About Us: With $313.7 billion of gross assets under management, as of March 31, 2026, British Columbia Investment Management Corporation (BCI) is the provider of investment management services for British Columbia’s public sector and one of the largest asset managers in Canada. BCI seeks investment opportunities around the world and across a range of asset classes that convert savings into productive capital. Our investment returns play a significant role in helping our institutional clients build a financially secure future for their beneficiaries. Headquartered in Victoria, British Columbia, and with teams spanning Vancouver, New York, London, and Mumbai. BCI integrates environmental, social, and governance (ESG) factors into all investment decisions to meet clients' risk and return requirements. Our people shape employee-focused initiatives, creating a strong culture. To learn more about our culture and values, visit our BCI Values in Action page. POSTING CLOSE DATE: November 9, 2026 THE OPPORTUNITY Reporting to the Senior Managing Director, Partnership Portfolio, the Managing Director is a senior investment leader within a dedicated team of 12+ investment professionals managing investment commitments of approximately C$25 billion. The Managing Director, together with other senior investment staff, will lead the origination, underwriting, structuring, negotiation and management of, primarily, private credit and structured capital investments through fund, co-investment and direct investment structures. The role requires deep credit expertise and hands-on experience across senior and junior debt, mezzanine financing, preferred equity, convertible instruments and other debt–equity hybrids. The Managing Director, together with other senior investment staff, are accountable for investment recommendations and the management of assigned exposures throughout their life cycle. The role requires strong investment judgment with a focus on principal protection, contractual cash flows and attractive absolute returns. It also carries responsibility for developing investment partnerships, shaping portfolio strategy as well as leading, mentoring and partnering with other investment professionals across the team. WHO YOU WILL WORK WITH The Capital Markets & Credit Investments (CM&CI) department manages C$165B of capital markets and credit investments (56% of total net AUM of BCI). The department invests globally across Credit, Equities, Fixed Income, Derivatives, and Absolute Return Strategies, with investment teams located in BCI's global offices in Victoria, Vancouver, New York, and London. As a leader in responsible investing, CM&CI actively integrates ESG factors into investment analysis and decision-making processes across all strategies. The Partnership Portfolio team’s activities include managing absolute return investments through the Global Partnership Fund (GPF). The team operates a partnership model, investing through and alongside external managers and other partners in alternative asset classes, primarily across private credit, structured capital and other specialized opportunities. This includes fund commitments with a significant focus on co-investments and direct transactions that allow greater influence over asset selection, investment terms and downside protection. The team pairs external expertise with independent underwriting and active portfolio management across sectors and investment structures. WHAT YOU BRING Typically, 12+ years of relevant experience, including substantial co-investment or direct investment responsibility in private credit and a demonstrated record of originating, underwriting, structuring and managing complex transactions through to exit at a senior level. Deep expertise in private credit, including cash-flow lending, asset-backed financing, subordinated debt and bespoke capital solutions, with a strong command of capital structures, creditor priority, collateral, guarantees, covenants and intercreditor arrangements. Experience with stressed credits, restructurings or workouts is an asset. Demonstrated experience in structured equity and debt-equity hybrids, including preferred equity, convertible securities and investments with negotiated downside protection and equity participation, together with the liquidation preferences, distribution rights, redemption provisions and governance protections relevant to these instruments. Strong independent underwriting judgment and advanced financial modelling skills, with the ability to challenge business forecasts, assess collateral and enterprise value, evaluate cash and payment-in-kind returns, equity participation and exit assumptions, and assess repayment and recovery under downside scenarios. Established relationships with private credit managers, financial sponsors, lenders, intermediaries and advisers, and a demonstrated ability to convert relationships into investment opportunities by evaluating manager capabilities, alignment, fees, allocation practices and potential conflicts in fund and co-investment relationships. Strong portfolio construction and risk-management skills, including concentration, liquidity, leverage, duration and correlation across credit and structured capital exposures. Proven ability to lead and mentor investment professionals. A collaborative team player who builds effective working relationships across the team and with colleagues throughout the organization. Clear written and verbal communication, including the ability to defend investment recommendations before investment committees and negotiate effectively with counterparties, management teams and advisers. Relevant university degree. A CFA, CPA or CBV designation, or a graduate degree in business, finance, economics or a related discipline, is preferred. WHAT YOU WILL DO Origination Underwriting and Structuring Develop and manage a pipeline of private credit, structured equity and hybrid capital opportunities. Assess relative value across instruments and identify where bespoke structures and partner relationships can improve returns and downside protection. Lead responsibility for investment due diligence by forming investment views on business quality, cash generation, capital structure, collateral and repayment capacity. Challenge forecasts and assess downside recoveries, refinancing dependence and exit alternatives. Design and negotiate investment structures, pricing and protections, including security, guarantees, covenants, creditor priority, preferred distributions, redemption rights, governance rights and equity participation, as appropriate to the instrument. Lead responsibility for commercial and documentation negotiations with counterparties and legal counsel. Assess structural subordination, covenant leakage, dilution and the enforceability of investment rights, and resolve material issues before commitment. Direct and review financial models and investment memoranda. Lead the communication of recommendations to the Senior Managing Director and investment committee, clearly explaining the investment thesis, return drivers, downside risks and proposed mitigants. Portfolio Management and Risk Own the ongoing management and monitoring of assigned investments, including operating performance, liquidity, covenants, valuation, collateral and compliance with investment terms. Identify deterioration early and lead appropriate action. Lead amendments, waivers, follow-on financings, restructurings and workouts where required. Negotiate with sponsors, borrowers, managers and other stakeholders to protect capital and maximize recoveries. Shape portfolio construction and capital allocation with senior leadership. Assess concentration, liquidity, leverage and correlated risks, and recommend hedges, exposure reductions, realizations and new commitments. Investment Partnerships and Collaboration Build and manage senior relationships with investment managers, sponsors and other capital providers to originate opportunities and secure access to co-investments or direct investments on attractive terms. Lead investment and commercial diligence on relevant fund commitments and partner relationships, including strategy, underwriting discipline, track record, alignment, governance and co-investment access. Work with BCI Legal, Risk, Tax, Valuations, Investment Operations, Performance and other investment teams to resolve execution issues and maintain effective investment governance. Team Leadership and Investment Standards Take a leadership role with the deal teams and support the development of technical credit, structuring and negotiation capabilities with the more junior investment professionals by applying clear responsibilities, active coaching and constructive feedback. Set high standards for underwriting, investment documentation and portfolio monitoring including encouraging rigorous challenge and timely escalation of material risks. Contribute to hiring, talent development, investment processes and the broader leadership of the Partnership Portfolio team, as appropriate. WHERE YOU WILL WORK This role is based in our office in downtown Victoria, BC. SALARY RANGE The annualized base salary range for this Victoria-based role is CAD $240,000 - $300,000. BCI offers a competitive total rewards package, including a performance-based incentive plan, comprehensive health & dental benefits, a defined benefit pension plan, and paid time off. We pay our people competitively in the markets in which we operate and with consideration for internal equity and job structure. The base salary will consider factors such as the individual's skill set, experience, and internal equity. We aim for actual pay to be around the market median for expected performance and the upper quartile for excellent performance. Actual salaries may vary based on experience and expertise. Next Steps: To apply online, please submit your resume promptly. Applications will be actively reviewed, and those selected for an interview will be contacted. We welcome all qualified candidates who are legally authorized to work in the country where this job is located. If you do not have authorization, or if your work permit has restrictions or is due to expire within 12 months, please inform our recruitment team if shortlisted. At BCI, we value diversity and foster an inclusive culture where all employees can thrive. We are performance and client-focused, valuing integrity, and we want to know you if you share these values. We recognize that some skills can be learned on the job and encourage everyone to apply. If you require accommodations for the recruitment process, such as alternate formats of materials or accessible meeting rooms, please contact us at hr@bci.ca. To learn more about working with BCI, including our comprehensive benefits packages, our commitment to equity, diversity and inclusion and the recruitment process visit our BCI Careers Page. BCI does not accept unsolicited resumes or candidate submissions from third-party recruitment agencies, executive search firms, or staffing suppliers unless they have an existing contractual agreement with our organization. Our approved vendor relationships are established for particular recruitment requirements and do not extend to general job postings on our website or other platforms. Any candidate information or resumes submitted by suppliers not approved by BCI will be deemed unsolicited and will not be reviewed or considered. BCI will not be liable for any fees, commissions, or charges related to unsolicited candidate submissions or recruitment services. To learn more about us, visit our BCI website With our values as our anchor, it’s our people who create the environment we work in each day. BCI has been recognized as one of Canada’s Top 100 Employers – for the sixth consecutive year – and has built programs and benefits to support all our employees. To learn more about working with BCI, including our competitive benefits packages, our commitment to equity, diversity & inclusion and the Recruitment process visit our BCI Careers Page We pay our people competitively in the markets in which we compete for talent and with consideration to internal equity and job structure. We aim for actual pay to be around the median of the market for target or expected levels of performance, and around the upper quartile of the market for excellent performance. The philosophy is principles-based and emphasizes pay-for-performance, long-term results, and meeting clients’ expectations. Our people help shape employee-focused initiatives and create the environment we work in each day – which further strengthens our culture. To learn more about our employee experience, visit our BCI Values in Action. There you will see how feedback from our employees was used to articulate our Employee Value Proposition (EVP), composed of three pillars: Performance with Purpose, Built on Collective Expertise, and Accelerating Innovation.

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