Highbridge - Illiquid Valuations Specialist - Vice President

Job Description
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

About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.