Job ID: 17-44
Job Title: Sr. Analyst, Private Equity Finance
Preferred Employment Type: Permanent Full-time
Date Posted: March 16, 2017
HOOPP’s core values – professional, accountable, collaborative, compassionate and trustworthy – guide its every interaction with HOOPP members and employees. As one of Canada’s largest and most respected multi-employer pension plans, HOOPP invests the net assets of its $63.9 billion Fund, administers the Plan and pays approximately $1.9 billion in pension benefits per year. With over 309,000 members and pensioners, and more than 490 participating employers, HOOPP’s mission to deliver on the pension promise remains strong.
To remain one of the leading pension plans in Canada, we must continually challenge ourselves to improve our product, services and investment performance. HOOPP offers a professional environment designed to bring out the best in its employees. The organization’s size and structure bring decision-making, accountability and ownership to the individual employee level. HOOPP employees are flexible and adaptable to work in cross-divisional teams in a fast-paced, rewarding environment.
HOOPP is an equal opportunity employer. We recruit and select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact Human Resources. Our HR team will consult with you so that arrangements can be made for reasonable accommodation.
Reporting to the Senior Director, Private Equity, the Sr. Analyst, Private Equity Valuation is responsible for reviewing and evaluating the annual Private Equity valuations prepared by Investment Management and communicating any concerns to the Senior Director, Private Equity. This role will also ensure that indirect investments through limited partnerships are appropriately valued in HOOPP’s financials. In addition, the Sr. Analyst will provide operational support, where needed.
Duties and Responsibilities
- Assist with the Private Equity annual valuation review process – which includes reviewing investment valuation memorandums prepared by Investment Management, preparing independent valuation models, evaluating comparable trading multiples and market transactions and general research into industry and market conditions. Initial discussions with staff members of Investment Management to examine differences, gather additional financial information and arrive at a preliminary value recommendation to discuss with the Senior Director. Escalate issues and other matters to the Senior Director for resolution.
- Review quarterly Limited Partners (LP) reports to ensure fair values provided are reasonable and supportable as well as gather relevant valuation metrics to develop and populate a knowledge database as it relates to key information disclosed by the General Partners (GP) including multiples achieved on sale of investments.
- Assist in establishing valuation best practices and implement process improvements. Develop and implement standardized valuation models and valuation reporting for the group. Participate in process improvement initiatives as it pertains to the valuation and operational processes of the Private Equity portfolio. Recommend policy changes as necessary.
- Keep abreast of valuation standards (CICBV) and fair value standards (IFRS, IPEV), technical valuation approaches and methodologies of various asset classes (Common Equity, Preferred Shares and Debt Instruments) as well as knowledge in application of Black Scholes option pricing.
- Assist in ensuring the effective implementation and maintenance of financial control systems for Private Equity investments.
- Assist in external audit process. Prepare working papers and supporting documentation and respond to queries from the auditors relating to valuations.
- Provide support to other team member in the execution of the operational duties of the private equity portfolio. This could include:
- Timely recording of transactions in the private equity system, Private I (e.g. set up of investment details, and recording of cash transactions, and fair value changes);
- Ensure relevant agreements and documents are complete and up-to-date;
- Build relationships with limited partnership managers. Ensure they understand and comply with HOOPP data and reporting requirements and timelines;
- Respond to queries from Investment Management and provide materials and analysis as requested;
- Assist in the preparation of monthly, quarterly and year-end reporting requirements, as needed;
- Coordinate preparation and submission of US and Canadian tax filings for legal entities, including preparation of supporting financial statements.
Qualifications and Skills
- Undergraduate in Finance, Commerce or related discipline
- Professional designation such as CPA and CBV (or working toward the designation)
- 3-5 years’ experience in private equity valuation, preferred shares and debt instruments
- Experience in Black Scholes option pricing would be an asset
- Experience in use of Bloomberg and Capital IQ a requirement
- Knowledge of business valuations and strong research skills
- Strong financial modeling skills
- Strong analytical and problem solving skills
- Attention to detail, accuracy, and completeness is extremely important along with the ability to handle multiple tasks efficiently
- Excellent interpersonal skills to facilitate interaction with Investment Management staff and external fund managers
- Ability to respond to queries on numerous topics effectively and promptly
- Ability to meet tight deadlines and to manage conflicting priorities
- Proactive self-starter who is highly motivated and results-oriented
- Ability to work independently with minimal direction
- Demonstrated ability in developing and implementing process improvements
Candidates can apply by clicking this Link