Client: Investment Management Firm ($600B+ AUM) Role: Valuations Specialist Salary: $240,000 - $250,000/annually + Bonus
Location: Midtown Manhattan - *3 days a week onsite - 2 days WFH*
Key Responsibilities
- Valuation Modeling & Analytics
- Support the preparation of daily, monthly, and quarterly valuation models and portfolio analytics across private equity and private credit strategies.
- Perform model validation on new valuation models and calibrate models for new investments at onboarding relative to transaction price.
- Manage market data inputs (e.g., public comparable companies, waterfalls, yield curves, credit curves, and volatility) to ensure strict compliance with valuation policies.
- Perform quarter-over-quarter and period-over-period variance, attribution, and back-testing analyses (such as marks vs. realized exit prices) and escalate material valuation movements.
- Financial Reporting, NAV Close & Compliance
- Support the quarterly NAV close process across private equity, private credit, co-investment, and secondaries strategies - including the review of GP/manager-reported capital account statements, roll-forwards, and stale-value adjustments.
- Draft and maintain detailed valuation memos and supporting documentation evidencing fair value determinations under ASC 820 and ASC 946.
- Manage fair value hierarchy classifications (Level 1/2/3), Level 3 unobservable input disclosures, and footnote/financial statement reporting.
- Monitor and implement evolving accounting and regulatory standards (e.g., SEC Rule 2a-5 and FASB proposals regarding discounts on contractual sale restrictions).
- Maintain valuation policies, procedures, internal controls, and testing documentation.
- Stakeholder, Audit & Vendor Management
- Coordinate communications with fund auditors throughout the annual audit cycle and calendar year.
- Manage relationships with third-party valuation service providers regarding point estimates, value ranges, and positive assurance reports.
- Serve as the core cross-functional liaison with Operations, Accounting, Risk, and IT on pricing, P&L, and valuation inputs/outputs.
- Support Valuation Committee meetings by preparing materials, tracking open items, and documenting formal approvals.
- Respond to investor, consultant, regulatory, and Due Diligence Questionnaire (DDQ) inquiries regarding valuation practices.
- Process Automation & Reporting
- Partner closely with Information Technology to implement valuation setups for new products and automate manual valuation workflows.
- Develop dynamic dashboards and KPIs to report on valuation coverage, timeliness, and exceptions.
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