THE OPPORTUNITY

Reporting to the Senior Manager, Strategic Asset Allocation, the Associate works within Strategic Asset Allocation’s advisory function, which is responsible for advising BCI clients on a wide range of investment related topics, including strategic asset allocation. The Associate’s primary role is to perform Asset & Liability Management (ALM) studies and other custom analyses to ensure that clients’ investment strategies and policies are appropriate given the nature of their respective liabilities and unique characteristics. In this regard, the Associate must develop in-depth knowledge of each client’s individual circumstances, including investment objectives, liability obligations, maturity, funding policies, actuarial assumptions, risk tolerance, constraints, etc.

As required, the Associate may support the Growth and Investment Solutions team. The Associate may also provide support in the evolution of BCI’s product shelf, assist with annual investment and capital planning activities, monitor client asset mixes relative to their policy, and model allocation transactions.

This role will be based in our Victoria, BC office.

WHO WILL YOU WORK WITH

The Investment Strategy & Risk department plays a key role in setting, implementing, and monitoring the long-term strategies of BCI’s clients. This is accomplished by working with clients, management and asset classes to define the optimal path to achieve clients’ outcomes, and enabling BCI’s investment structures and processes necessary to fulfill these outcomes. Investment Strategy & Risk consists of five branches: Strategic Asset Allocation, Total Fund Management, Investment Risk, Growth & Investment Solutions, and Client Partnerships.

Strategic Asset Allocation assists clients with developing tailored investment policies that achieve investment objectives consistent with their investment philosophies, funding policies and risk tolerances. This team also conducts research and models relevant macroeconomic developments, including assessment of the current business cycle dynamics and research of emerging economic or financial trends, opportunities, and risks.

WHAT YOU BRING

Must have:

• An undergraduate degree in Actuarial Science, Mathematics, Physics, Finance or a related discipline
• At least 5 years of direct experience in actuarial and/or investment consulting, or in a similar capacity in the actuarial or financial industries
• An understanding of actuarial and investment concepts such as ALM, strategic asset allocation and risk tolerance assessments
• Ability to perform and distill complex actuarial and investment calculations into actionable conclusions for both professional and lay audiences
• Ability to work in a fast-paced and team-oriented environment, where priorities change frequently, and deadlines are often under time pressure
• Proven ability to work collaboratively across departments to build credibility and strong relationships

Strongly preferred:

• Associate or Fellow of the Society of Actuaries (ASA/FSA)
• Prior roles include actuarial consulting in the pension field or developing ALM studies

WHAT YOU WILL GET TO DO

• Develop ALM studies and investment policy recommendations for a variety of clients (e.g., pension, insurance, benefit, endowment/foundation)
• Regularly monitor and report on clients’ investment strategies
• Support the implementation of technology and systems to enhance existing ALM analysis and advisory capabilities
• Work closely with colleagues in Strategic Asset Allocation and across Investment Strategy & Risk to perform analysis, communicate results, and develop strategies

WHERE YOU WILL WORK

Work from our downtown Victoria office. We are an in-person collaborative organization with the flexibility to work remotely one day a week.

SALARY RANGE

BCI offers a competitive total rewards package which includes a performance-based incentive plan, comprehensive health & dental benefits, a defined benefit pension plan and paid time off.

The annualized base salary range for this Victoria-based role is CAD $103,000 to $124,000.

The base salary offered to the successful candidate will consider a wide array of factors including but not limited to the individual’s skill set, level of experience applicable to the role they are being offered and consideration to internal equity.

We pay our people competitively in the markets in which we operate and with consideration to internal equity and job structure. We aim for actual pay to be around the median of the market for target or expected levels of performance, and around the upper quartile of the market for excellent performance.

Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to, experience and expertise.

WHY APPLY TO JOIN BCI

With our values as our anchor, it’s our people that help shape employee-focused initiatives and who create the environment we work in each day – all of which further strengthens our culture. BCI has been recognized as one of Canada’s Top 100 Employers – for the sixth consecutive year

and has built programs and benefits to support all our employees, including;

• Extended health and dental coverage start on your first day of work. We have you covered!
• Our telehealth provider Dialogue connects you and your family to virtual healthcare appointments.
• Eligibility for the defined benefit BC Public Service Pension Plan , providing you with a secure retirement income.
• Time off includes: 20 days vacation , 6 paid sick days, 6 paid personal days, and 2 paid days for volunteering – to support physical, mental, and community health.
• Four days in office, with the option to work from home once a week, promoting both a collaborative work culture and a healthy work-life balance.
• Annual wellness allowance to support an active lifestyle as well as physical well-being when working at home.
• Ongoing learning through our in-house mentoring program, professional dues support, tuition reimbursement, and online and in-house learning.
• Relocation support is available if a move to one of BCI’s locations is required.

Closing Date: July 29, 2025.

TO APPLY

Please include a cover letter outlining which aspects of your background and experience make you confident that Strategic Asset Allocation is the right long-term fit for you—and why you believe you’re well-suited for this team.

Referrals : If you are currently connected with a BCI employee and plan to list them as a referee, please ensure you reach out to them first to get their consent to do so and use their BCI email as part of the application process. All referrals will be verified internally.

We welcome applications from all qualified candidates who are interested in applying for this role. You will need to be legally authorized to work in the country where this job is located. If you currently do not have authorization, or if your work permit has restrictions, or is due to expire in 12 months or less, please ensure to flag this to our recruitment team if your application is shortlisted.

At BCI, we value diversity and believe in fostering an inclusive culture where all employees can be successful.

We are performance and client focused and value integrity; if you share these values, we want to know you.

We recognize that some skills can be learned on the job and encourage all to apply.

If you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations), contact us at

hr@bci.ca .

We would like to hear from you!

About BCI

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 $250.4 billion of gross assets under management, BCI is the provider of investment management services to British Columbia’s public sector. We invest globally across a range of asset classes and strategies in public and private markets. BCI generates the investment returns that help our British Columbian public sector clients build financially secure futures.