Senior Valuation Manager

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with total gross written premium of more than € 70 billion in 2020. With nearly 71,000 employees serving 61 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali’s ambition is to be the life-time partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.

Generali Investments Luxembourg S.A. manages investments on an international scale with the experience and professionalism of the team of experts at the Generali Group, in addition to the world-class investment firms available through its funds offerings.

The Generali Group is one of the most significant players in the global insurance and financial products market. It is characterized from the very outset by a strong international outlook and now present in more than 60 Countries.

The Valuation Function interacts with the Company’s structures and encompasses all the activities related to asset pricing of Funds security and investments. It defines the rules, procedures as well as the valuation models required to price the assets included in the Funds under GIL responsibility.

Within the Valuation Function the Senior Valuation Manager is involved in the activities related to the valuation process of UCITS and AIF Funds (diversified over asset classes : Real Estate, Fund of Alternative Funds, Private Debt, Private Equity and Infrastructure) and is in charge of contributing to the definition of methodologies and solutions to value the assets held by the managed Funds.

• Providing her / his independent view / insights of key risks affecting the valuation of the assets.
• Promoting sound asset valuation practices and principles, enhancing a rigorous methodological culture within GIL.
• Supporting the Company to ensure successful management of all appraisal processes on liquid assets and illiquid assets (e.g. alternative assets, defaulted assets…).
• Performing independent valuation analysis of a given company / asset issuer, encompassing all the valuation process (data gathering, business and corporate strategy assessment, valuation modelling)
• Performing or reviewing equity or debt valuations using different methodologies : market approach (e.g. multiples, industry valuation benchmarks, comparable market prices), income approach (e.g. DCF, DDM) and replacement cost approach (e.g. replacement costs).
• Review the hypothesis behind each of the valuation models and proposing – if needed – models updates.
• Assist the team within the financial, legal and technical due diligence and coordinate third-party valuation advisors.
• Assist the team in fulfilling auditor requests on asset pricing topics.
• Preparation of the results of the valuation analyses in efficient and clear manner.
• Retrieve information by performing independent research to get insights from the industry and the general related market.
• Supervise and challenge periodic valuations of the Fund investments conducted by external service providers.
• Participate proactively in the build-up and periodic review of all valuation policy and procedures, ensuring compliance with the obligations laid down in the UCITS / AIFMD.
• Support and facilitate coordination with the other GIL Functions (chiefly Liquid and Alternative Fund Administration, Risk Management, Project Management, Legal)
• Process optimization – developing best practices, increasing efficiency, enhancing capabilities, and mitigating valuation risks.
• Keep updated of industry and regulatory trends in valuation modelling tools / techniques and overall the asset pricing process.

The completion of the above tasks requires a strong cooperation with other Generali’s departments and entities as well as our Clients.

Requirements :

Soft Skills

As part of GIL pre-hire background screening process, we apply a risk-based approach to determine the requirement of carrying out such checks on candidates, including criminal record checks. This role is judged to be sufficiently sensitive to warrant carrying out a criminal record check. By applying for this job, you are consenting to GIL completing background checks including criminal record checks.

Generali is proud to be an inclusive employer that considers applicants regardless of gender, gender identity, sexual orientation, ethnicity, disability, religion, political views, marital status or philosophy of life. If you have a disability or special need that requires accommodation or assistance, we will support you during the selection process.