IN-Manager_Financial Instruments Valuations_Transaction Services _Advisory_ Mumbai

*Why PWC

At PwC, you will be part of a vibrant community of solvers that leads with trust and creates distinctive outcomes for our clients and communities. This purpose-led and values-driven work, powered by technology in an environment that drives innovation, will enable you to make a tangible impact in the real world. We reward your contributions, support your wellbeing, and offer inclusive benefits, flexibility programmes and mentorship that will help you thrive in work and life. Together, we grow, learn, care, collaborate, and create a future of infinite experiences for each other. Learn more about us.

At PwC, we believe in providing equal employment opportunities, without any discrimination on the grounds of gender, ethnic background, age, disability, marital status, sexual orientation, pregnancy, gender identity or expression, religion or other beliefs, perceived differences and status protected by law. We strive to create an environment where each one of our people can bring their true selves and contribute to their personal growth and the firm’s growth. To enable this, we have zero tolerance for any discrimination and harassment based on the above considerations. "

Job Description & Summary:

We are looking for a Manager to join the Valuation Advisory practice, specializing in the valuation of financial instruments, derivatives and complex securities. The role will involve leading client engagements across financial reporting, transactions, regulatory and audit-support requirements. 

The candidate will independently manage valuation engagements for financial instruments, build and review valuation models, develop defensible valuation conclusions, prepare high-quality documentation, manage client and auditor discussions, and coach junior team members. The role requires strong technical valuation knowledge, quantitative modelling ability, commercial judgment and the ability to communicate complex valuation matters clearly to senior stakeholders. 

·       Lead financial instruments valuation engagements from scoping to final delivery, including work planning, data requests, model development/review, documentation, quality control and timeline management. 

·       Act as the day-to-day point of contact for clients, auditors and internal stakeholders on valuation matters. 

·       Interact with clients, auditors, regulators and internal stakeholders on valuation methodologies, assumptions and conclusions. 

·       Present valuation methodologies, assumptions, sensitivities and conclusions clearly to client management, audit teams and other reviewers. 

·       Manage multiple engagements simultaneously while ensuring high-quality delivery, risk management and adherence to professional standards. 

·       Identify key valuation issues early, escalate appropriately, and provide practical solutions to clients. 

Perform and review valuations of a wide range of financial instruments and complex securities, including: 

·       Derivatives such as swaps, forwards, futures, options, structured options and embedded derivatives, vanilla & exotic derivatives. 

·       Fixed income and structured debt instruments, including NCDs, convertible debt, CCDs, optionally convertible instruments, contingent debt and hybrid instruments. 

·       Equity-linked and private-company securities such as CCPS, preference shares, warrants, SAFE notes, convertible instruments and earn-out arrangements. 

·       Employee and management incentive instruments such as ESOPs, RSUs, SARs, PSUs and management incentive plans. 

·       Contingent consideration, put/call arrangements, guarantees and other transaction-linked instruments. 

·       Structured products and complex capital structures, where applicable. 

Build, review and validate valuation models using methodologies such as: 

Black-Scholes option pricing 

Binomial / trinomial lattice models 

Monte Carlo simulation 

Option Pricing Method and OPM Backsolve 

PWERM and scenario-based methods 

Discounted cash flow and yield-based approaches 

Waterfall and equity allocation models 

CVA / DVA and credit-risk adjustments 

·       Estimate and benchmark valuation inputs such as volatility, correlation, risk-free rates, credit spreads, discount rates, DLOM, expected term, time to liquidity and market-participant assumptions. 

·       Conduct volatility computation/ calibration using historical and implied volatility, guideline public company data and transaction data. 

·       Perform sensitivity analysis, scenario analysis and reasonableness checks to support valuation conclusions. 

·       Review third-party, client-prepared and internal valuation models for formula integrity, methodology, assumptions, controls and output reasonableness. 

·       Support valuations for financial reporting under applicable standards such as Ind AS, IFRS and US GAAP. 

·       Prepare audit-ready valuation reports, memos and working papers that clearly document methodology, assumptions, source data and conclusions. 

·       Respond to auditor review comments and support clients through audit queries. 

·       Apply fair-value measurement principles and financial instrument accounting concepts in valuation analysis. 

·       Support hedge accounting, treasury advisory and financial risk valuation assignments where relevant. 

·       Analyse complex capital structures and shareholder rights, including liquidation preferences, conversion rights, anti-dilution provisions, participation rights, dividend rights and exit waterfalls. 

·       Perform equity allocation across share classes and instruments for transaction, financial reporting and tax-related valuation purposes. 

·       Interpret transaction documents, shareholder agreements, debenture terms, ESOP plans and other legal documents from a valuation perspective. 

·       Guide, review and coach junior team members on technical modelling, valuation methodology, documentation and client communication. 

·       Conduct internal trainings on financial instruments, option-pricing models, valuation standards and quality expectations. 

·       Support onboarding of new team members and contribute to building team capabilities. 

·       Assist senior leadership in preparing proposals, credentials, thought pieces and client presentations. 

·       Contribute to practice development, process improvement, model templates and automation initiatives. 

Financial Instruments Valuations

Financial Instruments Valuations

5-7 years

CA / MBA