Associate, Venture Capital - Black Entrepreneurs Fund

We are banking at another level.

Choosing BDC as your employer means working in a healthy inclusive and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently to fuel the success of Canadian entrepreneurs.

Choosing BDC as your employer also means:

• Flexible and competitive benefits including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions a Defined Benefit Pension Plan a $750 wellness and health care spending account to name a few

• In addition to paid vacation each year five personal days sick days as necessary and our offices are closed from December 25 to January 1

• A hybrid work model that truly balances work and personal life

• Opportunities for learning training and development and much more...

POSITION OVERVIEW

BDCs Black Entrepreneurs Fund (BEF) is the largest of its kind globally investing in Canadas leading black entrepreneurs to drive transformative impact. The $100M fund was announced in 2024 with a focused objective of creating sustainable businesses within the black community.

The mission of the BEF is to provide black entrepreneurs with the capital resources and mentorship they need to succeed. By fostering opportunities for financial growth and business development the BEF aims to reduce economic disparities and promote equity within the business landscape. The fund supports innovative ventures that have the potential to generate significant economic and social benefits thereby contributing to the overall prosperity of the black community in Canada.

Reporting to the managing partner of the Black Entrepreneurs Fund and working collaboratively with partners associates and analysts the Senior Associate is an integral member of the BDC Capital team and is involved in all aspects of the investment and portfolio management process. They will participate in the review of investment opportunities and assist in managing an existing legacy portfolio and new investments for all of the funds we manage.

Platform Building

• Assist in managing the deal pipeline quarterly/bi-annual reports and providing financial analysis

• Supervise and mentor analysts reviewing their work quality and ensuring alignment with BDC standards

• Support other team members as appropriate during the development stage of an investment

• Support ecosystem building within the black community

• Ensure that the investment research files business plans and other collected information are maintained in conformity with BDCs policies and procedures

• Ensure that new and existing investments files are properly documented by monitoring investments amendments and disbursements including financial analysis and forecasting

Deal Sourcing

• Build and maintain relationships with entrepreneurs and ecosystem partners relaying any relevant information upwards

• Maintain involvement in associations within the investment community and keep abreast of significant developments activities and initiatives in the industry

• Stay on top of the current portfolio identifying companies that are likely to raise funds for new and follow-on investments and relaying information upwards

• Perform market research and scouting to inform the funds investment strategy identifying emerging markets verticals technologies or companies

• Conduct initial business plan reviews support initial communications with entrepreneurs and referring sources prepare initial interview memoranda and recommendations to pursue or decline deals

Deal Making

• Lead a workstream of due diligence on companies market competition management sales products cap table and anything that is relevant to determining potential business value and exit strategies

• Determine and validate performance metrics creating valuation models forecasts and financial pro formas

• Lead Investment Memo creation with full sections across all key areas

• Present Findings to Investment Committee and support Partners during detailed presentations

• Analyze technical documentation and/or work with technical consultants to evaluate technologies products and services

• Conduct management reference calls independently with competitors clients industry experts and prospect companys current or past employees

• Develop and maintain appropriate information resources and subject-matter expertise in various industries markets and business trends

Portfolio Management & Support

• Monitor portfolio performance comparing performance to forecasts and models and relaying potential opportunities and issues to management

• Participate occasionally in investee board meetings as an observer keeping abreast of developments and escalating relevant information to Partners

• Assist investees with introductions to potential suppliers investors and employees

WHAT WE ARE LOOKING FOR

Typical Background

• 4 to 6 years of experience in a role involving structured thinking financial analysis and technical expertise. These profiles are likely to come from but are not limited to:

  • Finance roles: venture capital private equity investment banking accounting firms

  • Operator roles: technology startup industry-leading corporation industry specialist

  • Advisory roles: consulting law corporate strategy corporate development

• Bachelors degree in Commerce Economics Science Technology Engineering or Mathematics (STEM). Other degrees are viable if the professional has strong analytical skills

• A post-graduate degree or equivalent certification completed or in course is valuable. Typical post-graduate credentials are likely to be but are not limited to:

  • Masters degree in business administration (MBA)

  • Other STEM Masters or PhD degree

  • Chartered Financial Analyst (CFA)

Technical Knowledge

• Strong skills in Excel particularly in building complex financial models multi-scenario financial models that include sensitivity analysis and scenario modeling as well as performing data analysis. Any other analytic tools and techniques are an asset

• Good ability to problem-solve using structured thinking and communication techniques

• Good ability to use other MS suite applications efficiently mainly Word and PowerPoint

• Proficiency with using AI tools

• Ability to intervene pertinently in the context of a presentation to executive audiences

• Ability to write an Investment Memo that is clear concise and eloquent

• Any technology skills with wide application such as coding chemistry electronics are an asset

• Operational knowledge of any technical industry is an asset

• Bilingualism in French and English is an asset

Behavioral Traits

• Supportive helpful attitude willingness to proactively identify gaps and jump in to fill them

• Motivation and ability to do focused independent work in the context of a team

• Ability to work collaboratively and build positive relationships with stakeholders within and outside ABC with a sensible approach to vertical and horizontal relationships

• Continuous learning attitude with maturity to take feedback constructively

• Enthusiasm to supervise and mentor junior colleagues providing guidance and feedback on their work

• Ability to delegate tasks effectively while maintaining quality standards

• Comfort working in a fast-paced environment where objectives must be met within tight deadlines

• Ability to thrive in a lean team structure with significant independence and responsibility

Proudly one of Canadas Top 100 Employers and one of Canadas Best Diversity Employers we are committed to fostering a diverse equitable inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application please do not hesitate to contact us at .

While we appreciate all applications we advise that only the candidates selected to participate in the recruitment process will be contacted.