Investment Associate, Private Capital - Financial Services

Ontario Teachers’ Pension Plan; Toronto; On-site; CAD 85,000 - 125,000; Full time

Benefits offered by this job

Employer paid benefits

Defined benefit pension plan

Flexible travel program

Job summary

Ontario Teachers’ Pension Plan in Toronto is seeking an Associate in the Financial Services Group within Private Capital. You will evaluate potential North America investments, build complex financial models, and support deal execution from sourcing through to post-close value creation.

You will work with sector specialists, portfolio management, and management teams to refine investment theses and drive strategic initiatives while navigating a dynamic deal environment.

Qualifications

• 2-3 years of related work experience in investment banking or consulting.
• Undergraduate degree in business/finance or equivalent experience.
• Experience developing financial models (LBO, DCF) from scratch.
• Experience evaluating Financial Services investments is a plus.
• Strong analytical, quantitative, and presentation skills.

Responsibilities

• Evaluate new investments and determine attractiveness; build financial models and assist in debt financing decisions.
• Support portfolio company management post-transaction, including board observation and strategic initiatives.
• Develop sector theses through research, market mapping, and diligence themes; engage with partners and advisors.

Skills

Financial analysis

Financial modeling

LBO/DCF modeling

Due diligence

AI-enabled research

Education

Undergraduate in business/finance

Tools

Excel

AI tools

Job description

The opportunity

We are seeking an Associate to join the Financial Services Group within the Private Capital team. Based in Toronto, you will be an integral part of a team focused on direct investments in North America. You will play a key role in evaluating potential investment opportunities, executing transactions, conducting sector research including transaction pipeline building, and supporting portfolio company management.

Who you'll work with

Our Financial Services team invests across sub-sectors including Insurance, Wealth & Asset Management, Lending, Professional Services, and Cards & Payments, with a particular need to understand the regulatory, AI, data and digitization themes reshaping the sector. You will work with sector specialists and portfolio company management to evaluate new investments, support value creation initiatives, and develop sub-sector views across priority areas.

What you'll do

• You will evaluate new investments and determine whether the company represents an attractive investment opportunity. The analysis of investments includes conducting industry and company research, managing third-party advisors, building sophisticated financial models, arranging debt financing, reviewing legal documents, reviewing and analyzing due diligence materials, and preparing internal support materials and written recommendations to PC’s Investment Committee.
• Once a transaction has been completed, you will remain involved with the business, potentially attending board meetings as an observer, and will work with the management team and the board of directors to implement value-enhancing initiatives. In addition, you will work directly with management on various initiatives as required, including with respect to mergers and acquisitions, debt refinancings, budgeting and other strategic projects.
• You will help develop and refresh sub-sector investment theses through deep dives, market mapping, primary research, target screening, valuation benchmarking, and identification of key diligence themes. Activities will include conducting desk research, working with bankers and consultants, and attending conferences. There is also the expectation that you assist in building and maintaining relationships with fund partners.

What you’ll need

• 2-3 years related work experience from a leading investment bank or consulting firm.
• An undergraduate from a university with a focus on business / finance / accounting / investment analysis, or equivalent experience
• Experience in developing financial models (LBO, DCF, etc.) from the ground up to aid in investment valuation, transaction structuring, and financing decisions.
• Experience evaluating companies, transactions, or investment themes in Financial Services is considered an asset.
• Very strong analytical and quantitative skills and ability to perform in-depth, creative, critical analysis
• Comfort using data and AI-enabled tools to support research, analysis, diligence and portfolio company work
• Experience in the investment process, including conducting due diligence, arranging debt financing and negotiating documentation
• Excellent communication skills, both oral and written, with solid presentation skills
• Collaborative teammate with strong interpersonal skills, able to establish and build relationships
• Self-motivated, and possess unquestioned personal and professional integrity
• Ability to meet tight timelines and operate in a highly complex and demanding work environment
• Ability and willingness to travel

What we’re offering

• Numerous opportunities for professional growth and development
• Comprehensive employer paid benefits coverage
• Retirement income through a defined benefit pension plan
• The opportunity to invest back into the fund through our Deferred Incentive Program
• A flexible work environment combining in office collaboration and remote working
• Competitive time off
• Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year
• Employee discount programs including Edvantage and Perkopolis

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

Accommodations are available upon request ([e-mail]) for candidates with a disability taking part in the recruitment process and once hired.

Candidates must be legally entitled to work in the country where this role is located.

Ontario Teachers’ may use AI-based tools to assist in screening and assessing applicants for this position. These tools may help us identify candidates whose skills and experience align with Ontario Teachers’ objectives by analyzing information provided in resumes and applications. Our use of AI does not replace human decision-making.

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