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Founded in 1862, John Hancock Life Insurance Company, a subsidiary of Toronto-based Manulife Financial Corporation, has been providing junior capital financing solutions for U.S. middle market companies for decades. In 2000, the Hancock Capital Management team (\"HCM\") was established to spearhead these activities. Manulife Capital (\"ManCap\") was established in 1998 to make minority equity and subordinated debt investments in mid-market companies located in Canada and the United States. In 2018, the HCM and ManCap investment teams were combined to form Manulife Investment Management Private Markets (\"MIMPM\"). Today, MIMPM handles over $5.0 billion of capital for Manulife and its clients, which include insurance companies, endowments, corporate pension plans, family offices and high net worth individuals.
Job Profile Summary:
The Director, Private Equity Funds will join a team that oversees a diversified portfolio of mezzanine debt, equity co-investments and private equity fund commitments. The incumbent is responsible for supporting all aspects of the investment process including screening investment proposals, performing due diligence, preparing investment recommendations, coordinating legal, tax and accounting reviews, and closing & monitoring investments during their holding period.
* Identify and evaluate new investment opportunities for their risks and likely returns, driven principally by a financial analysis of the company and/or investment manager. Take a leadership role in conducting due diligence on investments. The incumbent will be a principal author of a 20-30-page investment report prepared in conjunction with senior and junior members of the investment team. This report will include a detailed description of the company's/investment manager's business, the core strengths and risks of the investment opportunity, an industry overview and an analysis on the company or investment manager's ability to create value for investors. The incumbent will be responsible for presenting the investment thesis to the Manulife/John Hancock private equity funds team and, ultimately, the investment committee of Manulife/John Hancock. * Prepare quarterly and annual portfolio company reports of the performance of companies and private equity funds in which we have invested. These reports include detailed financial statement analysis of recent performance and include updates on operational, industry and other portfolio developments. * Represent Manulife/John Hancock at board of director meetings for portfolio companies, and advisory board meetings for private equity funds, in which we have invested. As Manulife/John Hancock's representative, the candidate must be well-prepared prior to attending these meetings and should expect to make contributions that reflect our perspective on financial and operational developments and strategies being deployed. * Required to travel and will represent Manulife/John Hancock at management presentations and be expected to actively participate in the due diligence process when evaluating new investment opportunities. * Participate in marketing for new investment opportunities by developing relationships with investment banks, placement agents, private equity firms and other deal sources by following a disciplined outbound calling effort and by attending industry conferences. * Director candidates are expected to be a key member of the deal team that identifies, measures and mitigates investment risks across the investment portfolio.
* Bachelor's degree in business, finance or economics. * Minimum of four years' experience in underwriting private equity investments, leveraged finance at a commercial bank or investment management firm. * Familiarity with corporate valuation methodologies which support portfolio company acquisition multiples and carrying values. * Understanding of financial statements, in particular the analysis of private-equity-fund financial statements, and strong financial analysis skills. * Ability to work independently with a wide variety of people, including internal and external parties, and meet deadlines while managing several assignments. * Strong verbal and written communication skills to effectively communicate with senior management. * Recommend investment opportunities to the Portfolio Managers and Investment Committees of the Mezzanine, Equity Co-Investment, and Private Equity Funds investment programs.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
If you are ready to unleash your potential it's time to start your career with Manulife/John Hancock.
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of June 30, 2019, we had over $1.1 trillion (US$877 billion) in assets under management and administration, and in the previous 12 months we made $29.4 billion in payments to our customers.
Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
Manulife is an equal opportunity employer. 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 and advancement and we administer all of our practices and programs based on qualification and performance and without discrimination on any protected ground.
It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request any accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.
Associated topics: accounting, budget, corporate banking, cpa, expense, financial, fiscal, investment banking, pay, tax
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.