Quaestor is looking to expand the Valuations team, through the addition of a Valuations Senior Analyst / Associate. This is a technically demanding, senior individual contributor role with team leadership responsibility. In this role, the successful candidate will work under the EVP of Valuations.
Responsibilities:
- Complex Financial Instrument Valuations
- Lead and own fair value engagements for a broad range of financial instruments, including:
• Exotic/structured derivatives (options, or option-linked instruments)
• Fixed income: corporate bonds, leveraged loans, and distressed/illiquid debt
• Equity-linked and hybrid instruments: convertible bonds, warrants, and preferred equity with complex features
• Options and contingent claims across public and private underlying assets
- Build, maintain, and critically review valuation models - including DCF, binomial lattice, Monte Carlo simulation, Black-Scholes and its extensions, and reduced-form/structural credit models
- Select and justify appropriate methodologies given instrument complexity, liquidity, observability of inputs, and applicable accounting guidance
- Calibrate models to market data and perform robust sensitivity and scenario analysis
- Source and analyze market data inputs including yield curves, credit spreads, implied volatilities, and prepayment assumptions
- Accounting Standards & Financial Reporting Support
- Apply and interpret relevant US GAAP accounting standards as they govern fair value measurement and financial instrument reporting, including:
• ASC 820 (Fair Value Measurement): Level 1/2/3 hierarchy, principal market, highest-and-best-use, unit of account, and Day 1 P&L considerations
• ASC 946 (Investment Companies): NAV-basis reporting, fair value for fund portfolios, and related disclosure requirements
• ASC 825 (Financial Instruments): fair value option elections and related disclosure
- Partner with external auditors and fund administrators on fair value sign-offs, Level 3 roll-forwards, and valuation committee presentations
- Prepare and review technical memoranda documenting valuation conclusions, methodology rationale, and accounting treatment linkages
- Assist portfolio companies or clients in designing and implementing valuation policies consistent with applicable standards
- Team & Engagement Leadership
- Lead engagement workflow end-to-end: scoping, timeline management, model review, quality control, and final deliverable
- Mentor and review the work of junior Analysts and Associates on the Valuations team
- Act as a primary point of contact for internal portfolio teams and external clients on instrument-level valuation questions
- Communicate valuation conclusions clearly to non-technical stakeholders including CFOs, controllers, and audit committees
Requirements- Bachelor's degree in Finance, Applied Mathematics, or other quantitative finance major, or Economics with a strong interest in pursuing professional designation; Master's degree is a plus.
- Experience with valuing and reviewing debt and complex financial instruments/derivatives (swaps, contingent consideration, convertible debt, etc.) and related methodologies/ models/ software (Monte Carlo simulation, Binomial Models, Thomson Reuters or Bloomberg).
- 3-5 years valuation experience with a Big 4 or Top 20 public accounting and advisory firm.
- Demonstrated experience in both performing valuations and reviewing common stock, debt and derivative valuations, etc.
- Experience working with Capital IQ.
- Highly Proficient in Microsoft Office, especially Excel and Word
- Good understanding of the accounting standards related to financial instruments and valuations is a plus.
- Ability to work on multiple engagements simultaneously with competing priorities in a rapidly growing, fast-paced, interactive, results-based environment
- Excellent written, interpersonal, and presentation skills
- Python programming/coding is a plus
- Individuals on the path to obtaining the CFA qualification is a plus.
This job description is not an exhaustive list of all responsibilities, and duties may change
Benefits- Health Care Plan (Medical, Dental & Vision)
- Retirement Plan (401k, IRA)
- Life Insurance (Basic, Voluntary & AD&D)
- Paid Time Off (Vacation, Sick & Public Holidays)
- Family Leave (Maternity, Paternity)
- Short Term & Long Term Disability
- Training & Development
- Free Food & Snacks
- Wellness Resources
