Yes, TRANSLATING is a Scrabble word!

Letter values in Scrabble US: T 1, R 1, A 1, N 1, S 1, L 1, A 1, T 1, I 1, N 1, G 2.

Is it a valid word?

TRANSLATING is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

restate (words) from one language into another language
change from one form or medium into another
make sense of a language
bring to a certain spiritual state
change the position of (figures or bodies) in space without rotation
be equivalent in effect
be translatable, or be translatable in a certain way
subject to movement in which every part of the body moves parallel to and the same distance as every other point on the body
express, as in simple and less technical language
determine the amino-acid sequence of a protein during its synthesis by using information on the messenger RNA