportunities.
• Build and maintain financial models and perform valuations.
• Participate in industry meetings and conduct research.

Skills

Financial modeling

Valuation analysis

Analytical problem-solving

Communication skills

Research capabilities

Education

Undergraduate degree in relevant field

Advanced degree or CFA

Tools

MS Excel

Bloomberg

Python

SQL

Job description

Make an impact at a global and dynamic investment organization

When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians.

CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo, and Sydney.

CPP Investments successfully attracts, selects, and retains talented individuals from top-tier institutions worldwide. Join our team for access to:

• Stimulating work in a fast-paced and intellectually challenging environment
• Accelerated exposure and responsibility
• Diverse and inspiring colleagues and approachable leaders
• A hybrid-flexible work environment with an emphasis on in-person collaboration
• A culture rooted in principles of integrity, partnership, and high performance
• An organization with an important social purpose that positively impacts lives

If you have a passion for performance, value a collegial and collaborative culture, and approach work with the highest integrity, invest your career here.

Job Description

We are recruiting for an Associate to join our Securities Selection team in our Active Equities department. The successful candidate will be joining a domain team which focuses on companies within the Global Healthcare sector (ex-Biopharma). Reporting to the Managing Director, Active Equities, the Associate is responsible for conducting sector focused, deep bottom-up fundamental research primarily on investment ideas and current portfolio holdings. The position is based in Toronto.

The Active Equities (“AE”) department invests in large-cap public and pre-IPO equities in North America, Europe, Asia and LATAM. The strategy employs bottom-up and deep fundamental research insights to create a concentrated market-neutral portfolio of high conviction long and short investments. The Security Selection team has a global structure with the focus of generating differentiated long and short insights by leveraging specific domain level expertise.

Accountabilities:

• Work directly with investment professionals on the Global Healthcare domain team to evaluate potential long and short public and pre-IPO investment opportunities across the various healthcare related subsectors
• With guidance, execute investment research leveraging domain expertise and deep fundamental research insights within the global healthcare sector
• Participate in meetings with company management teams, industry experts and attend industry and broker conferences as part of the research process, with travel where necessary
• Build and maintain company financial models and perform valuation analysis, including DCF and comparable company analyses; apply statistical analysis to support investment decisions
• With guidance, prepare analytical investment reviews and recommendations in collaboration with the team, including industry overviews, written investment memos and due diligence reviews
• Research, analyze and monitor macro level industry trends and fundamental performance of existing portfolio holdings
• Increasingly incorporate research insights by leveraging alternative data sets

Qualifications

• Undergraduate degree in a relevant field (e.g. Science, Finance, Economics, Business, STEM); advanced degree or certification (e.g. CFA) is an asset
• 3-5 years of relevant professional experience in financial services, such as investment banking, private equity, investment management, or management consulting.
• Strong passion for investing and business analysis, including a deep appreciation for business quality, value creation, and drivers of stock performance; demonstrated interest in the healthcare sector is beneficial.
• Strong financial modeling and valuation skills, with strong grounding in accounting and corporate finance
• Ability to conduct deep, high quality research, with strong analytical problem-solving skills and the ability to think independently and creatively.
• Strong written and verbal communication skills, with an emphasis on clarity, structure, and insight generation.
• High degree of personal ownership, confidence balanced with humility, and a demonstrated ability to work both independently and collaboratively
• Strong organizational skills, with the ability to manage multiple workstreams, prioritize effectively, and meet tight deadlines
• Proficiency with core technical tools, including MS Excel, Bloomberg, Visible Alpha, GenAI etc.. Advanced technical skills - such as Python, SQL, or familiarity with data engineering/analytics tools (e.g. Databricks) – are an asset
• Exemplify CPP Investment’s Guiding Principles: Integrity, Partnership and High Performance

At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.

We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process.

Our Commitment to Inclusion and Diversity:

In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.

Disclaimer:

CPP Investments does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered. CPP Investments will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.