State Street Global Advisors – Head of Private Valuation, VP II

The Global Funds Management (“GFM”) team within State Street Global Advisors drives sound fund oversight programs across our funds and services. GFM’s Valuation Oversight Team is looking for a Head of Private 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. 

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements. 

As Head of Private 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 

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street Global Advisors