I have three years for private accounting background. I then jumped to audit at National CPA firm. Eight months later, after the first busy season, I was laid off. I accepted Field Examiner’s position, where my work invoices examining books of asset based borrowers for banks and other Financial Institutions (ABL Lending).
These turn of events caught me off-guard. When I worked in audit. I had an understanding of possible career trajectories, and was very happy with the options that they were presenting. I am new to the ABL field, and have no clue as to where it could lead in terms of professional/career development.
I would appreciate advice on the following:
- With Audit background, one could transition into either public (TA, M&A) or private sector (for example: Controller). Where could one working for ABL (Exams of ABL) transition into?
- I would like to enter Transactions Advisory (TA), M&A or any other “coveted” accounting fields. Is it possible, given my current professional background?
- I live in NYC and would eventually like to work in Financial Services Industry (Hedge Funds, P.E…). Would my ABL Examiner’s experience help me with it?
- Audit background is very transferable. In general how transferable is ABL Experience?
I apologize in advance for so many questions. I thought this was the easiest way to present my conundrum.