Research Associate, Private Equity

Sandpiper is a Vancouver-based private equity firm focused on investing in real estate through direct property investments and securities.

We are the pre-eminent activist investor in real estate in Canada. Our approach to underwriting opportunities allows us to invest with conviction and actively work to narrow the value gap in our investee companies/REITs.

In 2023, Sandpiper broadened its investment mandate to include acquiring mid-market Canadian businesses across various industries. This initiative led to the successful closing of our first acquisition under this vertical in December 2024.

POSITION DESCRIPTION

The Research Associate will assist members of the Investment Team to conduct research and analysis on real estate investment opportunities as well as our mid-market investment mandate. The Research Associate will also provide support to the Investment Team on due diligence, valuations, and the preparation of presentations and materials for internal and external stakeholders. The Research Associate position is a developmental role with candidates expected to become an Analyst on the Investment Team upon the demonstration of consistent exemplary performance.

We are looking for a highly motivated and intellectually curious candidate with strong written and verbal communication skills, excellent presentation abilities, and superior analytical skills. We enjoy working with quick learners who thrive on diving deep into new topics and challenges.

RESPONSIBILITIES

Multifunction Research Support

1. Synthesize market information to be used in valuation, appraisals, competitive analysis, industry analysis, negotiation support and various other applications
2. Compile and analyze relevant company and industry information from a broad range of sources such as financial databases, industry publications, financial statements and public disclosures
3. Provide feedback on investment hypotheses while continuously reviewing real estate market and other industry trends
4. Maintain and update deal flow database
5. Prepare presentations and materials for various internal and external stakeholders

Investment Due Diligence and Valuation

1. Support the investment team to perform deep dive research, analysis and comprehensive due diligence on investment opportunities
2. Assist in developing and maintaining complex financial models to analyze transactions (incorporating operating drivers, historical and forecast financial statements, multiple capital structures and exit valuation and return analysis, as well as scenario and sensitivity analysis)
3. Perform valuation analysis, including precedent transaction, comparable company, and DCF analysis

This job description may not be inclusive of all assigned duties, responsibilities, or aspects of the job described, and may be amended at any time at the sole discretion of Sandpiper.

POSITION QUALIFICATIONS AND REQUIREMENTS

1. Undergraduate degree in commerce, business, economics, finance, or a related field
2. 0 – 2 years of related work experience
3. Strong interest in investments and a genuine curiosity about business
4. Willingness to pursue or actively working towards a CFA designation
5. Strong research, project management, financial modeling, analytical and valuation skills
6. Ability to systematically manage a challenging workload and meet stringent deadlines
7. Advanced knowledge of Microsoft Excel and PowerPoint
8. Desire to work in a team environment
9. Ability to work full-time from our Vancouver office
10. Legally qualified to work in Canada

SALARY RANGE

$60,000 to $70,000 annually and a performance-based bonus

HOW TO APPLY

Interested applicants should send the following documents to kevin@sandpipergroup.ca with “Research Associate” in the subject header:

1. Resume
2. Copy of unofficial or official university transcripts

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