Manager, Valuation

The opportunity

The Manager, Valuation is responsible for the execution of OTPP’s semi-annual private investment valuation processes, for the purpose of OTPP’s mid-year and year-end financial statement reporting. Private portfolio investments asset classes include private equity, infrastructure, natural resources, venture capital, real estate, and private credit.

Who you'll work with

Reporting to a Senior Manager, Valuations, you will work independently in the preparation of private investment valuations and other deliverables within the Finance, Valuation team.

What you'll do

1. Supporting the planning and execution of the mid-year and year-end valuation processes during peak periods.- Help prepare and be responsible for the review of “fair value” valuations prepared by OTPP’s Investment teams including the preparation of analysis and summary memorandums in respect thereof- Review the fair value valuations prepared by external valuation agents- Help develop recommendations to be used for the purposes of OTPP’s financial statements- Support the development, tracking and reporting of plans and timelines to ensure an effective and efficient valuation process- Assist in developing the standards for reviews and the corresponding processes to be followed by the staff involved in the valuation process- Assist with responding to queries/information requests from OTPP’s external auditors with respect to private investment valuations- Communicate noted issues with respect to the valuation process or specific investment valuations to management on a timely basis- Assist in the preparation of OTPP board reporting with respect to the results of the year end and mid-year private investment valuation process- Build rapport and work cross-functionally with members of other OTPP groups, including Risk Analytics, Tax, Financial and Management Reporting, Private Asset Operations, Strategy and Risk, and Data Management in sharing information generated and reviewed by the valuation team- Contribute to ad-hoc projects supporting the execution of the broader Finance division strategy

2. Assist with the interfacing with the Investment Division with respect to the valuations including:
- Help coordinate processes and deliverables to facilitate the execution of a smooth mid-year and year-end valuation process- Help ensure outstanding service is provided to the Investment Division with respect to private investment valuations- Help respond to inquiries and requests from the Investment Division including consultation on new transactions where required- Support the management of OTPP’s use of external advisors employed in the private investment process and the management of the corresponding relationships- Ensuring internal information required by external advisors is provided by both the Investment Division and Finance in accordance with established timelines- Monitoring and reporting on progress of external advisor deliverables- Critiquing external advisor reports in ensuring their findings are reflective of standard methodologies and are consistent with the definition of fair value- Review and incorporate external advisor recommendations/findings into OTPP’s conclusions- Communicate of issues noted to the managers, where vital, on a timely basis- Help ensure outstanding service is provided by external parties

3. Help ensure OTPP’s valuation policies and practices remain best practice- Assist in the review of internal methodologies and processes for assigned investments with a view of continuous improvement in execution- Monitor external best practice standards (e.g. IPEV Valuation Guidelines) and practices- Support the annual review and update of OTPP’s private investment valuation policies including recommending changes based on changes in standard methodology valuation guidelines and practices- Help prepare any required OTPP board reporting with respect to any recommended policy changes

4. There is a moderate/high degree of decision making and discretion required in this role. Often required to manage multiple competing priorities- This position serves as a direct resource to the Senior Manager and is encouraged to make standard operational decisions. On complex issues, you are expected to have fully researched the issues, provide recommendations, and an implementation plan to the Senior Manager.

What you'll need- Relevant university degree- A professional accounting designation is an asset- A Chartered Business Valuator (“CBV”) designation or working towards CBV is preferred- A Chartered Financial Analyst (“CFA”) designation or working towards CFA in an asset-
- Analytical Thinking and Financial Modelling Skills - Strong analytical thinking, variance analysis, and financial/cash flow modelling skills are important to the execution of the valuation review process. Having a comfort level in reviewing large and sophisticated financial models is important.- Organization Skills - OTPP’s valuat