Job Specifications
Company Description
Make an impact at a global and dynamic investment organization
When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians.
CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6 trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, São Paulo, and Sydney.
CPP Investments successfully attracts, selects, and retains talented individuals from top-tier institutions worldwide. Join our team for access to:
Stimulating work in a fast-paced and intellectually challenging environment
Accelerated exposure and responsibility
Global career development opportunities
Diverse and inspiring colleagues and approachable leaders
A hybrid-flexible work environment with an emphasis on in-person collaboration
A culture rooted in principles of integrity, partnership, and high performance
An organization with an important social purpose that positively impacts lives
If you have a passion for performance, value a collegial and collaborative culture, and approach work with the highest integrity, invest your career here.
Job Description
We are recruiting for an Associate to join our Securities Selection team in our Active Equities department. The successful candidate will be joining a domain team which focuses on companies within the Global Software and IT Services sectors. Reporting to the Managing Director, Active Equities, the Associate is responsible for conducting sector focused, deep bottom-up fundamental research primarily on investment ideas and current portfolio holdings. The position is based in Toronto.
Team Summary
The Active Equities (“AE”) department invests in large-cap public and pre-IPO equities in North America, Europe, Asia and LATAM. The strategy employs bottom-up and deep fundamental research insights to create a concentrated market-neutral portfolio of high conviction long and short investments. The Security Selection team has a global structure with the focus of generating differentiated long and short insights by leveraging specific domain level expertise.
Accountabilities
Work directly with investment professionals on the Global Software domain team to evaluate potential long and short public and pre-IPO investment opportunities in the software and IT services sectors
With guidance, execute investment research leveraging domain expertise and deep fundamental research insights within the software and IT services sectors
Participate in meetings with the company management teams, industry experts and attend industry and broker conferences as part of the research process, with travel where necessary
Maintain company financial models and perform valuation analysis, including DCF and comparable company analyses; apply statistical analysis to support investment decisions
With guidance, prepare analytical investment reviews and recommendations in collaboration with the team, including industry overviews, written investment memos and due diligence reviews
Research, analyze and monitor macro level industry trends and fundamental performance of existing portfolio holdings
Increasingly incorporate research insights by leveraging alternative data sets
Qualifications
Undergraduate degree in relevant field or advanced degree or certification; (CFA) is an asset
2-4 years of relevant work experience working for an investment management, private equity, investment bank or management consulting firm
Knowledge and passion for investing and the technology sector
Expertise in accounting / finance and ability exhibit knowledge through financial modeling
Strong research, analytical, financial modeling, valuation, problem solving skills and ability to think creatively
Advanced computer/technical skills – MS Excel, MS PowerPoint, Bloomberg
Advanced technical skills an asset: Python, SQL, exposure to Big Data workflows and analytic tools (Spark/Databricks, etc.)
Strong written, verbal and presentation skills
Highly detail-oriented with an ability to produce high quality work
Ability to prioritize work and simultaneously manage multiple responsibilities
Team-oriented and collaborative
Keen interest in capital markets and the investment research process
Exemplify CPP Investment’s Guiding Principles: Integrity, Partnership and High Performance
Additional Information
Visit our LinkedIn Career Page or Follow us on LinkedIn.
At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.
We thank all applicants for their intere
About the Company
CPP Investments is a professional investment management organization with a vital purpose: to help provide a foundation on which Canadians build financial security in retirement. To help maximize the CPP Fund for generations to come, we invest across all major asset classes: public equities, private equities, real estate, infrastructure and fixed income instruments.
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