Chicago, IL, USA
79 days ago
Managing Director, Valuation Services

Ankura is a team of excellence founded on innovation and growth.

Practice Overview:

Clients depend upon Ankura’s professionals to provide insightful, timely and thorough valuations. Ankura’s alternative investment valuation practice enables money managers to provide credible reporting on the value of their investments to current and prospective investors. Our valuation services professionals are experienced in many facets of valuation.  In addition to financial reporting, they are skilled at providing expert testimony, defending our valuation before various audit firms, regulatory bodies and the Internal Revenue Service.

Role Overview:

Our professionals are experienced in utilizing a variety of valuation standards, approaches and methodologies including: 

Standards of value include fair value under GAAP and IFRS, fair market value for tax reporting, and intrinsic or investment value for consulting and due diligence services.Responsible for managing and developing a staffOversight of ongoing projects and client relationshipsPremises of value including going concern and liquidation approaches Valuation approaches and methodologies include: Market approach: guideline company method, guideline transaction method, and the recent transaction methodSales comparison approach; utilizes recent transactions, selection of appropriate units of comparison, as in real estate Income approach: discounted cash flow method, capitalization of earnings method, etc. Asset approach: discrete/collective revaluation of assets and liabilities Cost approach: estimation of costs to replicate a service or asset Option modeling including OPM, binomial and Monte Carlo approachesFinancial statement analysis including ratio, common-sized, and trend analyses Discount/capitalization rates including buildup method, capital asset pricing model, weighted average cost of capital, and other quantitative approaches Minority interest discounts/control premiums, including FinnertyDiscounts for lack of marketability 

Requirements: 

15+ years with direct experience in performing alternative investment valuations for financial reporting purposes.  This experience will include determining  business enterprise valuations, as well as the valuation of illiquid debt, equity and derivative positions across a wide variety of industries and geographies.  Specific subject matter expertise is a plus. For example, expertise in specific industries, structured product valuation, litigation finance valuation, or the creation of an OPM for a complex capital structure, would be highly desirable.   Undergraduate degree required, emphasis in Finance, Accounting or Economics preferred 

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Ankura is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability. Equal Employment Opportunity Posters, if you have a disability and believe you need a reasonable accommodation to search for a job opening, submit an online application, or participate in an interview/assessment, please email accommodations@ankura.com or call toll-free +1.312-583-2122. This email and phone number are created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be returned. Messages left for other purposes, such as following up on an application or technical issues unrelated to a disability, will not receive a response.

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