Senior Consultant & Assistant Manager - Audit Valuation for ECL & Derivatives - MENA

Iris Software; Dubai; On-site; USD 80,000 - 110,000; Full time

Job summary

A leading firm is looking for a Valuation Specialist to join its Assurance Valuation team in Dubai. You will review complex financial instruments for audit purposes, ensure compliance with accounting standards, and lead valuation engagements. This role offers opportunities for professional growth and diverse engagements in a dynamic work environment.

Benefits

Continuous learning opportunities

Flexible work tools

Coaching for transformative leadership

Diverse and inclusive culture

Qualifications

• 3+ years of relevant experience in valuation techniques.
• Experience in building financial models from scratch in MS Excel.

Responsibilities

• Ensure accurate reporting of derivatives and hedge transactions.
• Lead derivatives valuation engagements for financial reporting.
• Develop and maintain complex financial models using advanced techniques.

Skills

Financial modeling

Valuation techniques

Derivatives knowledge

Analytical skills

Problem-solving

Communication skills

Education

Postgraduate degree in Finance, Economics, Accounting, or Business

Tools

Python

R

MS Excel

Bloomberg

Refinitiv

CapitalIQ

Job description

Senior – Valuations-Complex Securities & Expected Credit Loss (ECL)

EY is seeking a Valuation Specialist to join its Assurance Valuation team. This role involves reviewing and evaluating the valuation of complex financial instruments, including derivatives, for audit purposes. It presents an opportunity to grow within a leading firm through diverse engagements, mentoring, and continuous learning.

Key Responsibilities:

• Ensure accurate reporting of derivatives and hedge transactions, such as interest rate swaps, FX and currency swaps, and credit default swaps.
• Provide expertise in valuing various financial instruments, including corporate bonds, treasury bills, debt securities, loan interest, and equity securities.
• Assess and document hedge effectiveness for different types of hedges, including fair value hedges.
• Review and evaluate the valuation of complex financial instruments, including:

• Forward currency contracts, future contracts, FX spot, and forward deals

• Expected Credit Loss (ECL)

• Options, warrants, and share-based payments

• Fixed income securities and tranches

• Other derivatives, including Employee Stock Options (ESOPS)

• Total Shareholder Return (TSR) and Convertible Bonds

• Bonds with embedded options and Sukuk

• Derivative Strategies and Structured Derivatives

• Contingent consideration arrangements

• Simple Agreement for Future Equity (SAFE) notes

• Credit Linked Notes (CLN)

• Incremental Borrowing Rate (IBR)

• Develop and maintain complex financial models using techniques such as Monte Carlo simulation, Black-Derman-Toy model, lattice techniques, and finite difference methods.
• Ensure compliance with accounting standards, including IFRS 9 and IFRS 13.
• Lead derivatives valuation engagements for financial reporting, ensuring quality and timely delivery.
• Utilize advanced tools like Python, R, @Risk, VBA, and data sources like Bloomberg, Refinitiv, and CapitalIQ.
• Stay updated on business and economic trends to enhance valuation models and client engagements.
• Communicate findings and recommendations effectively to senior management and clients.
• Actively participate in process improvement to optimize workflows and enhance valuation efficiency.

Skills and Attributes for Success:

• Technical Skills:

• Proficient in financial modeling and valuation techniques, including DCF, Income Approach, and Option Pricing Model.

• Strong understanding of derivatives and hedge transactions.

• Knowledge of accounting standards like IFRS 9 and IFRS 13.

• Proficiency in programming languages such as Python and R.

• Experience with data analysis using Bloomberg, Refinitiv, and CapitalIQ.

• Soft Skills:

• Excellent written and verbal communication skills.

• Ability to mentor junior staff and enhance model creation.

• Strong analytical and problem-solving capabilities.

• Ability to work collaboratively with cross-functional teams.

• Proven project management and interpersonal skills.

• Competence in explaining complex financial concepts to non-technical stakeholders.

Qualifications:

• A postgraduate degree in Finance, Economics, Accounting (CA), or Business with 3+ years of relevant experience.
• Direct experience in valuation techniques and methodologies in a business valuation firm, venture capital, investment banking, or financial research.
• Experience in financial modeling, particularly in building models from scratch in MS Excel.

What We Offer:

• Continuous learning opportunities to develop skills for future challenges.
• Flexibility and tools to make a meaningful impact.
• Insights and coaching for transformative leadership.
• A diverse and inclusive culture that empowers individuals.

About EY:EY aims to build a better working world by creating long-term value for clients, people, and society. With teams in over 150 countries, EY provides assurance, consulting, law, strategy, tax, and transaction services, helping clients navigate complex issues.

If you meet the criteria, please contact us promptly. The exceptional EY experience awaits you.