Ontario Teachers' Pension Plan
The opportunity
An exciting opportunity for you to support the execution of OTPP’s valuation function for an assigned portion of a private investment portfolio that includes in excess of 150 investments across a number of asset classes, including private equity, real estate, natural resources, infrastructure, and venture capital. You will also be accountable for the mentorship and development of junior staff in Finance supporting in the valuation process during peak periods.
Who you’ll work with
You will be working side by side with a highly skilled team of associates, fellow analysts, and principals within the Investment Division and Investment Finance Team. There will be many opportunities to collaborate with colleagues from other teams. You will also experience direct and indirect communications and interactions with external appraisers and advisors as well as OTPP’s external auditors.
What you’ll do
Support the coordination and delivery of our semi-annual and year-end valuation processes as part of a dynamic team:
- As part of a team, you will assist with the preparation and review of “fair value” valuations prepared by OTPP’s Investment teams by Finance, including the preparation of valuation analysis and summary memoranda
- Coordinate the review of valuations presented by external appraisers and valuation advisors
- Advise recommendations of “fair value” valuations to be used for OTPP’s financial statements
- Aid in the development, tracking and reporting of plans and timelines for assigned investment portfolios to ensure an effective valuation process
- Communicate noted valuation issues to senior management within Finance
- Respond to queries or information requests from OTPP’s external auditors
- Respond to queries or information requests from OTPP’s external auditors
- Build rapport and work cross-functionally with members of other OTPP groups, including Risk Analytics, Tax, Financial and Management Reporting, Private Asset Operations, Strategy and Risk, and Data Management in sharing information generated and reviewed by the valuation team
- Assist with the preparation and delivery of OTPP board reporting
Support the management of OTPP’s use of external advisors employed in the private investment valuation process and the management of the corresponding relationships
- Coordinate the process for assigned investments around the use of external advisors including:
- Ensuring internal information required by external advisors is provided by both the Investment Division and Finance in accordance with established timelines
- Monitoring and reporting on progress of external advisor deliverables
- Critiquing external advisor reports to ensure their conclusions are reflective of standard methodologies and are consistent with the definition of fair value
- Review and incorporation of external advisor recommendations and findings into OTPP’s conclusions
- Communication of issues noted to senior management, where necessary
Assist in training and reviewing the work prepared by junior colleagues in peak valuation periods:
- Develop and mentor junior colleagues with respect to corporate valuation standards
- Take an active part in campus recruitment of co-op students employed by the group
Help ensure OTPP’s valuation policies and practices reflect best practices:
- Review internal methodologies and processes for assigned investments with a view to continuous improvement in execution
- Actively monitor external standards (e.g. IPEV Valuation Guidelines) and practices
- Provide input with respect to the annual review and update of OTPP’s private investment valuation policies including recommending changes based on changes in standard methodology valuation guidelines and practices
- Collaborate to prepare any required OTPP board reporting with respect to any recommended policy changes
- Participate in ad-hoc projects supporting the execution of the broader Finance division strategy
What you’ll need
- University degree
- A Chartered Business Valuator (“CBV”) designation or working towards CBV
- A Chartered Professional Accounting designation preferred
- A Chartered Financial Analyst (“CFA”) accreditation desired
- Experience (3-5yrs) in working with private investments, which could include valuing and/or conducting due diligence in respect of private investments
- Previous experience in mentoring, training and developing staff
- Experience interacting with senior management and other external advisors is an asset
What we’re offering
- Pay for performance environment that offers competitive salary and incentives
- Numerous opportunities for professional growth and development
- Comprehensive employer paid benefits coverage, including a Health Spending Account
- Guaranteed retirement income through a defined benefit pension plan
- Competitive time off
- Discount programs including Edvantage and Perkopolis
At Ontario Teachers’, diversity is one of our core strengths. We are a globally minded organization and take pride ensuring that the people we hire and the culture we create reflect and celebrate diversity of thought, background and experience.
Accommodations are available upon request for candidates with a disability taking part in the recruitment process and once hired.
How to apply
Are you ready to pursue new challenges and take your career to the next level? Apply today!
https://www.otpp.com/careers/career-opportunities
We thank you for applying, however, only those selected to continue will be contacted. This position is located at our office in Toronto, Ontario. Note that candidates must be legally entitled to work in the country where this role is located.