Private Debt Valuation

Voya Financial • Atlanta, GA

6d

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. It partners closely with investment teams, finance, risk, compliance, auditors, and external valuation providers to help ensure valuations are well governed, appropriately supported, and aligned with relevant accounting and regulatory requirements.

The position provides valuation oversight for private debt, commercial mortgage loans, infrastructure debt, asset-based finance, and other complex or illiquid credit instruments. It challenges valuation methods, assumptions, inputs, and conclusions; oversees valuation exceptions and review activities; and maintains clear documentation supporting valuation conclusions and governance decisions. The role also serves as a senior technical counterpart to external valuation providers, conducting due diligence and ongoing monitoring and helping resolve significant valuation differences.

The position develops and evolves valuation policies, procedures, governance forums, and escalation processes; identifies valuation risks and control improvements; and presents valuation matters to committees, senior management, auditors, clients, and other stakeholders. It leads and develops valuation professionals, partners across business and control functions, supports the evolution of the private debt valuation operating model, and drives process improvements, automation, AI initiatives, and enhancements to reporting and controls. The role monitors industry practices, valuation methodologies, and regulatory developments relevant to private debt valuation.

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.
• 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.
• Experience working with auditors and third-party service providers, including pricing vendors and administrators.

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 and defensible documentation supporting valuation conclusions and governance decisions.
• Serve as the senior technical counterpart to external valuation providers for illiquid assets; critically evaluate methodologies, models, market evidence, and conclusions and lead resolution of significant valuation differences.
• Conduct provider due diligence, methodology reviews, performance assessments, and ongoing monitoring.
• Evaluate external providers’ 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 private debt fair values used in 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 high standards of quality, accountability, and execution.
• Partner with investment teams, accounting, operations, technology, legal, compliance, and risk functions to address valuation matters and support 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 retirement plan (4%).
• Tuition reimbursement up to $5,250 per year.
• 20 days of paid time off, nine paid company holidays, and a flexible Diversity Celebration Day.
• 40 hours of paid volunteer time per calendar year.
• Incentive opportunities, which may include annual cash incentives, sales incentives, and/or long-term incentives, based on the role and achievement of annual performance objectives.

What This Job Offers

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