ASSOCIATE, SEED VENTURE FUND

Job title:

ASSOCIATE, SEED VENTURE FUND

Company

Banque de développement du Canada

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 fewIn addition to paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1A hybrid work model that truly balances work and personal lifeOpportunities for learning, training and development, and much more…POSITION OVERVIEWThe Associate will work from BDC Capital’s Toronto office (hybrid office-home setup), playing a pivotal role with the Seed Venture Fund investment team. Associates work closely with team members and founders in evaluating potential investments and collaborate closely with portfolio companies on a variety of areas. In this role, you will lead 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 capital markets, industries, ecosystems, and competitive landscapes, as well as operational ones, such as company financials, management, and product. You are expected to combine strong analytic skills and business acumen to leverage the input of experts on a variety of market and industry 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 OverviewThe BDC Seed Venture Fund leads investments in world-class Seed-stage entrepreneurs across Canada. The fund works with companies across all Seed-stages and collaborates deeply with early-stage ecosystem stakeholders including Accelerators, Incubators, and Angel groups; this includes hosting office hours and ecosystem events across the country. Investments 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. Post-investment, the team works very closely with portfolio companies and uses its experience and expertise to assist in GTM efforts, hiring, fundraising, and helping portfolio companies build a sophisticated base that enable them to grow and scale faster beyond the Seed-stage.CHALLENGES TO BE METPlatform BuildingAssist in managing the deal pipeline, quarterly/bi-annual reports, and providing financial analysisSupport other team members as appropriate during the development stage of an investmentEnsure that the investment research files, business plans and other collected information are maintained in conformity with BDC’s policies and proceduresEnsure that new and existing investments files are properly documented by monitoring investments, amendments, and disbursements, including financial analysis and forecastingDeal SourcingDiscuss informally with entrepreneurs, investors and company representatives at occasional investment community or industry events, relaying any relevant information upwardsMaintain involvement in associations within the investment community, and keep abreast of significant developments, activities, and initiatives in the industryStay on top of the current portfolio, identifying companies that are likely to raise funds for new and follow-on investments, and relaying information upwardsPerform market research and scouting to inform the fund’s investment strategy, identifying emerging markets, verticals, technologies, or companiesConduct initial business plan reviews, support initial communications with entrepreneurs and referring sources, prepare initial review memoranda and recommendations to pursue or declineDeal MakingLead a workstream of due diligence on companies’ market, competition, management, sales, products, cap table, and anything that is relevant to determining potential business value and exist strategiesDetermine and validate performance metrics, creating valuation models, forecasts and financial pro formasDraft Investment Memos, most often focusing on the Financials and Market sectionsSupport Partners leading a deal, during presentations to the Investment CommitteeAnalyze technical documentation and/or work with technical consultants to evaluate technologies, products, and servicesConduct reference calls with competitors, clients, industry experts, and prospect company’s current or past employeesDevelop and maintain appropriate information resources and subject matter expertise in various industries, markets, and business trendsPortfolio Management & SupportMonitor portfolio performance, comparing performance to forecasts and models, and relaying potential opportunities and issues to managementParticipate occasionally in investee board meetings as an observer, keeping abreast of developments and escalating relevant information to PartnersAssist investees with introductions to potential suppliers, investors, and employeesWHAT WE ARE LOOKING FORTypical Background5 years of experience in a role involving critical 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 firmOperator roles: Technology startup, industry-leading corporation, industry specialistAdvisory roles: Consulting, Law, Corporate Strategy, Corporate DevelopmentExperience in an industry outside of finance can be particularly valuable if combined with some analytical skills; we strongly encourage previous entrepreneurs to apply given most Seed Venture Fund team members come from founder, operator, product and/or technology backgroundsBachelor’s degree in Commerce, Economics, Science, Technology, Engineering or Mathematics (STEM). Other degrees are viable, if the professional has strong analytical skillsA 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’s in business administration (MBA)Other STEM Master’s or PhD degreeChartered Financial Analyst (CFA)Chartered Professional Accountant (CPA)Technical KnowledgeEntrepreneurial mindset and the ability to break down problems into smaller sections, in order to gain deeper levels of understanding and ultimately drive investment decisionsAdvanced 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 assetOutstanding 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 eloquentStrong ability to problem-solve using structured thinking and communication techniquesAdvanced Word, PowerPoint and Google Sheets skillsAbility to intervene pertinently in the context of a presentation to executive audiencesAny technology skills with wide application, such as coding or electronics are an assetOperational knowledge of any technical industry is an assetBehavioral TraitsStrong intellectual curiosity and deep interest in early-stage technology startups/ecosystem; relevant experience within a startup or emerging technology company is an assetHighly detailed oriented, organized, proactive and self-motivatedHigh EQ, outstanding communications skills, both written and verbal, strong team playerSupportive, helpful attitude – willingness to proactively identify gaps and jump-in to fill themMotivation and ability to do focused, independent work, in the context of a teamAbility to work collaboratively and build positive relationships with stakeholdersContinuous learning attitude, with maturity to take feedback constructivelyOpenness to share knowledge and advice with less experienced colleaguesComfort working in a fast-paced environment, where objectives must be met within tight deadlinesProudly one of Canada’s Top 100 Employers and one of Canada’s 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.

Expected salary

Location

Toronto, ON

Job date

Sun, 13 Oct 2024 00:48:26 GMT

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