Highbridge - Illiquid Valuations Specialist - Vice President

About Highbridge Capital Management

Highbridge Capital Management, LLC, founded in 1992, is a global alternative asset management firm. Over the years, it has developed a diversified investment platform that includes hedge funds, co-investment vehicles, and committed, closed-end vehicles designed for longer-term holding periods.

Today, Highbridge distinguishes itself as a credit, relative value and volatility-focused franchise, with the flexibility to invest opportunistically across the capital structure and liquidity spectrum. Currently managing over $4 billion in capital, the firm strives to generate attractive risk-adjusted returns for a financially sophisticated clientele, including institutional investors, public and corporate pension plans, sovereign wealth funds, endowments, foundations, and family offices. Headquartered in New York, Highbridge also operates an office in London.

J.P. Morgan Asset Management, a leading global alternatives manager, is seeking a valuations specialist for Highbridge Capital Management's Controllers team. The specialist will leverage our robust alternative investment strategies, including real estate, private equity, and credit, to deliver uncorrelated returns. The role involves daily internal fair valuation of all fund investments, from liquid products to private equity and illiquid credit investments. The specialist will also ensure accurate financial reporting and adherence to Highbridge’s Investment Valuation Policy. This is a unique opportunity to work with a specialized team and tailor alternative portfolios to client needs.

As an Illiquid Valuations Specialist - Vice President within Highbridge’s Controllers team, you will be responsible for the daily internal fair valuation of all fund investments, ranging from the most liquid, listed products to private equity and illiquid credit investments. You will utilize industry standard valuations techniques to ensure accurate fair value and financial reporting. You will also ensure the accuracy of overall fund/investment portfolio daily P&L and balance sheet, and ensure adherence to Highbridge’s Investment Valuation Policy.

Job Responsibilities

• Responsible for performing valuation analysis of investments using various valuation methodologies, such as discounted cash flow (DCF) analysis, market multiples, and precedent transactions, to determine fair value
• Collect and review financial data, including, but not limited to, financial statements, company filings, and board presentations to support fair valuation of illiquid/private investments
• Engage with the HCM Investment Team on valuation methodology, and liaise with a third-party service provider engaged to perform independent investment valuation for all Level 3/private investments
• Prepare valuation reports and other materials to present to HCM’s Valuation Committee
• Daily valuation of the HCM funds’ more liquid investment portfolio.  Investment types will span fixed income, equity, and derivatives asset classes, including but not limited to convertible securities, corporate bonds, loans (private and syndicated), preferred equity, common equity, options, warrants, SPACs, and various types of interest rate and credit derivatives
• Reconciliation of daily P&L between shadow books and records and front office P&L tools
• Liaise with Middle Office on any P&L issues that arise and with third party software providers on any systems or software-related issues, specifically pertaining to Highbridge’s shadow books and records
• Perform month-end portfolio market value reconciliation to Fund Administrator reporting. Work with Fund Administrator staff on resolving all pricing/P&L issues that may arise
• Work closely with Fund Accounting colleagues on NAV finalization
• Handle ad-hoc requests on a daily basis.

Required Qualifications, Capabilities and Skills 

• At least 8 years of post-graduate work experience in a financial related capacity is required,
• Strong knowledge of financial products (i.e- equities, options, warrants, futures, corporate bonds, convertible bonds, credit derivatives, term loans, etc.) and investment valuation is required
• Experience dealing with audit teams and working through the annual audit process is required
• Detail-oriented with excellent quantitative, analytical, and problem-solving skills
• A self-starter that can hit the ground running and contribute to the team quickly
• Strong communication skills, both oral and written, with the ability to develop strong working relationships with colleagues and third-party service providers
• Strong working knowledge of and experience with Bloomberg and Microsoft products (Excel and Word).

Preferred Qualifications, Capabilities and Skills 

• Preferably with experience in a similar role at a broker/dealer or asset management firm