Intern, Middle Office Operations

Investment Management Corporation of Ontario (IMCO); Toronto; Hybrid; CAD 45,000 - 65,000; Full time

Benefits offered by this job

Career guidance

Skill workshops

Industry guest speakers

Social events

Job summary

Investment Management Corporation of Ontario (IMCO) in Toronto, ON invites applications for a 2027 summer Intern, Middle Office Operations (Real Estate) from May to August 2027. You will monitor cash activities, prepare IRR/MOIC analyses, and develop a 10-Year Cash Flow Projection Report while coordinating with internal and external stakeholders.

Requirements include an undergraduate degree pursuit in Finance or Math, at least two co‑op terms, and proficiency in Excel, Word and Power BI; VBA and

Qualifications

• Pursuing an undergraduate degree in Finance or Math.
• Minimum of two co-op work terms completed.
• Proficient in Microsoft Office; Power BI experience preferred.
• Working knowledge of relational databases, VBA and Python is preferred.
• Strong communication skills, with attention to detail.
• Self-management and organization in a fast-paced environment.
• Collaborative team player.

Responsibilities

• Monitor daily cash activities and liquidity for the Real Estate Pool.
• Prepare IRR and MOIC calculations for performance analysis.
• Develop and maintain the 10-Year Cash Flow Projection Report.
• Prepare annual peer comparison reports for benchmarking.
• Identify process improvements and optimize workflows.
• Assist in preparing and delivering quarterly reports.
• Provide ad hoc support to stakeholders.

Skills

Strong communication

Data analysis

Self-management

Team collaboration

Education

Undergrad in Finance or Math

Tools

Excel

Power BI

Word

Python

VBA

Relational databases

Job description

At IMCO, our talent is among the best! IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career.

Our culture is built on collaboration and passion, with a shared commitment to delivering lasting value to the clients we serve. Located in downtown Toronto, our vision is to be the partner of choice for Ontario’s public sector funds and to build a high-performing, value-driven asset management firm.

This job posting is for an existing vacancy. If you are ready to deliver best-in-class service and join a collaborative, motivated and fun team of professionals, IMCO offers the opportunity to do impactful work and broaden your expertise.

If you’re looking to use your expertise to drive strategic outcomes, we’d love to hear from you.

We are looking for a highly motivated student to join our team from May to August 2027 for the summer term!

Our Intern Program is designed to support the development of students and recent graduates for future positions by offering one-on-one mentoring, peer and experiential learning, internal training programs, and much more. We are currently accepting applications for undergraduate and master’s level students or recent graduates seeking the opportunity to work in the investment management space.

As a key member of the team, the Intern, Middle Office Operations (Real Estate) will play an important role in supporting the Real Estate Middle Office. This position is responsible for monitoring daily cash activities and liquidity within the Real Estate Pool, preparing analytical reports, and coordinating with internal and external stakeholders to ensure objectives are met.

Responsibilities:

• Monitor daily cash activities and balances, and manage the credit facility to maintain adequate liquidity for the Real Estate Pool.
• Prepare IRR and MOIC calculations to support performance analysis.
• Develop and maintain the 10-Year Cash Flow Projection Report.
• Prepare the annual peer comparison report for benchmarking purposes.
• Identify process improvement opportunities and implement workflow optimizations to enhance efficiency.
• Assist in preparing and delivering quarterly reports for internal and external stakeholders.
• Provide ad hoc support to internal and external stakeholders as needed.

What You Need to Succeed:

• Currently pursuing an undergraduate degree in Finance or Math.
• Completed a minimum of two (2) or more co-op work terms.
• Proficient in Microsoft Office Suite, including Excel, Word and Power BI.
• Working knowledge of relational databases, VBA, and Python (or other programming languages) is preferred.
• Strong oral and written communication skills, with the ability to engage confidently with internal and external stakeholders.
• Exceptional attention to detail and a demonstrated aptitude for working with data-driven applications.
• Effective self-management and organizational skills to handle multiple priorities in a fast-paced environment.
• Collaborative team player who thrives in a dynamic, high-pressure setting.

What do we offer our Interns?

• Facetime with our executive team, including career guidance
• Skill workshops for personal development
• Industry guest speakers
• Social events with fellow Interns and IMCO employees

In addition to paid work experience for a 4 month (May-August 2027) term, we offer a number of developmental opportunities for our hires. This includes:

The base salary range for this position is CAD $45,000 to $65,000. The placement within the range is determined by the role and assessment of the candidate’s year of study and relevant work experience. As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you with the specific details for this position, as well as the total rewards offering at IMCO.

Our hybrid work model prioritizes an office-first approach, encouraging employees to make the most of our collaborative workspace at 16 York Street, Suite 2400, Toronto, ON M5J 0E6. This welcoming environment fosters teamwork, connection, and professional growth. While flexibility remains a key component of our model, we believe that regular in-office engagement enhances productivity and strengthens our culture. Our approach supports a fulfilling lifestyle that balances professional ambition with personal wellbeing.

IMCO is committed to providing accommodation for people with disabilities throughout the recruitment process. If you require support, please let us know and we will work with you to meet your needs. Artificial intelligence (AI) tools may be used to support parts of our recruitment process, such as screening and assessments. However, all hiring decisions are made by our recruitment team. Candidates being considered for this position will be required to undergo background screening.