Director, Partnership Portfolio

About Us:

With $313.7 billion of gross assets under management, as of March 31, 2026, British Columbia Investment Management Corporation (BCI) is the provider of investment management services for British Columbia’s public sector and one of the largest asset managers in Canada. BCI seeks investment opportunities around the world and across a range of asset classes that convert savings into productive capital. Our investment returns play a significant role in helping our institutional clients build a financially secure future for their beneficiaries.

Headquartered in Victoria, British Columbia, and with teams spanning Vancouver, New York, London, and Mumbai.

BCI integrates environmental, social, and governance (ESG) factors into all investment decisions to meet clients' risk and return requirements. Our people shape employee-focused initiatives, creating a strong culture. To learn more about our culture and values, visit our BCI Values in Action page.

POSTING CLOSE DATE: September 24, 2026

BCI's Partnership Portfolio team is hiring a Director to source, underwrite, execute, and monitor credit-related investments and adjacent alternative asset classes within the Global Partnership Fund.

Reporting to the Managing Director, Partnership Portfolio, you'll join a team of 12+ investment professionals managing commitments approaching C$23 billion, working across fund commitments, co-investments, and direct transactions while leading and mentoring junior team members.

We're looking for someone with deep credit investing experience (8-10+ years) across disciplines like private credit, direct lending, structured or asset-backed credit, distressed situations, or leveraged finance, or a shorter track record in credit investing paired with equivalent transaction structuring or advisory experience. Strong credit underwriting and structuring expertise across the capital structure is essential, along with the analytical rigor to model transactions and the relationship skills to source and manage co-investments and fund commitments.

THE OPPORTUNITY

Reporting to the Managing Director, Partnership Portfolio, the Director plays a leading role within a dedicated team of 12+ investment professionals managing investment commitments approaching C$23 billion.

The Director sources, underwrites, executes, and monitors credit-related investments and adjacent alternative asset classes, spanning fund commitments, co-investments, and direct transactions pursued alongside the Managing Director and external partners. The role combines rigorous credit and structuring analysis with active portfolio monitoring and management, relationship development, and leadership of junior team members.

WHO YOU WILL WORK WITH

The Capital Markets & Credit Investments (CM&CI) department manages C$165B of capital markets and credit investments (56% of total net AUM of BCI). The department invests globally across Credit, Equities, Fixed Income, Derivatives, and Absolute Return Strategies, with investment teams located in BCI's global offices in Victoria, Vancouver, New York, and London. As a leader in responsible investing, CM&CI actively integrates ESG factors into investment analysis and decision-making processes across all strategies.

The Partnership Portfolio and Public Equities team manages long-only active internal and external equity mandates and absolute return strategies through the Global Partnership Fund (GPF). The team selects and monitors external equity managers for BCI's active equity funds and has established a strong reputation as a sophisticated and agile co-investor. The GPF has delivered strong annualized returns through its absolute return investment strategy, with over 60% of new deployments directed toward co-investment opportunities that offer enhanced control over asset selection and risk management. The team leverages external expertise to complement BCI's internal capabilities and capitalizes on opportunities across various sectors, with notable focus on artificial intelligence, energy demand, and ESG investments.

WHAT YOU BRING

• 8-10+ years of relevant investing experience across credit and related disciplines (for example, private credit, direct lending, structured or asset-backed credit, mezzanine or hybrid capital, distressed or special situations, leveraged finance, or fixed income); or 4-5+ years of direct investing experience complemented by 4-5+ years of highly relevant experience such as transaction structuring, valuation, or financial advisory experience.

• Relevant education or degree; a CFA, CPA, or CBV designation, or a Master's degree in business, finance, or economics, is preferred.

• Demonstrated expertise in credit underwriting and structuring across the capital structure, including senior, junior, mezzanine, and structured or asset-backed instruments.

• Experience sourcing, executing, and monitoring co-investments, direct investments, and fund commitments.

• Familiarity with portfolio construction and risk management across credit and alternative asset classes.

• Strong quantitative and analytical skills, with the ability to interpret complex data, model transactions, and provide actionable insights.

• Superior writing and editing skills, with excellent attention to detail and the ability to produce high-quality reports, memoranda, and presentations.

• Strong intellectual curiosity and an interest in working across a breadth of asset types and structures.

• A proactive, can-do attitude, with the ability to lead and support investment, monitoring, reporting, and operational tasks in a dynamic, performance-driven environment.

• Excellent interpersonal and communication skills, with the ability to build relationships and collaborate effectively with internal teams and external partners.

WHAT YOU WILL DO

Origination, Underwriting & Structuring

• Sources, analyzes, structures, and negotiates terms across private credit, hybrid credit, structured credit, and alternative credit opportunities, including fund investments and co-investments.

• Leads end-to-end due diligence and underwriting, including credit analysis, downside and recovery scenarios, covenant and documentation review, structural and collateral assessment, and risk-adjusted return analysis.

• Builds and reviews detailed financial and valuation models to evaluate investment recommendations, assess risk, and support portfolio construction.

Portfolio Management & Monitoring

• Takes a proactive role in relationship management and portfolio monitoring, including performance, credit, and risk oversight across the portfolio.

• Participates in the evolution of the portfolio to capture market opportunities and create value, including managing workouts, restructurings, and value-protection actions where required.

• Helps manage portfolio construction, including risk management, scenario analysis, and hedging or overlay strategies as appropriate.

Relationship Development & Collaboration

• Develops and maintains a wide network of investment partners and, selectively, sponsors, intermediaries, and advisors to strengthen origination and co-investment access.

• Works closely with other teams across BCI, including Legal, Risk, Valuations, Investment Operations, Performance, and Tax, to develop partnerships, share opportunities, and ensure sound execution.

Reporting & Team Leadership

• Prepares high-quality investment recommendations, memoranda, and presentations for the Managing Director, investment committees, and internal stakeholders.

• Provides leadership, mentoring, and technical guidance to junior members of the team.

WHERE YOU WILL WORK

This role will be based in our downtown Victoria office. We are an in-person collaborative organization with the flexibility to work remotely 1 day a week.

SALARY RANGE

The annualized base salary range for this Victoria based role is CAD $199,000- $240,000.

BCI offers a competitive total rewards package, including a performance-based incentive plan, comprehensive health & dental benefits, a defined benefit pension plan, and paid time off. We pay our people competitively in the markets in which we operate and with consideration for internal equity and job structure. The base salary will consider factors such as the individual's skill set, experience, and internal equity. We aim for actual pay to be around the market median for expected performance and the upper quartile for excellent performance. Actual salaries may vary based on experience and expertise.

Next Steps:

To apply online, please submit your resume promptly. Applications will be actively reviewed, and those selected for an interview will be contacted. We welcome all qualified candidates who are legally authorized to work in the country where this job is located. If you do not have authorization, or if your work permit has restrictions or is due to expire within 12 months, please inform our recruitment team if shortlisted.

At BCI, we value diversity and foster an inclusive culture where all employees can thrive. We are performance and client-focused, valuing integrity, and we want to know you if you share these values. We recognize that some skills can be learned on the job and encourage everyone to apply. If you require accommodations for the recruitment process, such as alternate formats of materials or accessible meeting rooms, please contact us at [email protected].

To learn more about working with BCI, including our comprehensive benefits packages, our commitment to equity, diversity and inclusion and the recruitment process visit our BCI Careers Page.

BCI does not accept unsolicited resumes or candidate submissions from third-party recruitment agencies, executive search firms, or staffing suppliers unless they have an existing contractual agreement with our organization. Our approved vendor relationships are established for particular recruitment requirements and do not extend to general job postings on our website or other platforms. Any candidate information or resumes submitted by suppliers not approved by BCI will be deemed unsolicited and will not be reviewed or considered. BCI will not be liable for any fees, commissions, or charges related to unsolicited candidate submissions or recruitment services.