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The Enterprise Valuation Group (EVG) within the ALM Finance department of Corporate Controller’s Group performs critical control and validation procedures over the Company’s general account investment portfolio and other investment activities affiliated with PFI. The group also provides certain valuation services to the businesses related to significant transactions (including M&A and reinsurance) and unique strategic investments. EVG’s responsibilities also include developing and maintaining corporate level valuation oversight policy, guideline, and procedures, reviewing valuation processes and methodologies, and reporting valuation oversight results to senior management.
This role will evaluate credit related investment valuation matters across many asset types, including bonds, mortgages, equity, real estate and other alternative investments. Additionally, the role will perform analytical, model, and accounting control and validation over the company’s general account/separate accounts investment activities.
What you’ll do:
- Participating in the group’s focus range from optimizing liquid core assets valuation routines to maximizing transparency on illiquid, non-core assets with obstacles including unobservable inputs, operational lags, non-GAAP financials, etc.
- Monitoring emerging valuation topics related to GAAP/Statutory/SEC reporting requirements and serving as a subject matter expert for valuation and valuation oversight.
- Performing quarter-end valuation testing and reviews.
- Producing regular management reports on valuation oversight.
- Working with the fair value reporting team to improve fair value leveling.
- Performing other ad hoc valuation analysis to support financial reporting and management decision making.
What you’ll need:
- Undergraduate degree in Accounting, Finance, Economics or other relevant disciplines.
- 5+ years’ experience in investment related financial analysis and reporting is preferred.
- Working knowledge of financial security valuation principles and practices.
- Knowledge of ASC 820 fair value leveling, measurement, and disclosures.
- Strong communication and interpersonal skills with an ability to interact effectively with other functions, peers, and senior managers.
- Knowledge of one or more valuation concepts, including cashflow discount models, yield curve analysis, enterprise value models using sales or earnings multiples, sum of the parts (SOTP) business valuation methods.
- Ability work with cross-functional teams and deliver technology-driven solutions to investment analysis.
It would be a plus if you had:
- CPA, CFA, MBA, or Master of Financial Engineering.
- Working knowledge of investment IPV (Independent Price Verification) and valuation control procedures.
- Auditing or consulting experience with a public accounting firm.
- Proficiency in investment analytics and data analysis, specifically, experience with one or more programming and investment tools: Python, SQL, Tableau, Power BI, Cognos, R, MATLAB, Capital IQ, Bloomberg, Intex.
- Experience with ASU 2016-01, Financial Instruments: Recognition and Measurement of Financial Assets and Financial Liabilities, ASC 320 (Debt), ASC 321(Equity) accounting treatment, ASC 323 (Equity Method and Joint Ventures), ASC 810 (Consolidation) and ASC 805 (Business Combinations).
Source: PGIM Real Estate Career Page
