Experienced Financial Analyst, Portfolio Valuation and Fund Advisory Services (Complex Securities) - Multiple Locations

Hogan Lovells•Boston, MA

20d•$75,000 - $120,000

About The Position

Houlihan Lokey, Inc. (NYSE:HLI) is a leading global investment bank providing strategic and financial advice. The Financial and Valuation Advisory practice is one of the largest worldwide, offering services including Transaction Opinions, Fund Opinions, Transaction Advisory Services, Corporate Valuation Advisory Services, Portfolio Valuation, Real Estate Valuation and Advisory Services, and Dispute Resolution Consulting. Within the Portfolio Valuation Complex Securities practice, clients include large hedge funds, private equity funds, direct lending funds, and business development companies. The firm advises on the valuations of illiquid debt, equity, and complex securities for investor and regulatory financial reporting. Financial Analysts are integrated members of engagement teams, working with professionals on various business issues. This role focuses on Complex Securities, utilizing sophisticated models for valuing securities with complex structures. The position offers exposure to diverse financial and valuation challenges, including valuing complex businesses, securities, and transaction structures. Analysts will research financial markets data, financial statements, industry conditions, and investment attributes of securities. They will also develop financial models, draft client deliverables, present analyses, interact with clients, and participate in marketing efforts.

Requirements

Minimum of one year of work experience at an accounting or valuation firm in a valuation capacity.
Bachelor’s degree in Finance, Accounting, Business, or Applied Economics
Strong analytical abilities.

Nice To Haves

Previous working experience in financial reporting valuation, especially complex securities
Master’s degree in a quantitative discipline (e.g., finance, statistics, mathematics, economics, engineering).
Strong knowledge of financial instruments, derivative valuation theory, and statistical methods.
Experience in valuing financial instruments with non-linear payoffs—including convertible bonds, warrants, derivatives, earn-outs, and complex capital structures—using closed-form solutions, binomial lattices, and Monte Carlo simulations in Python, R, or MATLAB.
Strong analytical abilities including demonstrated ability to build complex numerical models using coding technics to value varied derivatives.
Demonstrated history of building and improving models and processes to automate routine calculations using Python and VBA.
Proficiency in working with large data sets, performing statistical analyses in Python, and presenting results using data visualization tools.
Strong problem-solving skills and the ability to work through complex financial models to determine the key assumptions, implicit caveats and limitations.
Strong knowledge of Excel, Python and other related tools used to build valuation models.
Excellent verbal and written communication skills; ability to prepare reports and presentations to team and clients, including graphic and written sections.
Demonstrated ability to work cooperatively with team members.
Ability to work independently in a fast-paced environment.
An exceptional work ethic and attention to detail
Ability to manage multiple projects and interact with clients and internal management.
Knowledge of and experience with statistical packages and data sources such as Python, R, VBA, Excel, Microsoft Office, Fincad, CapitalIQ, Refinitiv, and Bloomberg

Responsibilities

Analyzing and valuing various derivatives, structured products, loans, private equity, and other illiquid securities.
Determining relevant valuation assumptions based on historical performance, collateral type, and economic scenarios.
Utilizing various accepted financial models, including guideline companies and guideline transactions, discounted cash flows, and Black-Scholes models and extensions, solved with lattice models or simulation analysis, and other such frameworks to derive value indications.
Performing market research; calibrating proprietary valuation models to incorporate market-based assumptions, including home price appreciation, prepayment rates, and foreclosure timelines.
Reviewing and compiling published financial information, such as industry research reports, remittance data, and Bloomberg data across a wide range of asset classes.
Assisting in the preparation of client deliverables including pitch materials and information requests.
Participating in due diligence meetings/discussions and assisting in responding to auditor questions regarding valuation analyses prepared by Houlihan Lokey.
Participating in presenting valuation analyses and conclusions internally to review committees, externally to our clients’ senior management and boards of directors, and to fiduciaries.
Performing financial-statement and other quantitative and qualitative assessments as required.
Researching and providing initial draft on (a) general economic conditions, (b) industry-specific conditions and trends, and (c) various investment attributes of illiquid securities.
Assisting with sales and marketing initiatives for prospective and existing clients.
Performing other ad-hoc research, analytics, and support for the FVA project teams as required.