This is a temporary contractor position offering a unique opportunity to contribute to the oversight and day-to-day management of large-scale Defined Benefit and Defined Contribution pension plans. The successful candidate will provide high-quality analytical, reporting, and operational support across a broad range of investment and governance functions, working closely with internal stakeholders and external service providers to ensure effective plan management and regulatory compliance.

Responsibilities

- Conduct ongoing monitoring of public and private markets investment managers, reviewing quarterly reports, capital account statements, and disclosures to identify key themes, risks, and performance drivers
- Evaluate investment manager performance relative to benchmarks, peer groups, and stated investment philosophy; escalation concerns with explicit recommendations
- Support portfolio construction for private markets, including pacing analysis, commitment planning, vintage diversification, sector and geography concentration, and liquidity forecasting
- Support portfolio construction and management for public market investments, including asset allocation, position sizing, factor and style exposure analysis, rebalancing, and liquidity optimization
- Develop and maintain dashboards tracking commitments, NAV, unfunded commitments, cash flows, fees, and exposure metrics for private market investments
- Provide analytical support for the DC Plan, including governance reporting, vendor coordination, service-level monitoring, and oversight of recordkeeper and investment options
- Assist with DC analytics covering participation rates, contribution rates, default usage, and investment option utilization trends
- Participate in due diligence for new and existing public and private markets investment managers, including investment and operational due diligence, interviews, reference checks, and track record analysis
- Support investment manager lifecycle activities including onboarding, mandate changes, watch-listing, terminations, and transition planning
- Assist in drafting investment due diligence memos, committee materials, and summary documents articulating thesis, risks, and deal terms




- Support negotiation and review of legal and contractual documentation such as Investment Management Agreements, Limited Partnership Agreements, side letters, and subscription documents
- Produce and enhance recurring portfolio risk reporting including risk decomposition, factor exposures, concentration, and liquidity analysis
- Conduct scenario analysis and stress testing; summarize key risk themes and recommend actions for discussion
- Support funded status monitoring and liability analytics, including interest rate and inflation sensitivity and contribution and benefit cash flow analysis
- Contribute to Asset Liability Management materials including assumptions tracking, results summaries, and governance committee recommendations
- Manage ESG data collection, validation, and reporting across investment managers and service providers; support ESG integration processes and draft committee-ready ESG narratives
- Coordinate, prepare, collate, and deliver materials for pension, investment, and risk committee meetings under tight deadlines
- Track capital calls, distributions, and management and performance fees; initiate required administrative actions and ensure timely processing
- Work with the DB Plan custodian on day-to-day operations including reconciliations and settlement follow-ups
- Support cash management to ensure liquidity is maintained for plan expenses and benefit payments, including private markets cash flow forecasting
- Ensure timely and accurate payment to vendors, investment managers, and other service providers
- Ensure the Plans meet all applicable regulatory, reporting, and compliance requirements; support audits, reviews, and ad hoc information requests

Skills

- Strong working knowledge of private markets concepts including commitment structures, capital calls and distributions, J-curve dynamics, PME, DPI/RVPI/TVPI, and fees and carry
- Proficiency in Excel and PowerPoint with the ability to synthesize complex data into clear,



committee-ready narratives and presentations
- Programming skills and experience with private market analytics tools such as iLevel, Bloomberg, and NEXEN
- Strong analytical and quantitative skills with the ability to interpret investment performance, risk metrics, and portfolio data
- Excellent written and verbal communication skills for preparing reports, presentations, and committee materials and engaging effectively with internal and external partners
- High degree of initiative, accountability, and independent judgment to identify issues, develop recommendations, and ensure timely follow-through
- Strong organizational and time management skills with the ability to manage competing priorities and deliver accurate work within established deadlines
- Ability to build and maintain effective working relationships with investment managers, custodians, consultants, and internal stakeholders
- Familiarity with ESG integration frameworks, proxy voting processes, and responsible investment reporting

Experience

- 3–5 years of relevant experience at a pension fund, investment consultant, private markets platform, fund-of-funds, or asset manager
- Demonstrated experience supporting portfolio monitoring, investment due diligence, and risk reporting across public and private asset classes
- Experience with pension plan operations, including custodian coordination, cash management, and regulatory compliance, is considered an asset
- Experience supporting DC plan governance, vendor oversight, and recordkeeper management is considered an asset

Qualifications

- Undergraduate degree in Finance, Economics, Mathematics, Engineering, or a related discipline
- Progress toward or completion of a CFA, CAIA, or other relevant professional designation is considered an asset
- This is a hybrid position requiring the successful candidate to work on-site in Toronto a minimum of two (2) days per week . Occasional travel to the Markham and/or Barrie offices will be required based on project needs. In support of business and project requirements, Hydro One may require travel between offices up to five (5) days per week . Candidates must be able to accommodate this travel as needed.

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📌 Senior Advisor Pension Fund (Toronto)
🏢 Hydro One
📍 Toronto