Director/Senior Director, Transaction Advisory Services – Financial Services Valuation

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

Practice Overview:

Clients depend upon Ankura’s professionals to provide insightful and thorough valuations. Ankura offers a full range of services to clients who depend on us to provide insightful and thorough valuations that enable them to make informed business decisions. Our Financial Services professionals are experienced in many facets of valuation and are skilled at providing expert testimony, as well as defending our valuation before various regulatory bodies and the Internal Revenue Service.

Role Overview:

We can hire at either the Director or Senior Director level. This will be determined throughout the evaluation process based on candidate experience and qualifications. This hybrid-based role is ideally based in Chicago, but other locations will be considered. We are seeking Valuation professionals with Bank valuation experience for financial reporting purposes.  Specifically experience valuing:

• Loan portfolios

• Customer relationship intangibles

• Core deposit intangibles

• Financial instruments

Responsibilities:

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

• Standards of value including fair market value, fair value, intrinsic value, and investment value  

• Responsible for managing and developing a staff 

• Oversight of on going projects and client relationships 

• Premises of value including going concern, fair market, and liquidation  

• Valuation approaches and methodologies including:  

• Market approach: guideline company method, merger and acquisition (transaction) method, market pricing for services, compensation  

• Sales comparison approach; utilizes recent transactions, selection of appropriate units of comparison  

• 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  

• Financial 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  

• Discounts for lack of marketability including restricted stock studies, pre-IPO studies, and other quantitative methods  

• Intangible asset valuations, entity valuation issues regarding C-corporations, S-corporations, partnerships, sole proprietorships  

Requirements:

• Minimum of 5 years of experience with direct experience in performing bank valuations for financial reporting purposes.  This experience will include valuing loan portfolios, core deposit intangibles and customer relationship intangibles 

• Undergraduate degree required, emphasis in Finance, Accounting or Economics preferred  

• Valuation experience in other segments of financial services such as: insurance brokerage, specialty finance and mortgage banking a plus  

• Progress towards achievement of ASA, CVA, CPA, and/or CFA designation is a plus  

• Willingness to travel as needed (less than 25%)

• Must be authorized to work in the United States now and in the future without sponsorship.

#LI-Hybrid

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For individuals assigned and/or hired to work in California, Colorado, New York or other states with relevant pay transparency laws, Ankura is required to include a reasonable estimate of the compensation range for this role. This compensation range is specific to the said markets and considers a broad range of factors including but not limited to skill sets, experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled.  The range does not include additional benefits outside of salary. At Ankura, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each role. A reasonable estimate of the current base pay range is between $85,000 to $200,000; this range is not a promise of a particular wage. 

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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 [email protected] 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.