Senior Manager, Valuation

Ontario Teachers' Pension Plan; Toronto; In loco; CAD 110.000 - 150.000; Tempo pieno

Descrizione del lavoro

Ontario Teachers' Pension Plan is seeking a Senior Manager to oversee OTPP's semi-annual private investment valuation processes, supporting mid-year and year-end financial reporting. The role involves training and reviewing junior staff and collaborating with internal partners and external advisors.

The position requires deep knowledge of private market valuations across private equity, infrastructure, real assets, venture capital, real estate, and private credit, with a focus on governance and

Competenze

• Experience in leading valuation reviews of private investments.
• Ability to train and supervise junior staff.
• Strong coordination with Investment Division and external advisors.

Mansioni

• Lead mid-year and year-end valuation planning and execution.
• Review fair value valuations from investment teams and external agents.
• Develop recommendations on fair value for financial statements.
• Train, mentor and supervise junior valuation staff.
• Coordinate with Investment Division to ensure timely valuation processes.
• Manage external advisor involvement and reporting of deliverables.

Conoscenze

Valuation expertise

Leadership

Private investments

Descrizione del lavoro

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 the Director, Valuation 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 to the Director, Valuation 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 best practice, 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