Private Debt Valuation

Voya Financial • Atlanta, GA

23h • $145,000 - $165,000

About The Position

As a key leader within Voya Investment Management’s Investment Pricing & Valuation function, this role contributes significantly to the end-to-end valuation framework for private debt investments. The position partners with investment teams, finance, risk, compliance, auditors, and external valuation providers to ensure valuations are well governed, appropriately supported, and aligned with relevant accounting and regulatory requirements.

The role provides valuation oversight for private debt and other complex or illiquid credit instruments, including commercial mortgage loans, infrastructure debt, and asset-based finance. It evaluates valuation methodologies, assumptions, inputs, and conclusions; oversees exceptions, price challenges, back-testing, and calibration; and maintains documentation supporting valuation conclusions and governance decisions.

The position serves as Voya’s senior technical counterpart to external valuation providers, conducting due diligence, reviewing methodologies and models, monitoring provider performance, and leading resolution of significant valuation differences. It also develops valuation policies and governance processes, identifies risks and control improvements, presents matters to committees and senior stakeholders, and responds to audit, regulatory, client, and due diligence inquiries.

The role leads and mentors valuation professionals, partners across business and control functions, and serves as the primary liaison for private debt valuation matters with auditors and clients. It supports the evolution of the private debt valuation operating model and drives process improvement, automation, AI initiatives, and enhancements to valuation reporting and controls.

The expected annual base salary range is $145,000–$165,000 USD. Voya also offers incentive opportunities based on the role. Actual compensation may vary based on factors including location, experience, education, licensure, and skill level.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, Mathematics, or a related field.
• At least 8 years of experience in valuation, valuation advisory, credit analysis, audit, risk management, or related fields, with deep knowledge of financial metrics, capital structures, and financial statements.
• Strong knowledge of ASC 820 Fair Value Measurement, SEC Rule 2a-5, and valuation practices for illiquid credit investments.
• Experience applying valuation methodologies such as discounted cash flow (DCF), comparable company analysis, and precedent transaction analysis.
• Demonstrated ability to review, understand, and challenge complex valuation models and methodologies.
• Strong project management skills and understanding of internal business controls.
• Sound independent judgment in complex valuation scenarios requiring significant professional judgment.
• Prior experience leading teams and developing investment or valuation professionals.
• Excellent written and verbal communication skills, including experience presenting valuation matters to senior management, valuation committees, auditors, and clients.
• Experience working with auditors and third-party service providers, including pricing vendors and administrators.
• Highly organized and detail-oriented, with a strong control mindset and focus on accuracy and risk management.
• High level of ethics, values, and integrity.

Nice To Haves

• Experience with private credit, commercial mortgage loans, infrastructure debt, asset-based finance, or other specialty credit sectors.

Responsibilities

• Apply valuation expertise to private debt, commercial mortgage loans, infrastructure debt, asset-based finance, and other complex or illiquid credit instruments, evaluating contractual cash flows, capital structures, credit spreads, liquidity, default risk, recoveries, and collateral.
• Review and challenge valuation methodologies, assumptions, inputs, and conclusions to support well-reasoned fair value determinations.
• Oversee valuation exceptions, price challenges, back-testing, calibration, and other valuation review activities.
• Maintain clear, defensible documentation supporting valuation conclusions and governance decisions.
• Serve as the senior technical counterpart to external valuation providers, critically evaluating methodologies, models, market evidence, and conclusions, and leading resolution of significant valuation differences.
• Conduct provider due diligence, methodology reviews, performance assessments, and ongoing monitoring.
• Evaluate external-provider valuation approaches and models, including discounted cash flow, market, transaction, and yield-based methodologies.
• Challenge valuation outcomes, assumptions, or methodologies that appear inconsistent with market conditions or available evidence.
• Develop and evolve valuation policies, procedures, governance forums, and escalation processes.
• Identify valuation risks and control enhancement opportunities and help implement sustainable solutions.
• Prepare materials and present valuation matters to valuation committees, senior management, auditors, and other stakeholders.
• Provide subject-matter oversight for the use of private debt fair values across accounting, investment book of record, NAV, and client-reporting processes.
• Respond to audit, regulatory, client, and due diligence inquiries related to private debt valuation.
• Lead, develop, and mentor valuation professionals while promoting quality, accountability, and execution.
• Partner with investment teams, accounting, operations, technology, legal, compliance, and risk functions on valuation matters and business initiatives.
• Serve as the primary liaison for private debt valuation matters with auditors and clients.
• Support the evolution of Voya IM’s private debt valuation operating model.
• Drive process improvements, automation and AI initiatives, and enhancements to valuation reporting and controls.
• Monitor industry practices, valuation methodologies, and regulatory developments that may affect private debt valuation.

Benefits

• Health, dental, vision, and life insurance plans.
• 401(k) savings plan with company matching contributions up to 6%.
• Employer-paid Voya Retirement Plan cash balance plan (4%).
• Tuition reimbursement up to $5,250 per year.
• Paid time off, including 20 days of PTO, nine paid company holidays, and a flexible Diversity Celebration Day.
• 40 hours of paid volunteer time per calendar year.
• Incentive opportunities, such as annual cash incentives, sales incentives, and/or long-term incentives, based on the role.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior