Associate, Real Estate

Company Description

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 $3.6 trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, San Francisco, 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.

Job Description

As an Associate, you will be responsible for conducting fundamental investment research, assisting in building recommendations, implementing fundamental investments strategies, and monitoring and managing portfolio investments. You may also support the identification, scoping, and implementation of value creation opportunities by conducting research, analysis, and preparing presentations.

Team Description

The successful candidate will join the European Real Estate (RE Europe) team, part of the Real Assets group. Based in London, the team is responsible for equity investments across a C$9 billion European portfolio and a global platform of C$49 billion. The RE Europe team invests with high-quality JV partners and in funds and platforms across sectors including housing, logistics and data centres, pursuing thematic investments to drive compelling risk-adjusted returns at scale.

Accountabilities:

• Compile industry, market and asset level data and financial information to support research
• Build and leverage relationships with industry participants and management teams
• Perform fundamental research and present research ideas to broader group
• Perform due diligence on opportunities, including financial, company and sector diligence, to determine investment merits and risks
• Manage coordination of due diligence processes, including engaging with external advisors and internal teams
• Develop company financial models and perform valuation analyses; apply statistical analysis to support investment decisions
• Drive underwriting of real estate investments, independently building and maintaining complex financial models to analyse real estate investment opportunities, ensuring model accuracy and assumptions are robust
• Participate in evaluation, including sharing views on overall investment attractiveness based on findings from diligence work
• Prepare analytical investment reviews and recommendations in collaboration with the team, including industry overviews, written investment rationales and due diligence reviews
• Participate in presentation of investment recommendations to the Investment Committee and Board as required
• Assist in the development, implementation and monitoring of existing portfolios, including capital commitments and distributions
• Support transition of new assets into CPPIB portfolio by identifying benchmarks, building financial models and providing rigorous project management support
• Take a lead role in coordinating with internal departments (e.g., Finance & Operations) to support investment management

Qualifications

• Undergraduate degree or college diploma in relevant field
• An advanced degree or certification (CFA) is an asset
• Commensurate relevant work experience
• Strong research, analytical, financial modeling, valuation, problem solving skills and ability to think creatively
• Experience working in deal environments including supporting acquisitions, diligence and/or asset management activities, with a demonstrated focus on real estate
• Advanced computer/technical skills – MS Excel, MS PowerPoint
• Strong verbal and written communication skills with an ability to communicate effectively across all levels and with external partners
• European language skills and/or prior work experience in key Continental European markets is an asset

Additional Information

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At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.

We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process.

Our Commitment to Inclusion and Diversity:

In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.

Disclaimer:

CPP Investments does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered. CPP Investments will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.

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