Senior Associate, Valuations

Company Description
Supporting millions of Aussies since 1988 with low fees and competitive long-term performance. Profits back to members, not shareholders
Closing date: 2nd February 2024*
Please note Rest does not accept speculative resumes from recruitment agencies
Job Description
About Us
Established in 1988, Rest is one of Australia’s largest profit-to-member superannuation funds.
We support nearly two million members, with around $75 billion of funds under management and are recognised as a responsible investment leader*. We believe when members understand and engage with their super, they’re more likely to get a better retirement outcome.
Everything we do at Rest is underpinned by our values and behaviours, we want to Be Daring, Keep it Simple, Take Action and Have Grit. To put it simply we want our people to thrive and love the work they do.
About the Job
The Senior Associate role will directly assist the Head of Unlisted Valuations and will be responsible for managing valuations and performing oversight activities (such as due diligence and trigger monitoring) for Rest’s A$17 billion in unlisted investments. This role will require strong stakeholder management skills and will work closely with Rest internal investment team as well as external investment managers, valuers and advisors. The Senior Associate will also have the opportunity to present regularly at the Valuation Committee that is chaired by the CFO.
About You:
Key accountabilities/ responsibilities:

• Managing valuation risk by ensuring valuation conclusions are appropriate and we have robust documentation to support our valuation conclusions.
• Active involvement with the Asset Class Investment teams, external managers and external valuers (including Infrastructure, Property, Private Equity and Alternatives) to understand and challenge valuation assumptions, inputs and ensure an independent view.
• Reviewing key valuation metrics and assumptions for consistency across the portfolio and maintain and database thereof.
• Administering the valuation timetable (including the RFP process) and ensure valuations are recorded on a timely basis. Will also need to manage and organise valuation tenders and appointment of external valuers and advisors.
• Researching and developing valuation insights for use in the valuation of unlisted assets.
• Preparing monthly Valuation Papers for the Finance Valuation Committee and presenting papers at the Committee.

Key Relationships
Internal

• Asset Class Investment team
• Operational Due Diligence team
• Financial Reporting team
• Investment Operations team
• ESG team

External

• External investment managers
• External valuers & advisors
• External auditors
• Internal auditors
• Custodian

Qualifications
Qualifications and required experiences:

• Tertiary qualifications in Commerce (preference major in Finance/ Accounting/ Property)
• Postgraduate qualifications such as CA/CPA or CFA or CPV
• Demonstrated experience working within a large accounting firm, a boutique valuation firm, or an institutional/corporate investing organisation.
• Strong technical valuation skills.
• Strong interpersonal skills with the ability to present ideas and challenge thinking.
• Agile and comfortable working in a team where project management of multiple tasks is required.
• Experience managing projects with several stakeholders and service providers.

Additional Information
Benefits
Our benefits have been designed so you can tailor your experience with us and include:

• Personal and professional development opportunities
• Flexible, hybrid working – work to suit your lifestyle (must be based in Australia)
• Purchase leave scheme and gender neutral 16 weeks paid parental leave
• Super Contribution Continuation for 12 Months of parental leave
• Meeting free breaks (Rest Stops)
• Income Protection Insurance
• Rest Excellence awards (peer recognition awards based on Rest’s values and behaviours)

If you share our values, believe you can help make a difference for our members and want to be part of a leading superannuation fund with a Super culture, please click Apply Now.
Rest is committed to creating a flexible work environment and culture that embraces diversity, equity, and inclusion - where people feel welcome, safe to be themselves and inspired to do their best.
We value the different backgrounds, lived experiences and abilities our diverse team brings. We welcome and encourage applications from candidates of all ages, cultural backgrounds, faiths, gender identities, sexual orientations and thinking styles. This includes people with disability, neurodiverse individuals, Aboriginal & Torres Strait Islander peoples and those with disrupted work history due to career or other breaks.
Please note only people with the right to work in Australia will be considered.
*Funds under management as at 30 June 2023. Rest is recognised as a by the Responsible Investment Association Australia (RIAA) in its Responsible Investment Benchmark Report 2022.
Rest will review applications prior to the closing date and may close the role earlier