Banque de développement du Canada
Job title:
ASSOCIATE, THRIVE VENTURE FUND
Company
Banque de développement du Canada
Job description
We are banking at another level.Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs.Choosing BDC as your employer also means:Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a fewIn addition to paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1A hybrid work model that truly balances work and personal lifeOpportunities for learning, training and development, and much more…POSITION OVERVIEWBDC’s Thrive Venture Fund (TVF) is the largest of its kind globally, investing in Canada’s leading female entrepreneurs to drive transformative impact. The $300M fund was launched in the Fall of 2022 with a focused objective of investing in women-led, high growth, innovative technology companies in Canada.Our investments in female entrepreneurs are bringing game changing solutions to some of the worlds biggest challenges across industries and sectors. We seek highly driven founders and teams who are leveraging breakthrough innovations in technology with triple bottom line vision: focusing on people, planet and profit. TVF is sector agnostic and invests in late seed to Series B companies with strong growth and highly scalable market potential, that bring together the best innovation, team, and resources to transform today’s markets.As an Associate, you will be an integral member of our investment team and involved in all aspects of the investment and portfolio management process. You will assist the team in building and managing an existing and growing portfolio of investments, work on new investments and help us build the next fund to support even more women in tech in Canada. The next generation of exceptional Canadian technology champions will be led by women, and funded by BDC’s Thrive Venture Fund.CHALLENGES TO BE METPerform market research and scouting to inform the fund’s investment strategy, identifying emerging markets, verticals, technologies, or companiesConduct initial business plan reviews, support initial communications with entrepreneurs and referring sources, prepare initial interview memoranda and recommendations to pursue or decline dealsSupport a workstream of due diligence on companies’ market, competition, management, sales, products, cap table, and other factors that are relevant to determining potential business value and exit strategiesDetermine and validate performance metrics, creating valuation models, forecasts and financial pro formasDraft Investment Memos, most often focusing on the Financials and Market sectionsSupport Partners leading a deal during presentations to the Investment CommitteeAnalyze technical documentation and/or work with technical consultants to evaluate technologies, products, and servicesConduct reference calls with competitors, clients, industry experts, and prospect company’s current or past employeesDevelop and maintain appropriate information resources and subject-matter expertise in various industries, markets, and business trendsAnalyze materials from portfolio companies in order to assess company performance, comparing financials to forecasts and models, and relaying potential opportunities and issues;Participate occasionally in investee board meetings as an observer, keeping abreast of developments and escalating relevant information to PartnersAssist investees with introductions to potential suppliers, investors, and employeesAssist in managing the deal pipeline, quarterly/bi-annual reports, and providing financial analysisSupport other team members as appropriate during the development stage of an investmentEnsure that new and existing investments files are properly documented by monitoring investments, amendments, and disbursements, including financial analysis and forecastingSupport broader fund initiatives as required, including process support, ecosystem analysis/outreach, and other projects as required.Maintain involvement in associations within the investment community, and keep abreast of significant developments, activities, and initiatives in the industryStay on top of the current portfolio, identifying companies that are likely to raise funds for new and follow-on investments, and relaying information upwardsWHAT WE ARE LOOKING FOR5 years of venture capital or related experience in a role involving structured thinking, financial analysis, and/or technical expertise.Bachelor’s degree in Commerce, Economics, Science, Technology, Engineering or Mathematics (STEM).A post-graduate degree or equivalent certification, completed or in course, is valuable. Typical post-graduate credentials are likely to be, but are not limited to:Master’s degree in business administration (MBA)Other STEM Master’s or PhD degreeChartered Financial Analyst (CFA)Skills & KnowledgeStrong skills in Excel, particularly in building financial models that include sensitivity analysis and scenario modeling, as well as performing data analysis. Any other analytic tools and techniques are an assetGood ability to problem-solve using structured thinking and communication techniquesStrong ability to use other MS suite applications efficiently, mainly Word and PowerPointAbility to intervene pertinently in the context of a presentation to executive audiencesAbility to write an Investment Memo that is clear, concise, and eloquentOperational knowledge of any technical industry is an assetBilingualism in French and English is an assetMotivation and ability to do focused, independent work, in the context of a teamAbility to work collaboratively and build positive relationships with stakeholdersContinuous learning attitude, with maturity to take feedback constructivelyComfort working in a fast-paced environmentProudly one of Canada’s Top 100 Employers and one of Canada’s Best Diversity Employers, we are committed to fostering a diverse, equitable, inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application, please do not hesitate to contact us at .While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.
Expected salary
Location
Toronto, ON
Job date
Fri, 20 Sep 2024 23:01:51 GMT
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