Private Debt Valuation

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Profile Summary:

As a key leader within Voya Investment Management’s Investment Pricing & Valuation function, the position within Private Debt Valuation will play a significant role in the end-to-end valuation framework for private debt investments. The role will partner 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.

Profile Description:

Valuation Oversight
• Apply deep valuation expertise to private debt, commercial mortgage loans, infrastructure debt, asset-based finance, and other complex or illiquid credit instruments, including evaluation of 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.
• Perform oversight of valuation exceptions, price challenges, back-testing, calibration, and other valuation review activities.
• Maintain clear and defensible documentation supporting valuation conclusions and governance decisions.

Methodology and Provider Oversight
• Serve as Voya’s senior technical counterpart to external valuation providers covering illiquid assets, critically evaluating methodologies, models, market evidence, and valuation conclusions and leading the resolution of significant valuation differences.
• Conduct provider due diligence, methodology reviews, performance assessments, and ongoing monitoring activities.
• Evaluate valuation approaches and models utilized by external providers, including discounted cash flow, market, transaction, and yield-based methodologies.
• Provide effective challenge when valuation outcomes, assumptions, or methodologies appear inconsistent with market conditions or available evidence.

Governance and Risk Management
• 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 valuation 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.

Leadership and Business Partnership
• 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.

Operating Model and Continuous Improvement
• 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 and keep pace with changing industry practices, valuation methodologies, and regulatory developments that may impact private debt valuation.

Knowledge & Experience:

• Bachelor's degree in Finance, Accounting, Economics, Mathematics, or a related field.
• 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.
• Experience with private credit, commercial mortgage loans, infrastructure debt, asset-based finance, or other specialty credit sectors.
• 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.

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Compensation Pay Disclosure:

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.

The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting.

Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

$145,000 - $165,000 USD

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Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That’s why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.

What We Offer

• Health, dental, vision and life insurance plans
• 401(k) Savings plan – with generous company matching contributions (up to 6%)
• Voya Retirement Plan – employer paid cash balance retirement plan (4%)
• Tuition reimbursement up to $5,250/year
• Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
• Paid volunteer time — 40 hours per calendar year

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Critical Skills

At Voya, we have identified the following critical skills which are key to success in our culture:

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

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Equal Employment Opportunity

Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.