Intern, Infrastructure Investment (January – April 2024)

Job Description

ABOUT US
We’re one of Canada’s largest pension investment managers, with CAD$243.7 billion of net assets as at March 31, 2023.

We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.
Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.
EXPERIENCE THE EDGE At PSP, we encourage our employees to grow, forge powerful relationships, contribute and fuel inspired investment launchpads. We are committed to a culture that fosters collaboration and allows us to think beyond, in an interconnected way. We advocate for our employees to speak-up, learn, experiment, share, and be part of an inclusive work environment where diversity is embraced.
ABOUT THE TEAM
We focus on building long-term partnerships with operators, peers and industry leaders. Our ability to deploy large amounts of capital and our flexible investment horizon allow us to commit to large-scale projects, as well as targeted growth opportunities including through industry platforms. We invest across diverse sectors, from renewables to telecommunications and transport.
ABOUT YOUR ROLE
As an Intern, Infrastructure Investments, you’ll work closely with the team’s analysts and associates in conducting the following tasks:

• Conduct preliminary analysis of investment opportunities and assess investment thesis including key merits and risks
• Assess target companies’ historical and projected financial information, strategic positioning and value proposition, industry dynamics, regulatory environment and other pertinent factors
• Prepare, support and recommend equity valuation for target companies:
• Build detailed financial models for DCF valuation, determine and substantiate key valuation assumptions, conduct sensitivity analyses on main value drivers
• Form a view on an appropriate expected return, commensurate with the level of risk embedded in the underwritten business plan (use CAPM, precedent transactions, etc.)
• Research relevant public information available on listed comparable companies and precedent transactions, use key findings to compare and triangulate with DCF valuation
• Participate in key due diligence activities conducted on target companies, including coordination and review of the work performed by third-party advisors (commercial, legal, accounting, tax, environmental, etc.)
• Participate in the preparation of investment memorandums and presentation of recommendations to the Infrastructure Investment Committee

WHAT YOU’LL NEED Currently enrolled in a Bachelor of Commerce, Law or in a Master’s in Business, Science, Engineering or Mathematics, with an interest in finance

• High academic achievement
• Experience in financial modeling/excel an asset
• A team player who enjoys a high-performance culture
• Strong interpersonal skills and an ability to communicate effectively (written and oral)
• Positive proactive attitude with a strong desire to learn
• A respect for differences of opinion and an inclusive mindset
• Must return to studies after the internship or the internship must be part of your curriculum
• 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)

At PSP, we aim to provide an inclusive workplace where we leverage diversity and where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.
This position is located at our Montreal offices. Length of internship: January - April 2024
To apply, please upload your resume, cover letter and most recent unofficial transcript. Deadline to apply: September 24, 2023
Visit us on LinkedIn . www.investpsp.com
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