Credit Investments makes direct investments in investment grade and subinvestment grade corporate structured and real estate debt through a variety of instruments including high yield bonds convertible bonds leveraged loans mezzanine debt & distressed debt. The group is focused on event driven opportunities such as acquisitions refinancings recapitalizations restructurings and stressed situations. The group typically looks to invest in single names where they can deploy $50 $1000m. At March 31 2024 CPPIBs Credit Investments department had a portfolio that totaled C$68 billion with a variety of investments across North America Europe Latin America and Asia Pacific. We expect the portfolio to grow significantly over the next five years especially in the Asia Pacific region.
Role Summary
We are recruiting for an Associate or Senior Associate for Credit Investments APAC Credit with a focus on evaluating subinvestment grade credit investment opportunities conducting research developing investment recommendations participating in the execution of investments and monitoring investments. The Associate or Senior Associate will play a key role in making and managing both public and private credit investments in the Asia Pacific Region and will have significant exposure to the leaders of the Credit Investments team.
RoleSpecific Accountabilities
Analyze Investment Opportunities:
Review
- Research analyze and evaluate a variety of industries companies and securities and assist in the overall evaluation process; conduct credit analysis of companies including loantovalue analysis preparation of relevant credit metrics including precedent transactions and comparable company analysis
- Build dynamic financial models to analyze investment opportunities (including testing assumptions and sensitivities)
- Perform due diligence on companies including past and projected investment performance quality of management teams investment merits and risks expected returns regulatory environment industry dynamics and other relevant factors
- Review 3rd party due diligence reports (legal accounting industry strategic reviews environmental etc.)
- Perform valuation analysis of companies and securities including DCF precedent transactions and comparable company analysis
- Meet with company management teams and review past performance strategy outlook industry issues and other relevant topics as required
- Apply Total Portfolio Approach as it applies to investments
Recommend
- Under the supervision of the APAC Credit leadership team make credit investment recommendations outlining potential investment opportunities
- Assist in presenting investment recommendations to the Credit Investment Committee
Execute Credit Investments
- Liaise with investment partners (private equity funds coinvestors investment banks credit funds and corporates) and advisors (financial legal etc.)
- Assist in negotiating and executing agreements and other transactionrelated legal documentation
- Manage discreet aspects of the execution of credit investments as directed
Monitor Credit Investments
- Review funding and distributions related to credit investments
- Monitor ongoing financial performance of portfolio companies
- Assist in performing valuation reviews for portfolio companies
- Onsite company visits to conduct due diligence
- Assist in building and leveraging relationships with investment banks corporations and private equity funds
- Attend industry and sector conferences
Build the Team
- Participate in and contribute to weekly departmental meetings and investment recommendation meetings
- Assist in the training and development of colleagues
- Assist in recruiting activities including liaising with universities networking sourcing candidates and interviewing prospective hires as required
- Other relevant duties and projects as assigned
Qualifications :
- 3 to 9 years of experience in investment banking leveraged finance credit investing real estate investing or experience in consultancy/advisory position will be commensurate based on experience
- Patient approach to investing with the ability to decline investments that do not fit our process quickly
- Language capability: Excellent verbal and written communication skills in English. Native proficiency in Korean or Japanese is preferred.
- Exposure to Korea Japan or India credit markets (onshore and/or offshore) is preferred
- Strong research financial modeling analytical and valuation skills
- Experience in conducting due diligence desirable
- Undergraduate degree or equivalent experience preferably in finance commerce or business administration
- CFA CBV or CA designation is considered an asset
- Flexibility adaptability initiative and sound judgement
- Ability to meet deadlines and work well under pressure
- Team player who enjoys a highperformance culture
- Willingness to travel
- Consistent demonstration of our guiding principles of integrity partnership and high performance
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 headhunters 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 website job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or website 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.
Remote Work :
No
Employment Type :
Fulltime