Mr. Alfaro specializes in valuing complex securities including options, warrants, convertible bonds, and preferred and common stock in privately-held companies. He has extensive experience valuing equity awards for ASC 718 purposes and assisting private equity clients with valuation issues related to financial reporting related to their portfolio investments under ASC 820. He also has experience helping clients estimate the value of contingent liabilities, using option pricing theory, including Monte Carlo simulation models and probability-based approaches.
Prior to joining VRC, Mr. Alfaro held positions in complex securities at BDO USA, LLP and Deloitte Financial Advisory Services LLP. He also gained experience at Finnerty Economic Consulting, LLC and LeBoeuf, Lamb, Greene & MacRae, LLP.
He holds a master’s degree in business administration with a concentration in quantitative finance from New York University, a juris doctor degree from Columbia University, a master’s degree in economics from The London School of Economic, and a bachelor’s degree in economics from Swarthmore College.