Perspectives d'emploi

BCI

FINANCE, FINANCIAL REPORTING & VALUATIONS

Are you looking to bring your valuations and management experience to an exciting role, that will give you a chance to put your “own stamp” on how you grow and lead your team? We are currently seeking an experienced finance professional to join BCI’s Valuations team in either the Senior Manager or Manager position. This is a wonderful opportunity to lead and evolve a growing team. Come join us here, in beautiful Victoria, BC!

Closing Date: November 4, 2022

THE OPPORTUNITY

You will play a key role in the valuation of over 300 private investments in Private Equity, Infrastructure & Renewable Resources, Absolute Return Strategy, and Private Credit. Both the Senior Manager and Manager roles involve overseeing the valuation work performed by the valuations team, providing quality assurance on valuation reviews, and acting as a subject matter expert. You will work with the Asset Classes to manage the year-end and quarterly investment valuation processes and provide input on valuation policies and directives for both liquid and illiquid investments.

WHAT YOU BRING:

• At least ten years (or five, for the manager level) of experience in a finance or accounting function, including a minimum of six years (three for the manager level) valuing private equity, private debt, and infrastructure investments
• A professional accounting designation (CPA, CA; CPA, CGA; CPA, CMA or equivalent)
• CFA or CBV, or pursuing CFA or CBV, is an asset
• Strong knowledge of valuation principles for private investments, and experience in the application of various valuation approaches for equity and debt investments
• Previous experience coaching, training, and developing team members
• Strong written and verbal communication skills
• The ability to manage priorities and deadlines of multiple competing tasks within a team environment
• Strong organizational and project management skills
• Ability to incorporate opinions of others and achieve consensus
• Experience interacting with external advisors, senior management, and other stakeholders

WHAT YOU GET TO DO (SENIOR MANAGER):

• Lead the year-end and quarterly valuation processes for private investments, co-ordinating with investment teams, external managers, and external advisors to ensure completion of the process within tight timelines
• Assist in the management of external valuators including selection, relationship management, and monitoring and reporting on their work
• Oversee the valuation work performed by the valuation and investment accounting teams including managing workload, training, and quality assurance on valuation reviews
• Review fair value valuations prepared by investment teams and/or external valuators and internal valuations for select investments, including the preparation of schedules and memorandums to support the recommended value prepared by the valuations team
• Work with senior management in Finance, the Asset Classes, and the Valuation Committee to resolve valuation issues on specific investments (as required) and prepare memorandums to support Finance’s recommendation on fair value
• Drive continuous improvement in valuation processes, timelines, and reporting, by identifying potential efficiencies and areas of automation, recommending changes, and working with the Finance Operations team to implement changes
• Develop and manage efficient processes for valuation reporting, as well as gathering valuation information for presentation and disclosure in the pooled fund financial statements
• Act as a subject matter expert for private market valuations within BCI and respond to information requests and inquiries from internal and external auditors
• Prepare executive summaries and other analysis for the Executive Management Team, Valuation Committee, and Audit Committee
• Research valuation best practices, including maintaining a strong peer network. Stay up to date on valuation best practices and make recommendations for changes to BCI’s valuation policies, directives, and procedures as applicable
• Maintain proper controls for illiquid valuation processes and oversee the development of process documents

WHAT YOU GET TO DO (MANAGER):

• Manage the year-end and quarterly valuation processes for private investments, co-ordinating with investment teams, external managers, and external advisors to ensure completion of the process within tight timelines
• Review and analyze valuations prepared by external advisors and external managers, concluding on the reasonability of the valuations
• Prepare internal valuations for select investments, including the preparation of schedules and memorandums to support the recommended value
• Manage differences of opinion with both internal and external stakeholders, influencing outcomes to achieve consensus and escalating issues when required
• Oversee the work performed by the valuations team including managing workload, training, and quality assurance on valuation reviews
• Prepare executive summaries and present quarterly valuation results to the Valuation Committee
• Drive continuous improvement in valuation processes, timelines, and reporting, by identifying potential efficiencies and areas of automation, recommending changes, and working with the Finance Operations team to implement changes
• Respond to information requests and inquiries from external auditors, ensuring that valuation documentation meets audit standards
• Maintain controls for private investment valuation processes, pro-actively identifying any deficiencies and recommending improvements
• Stay up to date on valuation best practices and make recommendations for changes to BCI’s valuation policies, directives, and procedures as applicable

WHY APPLY TO JOIN BCI?

BCI is one of Canada’s Top 100 Employers and has built programs and benefits to support all our employees.

As an employee of BCI you will have access to benefits such as:

• Extended health and dental coverage
• 20 days’ vacation per year
• Participation in our defined benefit pension plan
• 2 paid days per year for volunteering
• Various wellness benefits

TO APPLY

Apply online with a copy of your resume. We encourage timely submissions of applications as candidates will be actively reviewed as the interview process may advance earlier.

BCI is happy to confirm we returned to our offices Monday, April 4, 2022. We are piloting a hybrid program whereby a majority of employees may work from home up to two days per week. Please note, some positions are not eligible for hybrid work.

This role is in our Victoria-based office. We offer relocation support for the selected candidate.

BCI has previously enacted a mandatory COVID-19 vaccination policy to safeguard the wellbeing of all employees. This policy is currently suspended and may be reinstated based on level of risk to BCI employees or Provincial Health Order requirements.