Full Job Description
Title: Associate Director/ Director , Valuation Professional
Business Unit: CFO, Pricing Operations
Location: Charlotte, NC; New York, NY; Chicago, IL; Boston, MA
Job Summary
The Valuations Professional is part of the global team responsible for Private Equity and Credit portfolio valuation, as well as valuation-related exercises for Barings' BDC complex. This role will also provide a range of key statistics and results to various stakeholders across the firm and investor base.
Primary Responsibilities
• Facilitate the Valuation Process in the Credit and Private Equity segment - generally a quarterly process covering a wide variety of asset classes across hundreds of borrowers/issuers
• Value financial instruments and complex securities across the capital structure independently, including loans, equity (common/preferred), convertibles, and warrants
• Leverage and continue to develop a deep technical strength in the valuation of alternative assets, serving as a firm resource for that expertise and sharing that knowledge throughout Barings
• Develop valuation methodologies and models for new investments and challenge methodologies and assumptions for existing investments utilizing technical knowledge
• Collaborate with investment teams to understand new investments and deal origination assumptions
• Create summary materials and present to valuation committees for review and approval of significant changes/events, valuation and market trends, and key judgments
• Coordinate with third party valuation firms and deal teams to create accurate, timely valuations
• Perform advisory valuation services to various business units on an ad hoc basis
• Review and update Marketing materials sent to existing/potential investors. Present on valuation procedures and best practices to existing/potential investors.
• Review and update Valuation Policies and make proactive policy recommendations to the firm's Valuation Committee
• Prepare documentation in support of compliance with SOX and external audit requirements
Qualifications
• 3-5 years of related work experience
• Experience building valuation models (DCF, Comp Multiple and Option Models)
• Knowledge of capital markets/ illiquid valuations (examples - bank loans, mezzanine loans, and private equity)
• Demonstrated technical, analytical, and problem-solving skills, including streamlining processes
• Ability to complete financial models under the pressure of tight deadlines, and apply modeling techniques to complex scenarios
• Comfort managing the valuation process across a large quantity of diverse investments in parallel
• Confidence presenting valuation methodologies and assumptions to senior management concisely and clearly
• Understanding of Alternative Investment strategies and products
• Bachelor's or Master's degree in Finance, Accounting or Economics preferred
• Strong functional background working with Excel. Familiarity with Capital IQ and Bloomberg a plus.
• Finance, Valuation, or Investment Banking training program preferred
• CFA professional designation or working towards, a plus
• Basic understanding of relational databases and SQL
Base Salary Range ($95,000- $160,000 - based on experience and position level) in addition to incentive programs.
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Requisite Skills
Additional Skills
Barings offers a comprehensive benefits package including:
CORE BENEFITS & WELLNESS
• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits
FINANCIAL WELL-BEING
• Highly competitive 401(k) Plan with Company Match
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account
LIFE INSURANCE
• Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
• Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time
OTHER BENEFITS
• Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program