Principal/Senior Principal (Asset Management)

Our Infrastructure & Renewable Resources (I&RR) team is continuing to expand and seeking a Principal (or Senior Principal) level candidate to join their team in beautiful Victoria, BC. The successful candidate would be responsible for making meaningful contributions to asset management activities within BCI’s global portfolio of infrastructure investments, focusing on protecting, growing, and realizing the value of the portfolio, while also contributing to the deployment of capital in new acquisitions. This is an exciting opportunity to join one of Canada’s largest institutional investors focusing on infrastructure globally, within a collaborative and supportive team.

DEPARTMENT DESCRIPTION

On behalf of BCI’s clients, the Infrastructure & Renewable Resources (I&RR) team invests globally in infrastructure assets and businesses that provide stable long-term investment returns. BCI’s I&RR portfolio has $28+ billion in AUM and ranks as the ninth largest institutional infrastructure investor globally. The portfolio spans a range of sectors including energy, transportation, utilities, and data infrastructure as well as renewable resources such as timberland and agriculture.

I&RR seeks meaningful investments predominantly in private companies that allow us to pursue an active governance approach. The team invests as a sole sponsor, co-sponsor, and very selectively through externally managed funds. In addition, I&RR takes positions in listed infrastructure businesses as well as debt investments as a complementary strategy to private markets investments.

THE OPPORTUNITY

The successful candidate will drive asset management activities, playing a key role in protecting, growing, and realizing the value of the portfolio by a) actively engaging with co-investors and management teams on tactical and strategic matters in individual companies, b) building and leading processes to ensure sustained progress across the entire portfolio, and c) developing perspectives and knowledge as they relate to our investments. The Principal or Senior Principal will also lead due diligence workstreams and otherwise support the pursuit of prospective investments as required depending on availability and experience/expertise.

They also develop rigorous and independent insights into the ongoing performance of BCI’s large direct investments. These insights would be advanced toward action through an ability to build highly collaborative relationships and exert positive influence with a range of stakeholders including deal team leaders, portfolio company executives and Board members. Above all else, the Principal or Senior Principal brings a long-term value investing mindset with excellent interpersonal and communication skills.

WHAT YOU BRING

Must have

• Minimum six (6) years of overall experience in investment management (preference for institutional investment experience), private equity, investment banking, management consulting, or corporate development. A minimum of ten (10) years of experience, or fewer of exceptionally relevant and successful work experience would be required for the Senior Principal level role.
• Experience in managing (e.g. value creation, consulting, asset management) infrastructure investments in a private equity context and meaningful interaction with senior decision makers internally and externally, in formal and informal settings.
• Excellent interpersonal skills: i.e., a proven ability to build lasting trust-based relationships with a wide variety of stakeholders.
• Personal drive: i.e., a track record of taking initiative to maximize impact.
• Excellent communication skills, clarity and concision in writing and speaking, driven by structured thinking.
• Strategic thinking: i.e., the ability to build the ‘big picture’ from an understanding of elementary business drivers, and strong critical thinking to allow them to succeed within ambiguity.
• Cultural fit; i.e., a low ego, approaches long-term challenges with patience and humility, prioritizing knowledge and consultation.
• Strong organizational skills.

Preferred

• Experience in or intimate knowledge of the transportation, energy, digital or P3 sectors and/or legal background (commercial or contracts).
• Meaningful international experience with corporate or project development, or asset management responsibility.
• Previous experience with institutional private equity investors in meaningful minority situations or Asset Managers (GPs).

WHAT YOU GET TO DO

Portfolio Company Support

• Work within established governance structures and processes at portfolio companies to preserve and increase the value of BCI’s investment.
• Evaluate and help develop strategies, investment recommendations, budgets, and compensation schemes, as well as addressing other key issues confronting portfolio company Board and management teams.
• Support BCI Directors and, broadly, portfolio company Boards with analysis of investment opportunities and M&A that are material to long-term value.
• Drive the pursuit of prioritized strategic initiatives directly with management and through external advisors.

Portfolio Monitoring & Oversight

• Systematically develop objective and rigorous views on the long-term health and potential of companies within the portfolio.
• Facilitate discussions to prioritize issues and interventions, advancing teams towards action by developing focused analyses and synthesizing implications as required.
• Build a body of knowledge and institutional positions on recurring asset management issues.
• Build thematic views on key sectors of interest to the I&RR team that will lead to deeper understanding of the space and drive potential investment opportunities.

Due Diligence

• Work as an integrated part of deal teams, leading or supporting the diligence of commercial, governance, human resource, and ESG aspects of prospective investments.
• Prepare due diligence questions for prospective investments and scope for external advisors.
• Synthesize findings as key drivers and scenarios for valuation models as well as in preparation of executive-level investment memos and presentations.

SALARY RANGE

BCI offers a competitive total rewards package which includes a performance-based incentive plan, comprehensive health & dental benefits, a defined benefit pension plan and paid time off.

Depending on the skill level and relevant experience the successful candidate will be hired at one of the following levels with the annualized base salary range for this Victoria-based role.

• Principal – CAD $131,000 to $160,000.
• Senior Principal – CAD $153,000 to $180,000.

The base salary offered to the successful candidate will consider a wide array of factors including but not limited to the individual’s skill set, level of experience applicable to the role they are being offered and consideration to internal equity.

We pay our people competitively in the markets in which we compete for talent and with consideration to internal equity and job structure. We aim for actual pay to be around the median of the market for target or expected levels of performance, and around the upper quartile of the market for excellent performance.

Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to, experience and expertise.

WHY APPLY TO JOIN BCI

With our values as our anchor, it’s our people that help shape employee-focused initiatives and who create the environment we work in each day – all of which further strengthens our culture. BCI has been recognized as one of Canada’s Top 100 Employers – for the sixth consecutive year -and has built programs and benefits to support all our employees, including;

• Extended health and dental coverage, start on your first day of work. We have you covered!
• Our telehealth provider Dialogue connects you and your family to virtual healthcare appointments.
• Eligibility to the defined benefit BC Public Service Pension Plan providing you with a secure retirement income.
• Time off includes: 20 days vacation, 6 paid sick days,6 paid personal days, and 2 paid days for volunteering – to support physical, mental, and community health.
• Four days in office, with the option to work from home once a week, promoting both a collaborative work culture and a healthy work-life balance.
• Annual wellness allowance to support an active lifestyle as well as physical well-being when working at home.
• On-going learning through our in-house mentoring program, professional dues support, tuition reimbursement, and online and in-house learning.
• Relocation support is available if a move to one of BCI’s locations is required.

TO APPLY

Apply online with a copy of your resume. We encourage timely submissions of applications as candidates will be actively reviewed and the interview process may advance earlier.

Closing date: April 18, 2025

We welcome applications from all qualified candidates who are interested in applying for this role. You will need to be legally authorized to work in the country where this job is located. If you currently do not have authorization, or if your work permit has restrictions, or is due to expire in 12 months or less, please ensure to flag this to our recruitment team if your application is shortlisted.

At BCI, we value diversity and believe in fostering an inclusive culture where all employees can be successful.

We are performance and client focused and value integrity; if you share these values, we want to know you.

We recognize that some skills can be learned on the job and encourage all to apply.

If you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations), contact us at hr@bci.ca.

We would like to hear from you!