Associate, Software Security Selection

** 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 $3.6trillion 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.

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.
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.
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* Job Description:

**** 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
*…