Senior Valuation Associate

Alternate Locations: Radnor, PA (Pennsylvania); Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Omaha, NE (Nebraska)

 

 Work Arrangement:

Hybrid : Employee will work 3 days a week in a Lincoln office

 

Relocation assistance:  is not available for this opportunity.

 

Requisition #: 75697

 

The Role at a Glance

We are seeking a Senior Valuation Associate to lead the fair value oversight process for Level 3 investments across our family of closed end funds. This role will take ownership of the various valuation methodologies employed, engage directly with our sub-advisers, auditors, valuation providers, and help guide internal valuation policy.

This position is ideal for someone with deep ASC 820 valuation expertise and strong experience in private credit and/or intellectual‑property‑based cash‑flow valuation.

What you'll be doing

•Own and lead the valuation model oversight process for private credit and royalty assets, among other private asset classes
•Conduct advanced valuation analyses including DCF, credit yield, market approaches, and optionality frameworks (e.g., OPM, PWERM)
•Perform independent price validation and challenge assumptions provided by sub-advisers
•Prepare and present materials to the Valuation Committee
•Manage relationships with sub-advisers and external valuation firms; review and challenge their analyses
•Serve as the primary point of contact for auditors during valuation testing
•Oversee and improve valuation models, templates, and documentation standards
•Mentor junior staff and support team development
•Interpret credit agreements, royalty contracts, waterfalls, and performance analytics to support valuation conclusions
•Identify and implement process improvements for the valuation cycle

What we’re looking for

Must-haves:
•5–7 years of valuation experience (i.e. fund valuation, valuation consulting, Big 4 valuation practice, private credit, PE, or similar)
•Experience with various valuation models including but not limited to income-based approach (DCF, yield analysis), market-based approach (comps, transactions), option-pricing and waterfall models for structured credit and royalty valuation methods
•Expertise in ASC 820 fair value and investment company reporting
•Strong track record interacting with auditors and valuation specialists
•Understanding of private credit or intellectual‑property‑based cash‑flow valuation/royalty valuation
•High proficiency in Excel and complex financial modeling
•Strong writing and ability to produce executive ready valuation memos

Nice-to-haves:
•Prior experience leading or managing valuation processes
•Professional credentials: CFA, ASA, CPA (or progress toward them)
•Familiarity with structured credit, optionality modeling, and probabilistic cash flow frameworks

Application Deadline

Applications for this position will be accepted through April 30th, 2026 subject to earlier closure due to applicant volume.

 

What’s it like to work here?

At Lincoln Financial, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future. 

 

What’s in it for you:

• Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes

• Leadership development and virtual training opportunities

• PTO/parental leave

• Competitive 401K and employee benefits

• Free financial counseling, health coaching and employee assistance program

• Tuition assistance program

• Work arrangements that work for you

• Effective productivity/technology tools and training

 

The pay range for this position is $108,501 - $195,900 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location,