Description

Duties

IF SELECTED FOR THIS OPPORTUNITY, YOU WILL:
Actively participate in the development, recommendation, implementation, monitoring, and termination of investments in the Tangible Assets’ portfolio. Some of these duties include:

• Assisting the SIO in the creation of innovative investment programs in areas often overlooked by traditional capital providers.
• Performing critical economic, industry, and sector research and due diligence necessary to educate staff and the Board relative to non-traditional tangible assets investments.
• Monitoring current investments, reviewing partners' financial statements, and analyzing the results for acceptability, as well as identifying and reporting any potential problems or opportunities.
• Implementing approved investments, including legal negotiations, and liaising with the back office.
• Reviewing potential investments for possible inclusion in the Tangible Assets portfolio; conducting robust due diligence efforts which includes general investment overview, document review, financial structure analysis, meetings with management, and the preparation and presentation of findings and conclusions to the appropriate investment committee following approval by the SIO.
• Developing and implementing individual manager monitoring guidelines to ensure compliance with WSIB policy, as well as for suitability of the investment strategies, portfolio structure, and positioning.

Qualifications

Competitive applicants will have:

• Bachelor’s Degree coupled with 3 years’ experience in tangible assets or private partnerships, preferably in an institutional investment setting. A relevant Master’s degree or CFA/CAIA certification may substitute for a maximum of one years’ experience.

• Management Skills: The ability to participate in key relationships on behalf of the WSIB with partners, consultants, and attorneys. Planning, organizing, leadership, negotiation, time management, communication, mentoring, and problem solving are vital.
• Understanding of Portfolio Management: The ability to understand and recommend changes and enhancements to a diversified tangible assets portfolio. The ability to compare firms and investment opportunities based on investment, business, and operational risk assessments, and to evaluate teams and opportunities to meet risk and return objectives for the WSIB.
• Knowledge of Investment Vehicles: A working knowledge of, and experience with, the variety of ownership structures related to the private and public tangible investments and their associated legal documentation. This would include but not be limited to partnerships, joint ventures, limited liability companies, operating companies, and master limited partnerships.
• Analytical Skills: The ability to analyze financial, economic, statistical, legal, accounting, market, and other matters quickly, efficiently, and accurately and to summarize those results.
• Financial Modeling Skills: The ability to objectively combine accounting, financing, and other business, and economic metrics to create an abstract representation of a company’s and/or assets’ future financial and liquidity position.
• Interpersonal Skills: The ability to foster an environment where team members feel included, which is critical to the success of the Tangible Assets unit. In addition, the IO will coordinate and facilitate workflow with a diverse group of external parties, including consultants, attorneys, managers, and general partners.
• Ability to effectively manage multiple projects simultaneously, often complicated by tight time frames and travel demands.
• CFA and/or CAIA certification.

Supplemental Information

In addition to a complete profile, please include:

• A cover letter specifying why this position is of interest to you and how you meet the qualifications listed above. This letter should be no more than two pages.
• A current chronological resume.
• A list of at least three professional references under the profile section. References will not be contacted without the written consent of the applicant but must be submitted at the time of application.