The Valuation Senior Associate is responsible for valuing and reviewing valuations for select public and private fixed income and/or equity holdings. Under limited supervision, this job works independently on projects and processes related to one or multiple of the following portfolios: bonds, equities, commercial mortgages, commercial real estate, real assets, private equity and derivatives. This job also monitors third-party providers and pricing, along with consistently maintaining updated knowledge of market conditions and fundamentals.Key Responsibilities and Duties
Develops valuation models of private and public investment portfolio holdings while also monitoring and challenging third-party or General Partner valuations based on supporting data.
Conducts and reviews variance analysis of portfolio valuations used to identify mass-priced holdings to determine the source and potential risk of variance, and to develop plans to address impact of variance in reporting.
Prepares and delivers requested valuations and pricing solutions to internal clients, auditors and regulators while maintaining frequent communication with internal and external auditors in an effort to mitigate any potential risk facing the organization.
Conducts independent research to develop and maintain a broad understanding of current and future macro and micro market conditions and market fundamentals that may impact pricing and valuations.
Develops and updates processes and procedures that incorporate the required level of controls and reduce potential risk, while delivering well-supported valuations and credit losses as required for respective accounts.
Determines an estimate of fair market pricing when third party pricing is unavailable or deemed unreasonable.
Educational Requirements
University (Degree) Preferred
Work Experience
3+ Years Required; 5+ Years Preferred
Physical Requirements
Physical Requirements: Sedentary Work
Career Level7ICREQUIRED EXPERIENCE:
3+ years of experience with Valuations, Accounting (Financial Analysis, Income Statements or Balance Sheets) or Asset Management Required
PREFERRED EXPERIENCE:
5+ years of experience with Valuations, Accounting (Financial Analysis, Income Statements or Balance Sheets) or Asset Management Preferred
Bachelor’s degree in Accounting or Finance
CFA accreditation or progress towards attaining the designation
Experience working within a Financial Institution
Private equity, renewable energy, or private company business valuation experience
Experience with Asset Valuation and/or Asset/Investment Modeling
#LI-CS1Related SkillsAccountability, Analytical Skills, Asset/Investment Modeling, Asset Valuation, Communication, Conflict Management, Critical Thinking, Due Diligence, Financial Markets, Market/Industry DynamicsAnticipated Posting End Date:2024-06-01Base Pay Range: $84,000/yr. - $127,000/yr.Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).Company OverviewNuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.comBenefits and Total RewardsThe organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .Equal OpportunityWe are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .Accessibility SupportTIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:Phone: (800) 842-2755Email: [email protected] NoticesFor Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .For Applicants of Greenwood residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-privacy) .For Applicants of Greenwood residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-portuguese-privacy) .For Applicants of Westchester residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-privacy) .For Applicants of Westchester residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-portuguese-privacy) .TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .
For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .
For Applicants of Greenwood residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-privacy) .
For Applicants of Greenwood residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-portuguese-privacy) .
For Applicants of Westchester residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-privacy) .
For Applicants of Westchester residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-portuguese-privacy) .
Nondiscrimination & Equal Opportunity EmploymentTIAA is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.EEO is the Law (https://assets.phenompeople.com/CareerConnectResources/TIAAGLOBAL/documents/22-088EEOCKnowYourRights-1688394514088.pdf)Pay TransparencyPhiladelphia Ban the Box (https://www.phila.gov/media/20210423160847/Fair-Chance-Hiring-law-poster.pdf)