Senior Principal, Private Debt

BCI Corporation; Victoria; On-site; CAD 158,000 - 183,000; Full time

Job summary

A leading investment management firm in Victoria is seeking a Senior Principal responsible for evaluating and managing private debt investments. The ideal candidate has at least 7 years of relevant experience and strong financial modeling skills. This role involves conducting due diligence on investments and monitoring financial performance to mitigate risks. A competitive salary range of CAD $158,000 - $183,000 and comprehensive benefits are offered.

Benefits

Performance-based incentive plan

Comprehensive health & dental benefits

Defined benefit pension plan

Paid time off

Qualifications

• 7+ years experience in private debt, investment banking, M&A, private equity, or management consulting.
• Ability to form and defend independent credit opinions.
• Experience with leveraged loans, middle market debt, or high yield bonds is preferred.

Responsibilities

• Evaluate and manage private debt investments and external fund commitments.
• Conduct due diligence on prospective investments.
• Monitor assigned investments, identifying relevant opportunities and risks.

Skills

Decisiveness

Financial modeling

Analytical skills

Research skills

Sound judgment

Education

Relevant undergraduate/graduate university degree

Job description

About Us:

With $295.0 billion of gross assets under management, as of March 31, 2025, 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.

Position closing date: November 6, 2025

The Opportunity

Reporting to the Managing Director, the Senior Principal plays a key role in evaluating and managing private debt investments and external fund commitments. The Senior Principal’s activities include screening, due diligence and supporting the execution of new investments, ongoing monitoring of existing investments, participating in various projects, and staying abreast of trends in private credit and syndicated loan markets.

Department Description

The Capital Markets & Credit Investments (CM&CI) department manages C$165B of capital markets and credit investments (56% of total net AUM of BCI). The department invests globally across Credit, Equities, Fixed Income, Derivatives, and Absolute Return Strategies, with investment teams located in BCI\'s global offices in Victoria, Vancouver, New York, and London. As a leader in responsible investing, CM&CI actively integrates ESG factors into investment analysis and decision-making processes across all strategies.

Private Debt

The Principal Credit Fund (PCF) manages over $19B in assets. The Fund focuses on sponsor-backed lending across North America, Europe, and the Asia-Pacific region. The team has established strategic partnerships with leading private debt managers and has expanded into asset-backed lending (ABL) to enhance diversification and risk-adjusted returns. ESG considerations remain integral to the investment process, reinforcing the commitment to responsible investing.

What you bring

Must have:

• A relevant undergraduate/graduate university degree

• 7+ years experience in private debt, investment banking, M&A, private equity, management consulting, deal/financial advisory or rating agencies

• 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

Preferred:

• Experience with leveraged loans, middle market debt and/or high yield bonds

• Experience or knowledge of loan settlement process

• MBA/CFA designation or actively working towards it

What you get to do

Investment Analysis and Execution

• Works as an integrated part of deal teams, supporting the diligence of commercial, financial, tax, legal and ESG aspects of prospective investments

• Conducts and documents fundamental and relative value research on both private and public markets

• Synthesizes findings, key analysis and supporting documents in an organized and documented manner

• Writes effective screening, deal alert and investment memorandums. Delivers persuasive oral and written investment recommendations and rationale to the Principal Credit Investment Committee

• Interacts effectively with third party advisors as well as with BCI internal groups (e.g., Legal, Tax, Risk)

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

• Systematically develops objective and rigorous views on the long-term health and risk of companies within the portfolio

Where you will work

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

Salary range

The annualized base salary range for this Victoria-based role is CAD $158,000 - $183,000.

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. We pay our people competitively in the markets in which we operate and with consideration for internal equity and job structure. The base salary will consider factors such as the individual\'s skill set, experience, and internal equity. We aim for actual pay to be around the market median for expected performance and the upper quartile for excellent performance. Actual salaries may vary based on experience and expertise.

Next Steps:

To apply online, please submit your resume promptly. Applications will be actively reviewed, and those selected for an interview will be contacted. 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 are performance and client-focused, valuing integrity, and we want to know you if you share these values. We recognize that some skills can be learned on the job and encourage everyone to apply. If you require accommodations for the recruitment process, such as alternate formats of materials or accessible meeting rooms, please contact us at [e-mail].

To learn more about working with BCI, including our comprehensive benefits packages, our commitment to equity, diversity and inclusion and the recruitment process visit our BCI Careers Page.

BCI does not accept unsolicited resumes or candidate submissions from third-party recruitment agencies, executive search firms, or staffing suppliers unless they have an existing contractual agreement with our organization. Our approved vendor relationships are established for particular recruitment requirements and do not extend to general job postings on our website or other platforms. Any candidate information or resumes submitted by suppliers not approved by BCI will be deemed unsolicited and will not be reviewed or considered. BCI will not be liable for any fees, commissions, or charges related to unsolicited candidate submissions or recruitment services.