Finance Co-op/Internship (Fall 2024 and/or Winter 2025 and/or Summer 2025)

BCI

3mo ago

Applications are closed

Internship
Full-time
Off-cycle Internship
Banking & Finance
Victoria

Requirements

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.

Responsibilities

Finance Client Engagement:
The Finance Client Engagement co-op/intern will work within our Finance department in the Client Financial Planning & Analysis and Client Financial Reporting teams. This is a great opportunity for you to gain a broad understanding and experience in areas such as financial planning, financial reporting, budgeting, and forecasting, financial analysis, Key Performance Indicators (KPIs), stakeholder communication and management, while using technologies and applications including MS Office (Outlook, Excel, Word, Power Point), Jet Analytics, MS NAV, and Share Point.
What you will be doing:
Assist with the preparation of special purpose financial reports that are prepared for clients on an as needed basis
Assist with the financial planning deliverables for pension clients’ fee consultation and approval meetings, including fee estimates modeling, briefing notes drafting and working with teams from front, middle and back offices
Assist with the preparation of benchmarking deliverables including client KPI reports and CEM Benchmarking reports for audience including senior management, other departments, and clients
Assist with the monthly internal cost recovery process, including processing large data sets, modeling, and reporting
Monitor emails received from clients and, depending on the request or question, respond directly to the client, or assign to an appropriate member of the team for follow up
Monitor and assist with the analysis on clients’ requests related to investment management fees
Corporate Accounting:
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
Investment Accounting:
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:
The Tax co-op/intern will work on the Tax Team, which is responsible for tax compliance and deal advisory work. The Tax Team supports BCI by managing tax matters related to the investment asset classes and corporate offices. Ongoing tax compliance is important to maintain good standing with Canadian and International governing bodies. BCI’s Tax Team also plays a significant role in structuring and coordinating investment deals. If you are interested in developing and implementing 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. Projects may include updating investment structure diagrams, collecting and interpreting historical data, and filing tax returns
Organize and maintain tax documents, SharePoint sites, and Excel databases
Gather and prepare information for Canadian, US, and International tax filings
Support indirect tax filings, including GST and PST
Collaborate with internal teams (ex: Corporate Accounting, Legal, Asset Classes, etc.) and external groups (lawyers, accountants, and other advisors)
Document new procedures and suggest improvements to established processes
Prepare tax forms and materials for management and other departments
Valuations:
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

BCI

Building Meaningful Futures

Finance

Industry

5001-10,000

Employees

1999

Founded Year

Mission & Purpose

British Columbia Investment Management Corporation (BCI) offers an exceptional opportunity to work at a world-class organization. With $233.0 billion of gross assets under management, BCI is the provider of investment management services to British Columbia’s public sector. We invest globally across a range of asset classes and strategies in public and private markets. BCI generates the investment returns that help our British Columbian public sector clients build financially secure futures. The people who work at BCI are committed, passionate, and approachable. They aim for continuous improvement and share BCI’s core values of clients first, performance focused, world class, accountability, transparency, and integrity. Being recognized as one of Canada’s Top 100 Employers, Canada’s Top Family-Friendly Employers and BC’s Top Employers exemplifies BCI’s ongoing commitment to be a progressive workplace of choice; one that attracts, retains, and promotes talent so that we can continue to work towards meeting our clients’ financial goals. As an active in-house asset manager, BCI depends on specialized skills and expertise to successfully execute its world-class investment strategies and fulfill client needs. We are currently expanding our team and our skill base to equip BCI for the future.