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 Sustainability Venture Fund is a $150 million venture capital fund investing in Canadian early stage (Seed to Series B) technology businesses that contribute to the transition to a more sustainable economy. Based on the UN Sustainable Development Goals, the Fund’s focus includes sustainable cities and communities (mobility, logistics, construction and the built environment, water use and treatment), responsible production and consumption (food waste, circular economy, recycling, sustainable materials), climate action, as well as clean and affordable energy (grid technologies, energy production, environmental remediation).

In this role, you own the success of a fund whose investments ultimately shape the future of Canadian economy. This position requires a seasoned perspective on investments and deal-making, top-notch ability to build partnerships within the investment community, and strong leadership to drive a qualified team. Your top priority is to present BDC Capital as a first-class investor to companies, corporates, LPs and other GPs, driving first-class deal flow and partnerships.

CHALLENGES TO BE MET

Deal Sourcing

Build and maintain wide and strong networks within the business and investment community, raising the profile of the fund as a prime investor
Build and leverage connections in the investment communities in Canada and globally to drive high quality deal flow
Attend conferences and networking activities, to source opportunities on behalf of the fund, and to act as an ambassador for the funds, BDC Capital and BDC
Promote the fund, BDC Capital and BDC by speaking at conferences, publishing thought leadership material and promoting networking opportunities
Position BDC as a first-class GP and fund manager, ensuring a positive experience for external LP’s

Deal Making

Set the team priorities to review, validate and execute due diligence activities
Delegate as appropriate or lead complex due diligence for new and/or existing investment opportunities by orchestrating analyses such as market, competition, management, sales, products, cap table, and anything that is relevant to determining potential business value and exist strategies
Lead the team in the production of thorough and compelling Investment Memoranda, eliciting sound rationales behind investment options and influencing the internal Investment Committee
Lead the socialization of deals at relevant Investment Committees’ meetings, presenting investment opportunities, justifying their viability, and obtaining buy-in

Portfolio Management & Support

Provide updates and reporting on the fund’s activity to the shareholder
Provide hands-on, value-add support (e.g., mentoring, capital introductions) to portfolio companies to support business building while developing multiple exit options and delivering top-quartile internal rate of return over the life of the fund
Represent the interests of the fund as a board observer or director of existing portfolio companies, actively influencing and supporting the management of portfolio companies when appropriate
Lead the efficient monetization of portfolio companies rolled into the fund to maximize proceeds on exit

Platform Building

Stand responsible as the official general manager of the fund, organizing it internally and leading relationship with BDC’s senior management, ensuring necessary resources for the fund’s continuity and success
Lead the successful fund launch and maintenance by developing the fund’s investment thesis, strategy, and tactical approach
Lead the management cycle, activities, identifying internally, hiring externally, and developing high-quality team members
Foster a high performing team environment within the internal fund built on trust, collaboration, and high aspirations
Review, recommend and approve account updates, amendments, and capital calls

WHAT WE ARE LOOKING FOR

Typical Background

15+ 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
Operator roles: technology startup, industry-leading corporation, industry specialist
Advisory roles: consulting, law, corporate strategy, corporate development
Bachelor’s 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 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 degree
Chartered Financial Analyst (CFA)
A successful track-record of investments in venture capital, private equity or indirect investing

Technical Knowledge

Expert understanding of the deal process, from sourcing to due diligence, to portfolio management
Ability to build a strong network in the Canadian and international investment ecosystems, sourcing deal prospects and partnership opportunities with other funds and investors
Solid understanding of financial statements and operational topics, easily translating them into insights about the business
Strong analytics skills to lead teams 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
Good ability to use other MS-suite applications efficiently, mainly Word and PowerPoint
Good ability to problem-solve using structured thinking and communication techniques
Ability to write and to coach a team at writing an Investment Memo that is clear, concise, and eloquent
Technology skills with wide application, such as coding, chemistry or electronics can be an asset
Operational knowledge of any technical industry is an asset
Bilingualism in French and English is an asset, particularly in presenting results and information to an executive-level audience

Behavioral Traits

Leadership to inspire and drive an experienced team towards excellence and positive results
Well-intentioned and generous attitude to coach and mentor team member at progressing in their personal and professional development
Ability to work collaboratively and build positive relationships with stakeholders within and outside BDC, with a sensible approach to vertical and horizontal relationships
Interpersonal polish and strong business communication, effectively influencing executive and operational audiences
Continuous learning attitude, with maturity to give and take feedback constructively
Comfort working in a fast-paced environment, where objectives must be met within tight deadlines

BDC Venture Capital

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Managing Partner, Sustainability Venture Fund