The investigation of a corporation is typically the focus of each type of due diligence job. Due diligence is the process of assuring a potential buyer or investor that a company is solid, well-funded, and has a loyal customer base. Due diligence jobs are available in a variety of fields, including finance, law, and engineering.
When a company’s CEO wants to merge with or buy another company, he or she usually hires a legal team that specializes in due diligence issues. In addition, each company is likely to have a due diligence team made up of investigators who go over the targeted company’s financial records, employees, history, legal status, and other categories as needed. Bank records, domestic and foreign business holdings, assets, liabilities, and the company’s solidarity are typically examined by investigators.
The due diligence analyst is another type of due diligence job. An analyst may be the one who conducts the investigation or receives and analyzes the data gathered by an investigator. A company may have a pre-approved checklist for the investigator and analyst to use in evaluating a potential merger company. This assessment list typically includes items such as employee trustworthiness, whether the company’s standing with the state in which it is located is on record, and whether the company has gone through any difficult times. The analyst usually goes over all of this data and creates an overall picture of the company, which is then presented to the CEO.
Another type of due diligence job is that of a due diligence lawyer. This person is usually in charge of understanding corporate law and the due diligence process. He or she usually makes sure that all legalities are taken care of and that all paperwork is sent to the appropriate government agencies.
With only experience in real estate and low-income housing taxes, a person could find work as an analyst with a finance company in the due diligence field. For all due diligence jobs, however, the majority of companies require at least a bachelor’s degree in business administration. Marketing, finance, and accounting are some of the other degrees that may qualify. Some agencies require certified public accountants to work as due diligence analysts (CPA).