Securities Valuation Sr Associate

TIAA; Chicago (IL); On-site; USD 105,000 - 149,000; Full time

Job summary

Nuveen, a global investment manager and parent of TIAA, seeks a Valuation Senior Associate in Chicago to lead valuation work across fixed income, equities and real assets. Under limited supervision, you will build models, review external valuations, and support reporting.

You will monitor market conditions, perform variance analyses, and communicate insights to auditors and internal clients to mitigate risk. 3+ years of valuation experience required; 5+ preferred.

Qualifications

• 3+ years of valuation experience required.
• 5+ years preferred.
• University degree preferred.

Responsibilities

• Develops valuation models for portfolio holdings.
• Reviews and challenges third-party valuations and pricing.
• Performs variance analyses to identify mass-priced holdings.
• Prepares valuations and pricing solutions for internal clients, auditors and regulators.
• Monitors macro and micro market conditions that may affect pricing.
• Develops and updates processes with controls to reduce risk.

Skills

Valuation modeling

Portfolio valuation

Analytical skills

Financial markets knowledge

Communication

Due diligence

Education

University (Degree) Preferred

Job description

The Valuation Senior Associate is responsible for valuing and reviewing valuations for select public and private fixed income and/or equity holdings. Under limited supervision, this job works independently on projects and processes related to one or multiple of the following portfolios: bonds, equities, commercial mortgages, commercial real estate, real assets, private equity and derivatives. This job also monitors third-party providers and pricing, along with consistently maintaining updated knowledge of market conditions and fundamentals.

Key Responsibilities and Duties

• Develops valuation models of private and public investment portfolio holdings while also monitoring and challenging third-party or General Partner valuations based on supporting data.
• Conducts and reviews variance analysis of portfolio valuations used to identify mass-priced holdings to determine the source and potential risk of variance, and to develop plans to address impact of variance in reporting.
• Prepares and delivers requested valuations and pricing solutions to internal clients, auditors and regulators while maintaining frequent communication with internal and external auditors in an effort to mitigate any potential risk facing the organization.
• Conducts independent research to develop and maintain a broad understanding of current and future macro and micro market conditions and market fundamentals that may impact pricing and valuations.
• Develops and updates processes and procedures that incorporate the required level of controls and reduce potential risk, while delivering well-supported valuations and credit losses as required for respective accounts.
• Determines an estimate of fair market pricing when third party pricing is unavailable or deemed unreasonable.
• Conducts and reviews variance analysis of portfolio valuations used to identify mass-priced holdings to determine the source and potential risk of variance, and to develop plans to address impact of variance in reporting.
• Prepares and delivers requested valuations and pricing solutions to internal clients, auditors and regulators while maintaining frequent communication with internal and external auditors in an effort to mitigate any potential risk facing the organization.
• Conducts independent research to develop and maintain a broad understanding of current and future macro and micro market conditions and market fundamentals that may impact pricing and valuations.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3+ Years Required; 5+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

7IC

Related SkillsAccountability, Analytical Skills, Asset/Investment Modeling, Asset Valuation, Communication, Conflict Management, Critical Thinking, Due Diligence, Financial Markets, Market/Industry Dynamics

Anticipated Posting End Date

Base Pay Range: $105,000/yr - $149,000/yr

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

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Company Overview

Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world’s largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy. Visit www.nuveen.com to learn more about us.

Our Culture of Impact

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways- because when our people succeed, our impact on clients' lives grows stronger.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our full EEO & Non-Discrimination statement is on our careers home page, and you can read more about your rights and view government notices here.

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Drug and Smoking Policy

TIAA maintains a drug-free and smoke/free workplace.

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