Senior Manager, Valuation

Ontario Teachers' Pension Plan; Toronto; Hybrid; CAD 100,000 - 140,000; Full time

Job summary

Ontario Teachers' Pension Plan seeks a Senior Manager for private investment valuations. The role involves overseeing valuation processes, mentoring junior staff, and ensuring compliance with valuation standards. The successful candidate will work collaboratively with internal investment teams and external advisors, leveraging expertise in financial modeling and valuation techniques.

Benefits

Competitive salary and incentive

Comprehensive employer paid benefits

Flexible/hybrid work environment

Employee discount programs

Opportunities for professional growth

Defined benefit pension plan

Flexible Travel Program

Qualifications

• Experience in private investment valuations (minimum 5 years).
• Strong analytical thinking and financial modelling skills.
• Previous experience in mentoring and developing staff.

Responsibilities

• Lead the execution of private investment valuation processes.
• Train and mentor junior staff in valuation standards.
• Review fair value valuations and develop recommendations.

Skills

Analytical Thinking

Financial Modelling

Project Management

Verbal Communication

Written Communication

Education

Relevant university degree

Chartered Financial Analyst (CFA)

Chartered Business Valuator (CBV)

Tools

PowerBI

Job description

Reporting to the Director, Valuation, the Senior Manager will be responsible for the execution of OTPP’s semi-annual private investment valuation processes, for the purpose of OTPP’s mid-year and year-end financial statement reporting. Private portfolio investments asset classes include private equity, infrastructure, natural resources, venture capital, real estate, and private credit. This position will also actively involve training and reviewing the work of junior staff.

Who you'll work with

You work cross-functionally with internal and external partners within OTPP.

What you'll do

1. Lead the planning and execution of the mid-year and year-end valuation processes during peak periods, including:

Prepare and lead all aspects of the review of “fair value” valuations prepared by OTPP’s Investment teams including the preparation of analysis and summary memorandums in respect thereof

Develop an appropriate understanding of the assigned investments and remaining current on individual investment developments through participation in Investment team portfolio monitoring meetings and/or site visits with company management

Review the fair value valuations prepared by external valuation agents

Develop recommendations of fair value to be used for the purposes of OTPP’s financial statements

Support in the development, tracking and reporting of plans and timelines to ensure an effective and efficient valuation process

Develop the standards for reviews and the corresponding processes to be followed by the staff involved in the valuation process

Respond to queries/information requests from OTPP’s external auditors with respect to the private investment valuations

Communicate noted issues and generate solutions with respect to the valuation process or specific investment valuations on a timely basis

Contribute to OTPP board reporting with respect to the results of the mid-year and year end private investment valuation processes

Contribute to ad-hoc projects supporting the execution of the broader Finance division strategy

2. Work with the Investment Division with respect to the valuations, including:

Coordinating processes and deliverables to facilitate the execution of a smooth mid-year and year-end valuation process

Ensure outstanding service is provided to the Investment Division with respect to private investment valuations

Respond to inquiries and requests from the Investment Division including consultation on new transactions where required

3. Manage external advisor involvement in the mid-year and year-end valuation process, including:

Develop recommendations on the nature and use of external advisors including the selection of specific advisors and the scope of their review

Lead the entire process around the use of external advisors including:

Execution of terms of engagement with specific advisors

Establishing timelines, deliverables and reporting processes for external advisors

Ensuring internal information required by external advisors is provided by both the Investment Division and Finance in accordance with established timelines

Supervising and reporting on progress of external advisor deliverables and associated costs

Review and incorporation of external advisor recommendations/findings into OTPP’s recommendations on fair value

Ensuring outstanding service is provided by external parties

4. Training, mentoring and Supervision of junior staff, including:

Actively participating in the hiring of junior staff and co-op students

Develop training material and provide on the job mentoring and train junior staff with respect to valuation standards, practices, and internal process requirements to ensure the execution of effective and efficient valuation processes

5. Ensure OTPP’s valuation policies and practices remain standard process, including:

Review and monitor external valuation standards and practices

Be involved in the annual review and update of OTPP’s valuation policies including recommending changes based on changes in standard methodology valuation guidelines and practices

Prepare any required OTPP board reporting with respect to any recommended process or policy changes

The nature of the relationship with partners requires a high degree of integrity, diplomacy, persuasiveness and the ability to defend one’s position and to be able to influence consensus towards the final conclusion

There is a high degree of decision making and discretion required in this role. Often required to manage multiple competing priorities

This position serves as a direct resource to the Director, Valuation and is encouraged to make operational decisions. On complex issues, the Senior Manager, Valuation is encouraged to have fully researched the issues, provide recommendations, and an implementation plan. The Senior Manager, Valuation will see initiatives through to implementation as well as build relevant reporting for partners

What you'll need

Relevant university degree

A Chartered Financial Analyst (“CFA”) and/or Chartered Business Valuator (“CBV”) designation

Valuation Knowledge – This position requires a solid understanding and application of the principles and complexities of private asset valuation. This includes experience in the application of various valuation approaches as it might relate to private equity, infrastructure, venture capital, natural resources, real estate, and private debt other private investments

Analytical Thinking and Financial Modelling Skills – Strong analytical thinking, variance analysis, and financial/cash flow modelling skills are important to the execution of the valuation review process. Having a comfort level in reviewing large and complex financial models is important

Project Management Skills – OTPP’s valuation process involves the completion of an extensive number of valuation reviews and coordination across multiple departments and teams including within Finance. Effective planning and project management skills to set priorities, coordinate tasks, supervise junior staff and meet deadlines are crucial

Strong written communication skills are required to ensure Finance’s memoranda are written clearly and concisely, address the key valuation risks identified and adequately support Finance’s recommendation of fair value

Verbal Communication Skills – This position requires interaction with internal management and various OTPP Investment Division

Experience in private investment valuations (minimum 5 years)

Previous experience in mentoring, training and developing staff

Experience interacting with senior management and external advisors is critical

Experience in data analytics/visualization tools such as PowerBI is an asset

#LI-OTPP, #LI-VN, #LI-Hybrid

What we’re offering

Pay-for-performance environment that offers competitive salary and incentive

Numerous opportunities for professional growth and development

Comprehensive employer paid benefits coverage

Retirement income through a defined benefit pension plan

The opportunity to invest back into the fund through our Deferred Incentive Program

A flexible/hybrid work environment combining in office collaboration and remote working

Competitive time off

Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year

Employee discount programs including Edvantage and Perkopolis

Degreed: a digital platform that helps you quickly and easily discover, share, and track various learning resources — from courses to videos to articles and more

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

How to apply

Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.

Accommodations are available upon request ([e-mail]) for candidates with a disability taking part in the recruitment process and once hired.

Candidates must be legally entitled to work in the country where this role is located.

The privacy of your personal information is important to us. Please visit our Privacy Centre to learn how we handle your personal information.

Functional Areas:

Finance

The opportunity

Reporting to the Director, Valuation, the Senior Manager will be responsible for the execution of OTPP’s semi-annual private investment valuation processes, for the purpose of OTPP’s mid-year and year-end financial statement reporting. Private portfolio investments asset classes include private equity, infrastructure, natural resources, venture capital, real estate, and private credit. This position will also actively involve training and reviewing the work of junior staff.

Who you'll work with

You work cross-functionally with internal and external partners within OTPP.

What you'll do

1. Lead the planning and execution of the mid-year and year-end valuation processes during peak periods, including:

• Prepare and lead all aspects of the review of “fair value” valuations prepared by OTPP’s Investment teams including the preparation of analysis and summary memorandums in respect thereof

• Develop an appropriate understanding of the assigned investments and remaining current on individual investment developments through participation in Investment team portfolio monitoring meetings and/or site visits with company management

• Review the fair value valuations prepared by external valuation agents

• Develop recommendations of fair value to be used for the purposes of OTPP’s financial statements

• Support in the development, tracking and reporting of plans and timelines to ensure an effective and efficient valuation process

• Develop the standards for reviews and the corresponding processes to be followed by the staff involved in the valuation process

• Respond to queries/information requests from OTPP’s external auditors with respect to the private investment valuations

• Communicate noted issues and generate solutions with respect to the valuation process or specific investment valuations on a timely basis

• Contribute to OTPP board reporting with respect to the results of the mid-year and year end private investment valuation processes

• Contribute to ad-hoc projects supporting the execution of the broader Finance division strategy

2. Work with the Investment Division with respect to the valuations, including:

• Coordinating processes and deliverables to facilitate the execution of a smooth mid-year and year-end valuation process

• Ensure outstanding service is provided to the Investment Division with respect to private investment valuations

• Respond to inquiries and requests from the Investment Division including consultation on new transactions where required

3. Manage external advisor involvement in the mid-year and year-end valuation process, including:

• Develop recommendations on the nature and use of external advisors including the selection of specific advisors and the scope of their review

• Lead the entire process around the use of external advisors including:

• Execution of terms of engagement with specific advisors

• Establishing timelines, deliverables and reporting processes for external advisors

• Ensuring internal information required by external advisors is provided by both the Investment Division and Finance in accordance with established timelines

• Supervising and reporting on progress of external advisor deliverables and associated costs

• Review and incorporation of external advisor recommendations/findings into OTPP’s recommendations on fair value

• Ensuring outstanding service is provided by external parties

4. Training, mentoring and Supervision of junior staff, including:

• Actively participating in the hiring of junior staff and co-op students

• Develop training material and provide on the job mentoring and train junior staff with respect to valuation standards, practices, and internal process requirements to ensure the execution of effective and efficient valuation processes

5. Ensure OTPP’s valuation policies and practices remain standard process, including:

• Review and monitor external valuation standards and practices

• Be involved in the annual review and update of OTPP’s valuation policies including recommending changes based on changes in standard methodology valuation guidelines and practices

• Prepare any required OTPP board reporting with respect to any recommended process or policy changes

• The nature of the relationship with partners requires a high degree of integrity, diplomacy, persuasiveness and the ability to defend one’s position and to be able to influence consensus towards the final conclusion

• There is a high degree of decision making and discretion required in this role. Often required to manage multiple competing priorities

• This position serves as a direct resource to the Director, Valuation and is encouraged to make operational decisions. On complex issues, the Senior Manager, Valuation is encouraged to have fully researched the issues, provide recommendations, and an implementation plan. The Senior Manager, Valuation will see initiatives through to implementation as well as build relevant reporting for partners

What you'll need

• Relevant university degree

• A professional accounting designation

• A Chartered Financial Analyst (“CFA”) and/or Chartered Business Valuator (“CBV”) designation

• Valuation Knowledge – This position requires a solid understanding and application of the principles and complexities of private asset valuation. This includes experience in the application of various valuation approaches as it might relate to private equity, infrastructure, venture capital, natural resources, real estate, and private debt other private investments

• Analytical Thinking and Financial Modelling Skills – Strong analytical thinking, variance analysis, and financial/cash flow modelling skills are important to the execution of the valuation review process. Having a comfort level in reviewing large and complex financial models is important

• Project Management Skills – OTPP’s valuation process involves the completion of an extensive number of valuation reviews and coordination across multiple departments and teams including within Finance. Effective planning and project management skills to set priorities, coordinate tasks, supervise junior staff and meet deadlines are crucial

• Strong written communication skills are required to ensure Finance’s memoranda are written clearly and concisely, address the key valuation risks identified and adequately support Finance’s recommendation of fair value

• Verbal Communication Skills – This position requires interaction with internal management and various OTPP Investment Division

• Experience in private investment valuations (minimum 5 years)

• Previous experience in mentoring, training and developing staff

• Experience interacting with senior management and external advisors is critical

• Experience in data analytics/visualization tools such as PowerBI is an asset

#LI-OTPP, #LI-VN, #LI-Hybrid

What we’re offering

• Pay-for-performance environment that offers competitive salary and incentive

• Numerous opportunities for professional growth and development

• Comprehensive employer paid benefits coverage

• Retirement income through a defined benefit pension plan

• The opportunity to invest back into the fund through our Deferred Incentive Program

• A flexible/hybrid work environment combining in office collaboration and remote working

• Competitive time off

• Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year

• Employee discount programs including Edvantage and Perkopolis

• Degreed: a digital platform that helps you quickly and easily discover, share, and track various learning resources — from courses to videos to articles and more

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

How to apply

Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.

Accommodations are available upon request ([e-mail]) for candidates with a disability taking part in the recruitment process and once hired.

Candidates must be legally entitled to work in the country where this role is located.

The privacy of your personal information is important to us. Please visit our Privacy Centre to learn how we handle your personal information.

Functional Areas:

Finance

Requisition ID:

4928

About the company

The Ontario Teachers' Pension Plan Board is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario.

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