Just wondering should I talk about a certain aspect of my job in interviews.
I work with distressed companies and as part of this we keep very up to date cash book models. A company could have dozens of bank accounts and these models track all outstanding cheques and lodgments and transfers basically giving us a view of the true cash position of the company (rather than relying on bank statements).
Its a large linked excel spreadsheet thats updated regularly so essentially the same as cash flow forecast / valuation models (which I do some of as well) but Im wondering does it sound a bit back officey to mention in interviews...should I play this aspect down?
Spin it as you will. Is it "modelling"? Probably not. Modelling is not really looking at bank statements and building a cash position xls file. I have done these and while you may have some look-ups and links going, it is nothing like running cash sweep and interest expense calcs on an LBO model. It is important to know how to input things (comps), but on WSO modelling is about understanding a companies operations. However, if I was you I would most certainly write "advanced cash flow modelling" or something on the resume. No questions about that.
this is not modelling. do not write advanced cash flow modelling on your resume or be prepared to get grilled on stuff that you don't know.
True, but getting grilled in an interview and not getting the job > no interview
That's not a model. Sine que non to a model is that projections drive the underlying predictions of future cash flow, whether it be revenue, ebitda, fcf, etc. This doesn't even sound like a 13-CF that is customarily created in restructuring which is a model, albeit just modeling the CFO statement, since that is only used to forecast liquidity.
Its not when I grill and embarrass you in an interview for lying on your resume. If you actually do operating / forecast valuations and models then you can outline in your resume but be prepared to describe in detail during your interview. My recommendation would be to spend a week or two taking a modelling course or just use online resources such as http://macabacus.com/ or http://pages.stern.nyu.edu/~%20adamodar/
Good luck.
Its all about how you can spin your experience but doesn't sound like modeling. Anything on your resume or cover letter is fair game for them to rip you apart so be careful. Back when I went through recruiting in one of my first interviews I told them I did a modeling course online to help with my summer internship and they crushed me. Even though I had done the course and did some template modeling in my internship...I got crushed. Tread carefully...
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