Job Description

We are banking at another level.

Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs.

Choosing BDC as your employer also means:

Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a few

In addition to paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1

A hybrid work model that truly balances work and personal life

Opportunities for learning, training and development, and much more...

POSITION OVERVIEW

The Associate will work out of BDC Capital\xe2\x80\x99s Toronto office (hybrid office-home setup), playing a pivotal role with the Seed Fund investment team. Associates join one of our teams as an early specialist in investment finance, to lead parts of the process of evaluating potential deals and of managing BDC Capital\xe2\x80\x99s current portfolio. In this role, you will lead one or a few simultaneous investment analysis workstreams, support the team in networking activities, and monitor a portfolio of investments that ultimately shape the future of the Canadian VC ecosystem. You will cover strategic topics such as markets, industries, ecosystems, and competition, as well as operational ones, such as financials, management, and products. You are expected to combine sharp analytic skills and business sense to leverage the input of experts on a variety of market and industrial subjects. Given no two days are ever the same in Venture Capital, flexibility of time and effort is paramount to be successful in this dynamic role.

Team overview

The BDC Seed Fund is currently gearing up to launch Seed Fund I, targeting to invest in world-class Seed-stage entrepreneurs across Canada. This new fund will lead investments, work with companies across all Seed-stages and collaborate with Accelerators. Investments will focus on Canadian software companies with potential to shape the next decade of innovation. The team also manages a legacy portfolio, companies from which have gone on to raise $1B in capital over the last decade, generating an outsized impact on the Canadian VC ecosystem. The dedicated Seed Fund team works very closely with portfolio companies and uses its experience and expertise to assist in growing these companies beyond Seed and to successful exits.

CHALLENGES TO BE MET

Platform Building

Assist in managing the deal pipeline, quarterly/bi-annual reports, and providing financial analysis

Support other team members as appropriate during the development stage of an investment

Ensure that the investment research files, business plans and other collected information are maintained in conformity with BDC\xe2\x80\x99s policies and procedures

Ensure that new and existing investments files are properly documented by monitoring investments, amendments, and disbursements, including financial analysis and forecasting

Deal Sourcing

Discuss informally with entrepreneurs, investors and company representatives at occasional investment community or industry events, relaying any relevant information upwards

Maintain involvement in associations within the investment community, and keep abreast of significant developments, activities, and initiatives in the industry

Stay on top of the current portfolio, identifying companies that are likely to raise funds for new and follow-on investments, and relaying information upwards

Perform market research and scouting to inform the fund\xe2\x80\x99s investment strategy, identifying emerging markets, verticals, technologies, or companies

Conduct initial business plan reviews, support initial communications with entrepreneurs and referring sources, prepare initial interview memoranda and recommendations to pursue or decline

Deal Making

Lead a workstream of due diligence on companies\xe2\x80\x99 market, competition, management, sales, products, cap table, and anything that is relevant to determining potential business value and exist strategies

Determine and validate performance metrics, creating valuation models, forecasts and financial pro formas

Draft Investment Memos, most often focusing on the Financials and Market sections

Support Partners leading a deal, during presentations to the Investment Board

Analyze technical documentation and/or work with technical consultants to evaluate technologies, products, and services

Conduct reference calls with competitors, clients, industry experts, and prospect company\xe2\x80\x99s current or past employees

Develop and maintain appropriate information resources and subject matter expertise in various industries, markets, and business trends

Portfolio Management & Support

Monitor portfolio performance, comparing performance to forecasts and models, and relaying potential opportunities and issues to management

Participate occasionally in investee board meetings as an observer, keeping abreast of developments and escalating relevant information to Partners

Assist investees with introductions to potential suppliers, investors, and employees

WHAT WE ARE LOOKING FOR

Typical Background

3 to 5 years of experience in a role involving structured thinking, financial analysis, and technical expertise. These profiles are likely to come from, but are not limited to:

Finance roles: Venture Capital, Private Equity, Investment Bank, Accounting firm

Operator roles: Technology startup, industry-leading corporation, industry specialist

Advisory roles: Consulting, Law, Corporate Strategy, Corporate Development

Bachelor\xe2\x80\x99s degree in Commerce, Economics, Science, Technology, Engineering or Mathematics (STEM). Other degrees are viable, if the professional has strong analytical skills

A post-graduate degree or equivalent certification, completed or in course, is valuable. Typical post-graduate credentials are likely to be, but are not limited to:

Master\xe2\x80\x99s in business administration (MBA)

Other STEM Master\xe2\x80\x99s or PhD degree

Chartered Financial Analyst (CFA)

Technical Knowledge

Advanced knowledge of Excel, particularly in building robust financial models that include sensitivity analysis and scenario modeling, as well as performing complex data analysis. Any other analytic tools and techniques are an asset

Outstanding analytical skills, financial analysis, research and a keen ability to turn data into actionable insights; ability to prepare financial forecasts and pro-forma financial statements.

Ability to contribute to an Investment Memo that is clear, concise, and eloquent

Strong ability to problem-solve using structured thinking and communication techniques

Advanced Word, PowerPoint and Google Sheets skills

Ability to intervene pertinently in the context of a presentation to executive audiences

Any technology skills with wide application, such as coding or electronics are an asset

Operational knowledge of any technical industry is an asset

Behavioral Traits

Strong intellectual curiosity and deep interest in early-stage technology startups/ecosystem; relevant experience within a startup or emerging technology company is an asset

Highly detailed oriented, organized, proactive and self-motivated

High EQ, outstanding communications skills, both written and verbal, strong team player

Supportive, helpful attitude \xe2\x80\x93 willingness to proactively identify gaps and jump-in to fill them

Motivation and ability to do focused, independent work, in the context of a team

Ability to work collaboratively and build positive relationships with stakeholders

Continuous learning attitude, with maturity to take feedback constructively

Openness to share knowledge and advice with less experienced colleagues

Comfort working in a fast-paced environment, where objectives must be met within tight deadlines

Proudly one of Canada\xe2\x80\x99s Top 100 Employers and one of Canada\xe2\x80\x99s Best Diversity Employers, we are committed to fostering a diverse, equitable, inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application, please do not hesitate to contact us at .

While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.

Banque de d\xc3\xa9veloppement du Canada