ASSOCIATE, GROWTH VENTURE FUND

Business Development Bank of Canada; Toronto; Hybrid; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid work model

ESIP matching

Defined benefit pension

Wellness account

Paid vacation

Personal days

Sick days

Office holidays

Job summary

Business Development Bank of Canada is seeking an Associate for the Growth Venture Fund team. The role involves assisting in due diligence, financial forecasting and portfolio management for Canadian venture-backed companies.

You will review investment opportunities, build financial models, and collaborate with partners to execute investments and manage exits. Requires a Bachelor’s degree and ~5 years in venture capital or related fields; MBA/CFA are assets.

Qualifications

• Bachelor’s degree in either Business Administration, Commerce, Science or Engineering.
• 5 years of experience in venture capital, investment banking, private equity or a related investment field.
• CPA, CFA, MBA are assets.

Responsibilities

• Contribute to due diligence for new and existing investment opportunities with research and analysis.
• Assist in account updates by providing financial, forecasting and statistical analysis.
• Ensure investment files are documented with financial analysis and forecasting.
• Monitor data accuracy on industries, markets and trends.
• Support the Growth Venture Fund across the full lifecycle of an investment.

Skills

Analytical skills

Financial forecasting

Financial modeling

Education

Bachelor’s degree in Business/Commerce/Science/Engineering

Job description

We are banking at another level. Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs. Choosing BDC as your employer also means:

• Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions,
• a Defined Benefit Pension Plan,
• a $750 wellness and health care spending account,
• to name a few In addition to paid vacation each year,
• five personal days,
• sick days as necessary,
• and our offices are closed from December 25 to January 1
• A hybrid work model that truly balances work and personal life
• Opportunities for learning, training and development,
• and much more...

The Growth Venture Fund 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 500M$ Growth Venture Fund, our participations range from $5M to 40M in late stage ($>10M in revenues) innovation-based businesses in Canada that are at an inflection point and show strong potential for meaningful scale, across a broad range of technology sectors. The Growth Venture Fund team currently manages 28 active late-stage companies.

Position Overview

Reporting to the managing partner of the Growth Venture Fund and working collaboratively with partners, principals, associates and analysts, the Associate is an integral member of the BDC Capital team and is involved in all aspects of the investment and portfolio management process.They will participate in the review of investment opportunities and assist in managing an existing legacy portfolio and new investments for all of the funds we manage.

Challenges to be Met

• Contribute to due diligence for new and/or existing investment opportunities by conducting research and analysis on markets, financial forecasts, management, competition, etc. and follow-up on investments using appropriate databases, customer interaction, internet sites, research reports and other investment resources.
• Assist in account updates by providing financial, forecasting and statistical analysis and bringing potential issues to partners’ attention.
• Ensure that new and existing investments files are properly documented (on initial investments, reinvestments and exits), including financial analysis and forecasting.
• Ensure the accuracy and timeliness of data by developing and maintaining appropriate information resources and contacts on industries, markets and business trends and keeping abreast of significant developments and activities in the venture capital and innovation communities.
• Ensure that the investment research files, business plans and other information collected by the Growth Venture Fund are maintained in conformity with BDC’s policies and procedures.
• Monitor the investment portfolio and individual companies by providing financial, forecast and statistical analysis to ensure timely responsiveness to strategic issues within the funds.
• Support other Growth Venture Fund team members across the full lifecycle of an investment.

What we are looking for

• Intellectual curiosity, solid analytical and synthesis skills, ability to assess the merits of new technologies, size and adoption rates of new markets and competitive forces faces when introducing new products.
• Possesses high energy towards work and self-development.
• Ability to work under pressure, deal with abstract concepts, an unstructured environment and multi-tasking.
• Ability to prepare financial forecasts, advanced financial models and pro-forma financial statements.
• Strong communication capabilities, including the ability to produce and deliver clear and concise oral and written presentations in English.

Education and relevant work experience combine the following: Bachelor’s degree in either Business Administration, Commerce, Science or Engineering.5 years of experience in venture capital, investment banking, private equity or a related investment field.CPA, CFA, an asset.MBA or other graduate degree in a business-related discipline is an asset.

Proudly one of Canada’s Top 100 Employers and one of Canada’s Best Diversity Employers, we are committed to fostering a diverse, equitable, inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work.

If you require an accommodation to complete your application, please do not hesitate to contact us at [e-mail].

While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.BDC is a bank unlike any other.We are the only bank dedicated exclusively to the development of Canadian businesses.The only institution whose purpose is to promote the growth of the Canadian economy by focusing on the success of small and medium-sized businesses, with a human touch and a genuine presence.At BDC, we’re changing people’s and businesses’ lives for the better.That’s what makes us unique as a bank.That’s why we are banking at another level.