About the position Houlihan Lokey, Inc. (NYSE:HLI) is a leading global investment bank providing independent strategic and financial advice. The Financial and Valuation Advisory practice is one of the largest worldwide, offering services including Transaction Opinions, Transaction Advisory Services, Corporate Valuation Advisory Services, Portfolio Valuation and Fund Advisory Services, Real Estate Valuation and Advisory Services, and Dispute Resolution Consulting. The Structured Products Valuation Advisory team leverages extensive experience in analyzing, structuring, securitizing, underwriting, investing in, and trading whole loans and structured credit instruments. They use analytical methods and proprietary modeling techniques, incorporating robust market data to provide clients with superior valuation and advisory services for structured products. Professionals have analyzed multibillion-dollar portfolios for various financial institutions.

Responsibilities

• Analyzing and valuing various structured products, asset-backed loans, loan pools and other illiquid securities
• Determining relevant valuation assumptions based on historical performance, collateral type, and economic scenarios
• Utilizing a discounted cash flows framework to derive value indications at appropriate market discount margins / yields
• Performing market research; calibrating proprietary valuation models to incorporate market-based assumptions
• Reviewing and compiling published financial information, such as industry research reports, remittance data, and market data across a wide range of asset classes
• Preparing client deliverables including valuation reports, pitch materials and information requests
• Participating in due diligence meetings/discussions and drafting responses to auditor questions regarding valuation analyses prepared by Houlihan Lokey
• Participating in presenting valuation analyses and conclusions internally to review committees, externally to our clients’ senior management and boards of directors, and to fiduciaries
• Performing quantitative and qualitative assessments on distribution reports, financial statement, and other sources of information, as required
• Assisting in the researching and reporting on (a) general economic conditions, (b) industry-specific conditions and trends, and (c) various investment attributes of illiquid securities
• Assisting with sales and marketing initiatives for prospective and existing clients
• Performing other ad-hoc research, analytics, and support for the FVA project teams as required

Requirements

• 1-3 years of work experience
• Bachelor’s or Master’s degree in finance, accounting, business, applied mathematics, statistics, engineering, or equivalent quantitative field
• A fundamental understanding of financial valuation theory, methodologies, and applications
• Understanding of basic probability and statistical concepts
• Strong analytical abilities including demonstrated ability to model discounted cash flows
• Strong problem solving skills and the ability to work through complex financial models to determine the key assumptions, implicit caveats and limitations
• Strong knowledge of Excel
• Excellent verbal and written communication skills; ability to prepare reports and presentations to team and clients, including graphic and written sections
• Demonstrated ability to work cooperatively with team members
• Ability to work independently in a fast paced environment
• An exceptional work ethic and attention to detail
• Ability to manage multiple projects and interact with clients and internal management
• Flexibility to travel to client site for due diligence meetings as required

Nice-to-haves

• Knowledge of multiple valuation techniques
• Knowledge of various structured products including Residential and Commercial Mortgage Securities (RMBS and CMBS), Asset-Backed Securities (ABS), and Collateralized Loan Obligations (CLO)
• Knowledge of and experience with statistical packages and data sources such as Intex and Bloomberg

Benefits

• Competitive total compensation package
• Discretionary incentive compensation
• Competitive benefits package