Senior Manager, Private Company Valuation

T. Rowe Price • Baltimore, MD

8d • $133,000 - $284,000 • Hybrid

About The Position

We are seeking an adaptable and innovative Senior Private Company Valuation Manager to lead the successful management and execution of diverse projects with moderate to high risk and complexity. This role will focus on valuing private equity and private credit positions held by T. Rowe Price's funds.

Requirements

• Bachelor's degree or the equivalent combination of education and relevant experience AND 8+ years of total relevant work experience.

Nice To Haves

• Experience in valuing private equity and private credit securities, and analyzing complex capital structures associated with PE/VC transactions.
• Strong knowledge of both theoretical and practical valuation concepts and standards including equity, debt, and firm level invested capital analysis and familiarity with valuation guidelines including the Accounting and Valuation Guide (Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies) published by the AICPA strongly preferred.
• Identifying, reviewing, and integrating relevant information from a variety of sources and developing the complex financial models required to assess values of businesses in various (including early) stages of their life cycle. Experience with highly valued technology, biotech, and/or pre-revenue companies is a plus.
• Preferably, candidates will have at least one valuation related credential such as; Chartered Financial Analyst Designation (CFA); Certified Public Accountant Accredited in Business Valuation (CPA/ABV); Certified Valuation Analyst (CVA); or Accredited Senior Appraiser (ASA). CFA Charter holder’s designation strongly preferred.
• Desire to work in a middle-office environment supporting a fast-paced investment process.
• Experience with Excel models and analytical/research tools such as Bloomberg, FactSet, or S&P Capital IQ

Responsibilities

• Through collecting a mosaic of information, the responsibility of the associate is to calculate, monitor, and communicate valuations of private company investments. It will also be expected that the professional is comfortable defending the principles employed and decisions made in the valuation recommendation. The valuation process includes spending time reviewing company and industry backgrounds, available financial information, internal projections, management projections, and/or financial market inputs. Analysis and inputs used will include prior transaction values, comparable company valuation analysis, comparable transaction valuation analysis, and/or discounted cash flow (DCF) models. Ultimately, the work product needs to produce a conclusion of value and be audit ready relying on accepted standard valuation approaches and with a synthesized and documented valuation conclusion.
• Ability to handle and debate common valuation challenges arising from our private company investments. For example, this may include any discounts for lack of marketability, and interpreting the impact of preference terms, “ratchet” rights, treatment of stock-based compensation, or other deal specific differentiating features of private company transactions.
• As a subject matter expert on our valuation process, it is expected that the individual will be able to operate within the framework of the role independently and initiate suggestions or improvements to the process when appropriate. The role could also include participation in presentations, conferences, or meetings to improve and communicate our private company valuation process.

Benefits

• Competitive compensation
• Annual bonus eligibility
• A generous retirement plan
• Hybrid work schedule
• Health and wellness benefits, including online therapy
• Paid time off for vacation, illness, medical appointments, and volunteering days
• Family care resources, including fertility and adoption benefits

What This Job Offers

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