Senior Manager, Valuation

The opportunityReporting to the Director, Valuation, the Senior Manager will be responsible for the execution of OTPP's semi-annual private investment valuation processes, for the purpose of OTPP's mid-year and year-end financial statement reporting. Private portfolio investments asset classes include private equity, infrastructure, natural resources, venture capital, real estate, and private credit. This position will also actively involve training and reviewing the work of junior staff.Who you'll work with
You work cross-functionally with internal and external partners within OTPP.What you'll do
Lead the planning and execution of the mid-year and year-end valuation processes during peak periods, including:
Prepare and lead all aspects of the review of "fair value" valuations prepared by OTPP's Investment teams including the preparation of analysis and summary memorandums in respect thereofDevelop an appropriate understanding of the assigned investments and remaining current on individual investment developments through participation in Investment team portfolio monitoring meetings and/or site visits with company managementReview the fair value valuations prepared by external valuation agentsDevelop recommendations of fair value to be used for the purposes of OTPP's financial statementsSupport the Director, Valuation in the development, tracking and reporting of plans and timelines to ensure an effective and efficient valuation processDevelop the standards for reviews and the corresponding processes to be followed by the staff involved in the valuation processRespond to queries/information requests from OTPP's external auditors with respect to the private investment valuationsCommunicate noted issues and generate solutions with respect to the valuation process or specific investment valuations to the Director, Valuation on a timely basisContribute to OTPP board reporting with respect to the results of the mid-year and year end private investment valuation processesContribute to ad-hoc projects supporting the execution of the broader Finance division strategy
Work with the Investment Division with respect to the valuations, including:
Coordinating processes and deliverables to facilitate the execution of a smooth mid-year and year-end valuation processEnsure outstanding service is provided to the Investment Division with respect to private investment valuationsRespond to inquiries and requests from the Investment Division including consultation on new transactions where required
Manage external advisor involvement in the mid-year and year-end valuation process, including:
Develop recommendations on the nature and use of external advisors including the selection of specific advisors and the scope of their reviewLead the entire process around the use of external advisors including:
Execution of terms of engagement with specific advisorsEstablishing timelines, deliverables and reporting processes for external advisorsEnsuring internal information required by external advisors is provided by both the Investment Division and Finance in accordance with established timelinesSupervising and reporting on progress of external advisor deliverables and associated costsReview and incorporation of external advisor recommendations/findings into OTPP's recommendations on fair value
Ensuring outstanding service is provided by external parties
Training, mentoring and Supervision of junior staff, including:
Actively participating in the hiring of junior staff and co-op studentsDevelop training material and provide on the job mentoring and train junior staff with respect to valuation standards, practices, and internal process requirements to ensure the execution of effective and efficient valuation processes
Ensure OTPP's valuation policies and practices remain best practice, including:
Review and monitor external valuation standards and practicesBe involved in the annual review and update of OTPP's valuation policies including recommending changes based on changes in standard methodology valuation guidelines and practicesPrepare any required OTPP board reporting with respect to any recommended process or policy changesThe nature of the relationship with partners requires a high degree of integrity, diplomacy, persuasiveness and the ability to defend one's position and to be able to influence consensus towards the final conclusionThere is a high degree of decision making and discretion
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