Is this just fund accounting/glorified internal Audit?
The Valuation Analyst will provide financial planning, modeling, analytical, valuation and/or performance reporting support for private assets and their management. Role focuses on the technical build out and maintenance of analytic tools. Based on thoughtful, accurate, and timely analysis, provide actionable recommendations to management on key business items highlighting key business issues, alternatives, and costs/benefits.
Responsibilities
Valuation/Performance Reporting
Collect and track key metrics and benchmarks used in investment models
Make determination as to appropriate variables, models, and metrics that drive value
Update measurement models for changes in measurement inputs
Develop valuation and distribution waterfalls based on investment documentation and take appropriate actions to raise and correct issues
Maintain portfolio company capitalization tables, requesting updates from portfolio companies as needed and resolving discrepancies in reported data
Contribute to the analysis and documentation of the valuation of new private equity securities recommended to the Investment Committee
Prepare documentation packages for each valuation, outlining the procedures, assumptions, and recommendations for management
Prepare portfolio summaries outlining the key individual and aggregate metrics related to valuations
Prepare periodic reports on overall portfolio performance for senior management
Development and periodic review of comparable (“comp”) sets driving valuation recommendations
Identify issues requiring feedback and recommending options
Prepare status updates to the team for tracking the reporting process
Participate in the valuation approval meetings and valuation committee meetings
Work with the team's accounting staff and the firm's outside auditor in the preparation of quarterly and year-end financial statements for its funds
Prepare investor reporting packages
Planning and Budgeting
Translate fund terms into multi-variable models outlining economics to investors and investment mangers used to make product development decisions
Build and maintain business P&Ls, including revenue and expense allocations that drive business decisions
Consolidate investment and product financial information to develop business unit analyses
Update models and plan projections based on actual data obtained from systems
Support new business initiatives through research, analysis and recommendations
Compile reporting and recurring updates for corporate partners
Business Analytics and Data Management
Research business topics to develop case scenarios for business initiatives
Develop models to examine sensitivities and scenarios impacting business performance
Performance attribution analysis
Maintain metrics and business information required for analyses
Support fundraising and investor requests
Ensure timely and efficient data updates across the team’s systems
It seems to be a bit of a mix between audit and accounting I would say, but yeah.
Thanks for the reply. Do you think I would be actually valuing companies or just doing back office type reporting work?
Personally I get the impression it's much more BO type reporting stuff. There could be some opportunities for interesting projects, but not often, if at all. Does not seem to be CorpFin/CorpDev either so somewhat mundane imo, but I'd be curious to hear if others here think the same way.
Yeah I agree with you, some members on the team have worked in audit and have their CPA's. They also have their team under the name "FP&A" and I have been told lots of their work is quarterly valuations
Then yeah, that's it. I will say though, I do know some people that have gotten out of audit type roles and do kill it, but it's mostly because of their personality type and desire to learn, has nothing to do with audit which is pretty soul-sucking, but "in industry" as they call it, it can be a good gig if you're into that sort of thing. You posting this on WSO implies that you have more drive than that, so I would avoid these kinds of roles unless there's a recession or something and literally no one else in hiring, but that's just my $0.02
Thanks. I have a strong desire to do modeling but also have client facing nature as that would provide me with great exposure for future roles. The bonus for this role is apparently around 10% also, I feel like you might easily get pigeonholed into a role like this
Exactly. I wouldn't let the bonus be the deciding factor why you don't take this role (though that is low), but the role itself does lend to being pigeonholed.
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