Associate - Valuation & Portfolio Monitoring

Connect Search, LLC; Chicago (IL); On-site; USD 85,000 - 125,000; Full time

Benefits offered by this job

Discretionary annual bonus

401(k) with employer match

Generous PTO

Paid company holidays

Paid parental leave

Medical/dental/vision coverage

Wellness resources

Job summary

Connect Search, LLC is assisting a leading global private markets investment firm in Chicago, seeking an Associate to support valuation, portfolio oversight, and daily NAV activities for US daily-priced funds.

You will collate inputs, prepare valuation packs, and ensure compliance with ASC 820/Rule 2a-5 across the fund complex while maintaining thorough documentation and audit trails.

Qualifications

• 2–5 years of valuation or portfolio monitoring experience.
• Exposure to private equity or asset management preferred.
• Familiarity with US registered funds and US GAAP ASC 820.

Responsibilities

• Compile portfolio and valuation inputs from Deal Teams, Portfolio Management and third-party data sources for daily and periodic valuation cycles.
• Prepare and review daily valuation packs for US registered funds, reconciling inputs to source data.
• Apply valuation policy and methodology (ASC 820 / Rule 2a-5) across the fund complex; flag stale marks or anomalies.
• Maintain valuation support files, audit trails, and documentation for portfolio positions.
• Support the Valuation Committee process and related reporting timelines.
• Monitor portfolio-level pricing, corporate actions, and capital activity feeding into daily NAV.
• Improve process documentation, controls, and checklists for multi-time-zone valuation cycles.
• Serve as day-to-day contact for valuation agents and data vendors.
• Coordinate with Data & Analytics, Technology, and Change teams to support daily NAV platform.

Skills

Valuation experience

Portfolio monitoring

US GAAP ASC 820

Financial analysis

Stakeholder communication

Education

Bachelor's degree in finance or accounting

Job description

A leading global private markets investment firm managing a substantial AUM across multiple institutional strategies.

About the Role

The Associate will support the Senior Vice President and wider Portfolio Monitoring team across valuation collation, portfolio oversight, and operational aspects of the firm's US daily-priced registered funds.

Key Responsibilities

• Compile portfolio and investment-level valuation inputs from Deal Teams, Portfolio Management, and third-party data sources ahead of each daily and periodic valuation cycle
• Prepare and review the daily valuation pack for the US registered funds, reconciling inputs to source data and preparing outputs for sign-off by the central valuation team
• Support application of the firm's valuation policy and methodology (ASC 820 / Rule 2a-5) across the fund complex, flagging stale marks, anomalies, or methodology exceptions
• Maintain valuation support files, audit trails, and documentation for portfolio positions
• Support the Valuation Committee process
• Monitor portfolio-level pricing, corporate actions, and capital activity feeding into daily NAV
• Maintain and improve process documentation, controls, and checklists for a multi-time-zone daily valuation cycle
• Act as a day-to-day point of contact for the valuation agent and third-party pricing and data vendors
• Support oversight of valuation agent deliverables and reporting timetables
• Build strong working relationships with Data & Analytics, Technology, and Change teams to support the daily NAV platform
• Assist with coordination of Board and regulatory reporting deliverables including audited financial statements and Rule 38a-1 / Rule 2a-5 requirements
• Communicate proactively with stakeholders across Front Office, Product, Investor Services, Compliance, and the central valuation team

Qualifications

• ~2-5 years of relevant valuation and/or portfolio monitoring experience
• Ideally valuation exposure within a private equity or asset management environment
• Exposure to US registered '40 Act investment products or other regulated fund structures investing in private markets (evergreen, tender offer, or interval funds ideal)
• Working knowledge of investment valuation processes and portfolio monitoring cycles
• Sound understanding of US GAAP (ASC 820 / ASC 946)

Competitive base salary plus discretionary annual bonus, 401(k) with employer match, generous PTO, paid company holidays, paid parental leave, comprehensive medical/dental/vision, and wellness/mental health resources.