My current and previous career hold a few similarities: working with interesting people, a need for patience and dedication, wearing smart suits, and opportunities to travel. However, these days when I hear the word ‘modelling’, I have to admit, my mind immediately conjures up visions of complicated excel spreadsheets rather than the catwalks in Milan and Paris of the past. Prior to joining RGL, I was lucky enough to be able to spend four years of my life working as a model, which entailed photoshoots and fashion weeks around the globe.
Financial models are used by many different organisations in financial services to suit various needs. An investment banker or corporate finance analyst may use models for proposed transactions involving new capital or debt structures. A private equity firm may use models for valuation projections. Here at RGL, we can use modelling to encompass any or all of the above, but a critical use of modelling for our clients is quantification of damages in complex loss scenarios, whether that be in insurance or litigation.
In my relatively short time at RGL thus far, I have been involved in a variety of different projects requiring models to be built as the work product for the client, and these models are required to be both robust and flexible (that could go for both male models and financial models, in fact). Building financial models for our clients enables us to better fulfil our primary purpose as forensic accountants: making the complex, simple. In our calculations, analysis of this sort gives us the ability to be more dynamic, take account of more numerous and changing scenarios and present their impact in a way that appears clear to our clients. In the spirit of the modelling theme of this piece, think of them as the reverse of Derek Zoolander: chiselled and meticulous on the inside, very, very simple on the outside.
People often ask me if I miss the old days of modelling. The honest answer is both yes and no. I used to only have to work for about 25 days a year and now I have 25 holiday days a year! Fashion and finance are two very different worlds, but, like the clothing, one has a limited shelf life. I don’t regret the timing of switching careers at all and it is mostly the intellectual rigour offered to me as a forensic accountant that keeps me motivated to come back for more every day.