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ASSISTANT VICE-PRESIDENT, PORTFOLIO MANAGEMENT - GROWTH & TRANSITION CAPITAL

BDC

BDC

Sales & Business Development
Montreal, QC, Canada
Posted on Tuesday, July 9, 2024

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...

*Please note that this position requires bilingualism in French & English.

POSITION OVERVIEW

The AVP, Portfolio Management– Growth and Transition Capital helps identify, diagnose, and improve underperforming Growth & Transition Capital (GTC) investments. The incumbent supports GTC field operations and leverages the knowledge/expertise of external specialists and other BDC groups (Consulting, Business Restructuring Unit, Special Accounts) to add value where possible and appropriate. The AVP, Portfolio Management directly manages certain key underperforming accounts that require special expertise or more attention with the goal of returning healthy files to field operations or exiting them. They strive to reduce GTC losses, increase ROI and improve field productivity, while contributing to the improvement of GTC overall portfolio management capabilities.

CHALLENGES TO BE MET

  • Assess underperforming clients’ situations, identify key issues, develop strategic options and action plans, which may include hiring a consultant, adding/changing management or boards, identifying sources of new capital, financial restructuring of existing debt or quasi-equity instruments, M&A, formal restructuring, liquidation, etc. Leverage both internal and external resources to maximize positive impact and value to the company.

  • Provide ad hoc consulting advice on underperforming accounts or special situations to GTC field staff or directly to the client as requested and appropriate.

  • Provide ongoing proactive advice to GTC team and to clients on certain accounts that require increasing attention and involvement (“co-management”).

  • Manage certain underperforming accounts directly and act as GTC’s representative with third parties, both internal and external, with the goal of either stabilizing/improving the account’s performance so that it may be returned to the field, or exiting the investment to maximize return or minimize losses.

  • Monitor the execution of strategies and action plans, whether performed by external or internal resources, evaluate results, and adjust the strategy/action plan as required.

  • Contribute to the improvement of GTC overall portfolio management capabilities and efficiency by providing input when requested on the group’s early warning system to identify underperforming companies on a timely basis, reporting systems to help track their progress, criteria to help triage companies towards the best portfolio management resources, and processes to implement, monitor and collaborate on action plans.

  • Develop and maintain relationships with various external professionals and the financial community to support diagnostic requirements and strategy implementation (including consultants and funding sources), as well as remain abreast of relevant legislative developments and emerging trends.

  • As required, develop and communicate “lessons learned” and best practices with internal BDC groups to increase the knowledge of GTC account managers, and improve policy, procedures and customer service.

  • Develop harmonious working relationships with the field and keep the MD’s and Directors abreast of developments in their accounts through regular monthly meetings and ad hoc calls as appropriate.

  • Complete timely and thorough quarterly/annual account reviews, regular updates to the group’s dashboard report, well-crafted amendments, update memos as appropriate, etc.


WHAT WE ARE LOOKING FOR

  • Bachelor’s degree in Finance, Commerce, Business Administration, or related field

  • More than 15 years of relevant experience, including investment and/or business operations, turnaround, and M&A

  • Knowledge of financial transactions in equity/quasi-equity and mezzanine financing

  • Board and Portfolio Management experience within a SME context

  • MBA and entrepreneurial experience are an asset

  • Ability to anticipate the long-term impact of all decisions and to take a broad approach to problem solving

  • Ability to quickly assess the business context and key issues to identify viable options to maximize ROI or reduce losses

  • Strong financial and operational skills and sound investment judgement

  • Ability to collaborate, influence and build trust with GTC staff, other internal groups within BDC and clients and other stakeholders

  • Strong negotiation and interpersonal skills

  • Scrupulous attention to detail and accuracy

  • Excellent communication skills, oral and written, in both official languages (French and English)

Proudly 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 accessibility@bdc.ca.

While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.