Associate, High Conviction Equities - Healthcare / Pharma

Associate, High Conviction Equities - Healthcare / Pharma

The opportunity

Based in our office in Toronto, the Associate 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 Associate will analyze potential investment opportunities, execute investments, and monitor healthcare companies under coverage.

Who you’ll work with

HCE’s team in Toronto is comprised of small teams of sector specialists covering healthcare, financials, industrials, consumer, technology and media / telecom. You will primarily work with the healthcare team as a sector specialist. Besides the team in Toronto, you will have the opportunity to work closely with a team of professionals across Ontario Teachers’ global offices.

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 healthcare 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 Ontario Teachers’ office-wide initiatives

What you’ll need

Min. 2+ years related work experience in asset management, equity research, pharma, healthcare 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 life sciences is helpful

CFA progress 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

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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

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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 (peopleandculture@otpp.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.

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Functional Areas : Investments

Requisition ID : 5239