Reporting to the Manager, Valuations, this position is responsible for accurate, complete and timely valuation of structured/bespoke credit investments, derivatives, as well as fund investments. This involves ensuring that the valuation of the aforementioned investment is accurately reflected in the investment sub-ledger, analyzing changes in valuations as well as responding to valuation queries from Investment Management and other teams in the organization. The work requires strong expertise and experience as well as sound judgement as incorrect valuations will lead to errors in Investment Management Reporting resulting in inappropriate investment trading decisions and potential losses for the organization. This role will have considerable interaction and co-ordination with various departments across HOOPP including Investment Management, Risk, IT, Risk and Investment Finance.
What you will do:
The focus primary responsibility of the Valuations ConsultantValuations Consultant role is to ensure that the accurate, complete and timely valuations of the private equity, external portfolio managers and structured credit, derivatives and fund investments and that their valuations deals are properly and accurately reflected in HOOPP’s valuation databaseinvestment sub-ledger system (SimCorp Dimension).
To serve as the first point of contact for Valuations Team. The Valuations Consultant is also responsible for ensuring that the financial data is transferred to SimCorp Dimension (in-house inventory database) and is accurate and completed on a timely basis.
Create, design and defend models to Valuations, Internal Audit, other Finance teams for month-end, quarter-end and year end purposes.
This Rrole will involve interacting with Counterparty / Investment Management teams and to conduct due diligence on third party vendors’ month-end valuations.
Obtain supporting documentation from Investment Management, where required, to ensure that distributions / contributions are accurately and timely reflected in the valuations of fund investmentns.
Perform alternate procedures at year-end for fund investments where the fund’s audited financial statements are not available prior to HOOPP’s year-end accounting close.
Research content and to keep up-to-date with market events to provide justification of the valuations
Review the overall portfolio, identify key drivers of risks in valuation, conduct frequent qualitative and quantitative analysis
Ensure that accurate and complete information is recorded and updated in the investment sub-ledger system and that relevant agreements and documentation are complete and up-to-date. This would include maintenance and monitoring of investment details, recording of daily cash transactions, and fair value changes, if any.
Review legal agreements to understand structure in order to investigate new investments appropriately.
Obtain supporting documentation from Investment Partners, where required, to ensure distributions / contributions are accurately recorded in the system.
Liaise with Risk, Finance, Security Investment Operations and Investment Management teams for any queries.
Respond to ad-hoc requests from Investment Management and other divisions within Finance and provide materials and analysis as requested.
Working on SimCorp Dimension program to understand valuation trends and analytics.
Share responsibilities with other team members over the preparation of the daily pricing report.
Contribute to operational process improvements, engage in initiatives to automate and improve processes and reporting, where needed.
What you bring:
Bachelor’s degree in Business, Mathematics, Economics, Finance, Commerce or related discipline
Professional designation (CBV/FRM/CFA) is preferred
Must have a minimum of 5+ years of valuations experience in investment or fund accounting for private or structured investments or hedge funds, structured investments and derivative products.
Solid knowledge of private fund investments operations
Strong MS Office skills and knowledge of Power BI, Python, SQL is an asset
Strong analytical and problem-solving skills, and ability to work independently with minimal direction
Attention to detail, accuracy, and completeness is extremely important along with the ability to handle multiple tasks efficiently
Excellent interpersonal skills to facilitate interaction with Investment Management staff and external fund managers
Demonstrated ability in developing and implementing process improvements
Ensure accuracy of investment data to properly reflect asset performance as critical errors would affect all downstream processes and reporting
High degree of professionalism combined with the ability to readily adapt to a rapidly changing investment landscape.
Collaborative team player who enjoys high performance culture