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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Chicago, Illinois

Salary: $100K - $225K

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

OVERVIEW

The Private Credit Valuation Analyst candidate will play a lead role in all aspects of private credit valuation. The candidate will assist in designing and implementing valuation policies and procedures, in addition to analyzing complex private and illiquid credit securities to determine fair valuation. The determination of the fair value will require gathering and disseminating company financial information, performing primary fundamental research and analysis, reviewing third-party valuation recommendations, presenting recommendations to the Pricing Committee, and communicating recommendations to internal and external clients.

 

The ideal candidate is highly knowledgeable of the securities industry, has extensive credit analysis experience within the fixed income/private credit asset class, has a strong understanding of financial statement analysis and valuation methodologies, has a track record and desire to design and implement valuation processes and policies, and works well independently as well as part of a team. The candidate should have either a CFA or MBA designation or should be working toward it.

 

RESPONSIBILITIES

  • Primary valuation coverage of 50+ credit investments (IG Private placements, Venture Debt, Direct Lending)
  • Perform independent valuation analysis that involves:
    • Successful collaboration with and oversight of third-party providers on all outsourced valuations
    • Reviewing various legal documents (Credit Agreements, SPAs, Charters, ROFRs, M&A filings) to ensure rights, terms, and preferences of securities are reasonably and adequately valued
    • Building comprehensive/corroborating valuation models based on primary fundamental research, company financials, quarterly board presentations, management calls, etc.
    • Attending relevant company meetings and industry conferences
    • Conducting market research and analyzing industry trends
  • Leadership role in designing and implementing valuation processes and procedures for the private credit asset class
  • Significant interaction and engagement with Wellington investors, sector specialists, portfolio company management teams, and auditors
  • Additional private equity coverage across various sectors and industries may be applicable
  • Prepare, review, and present fair value recommendations, valuation policies, and company updates to members of the Internal Independent Valuation Committee/Pricing Committee
  • Collaborate with various groups throughout the firm including: portfolio managers, fixed income traders, industry analysts, internal counsel, global relationship management, securities valuation team, and the alternatives/hedge fund administration group
  • Research and resolve client inquiries timely, thoroughly, and accurately
  • Stay abreast of SEC and regulatory fair value requirements

 

QUALIFICATIONS

  • 8+ years of applicable industry experience including company valuation and credit analysis
  • Superior understanding of financial statement analysis and valuation methods
  • Advanced knowledge of fixed income and equity instruments, experience within the private credit asset class a plus
  • Strong desire to design, improve, and enhance valuation and control processes
  • Exhibits a proactive approach to problem identification and resolution
  • Thoroughness, attention to detail, and the ability to think and work independently and within a team environment are a must
  • Strong analytical, prioritization and multi-tasking skills
  • Demonstrated ability to be flexible, self-directed, and think outside the box
  • Excellent verbal and written communication skills
  • Designation of or demonstrated progress toward CFA or MBA strongly preferred
  • Experience with market data providers such as Bloomberg, Markit, FactSet, CapIQ

 

 

 

Not sure you meet 100% of our qualifications?  That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

 

 

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com.

 

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:

USD 100,000 – 225,000

This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

 

Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families.  Examples of our benefits include retirement plan, health and wellbeing, dental, vision, pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)