VP Of Research And Development At A Bankruptcy Information Company
Job Title: Vice President, Research & Product Development
Education: BS in Business Management, State University of New York (SUNY) at Plattsburgh
Previous Experience: I worked in human resources for three years at a major accounting firm before working the corporate recovery practice doing research on bankruptcies which I did there for almost eight years before getting laid off and getting this new job also do bankruptcy research.
Job Tasks: The company I work for creates a bankruptcy publication and provides bankruptcy research services. We maintain two databases, one on distressed companies and the other on bankruptcies and publish newsletters based on this. We have an extensive database dating back to 1986 on the publicly traded companies that have filed for bankruptcy. We put out two weekly newsletters, two monthly newsletters and an annual yearbook and almanac.
I am the editor of one of the weekly newsletters and the annual yearbook and almanac. I also maintain the database of bankruptices and also contribute extensively to our other weekly newsletter and one of the monthly newsletters on bankruptcies as data editor. The weekly newsletter that I edit is on companies showing signs of distress that follow a certain criteria that we have set up.
The annual yearbook and almanac is produced annually in about 3-4 months. This basically compiles all the data and research we have been tracking all year round in our daily jobs on both distressed companies and companies in bankruptcy. We are the only research firm that tracks publicly-traded companies and provides statistics on them to the press and other sources. We are coming out with a news bi-weekly newsletter next week on the bankruptcy professional and I will also be a data editor on that publication. In that publication we will be looking closely at the professionals hired during the bankruptcy practice and their role in the bankruptcy. We will be interviewing and tracking statistics on hirings and also fees these professionals are making in the bankruptcy court.
Best and Worst Parts of the Job: I honestly and truly find bankruptcies exciting - I have the knowledge of the process after researching them for over 12 years now. I don't know what I would do with this knowledge if I wasn't working in this industry,
The worst part of the job is that companies actually file bankruptcy at 5:00 pm and sometimes on the weekends, so I am working all hours of the day and week. Other issue we have is that we are understaffed.
1. The bankruptcy process is actually pretty boring, so it may take some getting used too, but it is an interesting process so just stick with it.
2. The professionals in the bankruptcy industry are actually one of few that are making money this year - attorney's are charging $900/hour as are financial advisors. This is where the money is and you talk to these people because they are our clients subscribing to our publications, so you can make some good connections.