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Pricing & Valuation Supervisor

Pay Rate:

Job: Operations

Primary Location: IL-Chicago

Schedule: Full-time

Supervises the Valuation group to ensure accurate, efficient and timely execution of the pricing and valuation function. Assists the Manager in oversight, training, mentoring and development of staff. Responsible for providing accurate valuation of all securities held in portfolios and validating any significant market value movements. Prepares periodic and select reports as required. Identifies and makes recommendations for process improvements.

Essential Job Duties & Responsibilities

  • Oversees staff and ensures accurate, efficient and timely execution of the valuation function.
  • Acts as the primary liaison for valuation-related communications with key data vendors and third-party clients.
  • Prepares and reviews monthly and quarterly board material.
  • Prepares and presents monthly Valuation Committee meeting.
  • Mentors employees and provides guidance on how to resolve issues.
  • Leads the department’s training initiatives specific to pricing and fair valuation.
  • Evaluates, redesigns and implements department processes to ensure strong internal controls.
  • Researches and validates all significant market value movements and provides appropriate support.
  • Coordinates active communication with brokers, sub-advisers and vendors to ensure consistent and accurate pricing.
  • Analyzes the pricing process and related systems to determine ways to increase operational efficiencies.
  • Answers inquiries from accounting staff and management on pricing, sub-adviser reconciliation, and security set up issues.
  • Conducts effective analysis and interpretation of market events.
  • Recommends appropriate security fair valuation recommendations to the Valuation Committee.
  • Executes secondary review and oversight of the daily pricing process performed by staff, which includes vendor price challenges of questionable securities prices and fair value analysis, ensuring appropriate valuation of portfolio securities used in the calculation of the Funds’ NAV.
  • Creates fair value and SFAS 157 (Topic 820) documentation for review by the Valuation Manager and the Valuation Committee.
  • Assists the Valuation Manager with all pricing inquiries made by the Funds’ auditors.
  • Researches and resolves ad hoc requests from management and other departments.

Other duties

  • Attends on-site annual due diligence reviews of valuation vendors and other valuation industry conferences, if needed.
  • Other duties as assigned.


Knowledge, Skills & Abilities

  • Excellent knowledge of financial markets and complex equity, fixed income and derivative securities.
  • Solid understanding of accounting principles and procedures.
  • Excellent PC skills including Microsoft Word, Access, Excel and other relevant department software.
  • Must be detail oriented, organized and able to prioritize work to meet stringent deadlines without sacrificing quality, in a fast-paced atmosphere.
  • Excellent written and verbal communication skills.
  • Excellent analytical and problem solving skills.
  • Ability to train and supervise employees.
  • Demonstrates consistent and sound judgment.
  • Knowledge of industry trends and regulation pertaining to the pricing and valuation of portfolio securities.
  • Ability to travel when required.

Education and Experience Required

  • Bachelor’s degree in accounting or finance required. Progress toward Master’s in Finance or Business, or CFA certification preferred.
  • 5 – 8 years of experience in fund or investment accounting or 6+ years of public accounting experience in the financial services arena.
  • Comprehensive SunGard Enterprise experience preferred.
  • Comprehensive Bloomberg experience preferred.

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