Investment Associate

McConnell Foundation; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Benefits package

Pension matching 6%

Hybrid work environment

Home office allowance

Vacation time during December/January

Professional designation support

Job summary

McConnell Foundation is seeking an Investment Associate to support building a fully impact-focused portfolio. You will work with senior staff, portfolio fund managers, and leadership committees to ensure investments align with mission and financial objectives.

The role blends hands-on investment management with analytical reporting, including carbon emissions and UNPRI reporting, across domestic and international investments. Hybrid work with growth opportunities is offered.

Qualifications

• Three to six years of investment management experience.
• Meaningful experience in impact investing, ESG, and responsible investing.
• Bilingual English and French at minimum B2 proficiency.
• Proficiency with Excel for financial modeling.

Responsibilities

• Manage a portfolio of investments and monitor financial and impact performance.
• Assist in investment sourcing, due diligence, and transactions.
• Review invoices, expense reports and payables.
• Oversee accounting, balances, and communications for portfolios.

Skills

Analytical thinking

Bilingual English/French (B2)

Stakeholder management

Communication

Project coordination

Independent work

Education

Bachelor’s degree in finance, economics, or sustainability

Tools

Excel

Job description

About McConnell Foundation

The McConnell Foundation is a private Canadian foundation dedicated to fostering a resilient, inclusive, and sustainable society capable of addressing complex challenges. Established with a mission to drive meaningful change across Canada, the Foundation supports diverse and innovative approaches to address community resilience, reconciliation, and climate change through strategic funding and investment partnerships. The Foundation operates through multiple strategic channels including direct funding, impact investment partnerships, convening stakeholders, advocating for systemic change, and collaborating across the public, private, and non-profit sectors. This multifaceted approach reflects the Foundation’s commitment to creating lasting, systemic impact on critical societal issues. The organization is actively building a 100% impact investment portfolio while implementing its Net Zero Carbon Action Plan, demonstrating its commitment to environmental sustainability and responsible investing practices. The Foundation’s work is guided by core values emphasizing equity, diversity, inclusion, and reconciliation. The organization actively seeks to build a team that reflects its mission and welcomes applications from Indigenous people, Black people, racialized people, women, non-binary and gender-nonconforming people, members of the 2SLGBTQQIA community, people with disabilities, and newcomers to Canada. This commitment to inclusion extends to all aspects of the Foundation’s operations and culture.

About this Role

The Investment Associate plays a critical role within the Investments Department, supporting the Foundation’s strategic objective of building a fully impact-focused investment portfolio. This position combines hands-on investment management with analytical and reporting responsibilities, contributing to both the financial and social/environmental impact objectives of the Foundation’s investment activities. The successful candidate will join a dynamic investment team that manages a diverse portfolio of impact investments while maintaining rigorous financial standards and impact measurement protocols. The role requires balancing multiple competing priorities across portfolio management, due diligence activities, impact assessment, and comprehensive reporting to various internal and external stakeholders. The Investment Associate will work closely with senior investment staff, portfolio fund managers, and leadership committees to ensure investments align with the Foundation’s mission and financial objectives. This position offers the opportunity to contribute to the advancement of impact investing in Canada and internationally while supporting the Foundation’s commitment to climate action and community resilience. The role is structured to provide exposure to all aspects of impact investment management while allowing for professional development and growth within the investment sector.

Responsibilities

• Manage a portfolio of investments, including building and maintaining relationships with portfolio fund managers, and monitoring and evaluating financial and impact performance of investments
• Assist in all aspects of investment sourcing, research, due diligence, and completion of investment transactions
• Review management fee invoices, expense reports and payables
• Oversee operational transactions, account balances and correspondence for a portfolio of investments
• Support the Investment Team in further developing and delivering its approach to impact reporting across several internal and external stakeholders and products, such as McConnell’s Annual Report and Impact Report
• Contribute to annual carbon emissions assessment and annual UNPRI reporting
• Assist in the preparation and presentation of quarterly investment reports for the Impact Advisory Committee, the Investment Committee, and the Board
• Collaborate with all members of the investment team to drive optimum impact and effectiveness
• Support the growth of impact investing in Canada and internationally by liaising with external partners and stakeholders
• Develop and recommend enhancements to investment portfolio performance measurement from both financial and impact perspectives
• Assist with compliance and support in preparing for the annual audit, regulatory filings and investment accounting

Requirements

• Bachelor’s degree in relevant discipline, such as finance, economics, or sustainability
• Three to six years of progressive experience in investment management
• Meaningful or concrete experience and interest working in impact investing, social finance, ESG, responsible investing, and systems thinking
• Bilingualism in English and French at a minimum B2 proficiency level
• Proficiency with standard workplace technologies and software applications, including Excel for financial modeling
• Strong analytical, problem-solving, judgement, and decision-making skills
• Excellent planning, organizational, and project coordination abilities, with the capacity to manage multiple competing priorities
• Strong communication, negotiation, influencing, and stakeholder relationship management skills
• Ability to work independently while demonstrating initiative, adaptability, collaboration, and sound professional judgement
• High attention to detail, accuracy, and follow-through
• Ability to maintain focus and productivity during sustained periods of knowledge-based work
• Alignment with the Foundation’s values and mission
• A commitment to equity, diversity, inclusion, and reconciliation

Benefits

• Generous, fully paid benefits and a health spending account
• Simplified pension employer matching at 6%
• Holiday granting and charitable donation allowances
• Employee Assistance and Virtual Medicine programs
• Hybrid working conditions and home office allowance
• Four weeks of vacation and paid holiday time off between December 25 and January 1
• CFA, CAIA, or progress toward one of these or another relevant designation is considered an asset
• Investment structuring experience is considered an asset
• Data management and structuring experience is considered an asset
• Experience with impact monitoring and measurement, assessing relevant social and environmental objectives, and impact performance is considered an asset