At a Glance
- Tasks: Lead investment decisions in global listed real estate and conduct in-depth research.
- Company: Join CPP Investments, a top institutional investor with a focus on sustainable returns.
- Benefits: Competitive salary, diverse team culture, and opportunities for professional growth.
- Other info: Dynamic role with significant career advancement potential in a collaborative environment.
- Why this job: Make a real impact in the investment world while collaborating with exceptional colleagues.
- Qualifications: Experience in equity research or investment, particularly in listed real estate.
The predicted salary is between 100000 - 150000 € per year.
Joining CPP Investments means joining one of the world’s most admired and respected institutional investors to drive a single mandate: to deliver strong, sustainable returns for generations of Canadians. With a long-term horizon and global reach, we deploy capital at scale across public and private markets. Our size, stability, and disciplined investment philosophy allow us to pursue complex opportunities and build enduring partnerships worldwide. For our people, this means meaningful work with tangible impact, real opportunity, and collaboration with exceptional colleagues who value partnership and performance. Here, you’ll contribute to outcomes that matter alongside team members committed to excellence and shared success.
Role Summary:
The Managing Director, Listed Real Estate, plays a leadership role in making investment decisions within global listed real estate securities by leveraging deep domain expertise across property sectors, markets, and regions. Responsibilities include generating investment ideas, conducting fundamental research, assessing investment opportunities, exercising investment judgement to make (or recommend) investment decisions, executing transactions, monitoring portfolio holdings, and managing the portfolio within established risk guidelines. The role also involves developing and managing relationships with company management teams, industry experts, sell-side analysts, and banking partners.
Accountabilities:
- Conduct detailed fundamental research and financial modelling to evaluate investment opportunities in the listed infrastructure universe, with lead responsibilities for specified countries and sectors.
- Undertake company-level valuation analysis using long-term cash flow forecasts and relative value frameworks. Identify causes of dislocations and catalysts for value crystallization.
- Monitor industry trends, market dynamics, and company-specific events to inform investment strategy and recommendations.
- Produce high-quality investment memos and updates for internal committees.
- Oversee planning and execution of fundamental research, triage the ideas, define investment thesis, ensure analytical rigor of research insights, assess market expectations.
- Make (or recommend) investment decisions (entry and exit) by synthesizing thesis, insights, evidence, reward, and risk into relative value decisions.
- Accountable for buy/sell decisions, position sizing, timing of entry/rebalancing/exit trading, and resulting investment returns/alpha.
- Make ongoing portfolio decisions based on underlying fundamental company performance, shifts in market expectation and relative value opportunities.
- Manage portfolio within mandate guidelines, makes portfolio construction and risk management decisions, by weighing relative returns and assessing idiosyncratic & other risks.
- Build relationships with the company management teams, industry experts, sell-side analysts and banking partners.
- Collaborate with colleagues across Private Infrastructure, Active Equities, and Listed Real Assets to develop cross-platform insights and enhance capital allocation.
Qualifications:
- Undergraduate degree or college diploma in relevant field.
- An advanced degree or certification (CFA) is an asset.
- Commensurate equity research or investment experience with buy-side coverage of listed real estate in North America, UK and Europe.
- Strong track record of delivering Investment returns above benchmark.
- Passion for investing and a disciplined, fundamentals-driven approach to valuation.
- Proven strength in financial modelling, accounting, and equity valuation techniques.
- High intellectual curiosity with the ability to filter noise and focus on key drivers.
- Adaptability to a structured process and openness to learning and applying the team’s valuation and investment framework.
- Demonstrated humility, collaboration, and a willingness to support team goals.
- Significant relationship management experience including primary responsibility for managing relationships with company management, sell-side analysts, industry experts, banking partners.
- Strong research, analytical, financial modeling, valuation, problem solving skills and ability to think creatively.
- Excellent analytical and communication skills, with the confidence to express ideas clearly and constructively.
You are motivated to contribute to something larger than yourself, approach complex challenges with rigor, and hold yourself to high standards in a collaborative, performance-driven environment.
Inclusion & Accessibility
CPP Investments is committed to equitable access to employment and building a workforce that reflects diverse talent and perspectives. If you require accommodation at any stage of the recruitment process, please let us know and we will work with you to meet your needs.
Attention: Protect Yourself from Fraud
CPP Investments is committed to a secure and transparent recruitment process. We will never ask candidates for payment or financial information at any stage of hiring. All legitimate opportunities are posted on our careers page, and communications will come from our applicant tracking system, Workday. CPP Investments may use AI tools to help screen and assess applicants by analyzing resumes and applications for relevant skills and experience. These tools support, but do not replace, human decision-making.
Managing Director, Listed Real Estate (Contract - London or Toronto) employer: Canada Pension Plan Investment Board
CPP Investments is an exceptional employer that offers a dynamic and collaborative work environment, where employees are empowered to make impactful investment decisions within a global context. With a strong focus on professional growth, the company provides ample opportunities for career advancement and skill development, all while fostering a culture of excellence and teamwork. Located in vibrant cities like London and Toronto, employees benefit from a rich cultural landscape and access to a diverse network of industry experts, enhancing both personal and professional experiences.
Contact Detail:
Canada Pension Plan Investment Board Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Managing Director, Listed Real Estate (Contract - London or Toronto)
✨Tip Number 1
Network like a pro! Reach out to your connections in the real estate sector and let them know you're on the hunt for a Managing Director role. Personal referrals can make a huge difference, so don’t be shy about asking for introductions.
✨Tip Number 2
Prepare for interviews by diving deep into the company’s recent projects and performance. Show that you’re not just interested in the role but also passionate about their mission and how you can contribute to their success.
✨Tip Number 3
Practice your pitch! You’ll want to clearly articulate your investment philosophy and how your experience aligns with their goals. A confident and well-prepared presentation can set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team at CPP Investments.
We think you need these skills to ace Managing Director, Listed Real Estate (Contract - London or Toronto)
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Managing Director role. Highlight your experience in listed real estate and how it aligns with our goals at StudySmarter. We want to see how you can bring value to our team!
Showcase Your Analytical Skills:Since this role involves rigorous analysis, don’t shy away from showcasing your financial modelling and valuation expertise. Use specific examples from your past experiences that demonstrate your analytical prowess and decision-making skills.
Be Clear and Concise:When writing your application, clarity is key! Keep your language straightforward and avoid jargon. We appreciate a well-structured application that gets straight to the point while still reflecting your personality.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Canada Pension Plan Investment Board
✨Know Your Numbers
As a Managing Director in Listed Real Estate, you'll need to demonstrate your financial acumen. Brush up on your financial modelling and valuation techniques. Be prepared to discuss specific investment opportunities and how you would evaluate them using long-term cash flow forecasts.
✨Showcase Your Research Skills
This role requires rigorous fundamental analysis. Bring examples of past research you've conducted, especially in the real estate sector. Highlight how your insights led to successful investment decisions and be ready to discuss industry trends that could impact future investments.
✨Build Relationships
Relationship management is key in this position. Prepare to talk about how you've successfully built and maintained relationships with company management teams, analysts, and banking partners. Share specific examples of how these relationships have benefited your investment strategies.
✨Collaborate and Communicate
Since this role involves working closely with a high-performing team, emphasise your collaborative skills. Be ready to discuss how you’ve contributed to team goals in the past and how you communicate complex ideas clearly. This will show that you can thrive in a performance-driven environment.
