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The Private Valuation Team within Alternative Operation supports the investment valuation function for private, illiquid investments acting as the interface between the investment professionals, external valuation providers, accounting outsource providers, auditors, and Global Fund Services. The team focuses on adding value by providing valuation oversight and coordination of valuations and supporting documentation.
Job Responsibility:
Prepare valuation documentation for private equity, private debt and other alternative investments
Support monthly and quarterly valuation cycles
Manage workflow of data to 3rd party valuation firms
working with investment teams to ensure all relevant information is incorporated into valuations
Provide high quality client service externally and internally
Address inquiries, perform controls, problem solve, and mitigate risks for clients and internal BlackRock partners
Initiate and help drive platform and process innovations to support expanding business needs, minimize risk, enhance quality, and navigate the changing markets
Review and tie out of valuation templates received from third party service providers
Communicate any comments and coordinate sign off in coordination with Investment, Pricing and Fund Administration teams
Review legal documents to determine rights associated with new securities purchased
Prepare materials to be provided to the Valuation Committee and presenting findings to Pricing Committees and other management as necessary
Liaison with independent auditors
Provide support for valuations and answer questions as necessary in a controlled and efficient manner
Perform a review of fair value reporting provided by underlying managers and Co-Investment sponsors
Operate as part of a global team
Requirements:
Bachelor's degree is required, with preference to Accounting or Finance
2 to 5 years relevant experience, private investment valuation experience preferred
Solid understanding of ASC 820 and IFRS 13, familiarity with PWERM, OPM, and Current Value valuation techniques preferred
Ability to work with and manage financial data and build summarized reports
Experience building, testing and implementing valuation models
Natural standout colleague able to work in an innovative, ambitious, and fast paced environment while maintaining attention to detail
Excellent verbal and written communication skills combined with agile critical thinking and a problem solving mindset
Ability to quickly learn the intricacies of complex financial instruments
Nice to have:
Working knowledge of Bloomberg, Reuters, Interactive Data and MS Office Suite as well as SQL, Unix commands, PERL, etc. is an advantage