Robert D. Rader

Education:

West Virginia University, Ph.D. in Economics (1975)

Summary of Current Professional Experience:

Developed computerized methodologies for valuing debt instruments, including bonds, term loans and collateralized mortgage obligations (CMOs), as well as a 20-factor credit rating algorithm for evaluating issuer creditworthiness. Developed fully integrated computerized templates for valuing nontraded equities using market and income approaches . Developed, refined and implemented a regression technique using comparable companies' data for valuing closely-held companies.

Detailed knowledge of all aspects of financial operations and analysis, including long and short-term integrated financial forecasting, reporting of financial results, analysis of profit/cost centers, determination of optimal capital structure for a firm, corporate valuations, project payback/ROI analysis, capital debt analysis and business plan preparation.

Summary of Prior Experience:

Prior experience includes thirty years of progressively responsible experience in applied research concentrated in general business forecasting, state fiscal studies (revenue and expenditure analysis, financial reporting, debt analysis, short and long-term revenue forecasting), regional economic studies, generating published reports and overall program management (budgeting, personnel supervision and overall administration). Also taught graduate course in strategic management.

Positions Formerly Held:

Assistant State Comptroller (1993-1998); Director, Bureau of Revenue Estimates (1973-1993); Adjunct Assistant Professor, University of Maryland University College Graduate School of Management and Technology (1991-1994); Supervisor, Property Assessment Measurement Unit (1970-1973); Graduate Assistant, Bureau of Business Research (1968-1970).

Selected Professional Publications:

County Personal Income in West Virginia (1962-65): A Computerized Approach for Rapid Turnaround. Morgantown: West Virginia University Bureau of Business Research, 1968, 275 pp.

"New Hope for the Property Tax", Assessors' Journal 8:37-50, July 1973.

An Alternative to the Current Method of Assessing Property for Tax Purposes in Kentucky. Ann Arbor: University Microfilms, Inc., 1975, 178 pp.

"Maryland's Individual Income Tax Forecasting System", NATA Conference on Revenue Estimating, 1981: Presentations on Revenue Estimating Procedures. Washington, D.C.: National Association of Tax Administrators, 1982.

"Using Microcomputers to Forecast Highly Cyclical Revenues" , NATA Conference on Revenue Estimating, 1983: Presentations on Revenue Estimating Procedures. Washington, D.C.: National Association of Tax Administrators, 1984.

"TARGETS: An ARRM Model for Budget Forecasting", Micrometrics . Cheshire, CT: Micrometrics Institute, February 24, 1984.

Forecasting with LOTUS 123: A Template Approach. (unpublished monograph), 179 pp.

Handbook on Financial Forecasting and Analysis. (work in progress; estimated completion date 2003)