Full Time Associate, Financial Due Diligence
About Common Trust
Common Trust is on a mission to facilitate the transition of the three in five small businesses that will seek a sale over the next decade into employee ownership using Employee Ownership Trusts (EOTs). While EOTs are a newly emerging trend in the United States, over the last 8 years they have grown to 1 in every 20 private sales in the UK. Working directly with selling business owners, their teams and capital providers, we offer a unique combination of advisory and financing solutions that allow business owners to access a financially competitive exit, while protecting their business, people and legacy. With over $250 million in asset value shifted, we’re proud of the impact we’ve had on employees and community owners across the nation.
We’re committed to creating a more prosperous and competitive economy through shared ownership. By joining Common Trust, you won’t just be taking on a job – you’ll be part of a mission-driven team working to make a tangible difference in the lives of business owners, employees, and communities.
About the Role
Reporting to the Head of Client Services, the Associate for Financial Due Diligence will be a critical member of the small and growing Delivery team serving clients who are exploring a transition to an Employee Ownership Trust. The Associate for Financial Due Diligence will lead financial due diligence by analyzing the company’s financial health, preparing valuations, and building financial models that compare various capital structures to facilitate employee ownership buyouts. The Associate for Financial Due Diligence is a client-facing role and will participate in and present their analysis in regular client meetings.
This role is remote. Team members are currently based on Eastern and Pacific time zones.
Essential Functions and Responsibilities
- Analyze company financial statements and forecasts to assess quality of historical and pro forma EBITDA, key financial ratios, pro forma working capital and cash flow requirements and discuss findings and analysis with management
- When necessary, support the client in preparing financial forecasts
- Conduct valuation analysis for companies typically ranging from $10M to $100M in enterprise value
- Develop dynamic financial models that include potential recapitalization scenarios and cash flow sensitivity analysis that address client’s goals
- Prepare and present client presentations and/or deliverables
- Provide project management and client management as needed during the client engagement process
- Collaborate with fund management / investment team on initial financial and business due diligence
- Support the team in preparing capital raise materials
An ideal candidate will value:
- Our mission to build a more prosperous and competitive economy through shared ownership;
- Identifying creative and innovative transaction structures to address our client’s goals;
- Building authentic relationships with small business owners, senior leaders, and workers of various backgrounds across the US;
- An opportunity to build new systems and processes and take initiative on a small and growing team;
- Collaborating with a highly supportive and fun team that balances autonomy and interdependence;
- Adaptability and willingness to work on a small team and take on the range of tasks necessary to deliver a high quality product to clients, solve hard problems, and take initiative on improving processes.
Experience and Qualifications
- Preference will be given to candidates with 4+ years experience conducting financial due diligence for small and mid-sized businesses within the transactions or financial advisory team of an accounting firm;
- Candidates with 4+ years of experience underwriting and structuring deals for small and mid-sized companies at an investment bank or private equity firm will also be considered;
- Strong financial modeling skills;
- Experience preparing company valuations;
- Experience normalizing financial statements for small and mid-sized businesses as a part of an M&A process;
- An attention to detail and excellent execution including project tracking and organizational abilities;
- Strong verbal and written communication skills, including communicating with stakeholders of various financial acumen;
- Ability to work on a small, fast paced, remote team;
- Strong ability to manage up and keep stakeholders up to date on progress, challenges; and proposed solutions;
- Comfort with Google Workspace and Slack.
Compensation and Benefits
The role will receive a comprehensive benefits package that includes:
- $90,000 – $120,000 per year, commensurate with experience, and with additional compensation tied to portfolio performance, as well as including company standard benefits:
- Unlimited time off
- Remote and flexible work schedule and environment
- 401k retirement plan
- Stipend for work-from-home expenses
- Access to health/dental/vision plan
- Participation in company equity incentive programs
Common Trust provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, creed, national origin, sex, age, religion, disability, sexual orientation, gender identity or expression, marital status, familial status, military status, height and weight, genetic predisposition or carrier status, arrest record, or any other characteristic protected by federal, state or local laws. We strongly encourage people of color, people with disabilities, women, and LGBTQ candidates to apply.