ABOUT THE TEAMPSP'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.
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