Valuation Team Principal

SUMMARY
As a member of the Valuation Team within GCM Grosvenor’s Finance department, the Principal will focus primarily on valuation functions related to reporting across the firm’s private equity, real estate, infrastructure, illiquid credit, strategic investments, and absolute return strategies.

The Valuation Team manages the periodic financial reporting valuation processes across the firm, including coordination, review, and approval of all investment valuations pursuant to ASC Topic 820.  This function supports consistency in valuation methodology and presentation as well as an independent review of all valuation analyses prepared by the firm with a focus on direct and co-investments.  Responsibilities include guidance on required analysis and documentation as well as education and direction on best practices, policies, and specific valuation matters.  The team also conducts aggregate analyses on the overall portfolios and presents summary valuation conclusions to the firm’s valuation committee.

The role operates in a fast-paced, dynamic environment, so the ideal candidate must be a well-organized, thoughtful team player who operates well under pressure and has excellent analytical and communication skills.

As an onsite/hybrid employee, you are expected to be in the office on Tuesdays, Wednesdays and Thursday. 

RESPONSIBILITIES

• Independent review of illiquid securities valuations on a quarterly basis across the entire capital structure including common equity, preferred equity, senior debt, mezzanine debt, and warrants.
• Execute certain processes surrounding the year end valuation audits, third party valuation reviews, and other various inquiries regarding the firm’s valuation processes and conclusions.
• Conduct aggregate analyses on the overall firm portfolios and assist with the preparation of valuation materials for presentation to the various investment and valuation committees.
• Serving as a centralized resource and subject matter expert for valuation and related information across the firm.
• Assist with the coordination, training, and direction of the investment professionals responsible for valuation preparation.
• Assist with the maintenance and support of the firm’s iLevel cloud-based valuation reporting solution.
• Regularly interact with other groups at the firm including accounting, fund finance, performance reporting, investments, and others.
• Review of the daily valuation process of interval funds managed by GCM Grosvenor, including a daily assessment of the fair value of illiquid infrastructure and private equity investments.
• Coordinating with GCM accounting teams, third-party valuation firm, and fund administrators, to ensure valuations updates are reflected in the daily net asset value of the interval funds.

GENERAL EDUCATION, SKILLS OR EXPERIENCE REQUIREMENTS

• BA/BS in Finance, Economics, or Accounting with outstanding academic credentials is required. A graduate degree in Business, Finance, or Economics would be additive.
• 8+ years of financial reporting valuation experience at an independent valuation services firm, a valuation group within an accounting firm, or an alternative investment firm. Professional certifications are preferred (i.e., CFA, CPA, CAIA, etc.). 
• Alternative investment industry experience, particularly private equity, and an understanding of the concepts and data relating to valuation approaches and methods.
• Strong leadership and communication skills in order to establish trusted relationships across many Firm departments (Corporate Accounting, Fund Accounting and Analysis, Legal, Tax, Human Resources, Corporate Development, Investor Relations) to identify issues, analyze current processes, and implement future changes.
• In-depth knowledge of US GAAP and proficiency in technical accounting research with respect to valuation.
• Demonstrated ability to effectively manage organizational change and cross-collaborate with non-accounting functions.
• Exceptional Microsoft Excel skills and a demonstrated aptitude for quantitative and qualitative analysis are required; high proficiency in Microsoft Power BI is preferred.
• Highly organized and efficient – must be able to process a large volume of information and manage competing priorities with effective detail orientation.
• Ability to operate under pressure and manage to strict deadlines.

In terms of cultural fit, the successful candidate will be self-motivated and energized by working amongst a group of thoughtful, smart, fast-paced and successful colleagues.  He or she will be a naturally collaborative individual who enjoys interacting with individuals at all levels.  Additionally, he or she will be a strong team player with a proactive approach and the ability to take initiative with discretion and judgment.

DIVERSITY, EQUITY & INCLUSION

A diverse, engaged team is critical to our ability to successfully create and deliver value to our clients. We are committed to creating an inclusive environment where diverse professionals can thrive professionally, and we are dedicated to training, retaining, and promoting minorities, women, LGBTQ employees, veterans and individuals with disabilities. Over 55% of GCM Grosvenor employees and 43% of executive management are women and/or ethnically diverse individuals. In addition, we seek to drive a more diverse, inclusive industry through our partnership with diverse professionals organizations and by consciously working with subcontractors and vendors that are certified as minority-, women-, or persons with disabilities-owned businesses.