Senior Manager, Valuations

Senior Manager, Valuations Location: Victoria, BC About Us: 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. 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 Actionpage. POSTING CLOSE DATE:May31, 2026 Are you a valuation leader looking to apply your private marketsexpertisewithin one of Canada’s largest asset managers? Based in Victoria, BC, theSenior Manager, Valuationsis responsible forthe execution of BCI’s private investment valuation processes acrossPrivate Equity, Infrastructure and Renewable Resources, and Private Credit. The role includes reviewing complex valuation work and supporting the development of junior team members. THE OPPORTUNITY Reporting to theDirector, Valuations, this roleis responsible forleading valuation processes and exercising sound judgment on fair value matters across assigned portfolios. The Senior Manager oversees external valuator relationships, prepares analysis and conclusions for the Valuation Committee and senior management, and contributes to valuation policy, governance, and continuous improvement, including the thoughtful use of technology and AI to enhance efficiency and controls. WHO YOU WILL WORK WITH Financial Reporting & Valuationsis made up of two teams, Financial Reporting and Valuations who combined are responsible for the daily price verification for Fixed Income and Public Equity securities as well as the quarterly and year-end valuation processes for BCI’s private market investment portfolio, including Private Equity, Infrastructure & Renewable Resources, and Private Credit. The branch also resolves IFRS accounting and valuation issues across all asset classes, prepares annual financial statements for BCI programs, pooled funds, and Combined Funds, and reports and presents financial and valuation information to BCI’s Valuation Committee and Board and Board-related committees. WHAT YOU BRING Professional accounting designation (CPA), Chartered Financial Analyst (CFA), and/or Chartered Business Valuator (CBV) 8–10 years of experiencein private investment valuation, with progressively increasing responsibility Demonstratedexpertisein 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 strongexpertiseinIFRS 13 (Fair Value Measurement)and standards relevant to investment company accounting 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 Excellent written and verbal communication skills, with the ability to clearly articulate complex valuation matters to senior management and committee audiences Preferred 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 WHAT YOU WILL DO Valuation Oversight 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 Identifiesvaluation issues and control gaps early within assigned workstreams, drivestimelyremediation 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 auditors Policy & Governance Contributes to BCI's valuation policies, methodologies, and internal directives,monitoringregulatory and accounting developments to flag material implications and ensure alignment with IFRS and evolving market practice External Advisor & Auditor Management Manages relationships with external valuators, including scoping, reviewing deliverables, and ensuringtimelycompletion 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 Technology & AI Enablement 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 toidentify, evaluate, and implement tools that enhance efficiency, accuracy, and governance People Development Provides coaching, performance management, and onboarding support for direct reports within assigned workstreams WHERE YOU WILL WORK 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. SALARY RANGE The annualized base salary range for this Victoria-based role is CAD $124,000 to $155,000. 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.