Valuations - Senior Analyst / Associate

Arena Investors, LP · New York, United States · 2 wk ago

HybridFinanceFull-time

Complex Financial Instrument Valuations
- Lead and own fair value engagements for a broad range of financial instruments, including:

Exotic/structured derivatives (options, or option-linked instruments)
Fixed income: corporate bonds, leveraged loans, and distressed/illiquid debt
Equity-linked and hybrid instruments: convertible bonds, warrants, and preferred equity with complex features
Options and contingent claims across public and private underlying assets

Build, maintain, and critically review valuation models - including DCF, binomial lattice, Monte Carlo simulation, Black-Scholes and its extensions, and reduced-form/structural credit models
Select and justify appropriate methodologies given instrument complexity, liquidity, observability of inputs, and applicable accounting guidance
Calibrate models to market data and perform robust sensitivity and scenario analysis
Source and analyze market data inputs including yield curves, credit spreads, implied volatilities, and prepayment assumptions
Accounting Standards & Financial Reporting Support

Apply and interpret relevant US GAAP accounting standards as they govern fair value measurement and financial instrument reporting, including:

ASC 820 (Fair Value Measurement): Level 1/2/3 hierarchy, principal market, highest-and-best-use, unit of account, and Day 1 P&L considerations
ASC 946 (Investment Companies): NAV-basis reporting, fair value for fund portfolios, and related disclosure requirements
ASC 825 (Financial Instruments): fair value option elections and related disclosure

Partner with external auditors and fund administrators on fair value sign-offs, Level 3 roll-forwards, and valuation committee presentations
Prepare and review technical memoranda documenting valuation conclusions, methodology rationale, and accounting treatment linkages
Assist portfolio companies or clients in designing and implementing valuation policies consistent with applicable standards

Lead engagement workflow end-to-end: scoping, timeline management, model review, quality control, and final deliverable
Mentor and review the work of junior Analysts and Associates on the Valuations team
Act as a primary point of contact for internal portfolio teams and external clients on instrument-level valuation questions
Communicate valuation conclusions clearly to non-technical stakeholders including CFOs, controllers, and audit committees

Bachelor's degree in Finance, Applied Mathematics, or other quantitative finance major, or Economics with a strong interest in pursuing professional designation; Master's degree is a plus.
Experience with valuing and reviewing debt and complex financial instruments/derivatives (swaps, contingent consideration, convertible debt, etc.) and related methodologies/ models/ software (Monte Carlo simulation, Binomial Models, Thomson Reuters or Bloomberg).
3-5 years valuation experience with a Big 4 or Top 20 public accounting and advisory firm.
Demonstrated experience in both performing valuations and reviewing common stock, debt and derivative valuations, etc.
Experience working with Capital IQ
Highly Proficient in Microsoft Office, especially Excel and Word
Good understanding of the accounting standards related to financial instruments and valuations is a plus.
Ability to work on multiple engagements simultaneously with competing priorities in a rapidly growing, fast-paced, interactive, results-based environment
Excellent written, interpersonal, and presentation skills
Python programming/coding is a plus
Individuals on the path to obtaining the CFA qualification is a plus.

Similar jobs