By Nsim Team
Are you interested in finance, accounting and/or economics? Does the idea of a well-paying career that involves working with models (…financial) appeal to you? If so, a career as a business valuator is worth considering. Here are some quick highlights of working in this field:
• High level of average pay
• Opportunity to apply skills in valuation theory and financial modeling
• Officer-based work that may involve travel
• Detail-oriented and analytical work
A business valuator is responsible for performing valuations of business entities, intellectual property, intangible assets, common and preferred stock and other securities, private debt instruments, options, warrants and other derivative products.
They provides these services to assist clients with mergers, acquisitions and dispositions, taxation planning and compliance, succession, litigation and dispute resolution, bankruptcy and restructuring as well as strategic planning.
Business Valuator Job Duties
• Communicate understanding of risk associated with various actions such as acquisitions and mergers
• Assist in reviews of third party appraisals for audit support purposes
• Assist in drafting reports and findings
• Create financial models based on business issues or transactions that are being analyzed
• Prepare valuation reports and presentations
• Brief client on findings and deal with any concerns that may arise
• Assist in researching technical and industry specific issues
• Develop strong relationships with attorneys, accountants and fiduciaries
Employers generally require that you have a bachelor's degree in accounting, finance, economics or a closely related field, although many employers prefer that you have an advanced/post-graduate degree.
In order to effectively perform the duties of a business valuator, you will need the following skills:
• A solid understanding of valuation theory and application
• The ability to work on multiple engagements simultaneously
• Strong skills in research, writing, presentation, and general accounting and finance
• Strong skills with office software, including Microsoft Excel, Word, Access, and PowerPoint
• Strong proficiency with research of companies, industries, and economic conditions
Business valuators are typically employed by the following types of organizations:
• Accounting firms
• Business valuation consulting firms
• Law firms
• Management consulting firms
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