Company Description

Supporting millions of Aussies since 1988 with low fees and competitive long-term performance. Profits back to members, not shareholders

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.

Qualifications

Tertiary qualifications in Commerce (preference major in Finance/ Accounting/ Property)
Postgraduate qualifications such as CA/CPA or CFA or CPV

Required experience, understanding or credentials including:

2 + years' experience working within a large accounting firm, a boutique valuation firm, or an institutional/corporate investing organisation.
Strong technical valuation and financial modelling 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.

Additional Information

Benefits

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

Personal and professional development opportunities
Hybrid working
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 Responsible Investment Leader 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