Senior Valuation Analyst (Private Markets)

Core Purpose

To produce valuation models and insights as part of the Valuation Team to facilitate better investment decision making and monitoring, ensuring that clients are treated fairly and support the core objective of achieving the secure and sustainable payment of members' pensions.

Responsibilities

1. Assist the Senior Valuation Manager in drafting valuation memos and reports for presentation at the fair value pricing committee ("FVPC") and to other committees/stakeholders (as required).

2. Develop and maintain strong and collaborative relationships with Investment Teams, Fund & Investment Accounting and the wider Fiduciary and Investment Management Team.

3. Liaise with external valuation providers that carry out the regular valuations of certain assets within the portfolio.

4. Provide valuation review and analysis in relation to Private Markets, Real Assets and other illiquid investments under the guidance of the Senior Valuation Manager. Including developing/enhancing internal valuation models, supporting with review of valuation models/market data and other considerations in relation to new and existing private market investments. Where possible, you will take ownership of certain internal valuation models.

5. Support with the implementation of the valuation policy for the identification, monitoring and ongoing investment valuation of difficult to value investments across all portfolios.

Experience

You will have valued investments and built financial models and have an understanding of Private Equity, Private Debt and Real Asset investments.

You will have the ability to construct and review valuation models and other financial models including: DCF, Comparable Company/M&A Transaction analysis and have a thorough understanding of modelling best practice and applicable valuation guidelines (e.g. IPEV, AICPA). It would be an advantage if you are familiar with Bloomberg. S&P CapitalIQ and/or other financial data providers.

Behaviours

1. Collaborate, Connect and Empower: your role will require you to collaborate with several different stakeholders. You will work closely with colleagues and Investment Teams, to facilitate cross-team collaboration. You will also proactively attend industry summits/conferences and take part in mentoring programmes to build wider industry connections and exchange market insights that would benefit your work.

2. Ongoing Development: Valuations inherently involves a significant amount of judgement based on general market knowledge as well as valuation fundamentals. You will continually develop valuation technical skills and market knowledge of different sectors through an appropriate mix of professional training courses, reading the latest market publications for relevant sectors and on-the-job learning.

3. Professionalism, Diligence and Integrity: you will deliver the highest quality of work possible within required timeframes, taking ownership and full responsibility for your output. You will always be diligent with your work to ensure you self-review valuation models and look to identify any unreasonable assumptions / errors. Where necessary, you will raise challenges with the Senior Valuation Manager / Investment Team / other stakeholders to ensure valuation output is of the highest quality.

Salary and benefits

A competitive salary (depending on experience) 28 day annual leave plus bank holidays Generous annual bonus plan

membership of a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay

4x Life Assurance cover

Colleague referral scheme

Heath & Wellbeing

Private Medical Insurance

Employee assistance programme Health cash plan

Eye care vouchers

Flu vaccination

Lifestyle support for hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave

Buy and sell holidays

Give as you earn scheme

Paid volunteering days

Flexible half days leave

Electric vehicle leasing

Cycle to work scheme