Pricing Specialist – Mutual Fund Valuation

Team Overview:
Edward D. Jones & Co, L.P. (“Edward Jones”) is seeking a Fund Valuation Specialist II for our Proprietary Funds Valuation and Execution (“PFVE”) team, whose primary goal is to oversee the valuation process for the Bridge Builder Trust mutual funds and Edward Jones Money Market Fund. As a member of the PFVE team, you will be interacting with multiple internal asset management teams and external service providers in the industry, as well as stakeholders across Edward Jones.

What You Will Do:
The core focus of the PFVE team is to prepare, evaluate, analyze, summarize, and oversee the daily valuation and liquidity processes:

• Apply valuation methodologies daily for various investments within the funds in line with Olive Street Investment Adviser’s (the “Adviser”) valuation policy procedures.
• Conduct valuation analysis on a diverse portfolio of liquid and illiquid investments across various asset classes and geographies, utilizing established approaches and relevant theory.
• Lead daily fair value calls for Adviser valuation committee for securities not being valued or evaluated by third-party independent pricing providers.
• Prepare and review valuation models for appropriateness and reasonableness of unobservable inputs being applied to determine fair value.
• Coordinate periodic valuation reviews with fund sub-advisers to maintain ongoing understanding over Adviser fair valued securities.
• Prepare and present valuation materials at monthly and quarterly Adviser valuation committee meetings including annual assessment under Rule 2a-5.
• Maintain relationships with third-party independent pricing providers and complete periodic due diligence with them.
• Stay updated on third-party independent pricing providers methodologies, as well as current valuation guidance for investment companies.
• Complete daily, monthly, quarterly, and annual liquidity oversight for the funds in accordance with Rule 22e-4.
• Attend and present at Adviser liquidity committee meetings.
• Complete ad hoc reporting for senior management.
• Update and maintain procedures for valuation and liquidity oversight.

*This position is known internally as a Specialist II-Fund Administration 

What Experience You Need:

• 7+ years of related experience in asset management industry focusing on fund accounting oversight and the valuation process.
• Bachelor's degree in accounting, finance, economics, mathematics, or related field.
• Securities licenses Series 7 and Series 66 required within 6 months of hire.
• Fundamental knowledge and understanding of mutual fund processes – Generally Accepted Accounting Principles in the United States of America (“GAAP”), trading, fund accounting, administration, security valuation, compliance, etc.
• Strong understanding of Securities and Exchange Commission rules including, Rule 2a-5 and 22e-4, and Topic 820, Fair Value Measurement.
• Strong knowledge of securities, financial markets, and various valuation techniques (e.g., discounted cash flow, comparable company analysis, spread pricing, etc.).
• Exceptional analytical and problem-solving capabilities; ability to analyze company financial statements, assess company, industry or market news and its impact on fair value.
• Ability to effectively communicate (verbal and written) complex ideas, processes, and situations to various audiences including, senior business stakeholders, investment analysts, portfolio managers, and various oversight committees.
• Demonstrates organization and time management skills to be able to meet deadlines.
• Detailed oriented with the ability to work in a group or independently, as needed.

What Could Set You Apart:

• Fundamental knowledge and understanding of investment company concepts, practices, and procedures used in the mutual fund industry.
• Understands and applies intermediate knowledge of product/tool/systems, regulatory issues, and Edward Jones business model, philosophies, and values.
• Proficient at creating spreadsheets, creating, and analyzing reports, developing measures and external resources.
• Demonstrates fundamental knowledge of systems/products/services of partners/vendors.
• Experience and knowledge with work management software packages, including Diligent and Smartsheet
• Up to date on industry trends, accounting standards and regulatory changes that may impact mutual fund accounting, valuation, and registered investment company's practices.
• Work in ambiguous and highly complex situations, create clarity, demonstrate sound judgement, and drive towards effective outcomes.
• Work well under pressure and meet critical deadlines in a very time sensitive environment

*Candidates that live within in a commutable distance from our Tempe, AZ and St. Louis, MO home office locations are expected to work in the office three days per week, with preference for Tuesday through Thursday.