Senior Principal, Private Debt

DEPARTMENT DESCRIPTION

The Capital Markets & Credit Investments (CM&CI) department manages C$165B of capital markets and credit investments (56% of total net AUM of BCI). The department invests globally across Credit, Equities, Fixed Income, Derivatives, and Absolute Return Strategies, with investment teams located in BCI’s global offices in Victoria, Vancouver, New York, and London. As a leader in responsible investing, CM&CI actively integrates ESG factors into investment analysis and decision-making processes across all strategies.

Private Debt  

The Principal Credit Fund (PCF) manages over $19B in assets. The Fund focuses on sponsor-backed lending across North America, Europe, and the Asia-Pacific region. The team has established strategic partnerships with leading private debt managers and has expanded into asset-backed lending (ABL) to enhance diversification and risk-adjusted returns. ESG considerations remain integral to the investment process, reinforcing the commitment to responsible investing.

What you get to do

Investment Analysis and Execution

• Works as an integrated part of deal teams, supporting the diligence of commercial, financial, tax, legal and ESG aspects of prospective investments
• Conducts and documents fundamental and relative value research on both private and public markets
• Synthesizes findings, key analysis and supporting documents in an organized and documented manner
• Writes effective screening, deal alert and investment memorandums. Delivers persuasive oral and written investment recommendations and rationale to the Principal Credit Investment Committee
• Interacts effectively with third party advisors as well as with BCI internal groups (e.g., Legal, Tax, Risk)

Portfolio Monitoring and Oversight

• Monitors assigned investments, identifying relevant opportunities and risks including: tracking/evaluating performance metrics, ongoing review against original investment thesis, ongoing strategic fit, significant changes impacting the company, valuation issues and industry developments
• Systematically develops objective and rigorous views on the long-term health and risk of companies within the portfolio

WHERE YOU WILL WORK  

This role will be based in our office in downtown Victoria, BC.

SALARY RANGE  

The annualized base salary range for this Victoria-based role is CAD $158,000 – $183,000.

BCI offers a competitive total rewards package, including a performance-based incentive plan, comprehensive health & dental benefits, a defined benefit pension plan, and paid time off. We pay our people competitively in the markets in which we operate and with consideration for internal equity and job structure. The base salary will consider factors such as the individual’s skill set, experience, and internal equity. We aim for actual pay to be around the market median for expected performance and the upper quartile for excellent performance. Actual salaries may vary based on experience and expertise.