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

Ernst & Young Advisory Services Sdn Bhd; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A global consulting firm in Dubai is seeking a Valuation Specialist to join its Assurance Valuation team. The role focuses on evaluating complex financial instruments for audit purposes, developing financial models, and ensuring compliance with accounting standards. Candidates should have a postgraduate degree and extensive experience in valuation techniques, including strong analytical skills and proficiency in programming languages. The firm offers development opportunities in a diverse and inclusive culture.

Benefits

Continuous learning opportunities

Flexible work tools

Coaching for leadership

Qualifications

• 3+ years of relevant experience in valuation techniques.
• Direct experience in a business valuation firm, venture capital, investment banking, or financial research.

Responsibilities

• Review and evaluate the valuation of complex financial instruments.
• Develop and maintain complex financial models.
• Ensure compliance with accounting standards.
• Lead derivatives valuation engagements.

Skills

Financial modeling

Valuation techniques

Derivatives understanding

Programming (Python, R)

Analytical problem-solving

Communication skills

Education

Postgraduate degree in Finance, Economics, Accounting, or Business

Tools

Excel

Bloomberg

Refinitiv

CapitalIQ

Job description

EY is seeking a Valuation Specialist to join its Assurance Valuation team in Dubai. This role involves reviewing and evaluating the valuation of complex financial instruments, including derivatives, for audit purposes.

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, Simple Agreement for Future Equity (SAFE) notes, Credit Linked Notes (CLN), and 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.

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.

EY is an equal opportunities employer and welcomes applications from all qualified candidates. We are committed to making EY a great place to work for all our people.