Career Opportunities

CAAT Pension Plan

We are looking for an Associate, Real Asset Investments (Infrastructure, Real Estate, Natural Resources) to join a small, dynamic Real Assets investment team at a growing pension plan. Reporting to the Director, Real Assets, the Associate will be actively involved in all aspects of the investment process. The role will support the implementation of CAAT’s investment strategy, conduct due diligence, execute and monitor CAAT’s Real Asset investments.

Residing within CAAT’s Investment team, the Real Assets team is focused on building a globally diversified portfolio of infrastructure, real estate and natural resources private equity investments through fund commitments, co-investments and minority stakes. The Associate will have exposure to a unique set of career development and learning opportunities beyond those typically available within large investment functions and will have the opportunity to make an impact on the portfolio strategy and team culture.

We are looking for someone with the following

Education:

• An undergraduate degree in Commerce, Finance, Economics, Mathematics, Engineering or other related disciplines
• Possessing or pursuing an MBA, MFin, CFA, CPA, CBV, CAIA, PEng or any other relevant professional designation would be an asset

Experience & Skillset:

• A minimum of 3 years of experience in institutional investing, private markets/private equity investing, investment banking, investment advisory or at a Big 4 accounting firm
• Strong knowledge of private markets/private equity investing, due diligence, portfolio management and capital markets. Knowledge of the real assets investment universe or experience working on infrastructure, real estate or natural resources transactions would be an asset
• Excellent technical skills (financial modeling, financial analysis, valuation) with the ability to think critically
• Excellent verbal and written communication skills – able to make concise and informative recommendations and presentations

Attributes:

• Proactive and resourceful, able to take ownership of the work and exercise good judgment with meticulous attention to details
• Ability to work collaboratively in a small, informal team setting or independently with solid prioritization and organizational skills
• Keen on suggesting improvements and contributing new ideas
• A positive attitude with strong work ethic, honesty, integrity and humility

Responsibilities

Investment Process:

• Support the screening, evaluation and execution of prospective investment opportunities. Take ownership of due diligence workstreams (e.g. financial, legal, tax) and assist in managing third parties (e.g. advisors, lawyers). Review and provide guidance to junior team members where appropriate
• Assist the Director in triaging incoming investment opportunities through initial analysis, diligence and research
• Independently perform detailed track record analyses on investment managers, and sensitivity and investment case analyses on prospective co-investments
• Prepare materials for and participate in external due diligence sessions and/or internal meetings
• Apply investment judgment with the ability to understand the wider deal context while focusing on key merits and risks
• Prepare written investment memos for new investment opportunities. Support the Director in presenting recommendations to the Investment Committee
• Maintain a prioritized pipeline of investment opportunities in tandem with the pacing model for the Real Assets portfolio

Portfolio Management:

• Monitor ongoing portfolio performance at the fund and asset level to ensure the Director has up-to-date knowledge of their status
• Assist in the preparation and review of Real Assets-related quarterly reports, as well as other ad-hoc reporting materials for the Investment Committee and for senior management
• Remain abreast of real assets investment themes and trends. Conduct research and perform special projects as needed

Internal Initiatives:

• Contribute to developing a creative approach to assessing new investment opportunities and company track records
• Actively contribute to Real Assets and Investment team discussions
• Contribute to the standardization, documentation, and improvement of CAAT’s private market investing practices and processes

About CAAT

We’re CAAT Pension Plan, and we’re growing. We innovate defined benefit (DB) pension plans. What are they? Unlike other pension plans, they specifically define the lifetime benefits our members will receive in retirement. This means that our members know exactly what they’re getting every month – for life! Because we provide that certainty, we help more Canadians retire with greater financial security and priceless peace of mind, and take pressure off the social safety net at the very same time, which frees up those resources for other Canadians who really need them.

What does CAAT offer you and what should you know about us?

• Our vision is to provide an environment where employees can bring their whole, authentic selves to work. That’s what drives our culture – one that’s truly one of a kind. In fact, we have been recognized as one of Canada’s Most Admired Corporate Cultures for 2019, 2020 and 2021, as one of Greater Toronto’s Top Employers for 2020 and 2021, and by Canadian HR Reporter as one of the Best Places to Work for 2021.
• We provide membership in CAAT’s defined benefit (DB) pension plan, a flexible and collegial work environment, a comprehensive health and dental benefits package, life insurance, and an array of wellness programs
• Everyone is a leader at CAAT, so we invest in our people and enthusiastically support your career development goals, regardless of your role, with access to tuition aid and learning opportunities like our ground-breaking CAAT Academy
• We are conveniently located at the Eaton Centre in downtown Toronto, next to Queen Subway station, with ready access to multiple TTC routes, GO Transit, and the PATH. We are working remotely at present due to the COVID-19 pandemic.
• You can learn more at www.caatpension.ca

Please note that as part of the recruitment process, shortlisted candidates will be required to take a 4-hour case study test to evaluate written and technical skills.

DEFINITELY INTERESTED? Apply with your resume and cover letter on LinkedIn or https://www.caatpension.ca/careers by September 22, 2022 with Associate, Real Asset Investments in the subject line.

We recruit and select the most qualified candidates and thank all applicants for their interest but only those considered for an interview will be contacted.

CAAT Pension Plan is an equal opportunity employer that supports abilities and diversity of all kinds. If you require accommodation during the recruiting and selection process, please contact us at hr@caatpension.ca or call Human Resources at 416-673-9000.