Head of Valuations

Position Overview

Jefferies Finance is seeking a Head of Valuations to lead valuation and pricing processes across its private credit platform. The role will oversee the monthly/quarterly private credit valuations for the direct lending business in coordination with its third-party valuation agents, and manage the monthly pricing process for the broadly syndicated loan portfolio.

The successful candidate will bring strong private credit, leveraged finance, and valuation expertise, with the ability to maintain a rigorous, well-controlled, and auditable valuation framework. The role requires close partnership with investment teams, finance, operations, auditors, third-party valuation firms, pricing vendors, and senior management.

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Key Responsibilities

• Lead the valuation process for the direct lending business, including privately originated loans, illiquid credit positions, equities, warrants, and other Level 3 assets.
• Coordinate with both investment and portfolio teams on internal valuation models
• Review and challenge valuation assumptions from third party valuation agent, including credit performance, market spreads, comparable transactions, borrower financials, covenant status, and recovery assumptions.
• Oversee monthly pricing for broadly syndicated loans, including review of vendor prices, broker quotes, exceptions, stale prices, and pricing anomalies.
• Maintain and enhance valuation policies, methodologies, documentation standards, and governance procedures.
• Prepare and present valuation materials for internal valuation committees and senior management.
• Coordinate with finance, operations, fund accounting, risk, legal, compliance, auditors, administrators, and external valuation providers on monthly / quarterly reporting processes.
• Manage relationships with third-party valuation firms, pricing vendors, auditors, and other external stakeholders.
• Support audit, investor due diligence, regulatory, and internal control processes related to valuation.
• Identify opportunities to improve valuation infrastructure, workflow, automation, data quality, and reporting.
• Serve as the firm’s valuation subject matter expert for private credit and syndicated loan portfolios.

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Candidate Profile

• 8–12+ years of relevant experience in valuation, private credit, leveraged finance, asset management, audit, or valuation advisory.
• Experience valuing private credit, direct lending, leveraged loans, distressed credit, or other illiquid debt instruments.
• Strong understanding of fair value principles, ASC 820, and Level 2 / Level 3 asset valuation.
• Knowledge of broadly syndicated loan pricing, pricing vendors, broker quotes, and secondary loan market dynamics.
• Strong credit judgment and ability to assess borrower performance, liquidity, leverage, covenant compliance, and capital structure.
• Experience working with auditors, valuation firms, fund administrators, investment teams, and senior stakeholders.
• Strong Excel, financial modeling, analytical, written, and verbal communication skills.
• Ability to operate independently, manage deadlines, and maintain strong valuation governance and controls.

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Preferred Qualifications

• CPA, CFA, ASA, or similar designation preferred.
• Experience at a private credit manager, BDC, CLO manager, alternative asset manager, valuation firm, or Big Four valuation practice.
• Prior experience preparing valuation committee materials or managing valuation governance processes, including materials for BDC Boards.
• Team management or supervisory experience preferred

Key Success Factors

• Maintain a robust, well-documented, and audit-ready valuation process.
• Provide independent, credible challenge to valuation assumptions.
• Build strong relationships across investment, finance, operations, risk, audit, and external providers.
• Improve consistency, transparency, and efficiency across valuation and pricing processes.
• Support the continued growth and institutionalization of Jefferies Finance’s private credit platform.

Primary Location: New York Full Time Salary Range of $300,000-$325,000

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Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law.

The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.