Associate, Real Estate Investments

PSP’s Private Debt & Credit Investment (PDCI) group; Montreal; On-site; CAD 79,000 - 114,000; Full time

Benefits offered by this job

Comprehensive group insurance plans

Competitive pension plans

Hybrid work model

Paid time off and service anniversary"

Job summary

PSP Investments is seeking an Associate, Real Estate Investments based in Montreal. You will collaborate with investment managers to analyze potential transactions across residential, office, retail, and industrial assets, including cross-border deals.

You’ll develop sophisticated financial models and analyze cash flows and risks. Requirements include a Bachelor’s degree in finance/economics/real estate, 3–5 years of relevant experience, and excellent English/French communication.

Qualifications

• Bachelor’s degree in finance, economics, real estate or relevant field.
• M.Sc./MBA/CA/CFA designation are assets.
• Three to five years of experience analyzing and structuring complex international real estate transactions.

Responsibilities

• Collaborate with investment managers to analyze potential real estate transactions across asset classes.
• Develop financial models (debt/equity) for real estate investments in collaboration with analysts.
• Analyze cash flows, project returns and sensitivity to key assumptions.
• Support due diligence and prepare materials for PSP Investments’ Board and committees.

Skills

MS Office

ARGUS

@risk

English & French

Education

Bachelor’s degree in finance/economics/real estate

M.Sc./MBA/CA/CFA designation assets

Tools

Excel

PowerPoint

Word

Job description

ABOUT US

We’re one of Canada’s largest pension investors, with CAD$320.6 billion of net assets as of March 31, 2026. We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP Investments, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.

ABOUT YOUR ROLE

As an Associate, Real Estate Investments, you’ll:

• Collaborate with investment managers in the analysis of potential real estate transactions across all asset classes including residential, office, retail, and industrial assets, and cross-border transactions in various forms: direct asset transactions, corporate transactions, secondary share, private funds, etc.
• Act as a lead in the development of financial models related to real estate investments (debt or equity) in collaboration with analysts and senior analysts
• Analyze cash flows and project returns
• Analyze the impact of different assumptions on performance: revenue, operating expenses, financing, tax, fees, etc.
• Analyze investment risks
• Analyze the asset’s operating budget and financial statements
• Analyze the partnership structure
• Participate in presenting investment opportunities at weekly Global Real Estate Committee meetings
• Participate in the due diligence process
• Summarize and follow up on external reports (physical, environment, financial, legal, tax, insurance and other reports)
• Participate in drafting administrative documents Business plans for the various assets, presentations to PSP Investments’ Board of Directors, etc.
• Collaborate with investment managers in active management of PSP Investments’ Real Estate portfolio
• Research, synthesize and analyze the real estate markets by asset type and by geography for targeted market and asset classes
• Periodically follow up on the real estate business plans and analyze variances from the presented budgets
• Analyze and monitor real estate market values
• Monitor real estate indexes

Some travel may be required.

WHAT YOU’LL NEED

• Education and experience: Bachelor's degree in finance, Economics, Real Estate or any relevant field
• M.Sc. in Finance, MBA, CA or CFA designation are assets
• Three (3) to five (5) years of experience in analyzing and structuring complex international real estate transactions, including institutional assets and multi-market portfolios

Technical skills

• High level of proficiency with computer tools such as MS Office (most specifically Word, Excel and PowerPoint)
• Usage of ARGUS and @risk software in a professional setting, an asset

Behavioral Skills

• Strong writing skills
• Strong experience in real estate investment, along with financial analytical skills
• Ability to build good relationships internally, as well as externally with different general and limited partners for transaction purposes
• Ability to manage a number of different projects at any given time and to manage deadlines
• Good attention to detail and presentation of information
• Outgoing self-starter; high level of autonomy
• Proactivity, forward thinking and drive for results
• Strong team player
• Organized and methodicalFlexibility and adaptability
• Work ethics and professional integrity
• Good communications skills in English and French (or willingness to learn)
• Regular interactions in English with investment partners based outside of Quebec (e.g. peers, bankers, brokerage firms, etc. and PSP employees in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)

Salary and Hours

Salary: $57.14 to $82.42 per hour (negotiable) / 35 hours per week. The status of this position is permanent.

Benefits

Beyond salary and incentive pay eligibility, you have access to:

• Investment in career development
• Comprehensive group insurance plans
• Competitive pension plans
• Unlimited access to virtual healthcare services and wellness programs
• Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers
• A personalized family-building support, from pre-pregnancy to menopause, with available financial assistance
• Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off
• A hybrid work model that includes four in-office days, Monday through Thursday
• The opportunity to work temporarily from another location in accordance with the applicable policy
• *Benefits package may vary based on your employee type.

At PSP Investments, we aim to provide a workplace where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.

We’re one of Canada’s largest pension investment managers, with CAD$320.6 billion of net assets. We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. We are committed to fostering an environment where experiences and learning opportunities provide you with the platform to grow.

If you are having difficulty applying, you can reach us at [e-mail].