Student, Portfolio & Financial Management

Are you looking to join a dynamic pension plan that embodies the strong values of its 550,000 members and is an industry leading global investor? If so, we would love to tell you our story.

At OMERS we put our people first and are proud to embrace the diversity of thought and leadership that comes from having locations in Toronto, London, New York, Singapore, Sydney and other major cities across North America and Europe. Our culture is truly one of a kind. We get stuff done and have fun doing it! We take great pride in contributing to the communities where we live with an ever-constant eye to the global investment markets. We encourage continuous learning and you will be working with many skilled leaders with a wealth of experience to guide you. Your work will be meaningful and help drive OMERS further into the future.

The Digital Strategy & Transformation (DST) team requires a new student team member to join us to support the priority areas on our transformation journey. We are looking for a meticulous and analytically minded student to join our Data & Technology (D&T) group in Toronto and help support our

Cost Transparency Initiative alongside the Portfolio & Financial Management function. We are an energetic, innovative team leading the Data & Technology portfolio and financial governance with a focus on value delivery management. This is an exciting opportunity for an eager new professional looking to gain experience across multiple disciplines including portfolio & finance strategy and management, project management, automation, and reporting.

Working with the Portfolio & Financial Management team, you will collaborate with cross functional teams, work with the team leader to gather cost-related information, analyze and model data, and prepare detailed reports and presentations for management outlining cost insights, trends, and recommendations for optimizing resource allocation. This individual will have a rare opportunity to contribute in key strategic areas while gaining experience and a diverse skillset across multiple disciplines. You will learn to facilitate workshops, design reports for business leaders, and build in-depth costing models.

Job Responsibilities

• Support Cost Transparency Program – IT Cost Benchmarking
• Perform comprehensive reviews of cost drivers, cost structures, and cost allocation methodologies to enhance accuracy and transparency.
• Collaborate with IT teams to enhance data collection, processing, and reporting capabilities for cost-related data.
• Assist with D&T PO process
• Participate in the development of cost-related KPIs and dashboards to provide real-time visibility into cost performance.
• Invoice coding and approval tracking in AP system
• Analyze cost trends, patterns, and outliers to uncover opportunities for operational improvements and cost-saving initiatives.
• Prepare detailed reports and presentations for management, outlining cost insights, trends, and recommendations for optimizing resource allocation.
• Conduct in-depth cost variance analysis to track deviations from budgeted and forecasted costs, investigating underlying causes and proposing corrective actions.
• Partner with stakeholders to understand business processes, identify inefficiencies, and recommend solutions to streamline operations while maintaining cost-effectiveness.
• Develop and maintain cost analysis models to identify, categorize, and allocate direct and indirect costs accurately.
• Collaborate with cross-functional teams to gather cost-related data from different departments and operational areas.
• Assist in ad-hoc financial projects that involve cost analysis and process improvement.

You should apply if

• An ability to build good visual and/or user experience designs for financial models
• Basic knowledge of accounting practices – budget vs actuals, forecasting, report creation
• Completed at least 1-2 previous work terms with positive feedback from your manager(s)
• Good collaboration skills, are a helpful teammate, and are a proactive contributor
• An ability to build metrics or dashboards for reporting purposes
• Currently pursuing an undergraduate degree
• Are proficient with Microsoft Office, including PowerPoint, Word, and Excel. Bonus points for AP/Finance tools such as Basware and Oracle.
• Most of all, a great attitude and a continuous improvement mindset, always wanting to grow and learn to become better!
• Self-motivated and have initiative, with the ability to effectively prioritize and execute tasks in an environment with competing priorities
• Take pride in your work and have a proven work ethic

What’s In It For You

• An orientation program to set you up for success during your work term!
• Networking and educational session with different leaders across the business
• Opportunity to be part of the student community at OMERS & Oxford
• Continuous learning across different areas of the business
• A team that is ready to focus on your growth and development

IMPORTANT Application Instructions

To ensure your application is submitted to our applicant tracking system accurately, please follow the instructions below.

Please include all required documents (Resume, Cover Letter, Unofficial Transcript, etc.) in one combined file. Your application may be submitted in PDF of Microsoft Word format.

Our story

Founded in 1962, OMERS is one of Canada’s largest defined benefit pension plans, with $127.4 billion in net assets as at June 30, 2023. OMERS is a jointly-sponsored pension plan, with more than 1,000 participating employers ranging from large cities to local agencies, and over half a million active, deferred and retired members. OMERS members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario. Contributions to the Plan are funded equally by members and employers. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers and originating and managing a diversified portfolio of high-quality investments in public markets, private equity, infrastructure and real estate.

OMERS is committed to having a workforce that reflects the communities in which we live and work. We are an equal opportunity employer committed to a barrier-free recruitment and selection process. At OMERS inclusion and diversity means belonging. How we create a sense of belonging is through our employees and our vast network of Employee Resource Groups. Whether you are passionate about gender, pride, or visible minorities, we have groups that are focused on making a difference in all of our lives.