• Job Description

  Req#: JR100733

  Closing date: February 1, 2024

  Use your financial and analytical skills in a fast-growing company where you can have an impact. The British Columbia Investment Management Corporation (BCI) is currently seeking 9 co-op students/interns in our Finance department for the Summer 2024 (May to August 2024), Fall 2024 (September to December 2024), Winter 2025 (January to April 2025) and Summer 2025 (May to August 2025) work terms. Apply and develop your skills with one of our Finance teams.

  WHAT YOU NEED TO KNOW

  BCI manages a globally diversified portfolio of assets valued at $233 billion and is one of Canada’s largest institutional investors. We invest globally to support pension and other funds for more than 30 clients based in British Columbia. We are proud to have been chosen as one of Canada’s Top 100 Employers and BC’s Top Employers . These national and provincial competitions recognize employers who offer exceptional workplaces for their employees.

  WHO YOU WILL WORK WITH

  The Finance department is part of the Operations group and is responsible for investment and corporate accounting, valuation, as well as financial statements and financial reporting to our clients. The team also leads BCI’s budgeting process, tax structuring and tax compliance, finance client engagement, finance operations, and performance measurement and attribution.

  Working with our internal business partners, auditors and external advisors, the Finance department strives to be a trusted advisor to our internal and external clients by providing timely, accurate, and relevant financial information.

  Corporate Accounting

  • 1 position starting September 2024 (8-month term)

  The Corporate Accounting co-op/intern will work within our Finance department in the Corporate Accounting team. This is a great opportunity for you to gain a broad understanding of core corporate functions such as accounts payable and receivable processing, account reconciliations, supporting employee reimbursement claims processing and ad hoc projects, where required. This role will be using technologies and applications such as MS Office (Outlook, Excel, Word), Jet reporting, MS NAV, Share Point, and Workday.

  What you will be doing:

  • Assist with various Finance projects, including procedural documentation

  • Assist with the processing of payables and receivables for the corporation, including employee reimbursement claims and vendor/customer invoices

  • Research best practices, provide recommendations, and work collaboratively in a team environment

  • Support the Corporate Accountant on other tasks as required by the Corporate Accounting branch

  Financial Reporting

  • 1 position starting September 2024 (8-month term)

  The Financial Reporting co-op will work in the Financial Reporting & Valuations (“FR&V”) branch. This role is a great opportunity for you to gain knowledge and exposure to IFRS financial reporting, assist in preparation of various internal and external reporting deliverables, and help to facilitate our annual financial statement audit engagements. This role will be using technologies and applications such as MS Office (Outlook, Excel, Word, Power Point), Share Point, Workiva, and SCD.

  What you will be doing:

  • Work under the supervision of the Manager, Financial Reporting, and senior team members to assist with various projects

  • Assist with the preparation of audited annual financial statements, internally and externally reported financial information, management discussion and analysis, and other audit committee materials.

  • Assist with the assessment and documentation of procedures and processes to support effective internal controls over financial reporting

  • Assist with enhancing operational processes within the Financial Reporting team

  Investment Accounting

  • 2 positions starting May 2024 (8-month term) and 2 positions starting September 2024 (8-month term)

  The Investment Accounting co-op/intern will work within the Investment Accounting branch. In this role, you would be exposed to multiple asset classes, review and reconcile daily transaction postings, validate portfolio value changes, and support other departments in their reporting needs. You would have the opportunity to work with other departments in the investment life cycle, from those who make investment decisions to those who are responsible for financial reporting, valuation and portfolio return reporting.

  What you will be doing:

  • Work as part of a team responsible for validating and analyzing net asset values of various investment structures.

  • Work and learn with teams focused on public markets, infrastructure, real estate, private equity, and derivatives.

  • Review and reconcile daily net asset valuations across all asset classes.

  • Learn how to utilize industry leading software and reporting solutions.

  • Assist in documenting and performing key internal controls.

  Tax

  • 1 position starting May 2024 (8-month term)

  The Tax co-op/intern will support tax compliance and deal advisory work. Tax compliance work is crucial for maintaining good standing with Canadian and International governing bodies. BCI’s Tax Team also plays a vital role in structuring and coordinating investment deals. The Tax Team supports BCI by managing tax matters related to the investment asset classes and corporate taxes. If you are interested in the development and implementation of tax compliance strategies while gaining an understanding of the deal process, please consider applying.

  What you will be doing:

  • Support various compliance and deal advisory projects

  • Organize and maintain tax documents, SharePoint sites, and Excel databases

  • Gather and prepare information for Canadian, US, and International tax filings

  • Collaborate with internal and external groups to achieve common goals

  • Document new procedures and follow other established and new processes

  • Prepare tax forms and materials for management and other departments

  Valuations

  • 2 positions starting January 2025 (8-month term)

  The Valuations co-op/intern will work in the Financial Reporting & Valuations (“FR&V”) team, responsible for the daily price verification for Fixed Income and Public Equity securities as well as for the quarterly and year-end valuation processes for BCI’s private investment portfolio, including Private Equity, Infrastructure & Renewable Resources, and Private Credit. This is a great opportunity for you to learn and apply your knowledge to prepare valuation of liquid and illiquid investments.

  What you will be doing:

  • Assist with the daily price verification of fixed income and public equity securities

  • Assist with the review of valuations prepared by investment teams and/or external valuators, verifying or challenging key valuation assumptions

  • Assist with gathering valuation information for presentation and disclosure in pooled fund financial statements

  • Assist with maintain internal controls for liquid and illiquid investment valuation processes and develop procedure documents

  • Report on drivers of changes in value at an investment level and for a consolidated portfolio in a clear and concise manner

  • Assist in projects and strategic initiatives, as requested

  REQUIRED SKILLS

  • Good attention to detail

  • Ability to communicate clearly and concisely

  • Ability to meet deadlines while maintaining accuracy

  • High level of professionalism combined with strong interpersonal skills

  • Ability to meet deadlines while potentially dealing with competing priorities

  • Good understanding of finance

  • Fundamental understanding of accounting principles

  • Aptitude for learning new systems and tools

  • Good Excel skills

  • Ability to work and grow in a team environment

  • There is a preference for candidates with an understanding of the investment industry, and a desire to grow their knowledge of the industry.

  • Pursuit of an economics, finance, or BCom degree, CPA designation or related area in at least their 3rd year is preferred.

  WHAT WE OFFER

  • Excellent career development and training through real world experience in one of our teams supporting accounting, internal and external reporting, tax, or valuations.

  • Work with a dynamic team in a fast-paced environment

  • The development of real-world skills at one of the largest institutional investors in Canada

  • Exposure to some of the most talented, approachable, and inspiring people in the industry

  • The ability to opt-in for access to Dialogue, a user-friendly app that offers virtual primary care, employee and family services, and mental health supports

  • Time to connect with co-op students & interns at BCI – build your network and shared learning

  • BCI investment professionals lead a monthly Investment Club to share industry knowledge with employees who work in other departments

  • 2 paid days per year for volunteering

  • Competitive pay

    • $4,350 gross monthly or $4,700 gross monthly + vacation leave paid based on 6% of salary

      • $4,350 gross monthly for those with (or working towards) an undergraduate degree, diploma or certificate

      • $4,700 gross monthly for those with (or working towards) a graduate degree

  • Travel: if coming to Victoria for this work term, BCI will provide a fixed-rate travel allowance based on your location

  THE DETAILS

  • Work terms: Summer 2024 (May to August), Fall 2024 (September to December), and Winter 2025 (January to April 2025)

  • Department: Finance

  • Office Location: 750 Pandora Avenue, Victoria, BC

  • Spend your off hours exploring beautiful Victoria and Vancouver Island

  • All co-ops/internships will need to be completed in person at our Victoria office with the option to work one day per week from home. Please note, some positions are not eligible for hybrid work.

  HOW TO APPLY

  • Apply directly to the Finance Co-op/Internship posting on our careers page https://bci.wd10.myworkdayjobs.com/BCI_Careers

  • Application deadline: February 1, 2024 at 11:59 pm PT

  • Please upload a cover letter, resume, and transcripts (unofficial transcript will suffice)

  • Please indicate which position(s) and term(s) you are applying for

  • Note: The ability to legally work full-time in Canada for the duration of your work term is a condition of employment at BCI

  At BCI, we value diversity and believe in fostering an inclusive culture where all employees can be successful.

  We are performance and client focused and value integrity; if you share these values, we want to know you.

  We recognize that some skills can be learned on the job and encourage all to apply.

  If you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations), contact us at hr@bci.ca .

  We would like to hear from you!

• About the company

  With $199.6 billion in assets under management, British Columbia Investment Management Corporation (BCI) invests on behalf of BC's public sector.

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