Description:
As a Manager, Credit Investments, you’ll:
Investment Origination & Opportunity Assessment
- Work closely with the Credit Investments Senior Team to originate infrastructure debt investment opportunities with core partners
- Lead the evaluation and screening of infrastructure debt investment opportunities across sectors including transportation, energy, renewables, digital infrastructure, utilities and social infrastructure
- Develop investment theses and underwriting strategies aligned with PSP's long-term investment mandate, portfolio objectives and risk-return framework
- Contribute to the development and execution of Infrastructure Debt portfolio strategies by sector, geography and financing structure
- Assess market trends, regulatory developments and industry dynamics to identify emerging opportunities and risks affecting the infrastructure debt market
Investment Analysis & Transaction Execution
- Lead complex credit underwriting and due diligence processes for project finance, corporate infrastructure debt, acquisition financing and structured lending transactions
- Oversee financial modelling, valuation analysis, credit assessments and downside scenarios, validating key assumptions and identifying principal investment risks
- Coordinate multidisciplinary teams across Legal, Tax, Risk Management, ESG, Finance and Operations throughout the investment execution process
- Lead negotiations of financing terms, covenant packages, security arrangements and transaction documentation with borrowers, sponsors and lending syndicates
- Prepare and present investment recommendations to senior leadership and Investment Committees, articulating key risks, mitigants and expected portfolio contribution
Portfolio Management & Value Creation
- Lead the ongoing monitoring and asset management of infrastructure debt investments, including financial performance, covenant compliance, project milestones and refinancing activities
- Identify potential credit deterioration risks and develop strategies to protect and enhance investment value
- Evaluate secondary market opportunities, amendments, restructurings and follow-on investments to optimize portfolio performance
- Maintain effective relationships with borrowers, sponsors, co-lenders and portfolio company management teams to support long-term investment outcomes
- Ensure infrastructure debt investments remain aligned with portfolio construction objectives, risk limits and PSP's overall investment strategy
Leadership & Investment Communication
- Mentor and develop Analysts, Senior Analysts and Associates by providing technical guidance, investment coaching and feedback throughout the investment process
- Drive collaboration and dialogue with other asset classes within PSP, most notably the PSP Infrastructure Equity team
- Review and challenge underwriting analyses, financial models and investment recommendations produced by junior team members
- Lead investment discussions and contribute to strategic planning activities within the Infrastructure Investments platform
- Influence decision-making through clear, concise and compelling communication of investment opportunities and portfolio matters to senior stakeholders
- Foster collaboration across investment groups to identify cross-platform investment opportunities and best practices
What You’ll Need
- Bachelor's degree in finance, Accounting, Economics, Business Administration or a related discipline.
- Approximately seven (7) + years of relevant experience in direct lending, private credit, leveraged finance, investment banking, private equity or a related investment environment
- Prior work experience in Infrastructure/Energy origination or investing is required
- Demonstrated experience leading complex credit underwriting, due diligence and transaction execution processes
- Strong financial modelling, valuation, accounting and credit analysis skills
- Proven ability to exercise sound investment judgment and challenge assumptions through robust analysis.
- Experience managing multiple stakeholders and influencing outcomes in a fast-paced investment environment
- Strong negotiation, relationship management and communication skills
- Demonstrated ability to mentor and develop junior investment professionals
- Professional designation: CA or MBA and/or completed final level of CFA designation is an asset. CFA designation (completed or in progress) is considered an asset
- Good communications skills in English and French (or willingness to learn) (regular interactions in English with investment partners based outside of Quebec Example: peers, bankers, brokerage firms, etc. and PSP employees in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)