At IMCO, our talent is among the best! IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career. We offer a culture of collaboration and passion, creating unwavering value for the clients we serve. Our vision is to be the partner of choice for Ontario’s public sector funds and build a high-performing, value-based Asset Management firm in the heart of downtown Toronto. If you are ready to drive best-in-class service, and join a collaborative, motivated, and fun team of professionals, we’re ready to offer you a great place to work with exciting opportunities for growth and development. If you want to use your expertise to drive strategic business outcomes, then we want you at IMCO! We are looking for an Analyst to join the Global Credit team during an exciting time as we grow and refine our ~$9B global credit portfolio. The Analyst will assist in sourcing, structuring, and monitoring IMCO’s investments in external public credit and private credit funds. The role will involve assisting in due diligence of potential private credit fund commitments in addition to post-investment monitoring and analysis of portfolio performance. The role involves developing a strong understanding of the Global Credit investing space and building and sharing knowledge of innovative trends and opportunities across the team. The successful candidate will bring strong analytical and critical thinking skills, a keen interest in investing and credit markets, and a passion for driving thoughtful dialogue and impact. Responsibilities: Funds: contribute to all aspects of the deal process including: Assist in screening and conducting due diligence on private credit fund investments (ie. Middle Market Direct Lending Funds, Alternative Credit Funds) and other private credit strategies Interact with fund and investment managers to conduct in-depth portfolio and asset-level underwriting and analysis Perform quantitative and qualitative research and analysis on fixed income credit markets, companies and assets across stages, industries, and geographies Assist in preparing due diligence materials and investment committee memos Track and analyze market transaction trends Post-investment Fund and Portfolio Monitoring, including: Conduct post-investment monitoring of public and private credit funds and manager’s investment strategies, ensuring investment objectives and expectations are met Monitor and analyze sources of fund and portfolio investment performance; conduct performance attribution analysis, peer benchmarking and assess fund and portfolio analytics Attend quarterly and annual fund meetings, formal manager reviews and manager on-site visits; prepare and maintain monitoring memos Maintain strong relationships with fund managers; plan and manage ongoing engagement Maintain a strong understanding of the fund managers’ portfolios, review transactions and identify innovative trends and opportunities for collaboration on direct investments Ongoing Asset management, including: Apply investment management knowledge to support the Credit team by generating research and analysis which contribute to policies, procedures, and strategies to improve the portfolio’s risk-return profile. Contribute to the maintenance of Global Credit databases. Develop, generate, and collate periodic and ad-hoc analysis using various sources for investment and portfolio management, and to satisfy board and client reporting requirements. Contribute to ad-hoc projects as required to further the development of the Global Credit strategy and processes. Perform other duties as assigned What do you need to succeed? Undergraduate degree (Finance, Economics, Mathematics, Engineering or Business Management preferred) CFA Charterholder or progress towards the designation, MBA or other related master’s degrees are considered assets. 2+ years of experience in an investments, asset management, consulting, or other related role involved in evaluating new investment opportunities Strong interest, understanding and previous exposure to either private credit, private equity and/or private markets Excellent quantitative skills, analytical, and valuation skills to support the evaluation of investment opportunities Strong verbal and written communication skills with the ability to explain complex issues in a clear and compelling manner and present information to internal/external stakeholders Team player with a proven ability to build relationships across all levels of an organization as well as external clients and stakeholders What IMCO Can Offer You: We thrive on the challenge to be our best, to deliver an unparalleled employee experience and to work as one team to continuously improve the management of broader public-sector investment funds. In addition to offering a competitive salary and comprehensive benefit package, we pride ourselves on helping you reach your potential, making a difference in our communities, and achieving success that is mutual. We thank all applicants, however, only those selected for an interview will be contacted. Our hybrid work model offers flexibility and provides our employees with the opportunity to lead a well-balanced life. Our Corporation’s offices located at 16 York Street, Suite 2400, Toronto, ON M5J 0E6 provide a welcoming space for employees to gather, work collaboratively, and grow together. IMCO is committed to providing accommodation for people with disabilities in its recruitment process. Please advise IMCO if you require an accommodation and we will work with you to meet your needs. Candidates being considered for this position will be required to submit to a background screening. The Investment Management Corporation of Ontario (IMCO) is Ontario’s professional asset manager, investing on behalf of our public sector clients so they can care for beneficiaries and secure retirement futures. With approximately $86 billion in assets under management, we are one of the largest institutional investment managers in Canada and around the globe. Our mandate is to provide broader public sector clients with exceptional investment management services, including best-in-class advice around portfolio construction, efficient access to a diverse range of asset classes and superior reporting on risks and returns. Our vision is to rank among the world’s leading public-sector asset managers. We will achieve this through an unwavering focus on creating client value. That means ensuring that we deliver the returns required for our clients to meet their long-term financial obligations.
