Senior Principal (Infrastructure Debt)

British Columbia Investment Management (BCI); Victoria; On-site; CAD 164,000 - 190,000; Full time

Benefits offered by this job

Performance-based incentive plan

Health & dental benefits

Defined benefit pension plan

Paid time off

Job summary

British Columbia Investment Management Corporation (BCI) seeks a Senior Principal to source, evaluate, and manage private infrastructure debt investments. Based in Victoria, BC, you will lead due diligence, structuring, and ongoing oversight, collaborating with deal teams across Victoria, London, and Mumbai.

You will build independent credit opinions, mentor junior staff, and manage external fund relationships while advancing BCI’s long‑term value investing approach in global infrastructure

Qualifications

• A relevant undergraduate/graduate university degree.
• 7-10 years in private debt, investment banking, M&A, private equity, or related roles.
• Experience covering Infrastructure investments.
• MBA degree and/or CFA designation or actively pursuing it.

Responsibilities

• Lead origination and execution of private debt investments.
• Coach junior staff and manage deal teams.
• Prepare investment memoranda and IC materials.
• Monitor portfolio and manage external fund relationships.
• Collaborate with Legal, Tax and ESG teams.

Skills

Decisiveness

Credit opinions

Financial modeling

Analytical skills

Independent worker

Team leadership

Education

Bachelor's or MBA degree

MBA or CFA designation

Tools

AI tools

Financial databases

Job description

About Us

With $313.7 billion of gross assets under management, as of March 31, 2026, British Columbia Investment Management Corporation (BCI) is the provider of investment management services for British Columbia’s public sector and one of the largest asset managers in Canada. BCI seeks investment opportunities around the world and across a range of asset classes that convert savings into productive capital. Our investment returns play a significant role in helping our institutional clients build a financially secure future for their beneficiaries. Headquartered in Victoria, British Columbia, and with teams spanning Vancouver, New York, London, and Mumbai. BCI integrates environmental, social, and governance (ESG) factors into all investment decisions to meet clients' risk and return requirements. Our people shape employee-focused initiatives, creating a strong culture.

To learn more about our culture and values, visit our BCI Values in Action page.

POSTING CLOSE DATE: November 10, 2026. BCI’s Infrastructure & Renewable Resources team is looking for a Senior Principal to source, execute, and manage private infrastructure debt investments, working with deal teams in Victoria, London, and Mumbai and bringing a long‑term value investing mindset. This role will be based in our office in downtown Victoria, BC.

The Opportunity

Reporting to the Managing Director, Infrastructure & Renewable Resources, the Senior Principal plays a key role in evaluating and managing private debt investments and external fund relationships. The Senior Principal’s activities include screening, leading diligence and supporting the execution of new investments, ongoing monitoring of existing investments, participating in various group and corporate projects, and staying abreast of trends in high yield bond and syndicated loan markets.

Who You Will Work With

On behalf of BCI's clients, the Infrastructure & Renewable Resources (I&RR) team invests globally in infrastructure assets and businesses that generate stable, long‑term investment returns. BCI's I&RR portfolio holds $36.5 billion in AUM, ranking as the world's 10th largest institutional infrastructure investor. The portfolio spans a range of sectors including energy, transport, utilities, and digital infrastructure, as well as tangible assets such as timberland and agriculture. I&RR seeks meaningful investments predominantly in private companies that allow the team to pursue an active governance approach. The team invests across a range of capacities in private markets, including as 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 its private markets activity. Since 2023, I&RR has expanded its global footprint beyond its Victoria headquarters, establishing offices in London, U.K. and Mumbai, India to strengthen origination and asset management capabilities across international markets.

What You Bring

• A relevant undergraduate/graduate university degree
• A minimum of 7-10 years’ experience in private debt, investment banking, M&A, private equity, management consulting, deal/financial advisory or rating agencies
• Experience covering Infrastructure investments
• Decisiveness and the ability to form and defend independent credit opinions
• Strong financial modeling, research and analytical skills
• Sound judgment and the ability to work independently and within teams
• Project and people management experience
• Played a lead role in the execution of private credit transactions
• Ability to manage multiple priorities, work independently, lead projects
• Preferred: Experience with leveraged loans, middle market debt and/or high yield bonds
• Experience or knowledge of loan closing, settlement and documentation process
• Eagerness to coordinate with industry participants and investment partners to shape the infrastructure debt strategy
• MBA degree and/or CFA designation or actively working towards it
• Proficiency with AI tools to improve research and analysis, and the ability to guide teams in their responsible use

What You Will Do

Investment Origination, Analysis and Execution

• Conducts and documents fundamental and relative value research in private debt markets to generate new investment ideas and opportunities
• Originate attractive investment opportunities by leveraging existing and new external relationships
• Synthesizes findings, key analysis and supporting documents in an organized and documented manner
• Leads analysis and evaluations across the life cycle of private credit transactions and leads the formation of the Investment Committee discussion materials
• Writes effective screening, deal alert and investment memorandums.
• Synthesizes deal team’s due diligence and analysis to deliver persuasive oral and written investment recommendations and rationale to the Investment Committee
• Interacts effectively with third party advisors as well as with BCI internal groups (e.g., Legal, Tax, Risk); manages execution of transaction related structuring and legal documentation
• Works as an integrated part of deal teams, supporting the diligence of commercial, financial, tax, legal and ESG aspects of prospective investments
• Manages and mentors junior level staff
• Manages information and communication flow amongst all deal related stakeholders

Portfolio Monitoring and Oversight

• Monitors assigned investments, identifying relevant opportunities and risks including: tracking/evaluating performance metrics, ongoing review against original investment thesis, ongoing strategic fit, significant changes impacting the company, valuation issues and industry developments
• Reviews and approves capital calls and distributions for existing and new investments; liaises with Portfolio Management team for monitoring debt investments
• Supports the development of tracking tools and processes to ensure sustained long‑term portfolio returns
• Systematically develops objective and rigorous views on the long‑term health and risk of investments within the portfolio

Where You Will Work

This role will be based in our office in Victoria, BC.

Salary Range

The annualized salary range for this role will be CAD $164,000 - $190,000.

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

• performance‑based incentive plan
• comprehensive health & dental benefits
• a defined benefit pension plan
• paid time off

We pay our people competitively in the markets in which we operate and with consideration for internal equity and job structure.

Employer Information

We welcome all qualified candidates who are legally authorized to work in the country where this job is located.

If you do not have authorization, or if your work permit has restrictions or is due to expire within 12 months, please inform our recruitment team if shortlisted.

At BCI, we value diversity and foster an inclusive culture where all employees can thrive.

We recognize that some skills can be learned on the job.

If you require accommodations for the recruitment process, such as alternate formats of materials or accessible meeting rooms, please contact us at [e-mail].

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