Valuation Specialist (f/m/d) - Limited to 24 months

We are currently hiring a Valuation Specialist (f/m/d) to support the Independent Price Verification Team. This position will be based in Frankfurt.

What You Will Do

• Verify the accuracy of externally sourced prices for listed instruments (e.g. Bonds, ABS, Convertibles, etc.) and of externally sourced market values for OTC derivatives (e.g. Options, IRS, CDS, etc.).
• Determine fair values of less liquid securities (e.g. Distressed debt, Delisted equity, 3‑rd party alternative investment funds, etc.) by means of an appropriate valuation model.
• Model non‑plain vanilla OTC derivatives (e.g. Swaptions, Basket CDS, etc.) with tools provided from 3‑rd party vendors (mainly Bloomberg).
• Resolve time‑critical valuation issues respecting investment funds’ cut‑off times.
• Communicate effectively to internal stakeholders (e.g. Risk Management, Investment teams, Legal & Investment Compliance, Fund Administration, etc.).

What You Bring

• Master’s degree in Finance, Economics or related field.
• Knowledge of the most widely used valuation models (e.g. Discounted Cash Flows, Enterprise Value, Black‑Scholes, Stochastic Volatility, Hull‑White, etc.).
• Microsoft Office skills, especially MS Access and MS Excel.
• Excellent people skills and good communicator; must be able to effectively communicate to various levels (management, investment professionals, client service, outside business partners).
• Calm under pressure.
• Ability to prioritize multiple tasks in an organized and methodical manner.
• High commitment, motivation and willingness to take on responsibility.
• The ability to work independently as well as flexibly in a team environment.
• Fluency in English, both spoken and written.

Preferred

• Relevant experience within the financial industry, preferably in the asset valuation function of an international asset manager.
• First‑hand experience with the pricing service of the major data providers (e.g. Bloomberg, S&P, LSEG, etc.).
• Coding skills in Python and SQL.
• Experience in developing new IT applications for streamlining processes.
• CFA or FRM charter.
• Fluency in German, both spoken and written.

What We Offer

• Flexible work arrangements that balance performance and personal priorities (e.g., hybrid model and flexible working hours).
• Access to company pension/savings plans.
• Family support such as relocation and childcare facilities.
• Company share purchasing plan.
• Mental health and wellbeing programs.

Allianz Global Investors welcomes candidates from all backgrounds and does not discriminate on the basis of ethnicity, culture, age, gender identity, nationality, religion or disability. Equal opportunity applies.