Head of Private Investments Valuation, State Street Investment Management, Vice President III

This job is with State Street, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

The Global Funds Management ("GFM") team within State Street Investment Management drives sound fund oversight programs across our funds and services. GFM's Global Valuation Team is looking for a Head of Private Investments Valuation to execute and own the valuation processes for private and complex securities held across our funds and accounts. You will support the Valuation Committee including preparation and review of valuation reports, testing of fair value methodologies, and coordination of fair value determinations and related documentation. You will work and collaborate with various teams across the organization including, but not limited to, Operations, Compliance, Risk, and Portfolio Management, as well as external parties.

As Head of Private Investments Valuation, you will :

Develop, support and enhance our valuation process for private instruments

Perform independent valuations on securities ranging from basic to highly complex instruments such as structured products, private equity, and other assets

Perform hands-on valuation calculations on private credit investments

Analyze market data such as prices, yields, and comparable securities to determine appropriate inputs into valuation models

Document valuation procedures, assumptions, and conclusions clearly and concisely for financial reporting and audit purposes

Interact with third parties, including external valuation experts, traditional pricing vendors and auditors to ensure robust and accurate pricing for portfolio instruments

Support our traditional investment valuation process

Prepare materials and present to the Valuation Committee, Fund Boards of Trustees and other senior committees on valuation matters

These skills will help you succeed in this role

Strong critical thinking, problem solving, and decision-making skills

Private credit expertise : demonstrate knowledge of private credit instruments, structured debt, bank loans, and other illiquid investments

Subject matter expertise of technical accounting standards and generally accepted valuation methodologies for complex and private investments

Proficient with Microsoft Office (Excel, Word and PowerPoint); Skilled in the use of Bloomberg and other market data sources

Education & Preferred Qualifications

Equivalent to bachelor's degree in accounting, Finance, Business or relevant field

7-10 years of experience preparing and / or auditing various types of private security valuations required

5 plus years of hands-on experience valuing private credit

Relevant certifications (e.g., CPA, CFA) a plus

Salary Range :

$130,000 - $205,000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure :

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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