OMERS Administration Corporation

Vice President, Investment Finance & Valuations

OMERS Administration Corporation$180K — $220K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • 12+ years of valuations experience with global institutional investors in private equity and credit.
  • 7+ years of progressive team leadership experience.
  • 5+ years of experience in clear communication with executives and boards.
  • Professional designation such as Chartered Business Valuation (CBV), CPA, or CFA required.
  • Bachelor's degree in Accounting, Finance, Business, or related field; advanced degree preferred.

Responsibilities

  • Lead and inspire a valuation team of approximately 10 individuals.
  • Plan and execute quarterly and annual valuation processes for assets valued at around $40 billion.
  • Provide independent assessment and challenge on valuation assumptions and methodologies.
  • Collaborate with deal teams on asset-related queries and transactions.
  • Maintain financial models to assist in budgeting and risk assessments.
  • Enhance valuation tools and engage in data governance initiatives.
  • Continuously improve valuation processes in partnership with a peer VP.

Benefits

  • Flexible hybrid work model requiring 4 days in the office.
  • Opportunity to work closely with senior leadership and various departments.
  • Engagement in professional development and team-building activities.
Full Job Description
Reporting to the Executive Vice President, Investment Finance & Operations, the Vice President, Valuations will lead the private equity and private credit valuation team, while also partnering with the peer Vice President, Valuations (who is principally accountable for infrastructure asset valuations) to develop and optimize effective, efficient, coherent and consistent processes and outputs. The VP will also serve as an active member on several internal committees, including the Leadership of Investment Finance & Operations ("LIFO") team, and the Valuations Working Group. You will be responsible for: • Lead a team of ~10 individuals through inspiration, relationship, delegation, feedback, recognition and development. Equally, lead amongst peers and the broader IF&O and Finance teams as a culture carrier and standard setter, including active participation as a member of the LIFO Team • Lead the planning and execution of the quarterly and annual valuation processes for all assets in scope, totaling approximately $40 billion, including any processes related to obtaining external reviews and assurance. This includes for the preparation and/or review of valuations for financial reporting and for tax planning, and presenting the results of valuations to Management and the OMERS Audit & Risk Committee • Provide independent challenge and judgement regarding valuation assumptions, methodologies and outcomes, ensuring valuations are robust, supportable and consistent across asset classes • Partner with deal teams on transactions, as needed, including addressing their queries on existing assets • Oversee the maintenance of financial models and forecasts for portfolio assets to assist in budgeting, scenario analyses, and capital allocation and risk assessments. • Actively co-own and strategically enhance the toolset used to prepare valuations, and participate fully in data governance initiatives specific to data sets within the valuations purview • Continuously improve our valuation processes and methodologies, in partnership with the peer VP, Valuations • Assist in updating OMERS valuation policy, guideline, and internal controls, considering industry best practices • Actively invest in relationships across the C-Suite, Global Investment Heads, Investment, Finance, Risk, TPM, Sustainable Investing, external advisors, external auditors and otherwise, consistently demonstrating expertise and partnership. Key senior relationships include the heads of asset management in private equity, as well as leaders in Risk, Total Portfolio Management and Corporate Finance - not to mention peers within the Investment Finance & Operations team • Serve as a trusted advisor to the EVP and CFO, senior leadership and governance bodies on valuation matters, financial performance implications and emerging valuation trends • Monitor developments in valuation standards, accounting requirements and industry practices, ensuring OMERS methodologies and governance framework remain aligned with leading market practices Required Capabilities & Experience: • 12+ years of valuations experience, ideally with a global institutional investor with complex investments across private equity and credit, and across geographies • 7+ years of progressive team leadership • 5+ years of progressive experience communicating, clearly and concisely, with executives and boards, across all forms, with a particular focus on oral communication • A Chartered Business Valuation (CBV) or equivalent professional designation such as CPA or CFA • Bachelor's degree in Accounting, Finance, Business, or related field; advanced degree preferred. • Deep expertise in valuation methodologies for private and public investments, including complex and illiquid assets • Excellent skills in strategic and big picture thinking, problem-solving, prioritization and analytics Preferred Capabilities & Experience: • Strong knowledge of IFRS, fair value measurement standards, and regulatory requirements relevant to pension funds and investment organizations • Experience working in a large, complex, and dynamic investment environment is strongly preferred • Demonstrated ability to build trusted relationships and influence effectively across all levels of a complex organization • Proven servant leader with a strong track record of developing high-performing teams and fostering collaboration • Exceptional communication skills with the ability to challenge constructively, drive thoughtful debate and build alignment among diverse stakeholders. • Growth mindset with a continuous improvement orientation and commitment to excellence. We believe that time together in the office is important for OMERS and Oxford, the strength of our employees, and the work we do for our Plan members. In delivering on our pension promise, keeping us connected to our work and each other, our flexible hybrid work guideline requires teams to come into the office 4 days per week. This role is in our Toronto office. This posting is for an existing vacancy.

About OMERS Administration Corporation

OMERS Administration Corporation is a Canadian pension fund that manages investments for the Ontario Municipal Employees Retirement System (OMERS). OMERS is one of Canada's largest pension funds, with over 500,000 members and over CAD 100 billion in net assets. OMERS Administration Corporation manages a diversified portfolio of investments across various asset classes, including public equity, private equity, infrastructure, real estate, and fixed income. The company's mission is to provide secure and sustainable pensions to its members while generating returns that help fund their pensions. OMERS Administration Corporation is headquartered in Toronto, Canada.
Learn more about OMERS Administration Corporation
Size
2,700 employees
Industry

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