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Principal - Economic Damages

Company Description

SOCOTEC Advisory, LLC., is a subsidiary of Socotec USA, an industry leader in dispute resolution, project advisory, building envelope design, structural failure analysis and energy efficiency consulting services.  As a business within the Socotec portfolio, Socotec Advisory is equipped to provide an enhanced scope of solutions to our client base in terms of project types, risks and technologies. 

SOCOTEC Advisory, LLC., concentrates in two primary areas of expertise – Dispute Resolution and Project Advisory Services. While this focus remains at our core, we are strengthened through our affiliation with our partner companies that also practice in all areas of construction.  It is through these relationships that Socotec can collaborate with over 350 technical experts to position ourselves as a trusted advisor. We consistently provide thorough, independent and cost-effective project evaluations that clients rely on to manage risks and to avoid and equitably resolve disputes. Socotec's Dispute Resolution practice provides expert opinion, reports and testimony in support of schedule and damages claims for owners, contractors, surety and insurance providers. Socotec's Project Advisory practice provides assistance to clients with the on-going management of large, complex construction projects.

SOCOTEC Advisory, LLC., consists of professionals with degrees in the fields of accounting, finance, construction, and engineering with a diverse and complementary set of skills to offer our clients. Socotec Advisory focuses on supporting counsel and their clients in the resolution of disputes and other business problems, including commercial matters, construction claims, surety related issues, and government contracts.

SOCOTEC Advisory, LLC., provides an experienced team of experts committed to serving clients on a full-time basis. The firm’s professionals are skilled in financial analysis, and economic and engineering fact-finding. They are experienced in working with counsel and clients in discovery, negotiation, trial, arbitration, and appeals. The Socotec team includes a mix of Certified Public Accountants*, financial analysts, construction and engineering professionals, and information management experts. Our professionals have the communication and analytical skills required to effectively work with legal counsel and senior management, as well as technical, operational, and administrative personnel. Socotec professionals are dedicated to timely, high quality, and cost effective service in both large and small matters. Our senior professionals have provided expert testimony in federal and state courts, bankruptcy courts, international and domestic arbitrations, regulatory proceedings, and before special administrative boards.

*Socotec Advisory employs professionals with degrees in the fields of accounting, finance, construction, and engineering with a diverse and complementary set of skills; however, Socotec Advisory is not a CPA firm.

SOCOTEC is proud to announce that it has been officially certified as a Great Place to Work by the renowned global authority on workplace culture, Great Place to Work®.

Job Description

The ideal candidate will have a strong background in financial statement analysis, expert report preparation, and experience interacting with clients. They will be responsible for helping lead complex business litigation engagements, building client relationships, and providing insight and expertise on target industries, markets, and competitor information.

This position requires strong analytical and writing skills, project management skills, and the ability to meet deadlines while being detail-oriented. The successful candidate will have a minimum of 15 years of work experience in this field and be proficient in Microsoft Excel and Word.

Additional responsibilities include reviewing and analyzing reports of opposing damages experts, taking on assignments as an expert witness when appropriate, and providing expert witness testimony.

Qualifications

  • Bachelor's or master's degree with a strong quantitative bias (e.g., Business, Economics, Math, Finance, or Accounting)
  • 15+ years of experience in economic damage claims, testimony experience, and a $1mm+ book of business.
  • Relevant experience evaluating economic damages in business litigation cases (10 years minimum)
  • Proficient in Microsoft Excel and Microsoft Word with strong verbal and written communication skills
  • Strong project and people management skills
  • Strong analysis and critical thinking skills

What You'll Do

  • Supervise and perform day-to-day activities in support of forensic and litigation consulting projects including interaction with other SOCOTEC Advisory team members, client personnel, and professionals from other firms involved in the engagement.
  • Perform technical, industry, and company research utilizing online tools and publicly available information, develop work plans and execute analyses to assess complex unstructured problems, assist in preparing reports and schedules summarizing findings that will be delivered to clients and other parties.
  • Applies economic, financial, valuation, and analytical skills to various client situations, specific to client needs.
  • Prepares written presentations, exhibits, and other reports for third parties on the project scope and/or results of activities.
  • Maintain detailed analyses reflecting assumptions, methodologies, and sources of information employed during the performance of all analytical tasks.
  • Supervises more junior team members’ analyses.
  • Work with local Senior Managing Director on practice management and business development efforts.

Additional Information

For more information, please visit www.socotec.us

Job Type: Full-Time

Your information will be kept confidential according to EEO guidelines.

SOCOTEC is an Equal Opportunity Employer.

Average salary estimate

$175000 / YEARLY (est.)
min
max
$150000K
$200000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Principal - Economic Damages, Socotec

At SOCOTEC Advisory, LLC., we are on the lookout for a Principal - Economic Damages to join our dynamic team in Dallas, TX. If you have a knack for financial statement analysis and a passion for guiding clients through complex business litigation, this might just be the perfect opportunity for you! As a Principal, you’ll play a crucial role in leading engagements, building client relationships, and leveraging your expertise across various industries. You'll bring at least 15 years of experience in economic damage claims and expert testimony to the table, helping to evaluate economic damages in high-stakes business cases. Your strong analytical and writing skills will shine as you review reports from opposing experts and prepare compelling expert witness testimony. You’ll collaborate with other professionals, participate in technical research, and ensure detailed analyses are maintained for each project. At SOCOTEC, we pride ourselves on our culture and are recognized as a Great Place to Work, ensuring you're not just building a career, but building a career in a supportive and empowering environment. If Microsoft Excel and Word are your weapons of choice, and you thrive under project management challenges, then we want to hear from you!

Frequently Asked Questions (FAQs) for Principal - Economic Damages Role at Socotec
What are the main responsibilities of a Principal - Economic Damages at SOCOTEC Advisory, LLC.?

As a Principal - Economic Damages at SOCOTEC Advisory, LLC., you will oversee forensic and litigation consulting projects, manage client interactions, and perform detailed financial analysis. Your role will involve supervising junior analysts, preparing expert reports and testimony, conducting industry research, and engaging with both clients and external professionals to navigate complex business litigation.

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What qualifications do I need to apply for the Principal - Economic Damages position at SOCOTEC Advisory, LLC.?

To apply for the Principal - Economic Damages position at SOCOTEC Advisory, LLC., you should possess a bachelor's or master's degree in a quantitative field like Business, Economics, Math, Finance, or Accounting. Additionally, having over 15 years of experience in economic damage claims, as well as proven testimony experience, is essential for this role.

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How does SOCOTEC Advisory, LLC. support career growth for a Principal - Economic Damages?

SOCOTEC Advisory, LLC. is committed to fostering career development, especially for a Principal - Economic Damages. You will have the opportunity to work alongside senior leadership in practice management and business development efforts, contributing to an environment of professional growth and collaboration with over 350 technical experts.

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What technical skills are required for the Principal - Economic Damages role at SOCOTEC Advisory, LLC.?

For the Principal - Economic Damages role at SOCOTEC Advisory, LLC., proficiency in Microsoft Excel and Word is crucial. You also need strong analytical, critical thinking, and project management skills to effectively assess complex financial situations and develop actionable insights.

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What is the company culture like at SOCOTEC Advisory, LLC. for a Principal - Economic Damages?

The company culture at SOCOTEC Advisory, LLC. is recognized as a Great Place to Work, focused on collaboration, expertise, and client-centric values. As a Principal - Economic Damages, you will find a supportive environment surrounded by professionals dedicated to high-quality service and strategic problem-solving.

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Common Interview Questions for Principal - Economic Damages
Can you describe your experience with economic damage claims?

Be prepared to discuss specific cases where you've evaluated economic damages. Highlight your role and the methodologies used during your analysis to illustrate your expertise clearly.

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How do you approach preparing expert reports?

Describe your systematic approach to gathering data, analyzing facts, and structuring reports. Emphasize your attention to detail and ability to communicate findings effectively.

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What strategies do you use to manage client relationships?

Share examples of how you've built trust with clients in previous roles, focusing on communication and ensuring their needs are met throughout the engagement.

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How do you handle opposing experts' reports?

Discuss your analytical approach to reviewing opposing experts' findings, explaining how you identify discrepancies and prepare rebuttals to strengthen your argument.

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What role do you typically play in collaborative projects?

Outline your ability to coordinate with different team members, highlighting your leadership skills while also valuing input from others.

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Describe a challenging project you've managed and how you overcame obstacles.

Provide a specific example of a complex project, detailing the obstacles faced and the strategies implemented to overcome them. Focus on your leadership and analytical skills.

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How do you prioritize tasks when working under tight deadlines?

Explain your time-management techniques, such as breaking down tasks, setting priorities, and using tools to stay organized, particularly in pressure situations.

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What tools or software do you use for financial analysis?

Mention the specific tools you are proficient in, such as Microsoft Excel, and any specialized software that aids in your analysis, showcasing your technical capabilities.

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Can you share an experience where you provided testimony in court?

This is a great opportunity to narrate a specific testimony experience, discussing how you prepared, the approach taken during your testimony, and the outcome.

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What do you think sets SOCOTEC Advisory, LLC. apart from other firms in this field?

Share your perspective on SOCOTEC's unique value propositions, such as its collaborative approach, diverse expertise, and commitment to quality, and connect this to your career aspirations.

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Socotec, headquartered in France, and established in 1953, is a construction engineering company specializing in testing, inspection, and compliance services for the infrastructure, energy, and environment and safety sectors.

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Full-time, on-site
DATE POSTED
January 15, 2025

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