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Principal - Economic Damages

Socotec

Dallas, TX, United States permanent

Posted: January 14, 2025

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Quick Summary

As a Principal - Economic Damages, you will be responsible for providing expert advice on economic damages, including assessing and mitigating losses, and developing strategies to minimize damages.

Job 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®.

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.

• 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.

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.

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