Associate Director, Infrastructure Equity

Manulife Investment Management (“MIM”) is a global wealth and asset management business with assets under management and administration of approximately US$900 billion as of December 31, 2024. Investment strategies include fixed-income, specialized equity, multi-asset solutions, and private markets. The Private Markets group has investment teams managing real estate debt, real estate equity, timber, agriculture, infrastructure equity, private equity and private credit on behalf of institutional clients and Manulife’s balance sheet. Investment teams operate in a boutique environment, empowered to make investment decisions in line with their singular philosophy and their clients’ long-term objectives.

Within Private Markets, the MIM Indirect Infrastructure Equity Investment Team (the “Team”) consists of investment professionals whose work is focused on institutional funds and co-investments globally across sectors including renewable energy, power and utilities, transportation, and digital infrastructure. The Team oversees the portfolio of the Manulife general account with ~ C$12 billion of assets under management.

The Team is seeking candidates for the position of Associate Director. The candidate, based in Toronto, will focus on global infrastructure equity fund investments and co-investments. The candidate will participate in the sourcing and underwriting of new investment opportunities as well as monitoring investments over their holding period.

Position Responsibilities

• Actively participate in sourcing new investment opportunities by developing relationships with placement agents, infrastructure equity firms and other deal relevant sources. The candidate will also be responsible for managing some existing relationships with external fund managers.

• Take a leadership role in the completion of due diligence of new infrastructure equity fund commitments and co-investments. The candidate will be expected to develop their own diligence plan including advanced financial modelling of various investment outcomes, identification of key risks and areas of focus. In addition, the candidate is responsible for ensuring the analysis is appropriately documented.

• Lead and contribute to the preparation of investment memos, often in collaboration with junior members of the investment team, summarizing findings from the analysis noted above. The successful candidate will be responsible for presenting the investment thesis to the Investment Committee.

• Review and negotiate legal documentation with oversight of other senior members of the team and legal counsel.

• Take an active role in monitoring investments; This includes identifying important developments and evolving risks, representing the organization on Limited Partner Advisory Committees and portfolio company boards of directors, maintaining an active dialogue with sponsors and investment partners, and reviewing quarterly financial reports provided by sponsors and portfolio companies.

• Contribute to the timely and accurate reporting of portfolio and group related reporting activities. This can include assisting in the aggregation and reporting of portfolio level data for senior management and valuation of portfolio assets. The candidate may also be expected to make presentations to internal clients.

• Take overall responsibility for the oversight of Associates’ and Analysts’ work product and provide mentoring of these team members.

Qualifications

Consider yourself an ideal candidate for this program if you are a highly motivated individual with demonstrated analytical, problem solving, and leadership skills; possess strong interpersonal skills; function well in a team environment; and if you are a results-oriented individual. In addition, we are looking for candidates who have the following:

• Bachelor’s degree in business, finance, accounting, or economics.

• A minimum of 7 years of experience in financial markets, including considerable experience in underwriting infrastructure equity investments.

• CFA / MBA is considered an asset.

• Strong understanding of corporate finance and an ability to assess financial performance, portfolio company acquisition multiples, and carrying values.

• Understanding of financial statements and strong financial modelling abilities and analysis skills.

• Strong verbal and written communication skills to effectively communicate with senior management. Ability to synthesize large amounts of data and communicate key findings through these communication skills.

• Ability to work independently and with a wide variety of people, including internal and external parties, and meet deadlines while managing several assignments.

• Demonstrated project and time management skills.

• Willingness and availability to travel.

When you join our team:

• We’ll empower you to learn and grow the career you want.

• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we’ll support you in shaping the future you want to see.

Our compensation package for this role includes a competitive base salary complemented by a significant variable component, providing additional rewarding opportunities beyond the base pay listed.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact recruitment@manulife.com.

Referenced Salary Location

Salary range is expected to be between

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact recruitment@manulife.com for more information about U.S.-specific paid time off provisions.