Associate, Infrastructure & Renewable Resources

About Us: With $295.0 billion of gross assets under management, as of March 31, 2025, British Columbia Investment Management Corporation (BCI) is the provider of investment management services for British Columbia’s public sector and one of the largest asset managers in Canada. BCI seeks investment opportunities around the world and across a range of asset classes that convert savings into productive capital. Our investment returns play a significant role in helping our institutional clients build a financially secure future for their beneficiaries. Headquartered in Victoria, British Columbia, and with teams spanning Vancouver, New York, London, and Mumbai. BCI integrates environmental, social, and governance (ESG) factors into all investment decisions to meet clients' risk and return requirements. Our people shape employee-focused initiatives, creating a strong culture. To learn more about our culture and values, visit our BCI Values in Action page. POSTING CLOSE DATE: June 2, 2026 THE OPPORTUNITY The Associate is a key member of the investment and asset management team, working directly on deals from origination through execution and asset management. The Associate role assists in conducting due diligence of potential infrastructure and renewable resources investment opportunities; preparing and presenting materials to investment committees; and monitoring existing investments. This individual will have a strong understanding of private markets / infrastructure investing and corporate finance principles, contributing significantly to the department's investment activities. The Associate role also supports co-investor and LP relationship management, including coordination with co-sponsors on jointly held assets and communication with external partners. Above all else, the Associate brings a long-term value investing mindset with excellent interpersonal and communication skills. WHO YOU WILL WORK WITH On behalf of BCI’s clients, the Infrastructure & Renewable Resources (I&RR) team invests globally in infrastructure assets and businesses that provide stable long-term investment returns. BCI’s I&RR portfolio has $32+ billion in AUM and ranks as the ninth largest institutional infrastructure investor globally. The portfolio spans a range of sectors including energy, transport, utilities, and data infrastructure as well as tangible assets such as timberland and agriculture.   I&RR seeks meaningful investments predominantly in private companies that allow us to pursue an active management and governance approach. The team invests in a variety of capacities in private markets including as a sole sponsor, co-sponsor, and very selectively through externally managed funds. In addition, I&RR takes positions in listed infrastructure businesses as well as debt investments as a complementary strategy to private markets investments.   In 2023, the I&RR team established their first international presence with the inauguration of their London, U.K. office. The new London office serves as a strong platform for the team to originate and manage investments in the U.K. and European markets, further solidifying BCI's commitment to global expansion and diversification. WHAT YOU BRING Undergraduate university degree in Business, Finance, Economics, Engineering, or related field Minimum 3-5 years’ experience within a leading private equity / asset management firm, investment bank, advisory/consultancy firm, corporate development team, or direct exposure to private market investments Advanced financial modeling capabilities with proven ability to build, manage, and maintain complex, dynamic models Strong understanding of private markets / infrastructure investing and a sound understanding of corporate finance principles Excellent interpersonal skills: i.e., a proven ability to build lasting trust-based relationships with a wide variety of stakeholders Outstanding written, verbal, and presentation communication skills with ability to distill complex information into concise messaging Expert-level Excel and PowerPoint skills Experience with data rooms, process management tools, and financial databases (Capital IQ, Bloomberg) Understanding of project finance, corporate finance, and infrastructure debt markets Preferred Previous infrastructure investment experience, with an emphasis on the energy sector (midstream/power and utilities), and/or Transportation including Public-Private Partnerships International education and/or experience Familiarity with ESG/responsible investment frameworks and their application to infrastructure asset evaluation and portfolio monitoring Professional designation completed or in progress (CFA, CBV, CPA, LLB, or MBA) is an asset WHAT YOU WILL DO Origination Conducts general industry, company, and fund research Identifies emerging investment themes in Infrastructure Assists in analyzing identified direct or fund investment opportunities Proactively supports the building of deal flow by cultivating relationships with sponsors, advisors, bankers, and other intermediaries to source proprietary and off-market investment opportunities Execution Leads financial modeling and valuation analysis for investment opportunities Assists due diligence workstreams including technical, commercial, and regulatory analysis Prepares internal investment committee approval materials (e.g. Investment Memorandum and other deal-related materials) Reviews transaction documents including SPAs, SHAs, and financing agreements in coordination with deal leads, internal legal counsel, and external advisors Manages co-investor and co-sponsor coordination during execution, including review of co-investor materials and co-ordinating diligence requests Presents investment recommendations to BCI's Investment Committee Asset Management Assists in the monitoring of existing investments Supports active portfolio improvement initiatives, including identifying and executing value creation opportunities, operational enhancements, and strategic initiatives at portfolio companies Oversees the end-of-the-year valuation of direct and indirect investments Supports the review of annual budgets and prepare supporting analysis Supports BCI’s governance role at portfolio companies, including review of board and committee materials and participation in committee-level discussions where applicable Others Assists in preparation of long-term portfolio strategies Provides guidance and mentorship to junior team members (Analysts), including review of their financial analysis and supporting their professional development Travels when required, for due diligence or asset management WHERE YOU WILL WORK This role will be based in our office in downtown Victoria, BC. We are an in-person collaborative organization with the flexibility to work remotely one day a week SALARY RANGE The annualized base salary range for this Victoria-based role is CAD $120,000 - $135,000. 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. Next Steps: To apply online, please submit your resume promptly. Applications will be actively reviewed, and those selected for an interview will be contacted. We welcome all qualified candidates who are legally authorized to work in the country where this job is located. If you do not have authorization, or if your work permit has restrictions or is due to expire within 12 months, please inform our recruitment team if shortlisted. At BCI, we value diversity and foster an inclusive culture where all employees can thrive. We are performance and client-focused, valuing integrity, and we want to know you if you share these values. We recognize that some skills can be learned on the job and encourage everyone to apply. If you require accommodations for the recruitment process, such as alternate formats of materials or accessible meeting rooms, please contact us at hr@bci.ca. To learn more about working with BCI, including our comprehensive benefits packages, our commitment to equity, diversity and inclusion and the recruitment process visit our BCI Careers Page. BCI does not accept unsolicited resumes or candidate submissions from third-party recruitment agencies, executive search firms, or staffing suppliers unless they have an existing contractual agreement with our organization. Our approved vendor relationships are established for particular recruitment requirements and do not extend to general job postings on our website or other platforms. Any candidate information or resumes submitted by suppliers not approved by BCI will be deemed unsolicited and will not be reviewed or considered. BCI will not be liable for any fees, commissions, or charges related to unsolicited candidate submissions or recruitment services. To learn more about us, visit our BCI website With our values as our anchor, it’s our people who create the environment we work in each day. BCI has been recognized as one of Canada’s Top 100 Employers – for the sixth consecutive year – and has built programs and benefits to support all our employees. To learn more about working with BCI, including our competitive benefits packages, our commitment to equity, diversity & inclusion and the Recruitment process visit our BCI Careers Page We pay our people competitively in the markets in which we compete for talent and with consideration to internal equity and job structure. We aim for actual pay to be around the median of the market for target or expected levels of performance, and around the upper quartile of the market for excellent performance. The philosophy is principles-based and emphasizes pay-for-performance, long-term results, and meeting clients’ expectations. Our people help shape employee-focused initiatives and create the environment we work in each day – which further strengthens our culture. To learn more about our employee experience, visit our BCI Values in Action. There you will see how feedback from our employees was used to articulate our Employee Value Proposition (EVP), composed of three pillars: Performance with Purpose, Built on Collective Expertise, and Accelerating Innovation.