Vincent Covrig is a partner in advisory at Crowe Advisory LLC 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