Manager, Pricing & Valuation

Virtus is dedicated to the success of employees and helping everyone on our team achieve their goals.

We are a dynamic, fast-growing organization with the resources of a large firm and the innovative environment of an entrepreneurial company that promotes collaboration and employee engagement. Every member of our team is empowered to make a tangible impact in offering clients high-quality investment strategies to meet their financial needs and delivering value for our shareholders.

We are an organization where employees can thrive personally and professionally. Professional development opportunities help employees enhance their skills and grow in their careers. Meaningful financial rewards and a comprehensive package of benefits support employees at every stage of life and encourage work-life balance, and physical, emotional and mental well-being.

We believe in the value of a diverse, inclusive, and respectful work environment and are committed to making a positive impact in the communities where we live and work.

The Manager, Pricing & Valuation position will have primary responsibility for complex security financial modeling, both internally as well as review of those performed by third-party valuation vendors, for Virtus’ registered products including mutual funds, ETF, and UCITS/QIFs. The position will be part of the Pricing & Valuation team of Virtus Fund Services, whose responsibility is to ensure security valuations are complete and accurate in the daily NAVs. The position will also assist in the design and implementation of the valuation control structure overseen by Virtus Fund Services subject to regulations of the Investment Company Act of 1940.

Primary Job Responsibilities:

• Responsible for working with third-party pricing vendors and sub-advisors to create appropriate valuation models for complex instruments not listed on an exchange that will be used in the daily fund NAVS.
• Responsible for documenting and testing pricing vendor methodologies and monitoring, testing, and reporting on changes in those methodologies as required by the SEC rule 2a-5 rule requirements.
• Responsible for reporting and interacting with the fund Treasurers, the Valuation Committee, and the Board of Directors regarding complex security valuations including derivatives.
• Assist with onboarding new products or security types concerning impacts on daily valuation and regulation considerations.
• Assist in the design and implementation of the valuation control structure for the mutual funds, ETF, UCITS, and QIFs products subject to regulations of the Investment Company Act of 1940.

Ideal Qualifications:

• Bachelor’s degree in finance and a minimum of 5 years of related experience. Experience with private equity or private credit products is preferred
• Experience with private securities valuation modeling is preferred
• Knowledge of the mutual fund industry including the regulatory environment, vendors, complex investment types such as derivatives, and key impacts on pricing and valuation
• Ability to multi-task and handle complex items under tight deadlines
• Experience with SQL, Excel, Access, PowerPoint and Word

The salary range is $100,000 to $123,000.

The starting salary offer will vary based on the applicant’s education, experience, skills, abilities, geographic location, internal equity, and alignment with market data. This position is also eligible to participate in the annual incentive plan.