Manager, Credit Investments

ABOUT US We’re one of Canada’s largest pension investors, with CAD$320.6 billion of net assets as of March 31, 2026. We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP Investments, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before. ABOUT THE TEAM The Credit Investments team focuses on direct, investment grade and non-investment grade credit investment solutions across private and public markets. The global team invests across the capital structure, including revolving credit facilities, loans, bonds, preferred equity and rescue finance. The team is responsible for sourcing, evaluating, executing and monitoring investments across a diversified portfolio. The Manager will play a key role in the growth and management of PSP’s Credit Investments portfolio, with a primary focus on North American and European infrastructure debt opportunities. Based in Montréal, the employee will be focused on infrastructure lending, project finance, asset-backed financing, portfolio construction, and long-term value preservation aligned with PSP's investment objectives. ABOUT YOUR ROLE As a Manager, Credit Investments, you’ll: Investment Origination & Opportunity Assessment Work closely with the Credit Investments Senior Team to originate infrastructure debt investment opportunities with core partners Lead the evaluation and screening of infrastructure debt investment opportunities across sectors including transportation, energy, renewables, digital infrastructure, utilities and social infrastructure Develop investment theses and underwriting strategies aligned with PSP's long-term investment mandate, portfolio objectives and risk-return framework Contribute to the development and execution of Infrastructure Debt portfolio strategies by sector, geography and financing structure Assess market trends, regulatory developments and industry dynamics to identify emerging opportunities and risks affecting the infrastructure debt market Investment Analysis & Transaction Execution Lead complex credit underwriting and due diligence processes for project finance, corporate infrastructure debt, acquisition financing and structured lending transactions Oversee financial modelling, valuation analysis, credit assessments and downside scenarios, validating key assumptions and identifying principal investment risks Coordinate multidisciplinary teams across Legal, Tax, Risk Management, ESG, Finance and Operations throughout the investment execution process Lead negotiations of financing terms, covenant packages, security arrangements and transaction documentation with borrowers, sponsors and lending syndicates Prepare and present investment recommendations to senior leadership and Investment Committees, articulating key risks, mitigants and expected portfolio contribution Portfolio Management & Value Creation Lead the ongoing monitoring and asset management of infrastructure debt investments, including financial performance, covenant compliance, project milestones and refinancing activities Identify potential credit deterioration risks and develop strategies to protect and enhance investment value Evaluate secondary market opportunities, amendments, restructurings and follow-on investments to optimize portfolio performance Maintain effective relationships with borrowers, sponsors, co-lenders and portfolio company management teams to support long-term investment outcomes Ensure infrastructure debt investments remain aligned with portfolio construction objectives, risk limits and PSP's overall investment strategy Leadership & Investment Communication Mentor and develop Analysts, Senior Analysts and Associates by providing technical guidance, investment coaching and feedback throughout the investment process Drive collaboration and dialogue with other asset classes within PSP, most notably the PSP Infrastructure Equity team Review and challenge underwriting analyses, financial models and investment recommendations produced by junior team members Lead investment discussions and contribute to strategic planning activities within the Infrastructure Investments platform Influence decision-making through clear, concise and compelling communication of investment opportunities and portfolio matters to senior stakeholders Foster collaboration across investment groups to identify cross-platform investment opportunities and best practices WHAT YOU’LL NEED Bachelor's degree in finance, Accounting, Economics, Business Administration or a related discipline. Approximately seven (7) + years of relevant experience in direct lending, private credit, leveraged finance, investment banking, private equity or a related investment environment Prior work experience in Infrastructure/Energy origination or investing is required Demonstrated experience leading complex credit underwriting, due diligence and transaction execution processes Strong financial modelling, valuation, accounting and credit analysis skills Proven ability to exercise sound investment judgment and challenge assumptions through robust analysis. Experience managing multiple stakeholders and influencing outcomes in a fast-paced investment environment Strong negotiation, relationship management and communication skills Demonstrated ability to mentor and develop junior investment professionals Professional designation: CA or MBA and/or completed final level of CFA designation is an asset. CFA designation (completed or in progress) is considered an asset Good communications skills in English and French (or willingness to learn) (regular interactions in English with investment partners based outside of Quebec Example: peers, bankers, brokerage firms, etc. and PSP employees in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa) We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to: Investment in career development Comprehensive group insurance plans Competitive pension plans Unlimited access to virtual healthcare services and wellness programs Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers A personalized family-building support, from pre-pregnancy to menopause, with available financial assistance Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off A hybrid work model that includes four in-office days, Monday through Thursday The opportunity to work temporarily from another location in accordance with the applicable policy *Benefits package may vary based on your employee type. At PSP Investments, we aim to provide a workplace where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know. Visit us on www.investpsp.com/en/ Follow us on LinkedIn #LI-GR1

The Manager will lead the origination, evaluation, and execution of complex infrastructure debt investment opportunities while managing the ongoing performance of the portfolio. They will also mentor junior team members and collaborate across asset classes to support the growth of the Credit Investments platform.

Candidates must possess a Bachelor's degree in a relevant field and at least seven years of experience in direct lending, private credit, or investment banking. Strong financial modelling, credit underwriting skills, and prior experience in infrastructure or energy investing are required.

• Comprehensive group insurance plans • Competitive pension plans • Virtual healthcare services • Wellness programs • Gender-inclusive paid family leave • Family-building support • Vacation days • Summer Friday afternoons off

Relevées dans la description du poste. Confirmez les exigences importantes ci-dessus.

• Credit underwriting
• Infrastructure debt
• Project finance
• Financial modelling
• Valuation analysis
• Transaction execution
• Due diligence
• Portfolio management
• Credit assessment
• Negotiation
• Relationship management
• Mentoring
• Asset management
• Risk management
• Strategic planning
• Environmental Social And Corporate Governance (ESG)
• Investment Analysis
• Portfolio Construction
• Influencing Skills
• Leveraged Finance
• Private Credit
• Tax Risk Management
• Influencing Without Authority
• Credit Underwriting
• Relationship Management
• Virtual Health
• Willingness To Learn
• Bilingual (French/English)
• Valuation Analysis
• Accounting
• Asset Classes
• Asset Management
• Underwriting
• Brokerage
• Business Administration
• Management
• Strategic Planning
• Investments
• Capital Structures
• Chartered Financial Analyst
• Decision Making
• Communication
• Bond Credit Rating
• Credit Analysis
• Direct Investments
• Due Diligence
• Economics
• English Language
• Finance
• Equities

• Finance & Accounting
• Management & Leadership
• Energy
• Consulting
• Investment Manager
• Credit Manager
• Credit and Loans Officers
• Credit Analysts

Formation minimale

Diplôme professionnel

Expérience minimale

5+ ans

Langue de l’offre

anglais

Heures de travail

40 heures par semaine

Présence au bureau

4 jours par semaine