Manager – Valuation Oversight

Overview

This role leads the valuation oversight function across U.S. mutual funds, UCITS, private funds, and separate account structures. It includes end-to-end responsibility for the valuation framework—governance, methodology oversight, escalation, and the overall control environment.

The position ensures valuations are well governed, timely, accurate, and aligned with applicable regulatory requirements, applying independent judgment, effective challenge, and strong accountability. The role also helps shape the future-state valuation operating model as the platform grows in scale and complexity, partnering closely with regulatory reporting, treasury, legal, compliance, operations, portfolio management, and third-party administrators.

Responsibilities

• Lead the valuation function end-to-end, including ownership of valuation committee materials and support of fair value determinations through established governance processes
• Define and execute valuation strategy and the operating model, driving process enhancements, control improvements, and scalability across asset classes and investment vehicles
• Oversee and actively engage in daily and periodic valuation activities, including:
  • Evaluating complex and less liquid positions
  • Challenging third-party pricing
  • Analyzing pricing exceptions and valuation issues
  • Supporting escalation through established governance processes
• Apply independent technical judgment to evaluate valuation methodologies, assumptions, and inputs (including models and unobservable inputs), supporting well-reasoned valuation conclusions
• Ensure compliance with applicable regulatory requirements (including SEC Rule 2a-5 and UCITS), maintaining a robust control and documentation framework
• Oversee pricing vendors and third-party service providers, including due diligence, methodology review, ongoing monitoring, and accountability for quality, transparency, and performance; oversee price challenge and escalation processes
• Identify valuation risks and process gaps, and proactively implement enhancements to strengthen controls, efficiency, and overall effectiveness
• Partner cross-functionally with Portfolio Management, Operations, Legal, and Compliance to resolve complex valuation matters and drive outcomes
• Lead, develop, and mentor the valuation team, building technical expertise, sound judgment, and consistency in valuation practices
• Serve as the primary liaison with auditors on valuation matters, including supporting audits and facilitating detailed review of methodologies, assumptions, and controls
• Design, review, and oversee complex valuation models, ensuring alignment with industry practices and regulatory expectations
• Communicate complex and judgmental valuation matters clearly and effectively to the valuation committee and senior management, including key assumptions, risks, and conclusions

Requirements

• Strong analytical and problem-solving skills, sound judgment, and the ability to operate effectively in a fast-paced, complex environment
• Deep technical expertise in valuation methodologies, with the ability to evaluate and challenge models, assumptions, and pricing inputs (including unobservable inputs), particularly for less liquid and complex assets (e.g., private investments, derivatives, structured products); real estate experience a plus
• Experience building, reviewing, or overseeing complex valuation models, with strong understanding of industry practices and regulatory expectations
• Strong knowledge of regulatory requirements, including SEC Rule 2a-5; familiarity with UCITS valuation frameworks preferred
• Proven leadership and team management experience, including ability to develop talent, set direction, and drive accountability
• Ability to operate independently and make well-reasoned decisions in complex and judgmental valuation scenarios
• Strong communication skills, including the ability to present complex valuation issues clearly to senior management, valuation committees, auditors, and other stakeholders
• Experience interacting with auditors and third-party service providers, including pricing vendors and administrators
• High attention to detail, organization, and control orientation, with a focus on accuracy and risk management

Compensation & Benefits

• Base Salary Range: $125,000 - $190,000
• Specific placement within the range will be determined based on geographic location and relevant experience and skills.
• Base salary is only one component of total compensation.
• Associates may be eligible for a discretionary bonus, determined upon Firm and individual performance.

Location

San Francisco, CA | Boston, MA | Chicago, IL | Milwaukee, WI | New York, NY | Denver, CO