Associate, Real Estate Investments Full Time NEW

ABOUT US

We’re one of Canada’s largest pension investment managers, with CAD$264.9 billion of net assets as of March 31, 2024.
We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. 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, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.

EXPERIENCE THE EDGE

At PSP, we encourage our employees to grow, forge powerful relationships, contribute and fuel inspired investment launchpads. We are committed to a culture that fosters collaboration and allows us to think beyond, in an interconnected way. We advocate for our employees to speak-up, learn, experiment, share, and be part of an inclusive work environment where diversity is embraced.

We’re seeking an Associate, Real Estate Investments to join our Real Estate Investments team. The hire will be involved in all aspects of the real estate investments and the asset management process.

ABOUT YOUR ROLE

As an Associate, Real Estate Investments, you will:

Collaborate with investment managers in the analysis of potential real estate transactions across several asset classes including residential, office, retail, and industrial assets, and transactions in various forms: direct asset transactions, private funds, etc.
Act as a lead in the development and validation of financial models related to real estate investments (debt or equity)
Act as a lead in preparing investment recommendations memorandums for investment approval
Analyze cash flows and project returns
Analyze the impact of different assumptions on performance: revenue, operating expenses, financing, tax, fees, etc.
Analyze investment risks
Analyze the asset’s operating budget and financial statements
Analyze the partnership structure
Participate in preparing and presenting investment opportunities at weekly Real Estate Management Investment Committee meetings
Participate and support investment managers in the due diligence process
Summarize and follow up on external reports (physical, environment, financial, legal, tax, insurance and other reports)
Participate in drafting administrative documents
Business plans for the various assets, asset management presentations, partner reviews, presentations to PSP Investments’ Board of Directors, etc.
Collaborate with investment managers in active asset management of PSP Investments’ Real Estate portfolio
Conduct research and analysis of real estate markets, segmented by asset type and geography, to identify trends and opportunities in selected markets and asset classes
Engage in regular reviews of business plans, assessing and reporting on deviations from projected budgets
Perform ongoing valuation assessments to track and interpret real estate market values, ensuring alignment with current market conditions
Develop Major Decisions Memoranda, outlining evidence-based recommendations for asset-related decisions, including financing options, hedging strategies, leasing agreements, and more
Monitor real estate indexes
Some travel may be required.

WHAT YOU’LL NEED

Bachelor’s degree in Finance, Economics or Real Estate. M.Sc. in Finance or MBA, considered as an asset
Professional designation such as CFA or CPA are considered an asset
Up to four (4) years of relevant experience. Experience in analysis of real estate transactions, a definite asset
High level of proficiency with computer tools such as MS Office (most specifically Word, Excel and PowerPoint). Knowledge of ARGUS, an asset
Strong writing skills
Strong interest for the field of real estate investment
Strong financial analytical skills
Ability to build good relationships internally, as well as externally
Ability to manage a number of different projects at any given time and to manage deadlines
Good attention to detail and presentation of information
Outgoing self-starter; high level of autonomy
Proactivity, forward thinking and drive for results
Strong team player
Organized and methodical
Flexibility and adaptability
Work ethics and professional integrity
Good communications skills in English and French (or willingness to learn) (Regular interactions in English with investment partners based outside of Quebec Example: peers, bankers, brokerage firms, etc. and PSP employees in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)

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 with a mix of in-office and remote days

*Benefits package may vary based on your employee type.

At PSP, we aim to provide an inclusive workplace where we leverage diversity and 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.

Visit us on www.investpsp.com/en/
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