Manager, Valuations US

AustralianSuper is the largest superannuation fund in Australia -- in the top 20 largest funds globally and top 50 asset owners globally. With more than US $230 billion in current assets under management, and a world-class investment team, AustralianSuper has the appetite and capability to directly invest in large-scale opportunities. Our New York office is made up of more than 75 colleagues and is expected to grow significantly over the next few years, so when you join, you become a key part of building our culture. **Your new role** Recognising the growing size and complexity of AustralianSuper’s investment portfolio, the Fund has established a Global Valuation function. This function aims to enhance our valuation policies and processes for all investment assets, as well as manage the valuation program for the Fund’s internally managed unlisted investments. Whilst your focus will be US based investments, you will be part of a Global Valuation team which operates in Australia and London. As a Manager of the Valuation team, you will assist with the development of the valuation governance framework including policy, procedures and controls, across a wide variety of asset classes and types. Working alongside our portfolio management teams, you will also be responsible for managing the independent valuation process, reviewing the valuation reports and valuation analyses for select assets in a global portfolio of totalling ~$35b (and growing) including Private Equity, Private Credit and Infrastructure. You may also be required to prepare internal valuations. You will also oversee externally managed investments, especially in Private Equity and Private Credit. This is a newly created position, that is based on-site at 1251 Avenues of the Americas, with a hybrid work schedule. **Key Responsibilities** **Functional Overview** - Manage the valuation of unlisted assets (performed internally or externally) on an annual, semi-annual or quarterly cycle. Activities include provision of information, facilitation of stakeholder meetings, reviewing draft independent valuation reports or internal valuation analyses, financial model checks, verifying accuracy of inputs, assessing the reasonableness of key assumptions and methodologies, performing valuation cross-checks and documenting the appropriateness of the final value. - Manage valuation risk by ensuring valuation conclusions are appropriate and ensure we have robust documentation including drafting reports and memos to support our valuation conclusions. - Contribute to the development, refinement and implementation of appropriate valuation control processes and documentation for the ongoing review of the value of unlisted investments. Monitor ongoing performance of unlisted assets and the markets within which they operate with a view to flagging out of cycle valuations. - Manage the composition of the Fund’s panel of valuers including co-ordinate RFPs for new assets or when rotation is required, including engaging valuers and negotiating terms. - Proactively liaise with Asset Class teams, Portfolio Management teams and other teams on valuation matters. - Contribute to the development of the Valuation Team’s global strategic direction and build out, identifying issues and recommendation of solutions. - Prepare and/or contribute to papers prepared for various committees and stakeholders (e.g. Finance and Audit Committee, Board, Portfolio teams etc). - Support the Fund’s audit processes including addressing issues arising out of audit findings as they relate to valuations. - Support the Fund’s regulatory obligations as well as the evolution of responsibilities. - Address matters arising from a variety of internal (asset teams, various committees etc) and external stakeholders (auditors, regulators etc) as they relate to valuation processes generally. - Ensure the Fund’s Valuation Policy and Standard is current and fit for purpose having regard to the Fund’s investment activity and broader i…