Director of Investment Valuation and Oversight

Utah Retirement Systems provides benefits for state and other Utah Public employees through the work of two divisions. The Retirement Office administers pension and retirement benefits. PEHP Health & Benefits specializes in medical, dental, life, and other benefits. We take pride in providing a peace of mind for thousands of Utah families. We are committed to our public mission and maintaining a positive team environment.

We offer a competitive salary, and our benefits far exceed what most modern employers offer.

Utah Retirement Systems provides benefits for state and other Utah Public employees through the work of two divisions. The Retirement Office administers pension and retirement benefits. PEHP Health & Benefits specializes in medical, dental, life, and other benefits. We take pride in providing a peace of mind for thousands of Utah families. We are committed to our public mission and maintaining a positive team environment.

We offer a competitive salary, and our benefits far exceed what most modern employers offer.

The Director of Investment Valuation and Oversight manages the independent valuation and fee‑validation control framework for the Utah Retirement System’s investment portfolio. This role maintains the annual valuation calendar, investment inventory, and applied methodologies; conducts and documents variance analysis across manager marks, custodial values, third‑party valuations, audited financial statements, and fund‑recorded values; and oversees fee‑obligation tracking and validation. The Director escalates material exceptions and significant valuation discrepancies to the Investment Valuation Committee.

The position operates as an independent control function, separate from the staff who originate or manage underlying investments.

• Owns and maintains the annual investment valuation calendar.
• Establishes valuation milestones and delivery dates aligned with accounting close and financial‑reporting deadlines.
• Creates and maintains a complete inventory of investments subject to valuation across the different funds.
• Identifies and documents the valuation methodology required for each investment. Reviews significant assumptions, inputs, and valuation methodologies across public and private markets.

• Creates and maintains a systematic variance‑analysis procedure reconciling manager marks, custodian values, third‑party valuations, audited financial statements, and fund‑recorded values.
• Establishes and documents thresholds that trigger additional review or escalation.
• Documents and maintains records of valuations, conclusions, adjustments, and the valuation exception log.
• Refers methodology questions and valuation discrepancies to the Investment Valuation Committee.
• Escalates unresolved valuation issues and material exceptions in accordance with policy.

• Oversees the selection and due diligence of external valuation specialists, including engagement management and maintaining a roster of qualified valuation specialists.
• Tracks all valuation processes against established deadlines.
• Creates and maintains a comprehensive valuation database in coordination with Investment Operations staff.

• Maintains the fee‑obligation inventory by external investment manager within the database.
• Coordinates fee‑validation services and reporting with an outside consultant. Maintains the obligation inventory, capturing contractual fee terms, documenting fee‑calculation methodologies, and centralizing this information in the database.
• Tracks…