Valuations Associate

Recruiter
BlackRock
Location
Edinburgh, United Kingdom
Salary
Competitive
Posted
08 Sep 2022
Closes
23 Sep 2022
Ref
16756964
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Description

About this role

About BlackRock

Elevate your career by joining the world's largest asset manager! Thrive in an environment that promotes positive relationships and recognises outstanding performance! We know you want to feel valued every single day and be recognised for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over USD $10 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being.

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified individuals without regard to race, colour, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Team Overview

The Global Accounting and Product Services (GAAPS) division is responsible for providing operational support to BlackRock's portfolio management teams and clients. GAAPS is central to BlackRock's operations in providing subject matter expertise, monitoring fund administrator service delivery in relation fund accounting and financial reporting, monitoring operational capacity for new products, contributing to projects in relation to product launches and liaising with fund administrators, auditors, fund directors and portfolio managers. The group comprises of a number of teams and is organized both functionally and regionally.

The Private Valuation Team within GAAPS 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 Private Valuation Team focuses on adding value by providing valuation oversight and coordination of valuations and supporting documentation.
Role Responsibility
  • Oversee team members in preparing valuation documentation for private equity, private debt and other alternative investments.
  • Help drive the team process during monthly and quarterly 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.
  • Initiate and help drive platform and process innovations to support fast-growing business needs, minimise risk, improve 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 establish 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
Experience
  • Bachelor's degree is required, Accounting or Finance preferred.
  • 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 handle financial data and build summarised 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.
  • Working knowledge of Bloomberg, Reuters, Interactive Data and MS Office Suite as well as SQL, Unix commands, PERL, etc. is an advantage.


Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work pilot

BlackRock's current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what's important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our "One BlackRock" culture means you'll be supported to collaborate with your new colleagues while bringing your full self to work - wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.

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