British Columbia Investment Management Corporation (BCI) offers an exceptional opportunity to work at a world-class organization while living in a west coast setting. With $295.0 billion of gross assets under management, as of March 31, 2025, 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.
Based in Victoria, BC, the Senior Manager, Valuations is responsible for executing BCI’s private investment valuation processes across Private Equity, Infrastructure and Renewable Resources, and Private Credit, applying technical judgment on complex fair value matters within a high-governance institutional environment.
Reporting to the Director, Valuations, the Senior Manager works across assigned portfolios to deliver valuation conclusions and supporting analysis to the Valuation Committee and senior management. The role engages broadly across BCI, with asset class teams, Client Reporting, Performance, and Investment Accounting — reflecting the central role that independent valuation plays in investment decision-making, client accountability, and governance. The role manages external valuator relationships, develops direct reports, and champions the use of technology and AI to enhance efficiency and governance.
You will join a collaborative team within the Financial Reporting & Valuations branch, working alongside colleagues responsible for pricing, financial reporting, and fund operations. Day-to-day, you will engage with BCI’s private markets asset class teams across Private Equity, Infrastructure & Renewable Resources, and Private Credit, as well as external valuators, auditors, and the Valuation Committee. The branch operates at the intersection of investment management and financial reporting, making it a high-visibility function within Finance.
- Professional accounting designation (CPA), Chartered Financial Analyst (CFA), and/or Chartered Business Valuator (CBV)
- 8–10 years of experience in private investment valuation, with progressively increasing responsibility
- Demonstrated expertise in valuation methodologies for illiquid assets, including discounted cash flow, market multiples, and income approaches across infrastructure, private equity, private debt, and real assets
- Deep knowledge of IFRS, with strong expertise in IFRS 13 (Fair Value Measurement) and standards relevant to investment company accounting
- Proficiency in reviewing large and complex financial models, including experience with IRR and cash flow modelling across private market asset classes
- Strong understanding of private market investment structures, fund governance, and the role of valuation within an institutional investor’s financial reporting and risk management framework
- Ability to communicate complex valuation matters with clarity and conviction to senior management and committee audiences
- Experience within an institutional investment management environment
- Demonstrated ability to take on increasing scope and complexity, with the potential to develop broader functional leadership within a valuations function
- Familiarity with technology enablement and AI tools in a valuation or finance context
- Manages year-end and quarterly valuation processes for assigned portfolios, delivering outputs on schedule with complete documentation suitable for committee review and external audit
- Reviews and challenges third-party valuation reports from external valuators on assigned portfolios to ensure methodological soundness, consistency with BCI’s valuation policies, and compliance with applicable accounting standards
- Prepares valuation conclusions, executive summaries, and supporting analysis for the Valuation Committee and management, including clear articulation of key assumptions, sensitivities, and risks
- Identifies valuation issues and control gaps early within assigned workstreams, drives timely remediation with stakeholders, and documents decisions to strengthen governance
- Serves as subject matter expert on private market valuations, responding to inquiries from internal stakeholders, asset class teams, and external auditors
- Exercises sound judgment and a high degree of discretion on complex fair value matters within assigned portfolios, providing well-researched recommendations and, where required, implementation plans to the Director
- Contributes to BCI’s valuation policies, methodologies, and internal directives, monitoring regulatory and accounting developments to flag material implications and ensure alignment with IFRS and evolving market practice
- Manages relationships with external valuators, including scoping, reviewing deliverables, and ensuring timely completion aligned with the Valuation Plan
- Serves as day-to-day point of contact for external auditor queries, providing supporting documentation and escalating issues to the Director as appropriate
- Champions technology and AI solutions within the valuations function, including automation of valuation workflows, IRR model roll-forwards, and private debt review processes
- Partners with Finance and Technology teams to identify, evaluate, and implement tools that enhance efficiency, accuracy, and governance
- Provides coaching, performance management, and onboarding support for direct reports within assigned workstreams
This role will be based in our office in downtown Victoria, BC. We are an in-person collaborative organization with the flexibility to work remotely 1 day a week.
The annualized base salary range for this Victoria-based role is CAD $135,000 to $160,000.
Apply via BCI Careers site with a cover letter and a resume: https://bci.wd10.myworkdayjobs.com/en-US/BCI_Careers/job/Senior-Manager–Valuations_JR101448
Our recruitment process requires that the successful candidate agrees to undergo a criminal record search, education and designation verification; to provide a declaration of no previous or current criminal status; and to comply with our corporate Code of Ethics & Professional Conduct.
Interested in joining our team and want to learn of other career opportunities with BCI? Create a profile and sign up for job alerts at: https://bci.wd10.myworkdayjobs.com/BCI_Careers
