Senior Analyst, Real Estate Investments

PSP Investments; Montreal; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading pension investment manager in Montreal seeks a Senior Analyst for Real Estate Investments. This role involves analyzing potential transactions, developing financial models, and preparing investment recommendations. Candidates should hold a degree in Finance, Economics, or Real Estate, with strong financial analytical and communication skills in English and French preferred. The position offers a competitive benefits package and promotes a hybrid work model, fostering a supportive and inclusive environment.

Benefits

Comprehensive group insurance plans

Competitive pension plans

Investment in career development

Unlimited access to virtual healthcare services

Gender-inclusive paid family leave policy

Qualifications

• Two years of relevant experience, preferably in analysis of real estate transactions.
• Strong writing skills and financial analytical skills are essential.
• Good communication skills in English and French required.

Responsibilities

• Collaborate with investment managers on real estate transactions analysis.
• Analyze cash flows and project returns.
• Prepare investment recommendations for approval.
• Participate in due diligence and draft administrative documents.

Skills

Financial analytical skills

Strong writing skills

Proficiency in MS Office

Ability to manage multiple projects

Good communication skills

Strong interest in real estate investment

Team player

Education

Bachelor's degree in Finance, Economics or Real Estate

M.Sc. in Finance or MBA

Professional designation (CFA or CPA)

Tools

ARGUS

Job description

ABOUT US

We’re one of Canada’s largest pension investment managers, with CAD$299.7 billion of net assets as of March 31, 2025.

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.

ABOUT YOUR ROLE

As a Senior Analyst, Real Estate Investments, you will:

• 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.
  • Act as a lead in the development and validation of financial models related to real estate investments (debt or equity)
• Act as a lead in preparing investment recommendations memorandums for investment approval
• Analyze cash flows and project returns
• Analyze the impact of different assumptions on performance: revenue, operating expenses, financing, tax, fees, etc.
• Analyze investment risks
• Analyze the asset’s operating budget and financial statements
• Analyze the partnership structure
• Participate in preparing and presenting investment opportunities at weekly Real Estate Management Investment Committee meetings
• Participate and support investment managers in the due diligence process
  • Summarize and follow up on external reports (physical, environment, financial, legal, tax, insurance and other reports)
• Participate in drafting administrative documents
  • Business plans for the various assets, asset management presentations, partner reviews, presentations to PSP Investments’ Board of Directors, etc.
• Collaborate with investment managers in active asset management of PSP Investments’ Real Estate portfolio
  • 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
  • Engage in regular reviews of business plans, assessing and reporting on deviations from projected budgets
  • Perform ongoing valuation assessments to track and interpret real estate market values, ensuring alignment with current market conditions
  • Develop Major Decisions Memoranda, outlining evidence-based recommendations for asset-related decisions, including financing options, hedging strategies, leasing agreements, and more
  • Monitor real estate indexes

Some travel may be required.

WHAT YOU’LL NEED

• Bachelor’s degree in Finance, Economics or Real Estate. M.Sc. in Finance, MBA, considered as an asset
• Professional designation such as CFA or CPA are considered an asset
• Minimum of two (2) years of relevant experience. Experience in analysis of real estate transactions, a definite asset
• High level of proficiency with computer tools such as MS Office (most specifically Word, Excel and PowerPoint). Knowledge of ARGUS, an asset
• Strong interest for the field of real estate investment
• Strong writing skills
• Strong financial analytical skills
• Ability to build good relationships internally, as well as externally
• Ability to manage several different projects at any given time and to manage deadlines
• Good attention to detail and presentation of information
• Outgoing self-starter; high level of autonomy
• Proactivity, forward thinking and drive for results
• Strong team player
• Organized and methodical
• Flexibility and adaptability
• Work ethics and professional integrity
• Good communications skills in English and French (or willingness to learn) (Regular interactions in English with investment partners based outside of Quebec; Example: peers, bankers, brokerage firms, etc. and PSP employees in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)

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:

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

*Benefits package may vary based on your employee type.

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.

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