What are the responsibilities and job description for the Associate, Fund Valuation position at Constitution Capital Partners?
Position Summary
Constitution Capital Partners is looking for an Associate, Fund Valuation to be responsible for supporting the monthly valuation process for two closed-end tender offer funds registered under the Investment Company Act of 1940 (the “1940 Act”) that invest primarily in private equity investments. This role is a key member of the Fund Accounting and Valuation team and helps ensure that each of the fund’s portfolio investments are valued in accordance with ASC 820, the Fund’s valuation policies and procedures, and the fair value framework established under Rule 2a-5 of the 1940 Act and approved by the Board of Managers (the “Board”) of the funds.
The ideal candidate possesses strong analytical skills, exceptional attention to detail, strong communication skills, and a solid understanding of acceptable valuation techniques under ASC 820. The role requires significant interaction with internal investment teams, senior members of management, independent auditors, and underlying investment managers.
Primary Responsibilities
Fund Valuation
• Execute the valuation process for the funds, including valuing private equity, private credit, and other investments on a monthly basis
• Backtest valuations against information received from underlying fund managers for accuracy
• Evaluate valuation methodologies utilized by underlying managers and identify unusual valuation movements or trends.
• Assist in implementing pricing adjustments when manager-reported NAVs require modification under ASC 820, Fair Value Measurement (“ASC 820”)
• Identify and apply capital call or distribution activity observed from the fund investments into valuations, as applicable
• Prepare valuation documentation supporting fair value conclusions
• Maintain valuation models and supporting documentation
Governance & Reporting
• Support Constitution Capital Partners, in its capacity as valuation designee under Rule 2a-5, in administering the valuation policies and procedures and fair value oversight framework for the funds
• Assist in the preparation of materials for the Valuation Committee and the Board in support of Rule 2a-5 valuation oversight and reporting responsibilities
• Document valuation decisions and maintain valuation documentation in accordance with regulatory and audit requirements
• Assist in preparing valuation-related disclosures in regulatory reporting required by the SEC on Form N-CSR, N-CEN, N-PORT, and other ad-hoc reporting requirements
• Support annual audits by preparing valuation support requested by external auditors
• Respond to inquiries from internal and external stakeholders regarding valuation methodologies
Qualifications
Required
• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• 2–5 years of relevant experience in fund accounting, fund valuation, public accounting serving investment companies, or alternative investment operations.
• Strong understanding of ASC 820, private equity fund structures, and limited partnership accounting.
• Advanced Microsoft Excel skills.
• Excellent analytical, organizational, and communication skills.
Preferred
• CPA or CFA designation, or progress toward either designation.
• Experience with registered closed-end or interval funds, tender offer funds, private market investments, or fund administrators.
• Familiarity with the 1940 Act (including Rule 2a-5), valuation oversight frameworks, and Board reporting.
Core Competencies
• Strong analytical and quantitative skills
• Exceptional attention to detail
• Ability to evaluate complex investment structures
• Sound professional judgment
• Ability to manage multiple deadlines in a fast-paced environment
• Strong written and verbal communication skills
• Collaborative mindset with the ability to work cross-functionally