Private Debt Valuation

NAC Voya Services Company; Atlanta (GA); On-site; USD 150,000 - 230,000; Full time

Job summary

Voya Investment Management seeks a senior professional to lead end-to-end valuation for private debt investments, partnering with investment teams, finance and risk to ensure valuations are well governed and properly supported.

You will challenge methodologies, maintain robust documentation and drive oversight across external providers, governance forums and regulatory requirements while mentoring staff and collaborating with auditors and clients.

Qualifications

• 8+ years of experience in valuation or related fields.
• Strong knowledge of financial metrics, capital structures and financial statements.
• Experience with ASC 820 Fair Value measurement is desirable.

Responsibilities

• Lead valuation oversight for private debt, commercial mortgage loans, infrastructure debt and related illiquid assets.
• Review and challenge valuation methodologies, inputs and conclusions to ensure defensible fair value determinations.
• Oversee provider due diligence, methodology reviews, and performance monitoring of external valuation providers.
• Develop and evolve valuation governance, policies, procedures and escalation processes.
• Mentor valuation professionals and partner with cross-functional teams to address valuation matters.

Skills

Valuation expertise

Credit analysis

Risk management

Audit

Financial metrics

Education

Bachelor's degree

Job description

Together we fight for everyone's opportunity for a better financial future.

We will do this together - with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone's access to opportunities. The status quo is not good enough ... we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with - and those we acquire throughout our lives - are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage

Profile Summary:

As a key leader within Voya Investment Management's Investment Pricing & Valuation function, the position within Private Debt Valuation will play a significant role in the end-to-end valuation framework for private debt investments. The role will partner closely with investment teams, finance, risk, compliance, auditors, and external valuation providers to help ensure valuations are well governed, appropriately supported, and aligned with relevant accounting and regulatory requirements.

Profile Description:

Valuation Oversight

• Apply deep valuation expertise to private debt, commercial mortgage loans, infrastructure debt, asset-based finance, and other complex or illiquid credit instruments, including evaluation of contractual cash flows, capital structures, credit spreads, liquidity, default risk, recoveries, and collateral.
• Review and challenge valuation methodologies, assumptions, inputs, and conclusions to support well-reasoned fair value determinations.
• Perform oversight of valuation exceptions, price challenges, back-testing, calibration, and other valuation review activities.
• Maintain clear and defensible documentation supporting valuation conclusions and governance decisions.

Methodology and Provider Oversight

• Serve as Voya's senior technical counterpart to external valuation providers covering illiquid assets, critically evaluating methodologies, models, market evidence, and valuation conclusions and leading the resolution of significant valuation differences.
• Conduct provider due diligence, methodology reviews, performance assessments, and ongoing monitoring activities.
• Evaluate valuation approaches and models utilized by external providers, including discounted cash flow, market, transaction, and yield-based methodologies.
• Provide effective challenge when valuation outcomes, assumptions, or methodologies appear inconsistent with market conditions or available evidence.

Governance and Risk Management

• Develop and evolve valuation policies, procedures, governance forums, and escalation processes.
• Identify valuation risks and control enhancement opportunities and help implement sustainable solutions.
• Prepare materials and present valuation matters to valuation committees, senior management, auditors, and other stakeholders.
• Provide valuation subject-matter oversight for the use of private debt fair values across accounting, investment book of record, NAV, and client-reporting processes.
• Respond to audit, regulatory, client, and due diligence inquiries related to private debt valuation.

Leadership and Business Partnership

• Lead, develop, and mentor valuation professionals while promoting high standards of quality, accountability, and execution.
• Partner with investment teams, accounting, operations, technology, legal, compliance, and risk functions to address valuation matters and support business initiatives.
• Serve as the primary liaison for private debt valuation matters with auditors and clients.

Operating Model and Continuous Improvement

• Support the evolution of Voya IM's private debt valuation operating model.
• Drive process improvements, automation and AI initiatives, and enhancements to valuation reporting and controls.
• Monitor and keep pace with changing industry practices, valuation methodologies, and regulatory developments that may impact private debt valuation.

Knowledge & Experience:

• Bachelor's degree in Finance, Accounting, Economics, Mathematics, or a related field.
• 8+ years of experience in valuation, valuation advisory, credit analysis, audit, risk management, or related fields, with deep knowledge of financial metrics, capital structures, and financial statements.
• Strong knowledge of ASC 820 Fair Value Measu