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Description

The Principal Analyst, Real Estate, will join the U.S. team of the specialized Real Estate portfolio at Caisse de dépôt et placement du Québec (CDPQ). This role is pivotal for the growth and optimization of the American portfolio, involving active participation across the entire investment lifecycle, from identifying capital deployment opportunities (acquisitions, developments) to diligently monitoring the performance of managed assets.

What We're Looking For

Proactively originate new investment opportunities by developing a network of partners and brokers and anticipating market trends.,Design, analyze, and manage complex financial models (DCF, JV cascades, sensitivity/scenario analyses) to evaluate potential returns for new acquisitions, dispositions, and developments.,Underwrite complex capital structures, analyze debt financing alternatives, develop interest rate hedging strategies, and support their execution.,Contribute to due diligence processes in collaboration with internal (taxation, legal, financial, physical, ESG) and external experts.,Draft impactful investment recommendations for decision committees, synthesizing risks, opportunities, and local market trends.,Develop and lead strategic plans with operational partners to optimize performance (revenue/expense optimization, renovation programs, relocation strategies, changes of use).,Conduct Hold vs. Sell analyses to determine optimal timing for value crystallization, considering U.S. market cycles and capitalization rates.,Collaborate with the treasury team to review financing, refinancing, or interest rate hedging strategies.,Represent the Caisse's interests with external partners, influencing capital expenditure budgets and strategic leasing decisions.,Act as a reference expert on U.S. markets, anticipating demographic and economic shifts to identify future growth areas.,Benchmark competitive strategies of major Private Equity and U.S. REITs to refine CDPQ's competitive positioning.,Leverage market data (rents, vacancy rates, absorption) to provide concrete tactical recommendations to senior management.

Ideal Candidate

Bachelor's degree in finance, accounting, real estate, or economics (Master's degree - MBA/M.Sc. - is an asset).,CFA designation is a major asset.,Three (3) to five (5) years of relevant experience in commercial real estate (investment funds, investment banking, or large brokerage firm).,Advanced proficiency in Excel and Argus Enterprise.,In-depth knowledge of transaction structures.,Fluency in French and English, both oral and written, for interactions with external partners outside Quebec.

Minimum Education

Bachelor's Degree

Hard Skills

Financial modeling
DCF
JV cascades
sensitivity analysis
capital structure underwriting
debt financing analysis
interest rate hedging
due diligence
strategic planning
Hold vs. Sell analysis
market data analysis
Excel (advanced)
Argus Enterprise (advanced)
transaction structures.

Soft Skills

Critical thinking
ability to work under pressure
strong analytical rigor
strategic vision (real estate market)
interpersonal skills
collaboration.

Benefits

Competitive total compensation, comprehensive health and dental insurance, defined benefit pension plan, professional development training, fitness center, and flexible work arrangements.

About the Company

C

Caisse de dépôt et placement du Québec (CDPQ)

CDPQ is a global investment group that manages funds for public pension and insurance plans. It invests in major financial markets, private equity, infrastructure, real estate, and private debt to generate long-term value for its depositors and the Quebec economy.

Professional
Long-term
Global
Collaborative
Impact-driven
View all jobs at Caisse de dépôt et placement du Québec (CDPQ)

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