Senior Analyst / Associate, Credit Investments

PSP Investments | Investissements PSP; New York (NY); Hybrid; USD 105,000 - 160,000; Full time

Benefits offered by this job

Career development

Group insurance plans

Pension plans

Virtual healthcare services

Family leave policy

Hybrid work model

Global talent opportunities

Job summary

PSP Investments | Investissements PSP is seeking a Senior Analyst or Associate, Credit Investments, to analyze and underwrite private credit opportunities. The role involves building financial models, performing due diligence, and drafting investment memoranda for decisions.

Strong Excel skills and English communication are essential. The team monitors portfolio performance and collaborates with Legal, Risk and Tax.

Qualifications

• Bachelor’s degree in business, finance, accounting, economics or comparable discipline with strong academic standing.
• Two to four years of relevant experience in investment banking, leveraged finance, private credit, credit research or buy-side investing; depth/breadth reflected in level.
• Strong financial modelling, investment judgement, accounting analysis and valuation skills.
• High attention to detail, presentation skills, strong organization and ability to manage priorities.
• Advanced proficiency with Excel, Word and PowerPoint.
• Direct lending or credit investing experience is an asset.
• CPA/CA, MBA and/or CFA progress or completion is an asset.
• Good communication skills in English.

Responsibilities

• Perform preliminary analysis of CI investment opportunities including reviews of equity, fixed income, ratings, and public information.
• Participate in due diligence, identify key merits/risks, meet with management, review data-room documents and third-party reports.
• Lead in building and reviewing detailed financial models and running multiple scenarios.
• Assist in drafting commitment papers and legal documents.
• Prepare investment recommendation memorandums for decisions and present to Investment Committee.
• Interface with Legal, Risk, and Tax groups in investment reviews.
• At Associate level, manage defined transaction workstreams and guide junior team members.

Skills

Financial modelling

Investment judgement

Valuation

Attention to detail

Presentation skills

Organization

Communication in English

Time management

Education

Bachelor’s degree in business/finance/economics

Tools

Excel

Word

PowerPoint

Job description

About Us

We’re one of Canada’s largest pension investors, with CAD$320.6 billion of net assets as of March 31, 2026.

We invest funds for thepension plans of thefederalpublicservice, the Canadian Forces, the Royal Canadian Mounted Police andthe ReserveForce. 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 Investments, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.

About The Team

PSP’s Credit Investments (CI) group manages a global portfolio of approx. US$25 billion across more than 125 portfolio companies, with investors located in New York, London and Montréal. The team develops long-term partnerships with leading private equity sponsors, direct lenders and companies, and invests across private and broadly syndicated transactions and across the capital structure. Products include first and second-lien, unitranche, and delayed-draw term loans, revolvers, private or public high-yield notes, HoldCo PIK notes and preferred equity. In addition, the team is actively deploying capital for a new Investment Grade mandate and Infrastructure Debt sub-strategy. CI works across asset classes through PSP’s One PSP culture to optimize relationships and investments.

About Your Role

As a Senior Analyst or Associate, Credit Investments, you’ll:

Investment analysis and transaction underwriting

• Perform preliminary analysis of CI investment opportunities: review equity, fixed income, and ratings reports as well as public information and existing credit documents
• Participate in due diligence of CI investments, identify key investment merits and risks, meet with management teams, review data-room documentation, and third-party reports
• Act as lead in building and reviewing detailed financial models, including running and analyzing multiple operating scenarios
• Assist the team in drafting legal documentation, such as commitment papers
• Participate in the preparation of investment recommendation memorandums for investment decisions.
• Actively participate in the presentation of investment proposals to the Investment Committee
• Interface with Legal, Risk, and Tax groups in the review of proposed investments
• At the Associate level, independently manage defined transaction workstreams, coordinate team deliverables and provide technical guidance, feedback and coaching to less experienced team members

Portfolio monitoring and investment administration

• Lead the review of portfolio-company financial reporting, covenant compliance and operating performance
• Prepare and present periodic portfolio reviews, risk assessments and recommendations, and track performance against internal Risk Management Group guidelines
• Coordinate follow-up actions with portfolio companies, sponsors, internal partners and external advisers, including amendments, waivers and other portfolio matters as required
• Contribute to portfolio analytics, valuation, reporting and process improvements, and interface with Accounting and Internal Control as required

What You’ll Need

• Bachelor’s degree in business, finance, accounting, economics or a comparable discipline, with strong academic standing
• Two (2) to four (4) years of relevant experience in investment banking, leveraged finance, private credit, credit research or buy-side investing; the final level will reflect the depth and breadth of demonstrated experience
• Strong financial modelling, investment judgement, accounting analysis and valuation skills
• High attention to detail, presentation skills, strong organization and the ability to manage priorities
• Advanced proficiency with Excel, Word and PowerPoint
• Direct lending or credit investing experience is an asset
• CPA/CA, MBA and/or progress toward or completion of the CFA designation is an asset
• Good communications skills in English

The base salary will range from $105,000 - $160,000 per year. PSP offers globally aligned compensation structures which are sensitive to local market conditions.

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 that includes four in-office days, Monday through Thursday
• The opportunity to work temporarily from another location in accordance with the applicable policy
• Benefits package may vary based on your employee type.

At PSP Investments, we aim to provide a workplace 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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