Principal, High Conviction Equities – Healthcare / Pharma
City : Toronto, Canada
Category : Investments
Industry : Financial Services
Employer : Ontario Teachers’ Pension Plan - OTPP
Based in our office in Toronto, the Principal will be an integral part of the High Conviction Equities (“HCE”) team and focus on global pharmaceuticals and large-cap biotechnology public equities. The HCE healthcare team is responsible for a highly concentrated portfolio that delivers outsized idiosyncratic returns. The Principal will analyze potential investment opportunities, execute investments, and monitor healthcare companies under coverage.
Who you’ll work with
Besides the team in Toronto, you will have the opportunity to work closely with a team of professionals across Ontario Teachers’ global offices. You will partner with colleagues in Alternative Capital Solutions (“ACS”) within the HCE team, with Private Capital’s healthcare team within the broader Equities team and with other asset classes. You will also interact with external partners such as research analysts and healthcare key opinion leaders.
What you’ll do
Analyze and evaluate potential investment opportunities within healthcare therapeutics (including pharmaceuticals, larger biotechnology companies and adjacent opportunities)
Generate practical investment insights from bottom-up research on business models, key value drivers and investment risks
Develop detailed financial models clearly identifying recommended valuation range, critical business drivers, sensitivity analysis etc.
Prepare comprehensive investment memos / presentations clearly articulating industry insights, investment thesis and recommendation for the senior leadership team
Actively participate in meetings with healthcare company management teams and outside experts
Monitor ongoing financial and operational performance of companies under coverage
Generate bespoke industry analysis in collaboration with the team. Monitor industry developments and disseminate relevant information to the team
Partner with the broader equities team in Toronto as well as across offices (or other departments at Ontario Teachers’) on certain transactions or initiatives
Support a variety of OTPP critical initiatives
What you’ll need
Min. 5+ years related work experience in asset management, equity research, investment banking or similar roles at leading firms
Experience in covering pharma and biotech public equities is a strong asset
An undergraduate or graduate degree from a university with a focus on science is helpful
CFA and / or other meaningful designations are considered a strong asset
Very strong analytical and quantitative skills and proven understanding of fundamental investment analysis
Outstanding attention to detail and ability to take ownership of tasks
Special emphasis on accounting, valuation and financial modelling skills
Ability to develop a deep understanding of economic / business characteristics, conditions and trends across a range potential investments
Excellent communications skills, both oral and written
Ability to demonstrate skeptical critical thinking and to generate independent insights from research process
Willing / able to travel internationally
A high degree of maturity and initiative, with the ability to work effectively and independently
What we’re offering
Pay-for-performance environment that offers competitive salary and incentive
Numerous opportunities for professional growth and development
Comprehensive employer paid benefits coverage
Retirement income through a defined benefit pension plan
The opportunity to invest back into the fund through our Deferred Incentive Program
A flexible/hybrid work environment combining in office collaboration and remote working
Competitive time off
Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year
Employee discount programs including Edvantage and Perkopolis
Degreed: a digital platform that helps you quickly and easily discover, share, and track various learning resources — from courses to videos to articles and more
At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.
How to apply
Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.
Accommodations are available upon request (email@example.com) for candidates with a disability taking part in the recruitment process and once hired.
Candidates must be legally entitled to work in the country where this role is located.
The privacy of your personal information is important to us. Please visit our Privacy Centre to learn how we handle your personal information.