Anyone have experience from audit to FDD? Senior role. What are the key skills?

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^that is complete bull shit. Do not listen to that. Every job is unique, yes the databooks look "similar" but the analysis you perform and the way you present it is deal specific which requires an understanding of the deal, the clients needs, and a strong analytical mind to find a way to make sense out of the data and present it in the most appropriate way. Also the writing of the report is unique to every deal. There isnt much about this job which is boiler plate and repetitive especially as an experienced senior and up

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Having a high tolerance to repetitive work

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Be a quick learner. Need to have better soft skills since you interface with c suite more. Able to work on your own more than audit. Able to travel with very little notice. Be an excel wizard.

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TAS Senior 1 is right. I’m not sure what the mid-tier firms do, but a lot of variety and not simply model manipulation as RSM 1 was describing for B4 FDD. What RSM 1 was describing sounds more like valuation/modeling group. Your job in FDD is to help the PE firm or strategic buyer determine what a “normal” year of business is for the target. That’s naturally going to change deal to deal.

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Do something else

Thanks EY 1. How does your company structure the team usually? I think EY is a bit different from Deloitte ( but I would imagine each firm is a bit different...)

RSM 1 even more than audit?!

Yeah we run pretty small teams here. Usually a senior, a manager, maybe a second manager or SM, then the partner/ED. You’ll also have a concurring partner review the report at the end as well, similar to quality review partner for audit.

What ey1 said

OP - I think so. They usually have large financial models, your job is to pretty much blindly populate that model, then pretty it up and paste it into an PPT. No original thought needed. With respect to be being an excel wizard, you need to know shortcuts to quickly format data, maybe understand how pivots and match index works. I'd say do a rotation, see if you like it.

Thanks guys for the input! Very helpful! Yeah I would say the dynamics of the deals is what I am really looking for, compared to the audit jobs.

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