Associate Director, Private Markets Asset Management

THE ROLE

This is an exciting opportunity for an exceptional individual to join a team of high performing professionals and make a significant impact.

Reporting to the Senior Managing Director, Head of Private Markets, the Associate Director, Private Markets Asset Management (“AD, PM”) will build strong trusted relationships and communicate effectively with internal and external stakeholders in support and development of UPP’s Private Markets strategy & portfolio. An inclusive ‘one fund’ mindset will unite the investment team in a shared mission to meet the pension promise, deliver on UPP’s expectations as a responsible investor, and position our investment platform as a key competitive differentiator.

This role is based in downtown Toronto under a hybrid work policy, allowing employees the flexibility to work remotely and in-office (approximately two days per week in-office).

SPECIFIC ACCOUNTABILITIES

• Contribute to the development of UPP’s Private Markets investment strategy on an on-going basis.
• Facilitate collaboration and sharing of best practices and market trends across all private market asset classes.
• Coordinate active asset management and monitoring of UPP’s Private Markets portfolio, with asset class specialists and Senior Managing Director, Head of Private Markets.
• Coordinate and develop processes for ongoing reports on valuations, risks, and performance on the UPP Private Markets portfolio ensuring UPP has up-to-date knowledge.
• Perform due diligence and research on ad hoc topics arising in the Private Markets portfolio and provide recommendations to the Senior Managing Director, Head of Private Markets.
• Collaborating with internal UPP teams on topics related to the performance, reporting and ongoing fair market valuation of UPPs Private Markets investments.
• Coordination with the broader UPP Investment team on topics related to management fee budgeting and reporting, capital budgeting/investment pacing, ESG-related reporting, risk reporting, foreign exchange, hedging, liquidity, benchmarking, etc. as it pertains to UPP’s Private Markets investments.
• Preparation of investment performance commentaries, in collaboration with relevant private markets asset class specialists, for internal and external distribution including regular and ad hoc meetings, investment committee meetings, as well as periodic reporting.
• Developing proposals to enhance risk-adjusted performance of the overall Private Markets portfolio, considering all aspects of portfolio management, to ensure effective management of costs, risks and returns.
• Develop strong relationships with external investment partners and contribute to developing strong long-term partnerships.
• Integrate environmental, social and governance considerations into asset management processes and stewardship practices.
• Contribute to UPP’s reputation as a respectful employer, partner, and participant in the financial sector.
• Collaborate with other industry participants to promote a sustainable economy and society.
• Other duties as required.