What are some things that cross over from audit to FDD. Looking to update resume for FDD roles but need a bit of guidance.

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1) Excel Skills - FDD requires excellent modeling skills. Experience using lookup formulas, building complex models, and being able to navigate Excel without a mouse are great. Experience with macros or Power Query & Power Pivot will set you apart.

2) Experience Doing Something New - Developing and executing an audit program for an event or auditing a new client/entity demonstrates leadership and critical thinking skills that are highly valued in the fast paced deal environment.

3) Exposure to M&A - Highlighting your understanding of the M&A world (e.g., PE, I-banks, typical deal process) stands out. This could come from working on a spin off transaction, supporting a PE client (although working exclusively with PE clients could work against you because of the lack of exposure to everyday accounting—e.g. inventory costing), or doing opening balance sheet work (big thing with this is understanding NWC pegs).

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I think in Europe they do more modeling and forward-looking analyses within FDD groups, but not so much in the U.S. We tend to focus on historical figures

I made the move recently these things helped me:

1) audits of cash flows, GC, business combinations
2) industry / sector knowledge
3) any BD experience
4) any additional data analytics skills such as alteryx, tableau power BI.
5) report writing skills
6) general understanding of commerciality and business norms in the sector you want to enter.
7) independence and enthusiasm, no one holds your hand in FDD and you have to be fairly self motivated

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I was told there were hiring freezes for FDD until next year..

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