Associate, Real Estate Investments

PSP Investments; Montreal; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

Join a forward-thinking company as an Associate in Real Estate Investments, where you will engage in dynamic real estate transactions and asset management. This role offers the chance to collaborate with investment managers, develop financial models, and analyze cash flows across diverse asset classes. You will be part of a team that values collaboration and innovation, working in a culture that embraces diversity and encourages professional growth. With a competitive rewards package and a hybrid work model, this opportunity is perfect for those eager to make an impact in the investment landscape.

Benefits

Career Development Investment

Comprehensive Group Insurance Plans

Competitive Pension Plans

Unlimited Virtual Healthcare Services

Gender-Inclusive Paid Family Leave

Personalized Family-Building Support

Vacation Days from Day One

Summer Friday Afternoons Off

Hybrid Work Model

Qualifications

• Up to 4 years of experience in real estate transaction analysis.
• Strong proficiency in financial modeling and analysis.

Responsibilities

• Collaborate on real estate transactions across various asset classes.
• Prepare investment recommendations and analyze cash flows.

Skills

Financial Analysis

Real Estate Investment

Communication Skills

Project Management

Attention to Detail

Team Collaboration

Proactivity

Bilingual (English and French)

Education

Bachelor’s degree in Finance, Economics or Real Estate

M.Sc. in Finance or MBA

Professional designation (CFA or CPA)

Tools

MS Office (Word, Excel, PowerPoint)

ARGUS

Job description

ABOUT US

We’re one of Canada’s largest pension investment managers, with CAD$264.9 billion of net assets as of March 31, 2024.

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, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.

EXPERIENCE THE EDGE

At PSP, we encourage our employees to grow, forge powerful relationships, contribute and fuel inspired investment launchpads. We are committed to a culture that fosters collaboration and allows us to think beyond, in an interconnected way. We advocate for our employees to speak-up, learn, experiment, share, and be part of an inclusive work environment where diversity is embraced.

We’re seeking an Associate, Real Estate Investments to join our Real Estate Investments team. The hire will be involved in all aspects of the real estate investments and the asset management process.

ABOUT YOUR ROLE

As an Associate, Real Estate Investments, you will:

1. Collaborate with investment managers in the analysis of potential real estate transactions across several asset classes including residential, office, retail, and industrial assets, and transactions in various forms: direct asset transactions, private funds, etc.
2. Act as a lead in the development and validation of financial models related to real estate investments (debt or equity)
3. Act as a lead in preparing investment recommendations memorandums for investment approval
4. Analyze cash flows and project returns
5. Analyze the impact of different assumptions on performance: revenue, operating expenses, financing, tax, fees, etc.
6. Analyze investment risks
7. Analyze the asset’s operating budget and financial statements
8. Analyze the partnership structure
9. Participate in preparing and presenting investment opportunities at weekly Real Estate Management Investment Committee meetings
10. Participate and support investment managers in the due diligence process
11. Summarize and follow up on external reports (physical, environment, financial, legal, tax, insurance and other reports)
12. Participate in drafting administrative documents
13. Business plans for the various assets, asset management presentations, partner reviews, presentations to PSP Investments’ Board of Directors, etc.
14. Collaborate with investment managers in active asset management of PSP Investments’ Real Estate portfolio
15. Conduct research and analysis of real estate markets, segmented by asset type and geography, to identify trends and opportunities in selected markets and asset classes
16. Engage in regular reviews of business plans, assessing and reporting on deviations from projected budgets
17. Perform ongoing valuation assessments to track and interpret real estate market values, ensuring alignment with current market conditions
18. Develop Major Decisions Memoranda, outlining evidence-based recommendations for asset-related decisions, including financing options, hedging strategies, leasing agreements, and more
19. Monitor real estate indexes

Some travel may be required.

WHAT YOU’LL NEED

1. Bachelor’s degree in Finance, Economics or Real Estate. M.Sc. in Finance or MBA, considered as an asset
2. Professional designation such as CFA or CPA are considered an asset
3. Up to four (4) years of relevant experience. Experience in analysis of real estate transactions, a definite asset
4. High level of proficiency with computer tools such as MS Office (most specifically Word, Excel and PowerPoint). Knowledge of ARGUS, an asset
5. Strong writing skills
6. Strong interest for the field of real estate investment
7. Strong financial analytical skills
8. Ability to build good relationships internally, as well as externally
9. Ability to manage a number of different projects at any given time and to manage deadlines
10. Good attention to detail and presentation of information
11. Outgoing self-starter; high level of autonomy
12. Proactivity, forward thinking and drive for results
13. Strong team player
14. Organized and methodical
15. Flexibility and adaptability
16. Work ethics and professional integrity
17. Good communications skills in English and French (or willingness to learn)

We offer a tailored employee experience and competitive total rewards and benefits package designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to:

1. Investment in career development
2. Comprehensive group insurance plans
3. Competitive pension plans
4. Unlimited access to virtual healthcare services and wellness programs
5. Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers
6. A personalized family-building support, from pre-pregnancy to menopause, with available financial assistance
7. Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off
8. A hybrid work model with a mix of in-office and remote days

At PSP, we aim to provide an inclusive workplace where we leverage diversity and 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.

Visit us on www.investpsp.com/en/

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