Job Description Established in 1988, Rest is one of Australia’s largest profit-to-member superannuation funds. We support nearly two million members, with around $86 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. The Associate, Valuations will be responsible for supporting Rest’s valuation risk management processes across a ~A$23bn private market portfolio. The role will be assisting with research and analytics, financial modelling and preparation of valuation assessment reports for a diverse portfolio of investments, spanning Infrastructure, Property, Private Equity, Credit and Alternatives. The Associate will also play a key role in supporting new quarterly APRA reporting requirements relating to valuations for the super sector. Key Accountabilities/Responsibilities Assisting with valuation oversight by undertaking research and analysis to verify that investment carrying values are appropriate, and that rigorous documentation is maintained for each assigned investment. Engaging proactively with key stakeholders including members of the Asset Class Investment teams, external managers, and third-party valuers to understand, discuss, and critically assess valuation assumptions and inputs. Undertaking regular valuation trigger monitoring of assigned investments. This includes looking at comparable trading companies, comparable transactions and reviewing investor reports to understand asset performance. Support the coordination of the valuation timetable, including administration of the Request for Proposal (RFP) process, to ensure that both inhouse and external valuations are conducted in a timely and efficient manner. Assist in the preparation of detailed valuation papers for monthly Valuation Committee chaired by the CFO and attended by the CIO. Supporting both inception and ongoing due diligence of assigned investments from a valuations perspective. This includes reviewing the valuation policies and frameworks of external investment managers. Taking a lead role in assisting the Valuations team in complying the quarterly regulatory reporting to APRA on valuation metrics. This includes building templates and co-ordinating with external investment managers.
