Asset Management - Global Alternatives Valuations - Vice President

JPMorgan Chase & Co.; New York (NY); On-site; USD 150,000 - 200,000; Full time

Job summary

A leading company in asset management is seeking a Vice President for their Valuations Team. The role involves reviewing private market investment valuations and ensuring effective communication with various stakeholders. Candidates should have extensive experience in asset valuations and strong analytical skills.

Qualifications

• Minimum of eight years in institutional private market asset valuations.
• Strong written and quantitative analysis skills.

Responsibilities

• Reviewing private market investment valuations including equity and debt.
• Participating in training activities and process enhancements.
• Communicating effectively with appraisers and stakeholders.

Skills

Abstract reasoning

High organization

Multitasking

Self-starting abilities

Intellectual curiosity

Tools

Argus Enterprise

Excel

Job description

J.P. Morgan Asset Management is the world’s third-largest alternatives manager, with a 40-year history of delivering innovative alternative solutions across market cycles. Our alternative investment engines are managed by highly specialized independent teams, backed by the global reach, vast resources, and robust governance of J.P. Morgan Asset Management. Our alternative strategies are designed to achieve specific client outcomes and are built to deliver uncorrelated returns to traditional asset classes. Customized alternative portfolios can be tailored to individual client needs. We offer strategies across the alternative investment spectrum, including real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds.

Job Summary:

We are seeking a Vice President for our Valuations Team within J.P. Morgan Asset Management’s Global Alternatives Group. Reporting to the Head of Valuations for Global Alternatives, the successful candidate will be responsible for reviewing private market investment valuations, including equity and debt valuations of investments in JPMAM’s U.S. Real Estate, Private Credit, and Private Capital funds and accounts, with potential expansion into international real estate, infrastructure, and transportation in the future.

This role promotes ongoing contact between the Valuations Team, Head of Valuations, external valuers, seasoned asset managers, analysts/associates, and investment team members.

Job responsibilities:

1. Understanding appraisal approaches: income, sales comparable/market, and cost; reviewing appraisals and commenting on the reasonableness of values and assumptions; identifying errors and issues; discussing concerns with asset management; and communicating effectively with appraisers to resolve value conclusions within reporting timeframes.
2. Audit Support: Responding to auditors’ questions and providing additional information for asset valuations.
3. Platform-wide initiatives: Participating in training activities, process/technology enhancements, etc., to benefit the broader platform.
4. Communication: Informing the Head of Valuations of valuation process issues and proposing solutions.
5. Investment Committee Review: Attending/reviewing presentations for new acquisitions, identifying appraisal risks and pricing inconsistencies.
6. Financial Modeling: Fluency in Argus Enterprise and Excel, with the ability to model valuations.
7. Presentation Skills: Strong written and verbal skills to present and defend findings to stakeholders, including portfolio managers, auditors, service providers, and investors.

Required qualifications, capabilities, and skills:

1. Understanding of alternative asset classes: including debt funds and private company investments; strong written and quantitative analysis skills; intellectual curiosity to challenge peers.
2. Skills: Abstract reasoning, high organization, multitasking, self-starting abilities.
3. Experience: Minimum of eight years in institutional private market asset valuations.