WorkSafeBC is dedicated to promoting safe and healthy workplaces across British Columbia. We partner with workers and employers to save lives and to prevent work-related injury, disease, and disability. When work-related injuries or diseases occur, our no-fault insurance system provides peace of mind for workers and their families, and for their employers. We also provide compensation and support workers in their recovery, rehabilitation, and safe return to work. We’re honoured to serve more than 2.7 million workers and 280,000 registered employers in our province.

Experience:

Senior-level

Salary Range:

Not Specified

Position description

As an insurer, WorkSafeBC has a significant responsibility to ensure the financial viability of the compensation system through the management of the Accident Fund. WorkSafeBC’s Board of Directors (BOD) is responsible for the management of the Accident Fund (about $24.5 billion) and must manage it in the best interests of the workers’ compensation system. To assist in this responsibility, the BOD has established an Investment Committee to oversee the Accident Fund and to implement the BOD’s “Statement of Investment Policies and Goals.” Day-to-day investment management is provided by the BC Investment Management Corporation (BCI). The Investment Committee is also supported by WorkSafeBC’s Investment department.

Over the past few years, BCI has been undergoing a significant transformation to increase its internal management of client funds, utilize more sophisticated investment strategies to enhance risk-adjusted returns, and modernize its systems. This has resulted in increasingly more complex functions and strategies for the Investment Committee to oversee, review, and consider for recommendation to WorkSafeBC’s BOD. As of December 31, 2023, the Accident Fund invests in a diversified range of asset classes, including public and private debt, public and private equities, real estate and infrastructure, and renewable resources.

The Investment Committee is currently comprised of eight voting members, including five independent members with investment and/or actuarial backgrounds, the Finance and Audit Committee chair, the CEO of WorkSafeBC, and the CFO of WorkSafeBC. WorkSafeBC is commencing a search for an individual with institutional investment expertise to sit as an independent voting member starting in early 2025.

Committee members are expected to attend quarterly committee meetings, consisting of three in-person meetings and one virtual meeting. Committee members may also be asked to participate in ad-hoc meetings, when needed.

Required skills / Experience

The preferred candidate will have extensive institutional investment experience in management and/or governance oversight roles. Ideally, the candidate will bring specific experience in private assets or alternative investments (e.g., infrastructure and renewable resources, real estate, private debt and equity, and hedge funds) and/or knowledge of the global macroeconomic environment.

Investment Committee Member
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How to Apply

Email WorkSafeBCIC@worksafebc.com if you would like to apply. All resumes must be submitted by November 20, 2024.