Can someone at EY help me understand this role? The title is “Strategy & Transactions Manager - Transaction Diligence- Mergers & Acquisitions”
Is this role heavy on the accounting side? I noticed it required a cpa. I have a background in finance but am not looking to do strictly accounting work (balance sheets, statement of cash flow, income statements)
I’d like to do more on the cdd side. EY
Pro
Previously:
Overarching department was TAS - transaction advisory services, FDD + legacy EYP + TSE + Restructuring + some others sat under this umbrella
Now:
Overarching department is SAT - Strategy and transactions. With sub departments.
FDD still sits under SAT under a sub department (although not sure which one)
EYP is now a sub department which sits under SAT and is split into three teams
EYP- Strategy (legacy Parthenon)
EYP - TSE (Ops/IT M&A work)
EYP - TRS ( restructuring)
Essentially for CDD / Strategy work you want to look for SAT-EYP-Strategy
Thank you very much. Looks like the below would be the right spot to be looking.
“Strategy and Transactions – EY Parthenon – Strategy – Manager – Advanced Manufacturing and Mobility (Multiple Positions), Ernst & Young U.S. LLP, New York, NY.”
Chief
It says financial diligence in the post.
This reads like our previous TAS team, now part of EY-P. Mostly focused on M&A consulting
Nope sir TAS is not EYP.
TAS is now SaT, EYP sits under SaT along with Transaction Diligence and Corporate Finance (IB, Valuations and Modeling, etc).
Transaction Diligence is what is commonly known as FDD in the accounting world, not strategy work.
I’m in this group, SaT TD. It’s Financial Due Diligence - works closely with deal-based work and mainly consists of people with a CPA/audit background.
Apologies for the blurry screenshot. Not sure why it came over like that. Here is the text
As a Transaction Support Manager you'll be right at the heart of the action. You'll work with many of the world's largest organizations, fastest-growing companies and private equity firms on some of the most complex deals. You'll be advising our clients throughout the diligence lifecycle on key drivers to increase value and reduce the risks and uncertainty inherent in transactions.
The opportunity
You'll be working in a team environment with financial due diligence professionals on a variety of projects across a range of sectors. Our team works to understand the client's business profit drivers and trends, as well as challenge assumptions of future performance and assist with purchase agreements and post-closing transaction matters.
Your key responsibilities
As a Manager in Transaction Support you will be a vital member of the team managing and executing financial diligence project work. You'll be focused on analyzing financial data and identifying key trends behind the performance of a business, discussing business performance and forecast assumptions with senior team management, and helping to write reports that set out our findings and recommendations around the key financial and business issues in a transaction. You will also be helping develop staff and seniors ensuring their career development.
Skills and attributes for success
Handling financial due diligence engagements.
Analyze financial and operational results of businesses to be acquired or sold through reviewing accounting records and conducting interviews with management.
Assist clients in the preparation of SEC filings.
Identifying negotiation factors for purchase price and deal structuring.
Constantly researching industry trends and technologies, as well as seasonality and cyclicality on cash flow requirements to provide knowledge and insight to clients.
To qualify for the role you must have
A bachelor's degree in Accounting or Finance and 5 years of related work experience; or a graduate degree and approximately 4 years of related work experience supported by an active CPA certification.
Significant public accounting experience.
Yeah you want EYP not Transaction Diligence
Now look for listings in Parthenon
Looks like the kind of job for someone with audit experience
who are you on the phone with?
I can’t speak for EYP in full clarity, but FDD focuses more around historical P&L/BS/Net Working Capital and the financial trends on the business.
EYP is more focused on CDDs, which cover analyzing the business from a strategic standpoint (market sizing, product lines, business plan, research, etc.)
FDD would typically exit to more financial-based roles, while EYP seems to be a strategy-based exit where you could head to another strategy firm (saw a lot of guys go to Roland Berger from EYP while in Europe), or do strategy at a corporate company.