Senior Analyst​/Associate, Infrastructure Investments

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We’re one of Canada’s largest pension investors, with CAD $299.7 billion of net assets as of March 31, 2025. We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.

As an Associate, Infrastructure Investments in our Montreal office, you will work with a team of highly motivated professionals who pursue investments and manage a portfolio of infrastructure assets globally. You will be involved in all aspects of the investment process including research, origination, due diligence and analysis of investment opportunities, transaction execution, financing and asset management.

• Assessment of Infrastructure Investment Opportunities and Transaction Execution
  • Perform comprehensive analysis of investment opportunities and assess investment thesis, including key merits and risks
  • Assess target companies’ historical and projected financial information, strategic positioning and value proposition, industry dynamics, regulatory environment and other pertinent factors
  • Prepare, substantiate, and provide recommendations for equity valuations of investment opportunities
    • Build detailed operational and financial models for DCF valuation, determine and substantiate key valuation assumptions and conduct sensitivity analyses on main value drivers
    • Determine an appropriate expected return, commensurate with the level of risk embedded in the underwritten business plan
    • Research relevant public information available on listed comparable companies and precedent transactions, use key findings to benchmark valuation
  • Support or lead key due diligence activities conducted on target companies, including coordination and review of the work performed by third‑party advisors (commercial, technical, legal, financing, accounting, tax, environmental, etc.)
  • Participate in the preparation of investment memorandums and presentation of recommendations to the investment committees
• Monitoring and Active Management of Portfolio Investments
  • Monitor periodic financial and operating results and explain management plan variance
  • Prepare various ad‑hoc analyses of portfolio companies’ performance and trajectory
  • Support and participate in the portfolio companies’ periodic valuation process
  • Work alongside management teams to assess and execute investment opportunities, capital projects or refinancing activities pursued by portfolio companies
  • Support review of portfolio companies’ strategic alternatives and exit opportunities
• Supporting Business Development Initiatives
  • Keep abreast of important industry developments and publications and disseminate relevant information to the rest of the team
  • Conduct industry research and analysis to assist in the identification of investment opportunities in the infrastructure sector
  • Perform ad‑hoc deep dive research, prepare supporting analysis, attend conferences, interact with industry experts
  • Develop new and cultivate existing network of industry contacts to improve access to information for the entire team

Note:

the position requires travel.

• Bachelor’s degree in a relevant field, with an outstanding academic achievement
• Completion or current pursuit of a master’s degree or professional designation (CA, CFA, CBV) would be an asset
• Three (3) to five (5) years of relevant financial analysis, accounting, modelling, valuation and/or transactional experience in consulting, investment banking, financing, investing or corporate development
• Experience in the infrastructure and/or energy sectors, considered an asset
• Sol…