Research Associate (Rotational)

PenderFund Capital Management Ltd (“Pender”) is an independent, employee-owned, value-based investment firm founded in 2003. We are one of the fastest growing investment firms in Canada, and our goal is to be the first choice for investors looking to protect and grow their capital. We have grown from a couple of people with a passion for investing into a diverse and inclusive workplace of over 90 people by seeking out and hiring the most qualified, talented and experienced people.

Pender is seeking current 4th year students and New Graduates that are looking to put their studies into action. You’ll join us as a Research Associate (Rotational) and over a two-year period you will have a unique opportunity to develop skills, provide new insights, collaborate with cross-functional teams and learn from experienced professionals from four different investment disciplines: Pender Ventures, Equity, Fixed Income and Liquid Alternatives.  

Start Date: June 2027

General Responsibilities will include:

• Research fundamental aspects of businesses we own or are evaluating for potential investment


• Preparing industry research reports and investment models


• Applying qualitative analysis to support investment decisions


• Participating in team meetings where investment ideas, insights and topics are discussed


• Participating in operational activities


• Deal flow screening & due diligence assistance (Pender Ventures)

Core Competencies:

• Self-starting attitude; motivated and hardworking with the ability to prioritize, multitask and work within time constraints


• Curiosity about how businesses work; resourceful and enjoy applying critical thinking


• Focus on details; complete tasks thoroughly and accurately


• Some knowledge of credit markets, debt and lending


• Ability to work in a fast-paced environment


• Ability to work independently and as part of a team


• Coachable: willing and able to learn from feedback

The successful candidate must have:

• Strong interest in investment management


• Undergraduate degree in a relevant field of study


• Excellent proficiency with MS Office and some familiarity with the Bloomberg terminal


• Excellent verbal and written communication skills


• A strong work ethic


• Basic understanding of financial statements, and knowledge of factors that contribute to credit risk

What’s in it for you?

• On-the-job training with senior investment professionals


• Exposure to all workflows of an investment firm


• Two years of detailed career experience

We are sharing that the estimated salary range for this position is $65,000 - $75,000 per year. In determining final salary, Pender considers many factors including the candidate’s qualifications, relevant experience, job responsibilities, market conditions, position location and internal equity. Our aim is to ensure fair compensation practices that align with industry standards while acknowledging the unique value and expertise each individual brings to the role. The final base salary for the offer will be presented as part of a competitive compensation package.

Our commitment to equity, diversity and inclusion: Pender is committed to creating and maintaining a workplace that recognizes and values differences.  It is a core principle at Pender that an equitable, diverse and inclusive workplace simply makes us better. A diverse team with a range of knowledge and experience makes better decisions, which means better results for our stakeholders. We do not discriminate on any basis and welcome applications from all qualified individuals. When selecting candidates for employment, promotion, training or any other benefits, it is on the basis of aptitude and ability. Should you require any accommodation or have questions, please let us know.