Vincent Covrig - Large

Vincent V. Covrig

Principal

650 Town Center Drive

Suite 740

Costa Mesa, California 92626-7192

United States

Vincent Covrig is a principal in the Crowe LLP advisory services group specializing in providing financial transaction valuations in the areas of:

  • Securitization and financial derivatives
  • Fixed income
  • Custom modeling
  • Earn-outs
  • Statistical tests for securities litigation


Vincent has published significant research results and taught graduate, undergraduate, and corporate training classes at domestic and international universities.

Experience

Financial Reporting

  • Assessed risk models and statistics for a large bank capital markets groups
  • Analyzed the value of securities held by failed credit unions for a national regulatory agency
  • Independently tested the valuation of multibillion dollar asset-backed securities for one of the largest small business lenders in the U.S.
  • Reviewed financial reporting of CDOs, trust preferred, equity, and interest rate swaps
  • Evaluated the residual interest in a securitization involving subprime auto loans
  • Provided valuation of “cheap stock” for a “blind-pool” REIT
  • Assessed a complex bank loan portfolio sale agreement involving nonstandard options, notes, and warrants
  • Determined the value of PIPE deal securities on behalf of unsecured creditors
  • Developed an approach to value several issues of convertible preferred and common stock
  • Analyzed the market price of an illiquid stock for a publicly traded company
  • Provided the value of a real estate swap for controlling market risk
  • Developed a binomial lattice model to value Employee Stock Options (ESOs)

Tax

  • Developed a contingent claim analysis method to value the common stock for a venture type private company for tax purposes
  • Valued a portfolio of auto loan receivables using a specialized model to determine tax value

Professional Affiliations

  • CFA Institute member
  • American Finance Association member
  • American Society of Appraisers member

Education

  • Doctor of Philosophy (PhD), Quantitative Finance and Economics
    Arizona State University
  • Bachelor of Science, Electrical Engineering
    Polytechnic University