EY - Strategy & Transactions Role - Transaction Diligence/Financial Due Diligence - CA

EY - Strategy & Transactions Role - Transaction Diligence - Financial Due Diligence

Strategy & Transactions - Transaction Diligence

- The potential for error is high in an environment where speed is critical. Companies looking for local and global deals face strong competition for quality assets and stakeholder scrutiny regarding acquisitions. M&A success starts with comprehensive diligence, it's the only way to understand if the deal is the right decision at the right price.

- As a part of Transaction Diligence team 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.

Our core work is Transaction diligence:

- Assessing an acquiree/investee company's financial performance and business projections.

- Understanding the transaction rationale and validating it.

- Identifying potential risks and transaction mitigants, and reporting on these to our clients, their banks, investors and other parties, and

- Assisting clients on the transaction documents and transaction matters (pre-& post- closing).

The Opportunity:

- You will be working with the leading Transaction diligence service firm alongside experienced Transaction diligence professionals, where you will learn and develop the skills you need to perform due diligence across a range of situations and sectors.

- As you progress your career with EY to become a Transaction diligence specialist, you will have the opportunity to work on more complex transactions, increasingly lead teams, develop sector expertise, begin to build relationship with our clients and other members of the corporate finance community and take on broader roles within our business.

Your key responsibilities:

Client service delivery/execution:

- Execute the work on a multiple client base.

- Assume near independent responsibility for smaller clients

- Develop rapport with middle layers of client management

Risk Management:

- Ensure compliance with risk management strategies, plans and activities.

- Understand the concept of risk management and be able to bring to focus risk issues on client assignments and take issues to the notice of the manager/supervisor

Knowledge Management:

- Support knowledge sharing efforts and improve processes so that the work team can capture and leverage knowledge Networking & Identification of opportunities

- Start identifying new opportunities for existing clients and communicates to manager

- Network internally within the peer group and other levels in the firm in order to gain understanding of issues that may impact issues with his clients

Skills and attributes for success:

- Handled statutory audit assignments earlier

- Strong Knowledge or experience in the areas of financial statements including revenue.

- Strong conceptual knowledge of Company's Act/New Company's Act

- Strong understanding of Indian Accounting Standards; recent changes that happened in Indian Accounting Standards 115/116 - Accounting Standards 22, 19, 3, Fraud Investigation, IFC, etc.

- Knowledge about recent changes in accounting or understanding of accounting (Sales cut off/Sale return/material margin), regulatory changes (Gratuity or PF or ESIC).

- Knowledge about Audit reports KAM + CARO (Company Auditor's Report Order)

- Overview of ICFR (Internal Control over Financial reporting)

- Knowledge about IFC - International Finance Corporation

- Knowledge about CSR (corporate laws) & recent changes

- Strong Knowledge about Audit Procedures/Audit Reports (CAM/ICAM)

- Understanding of business performance measures - Margins, EBITDA, working capital etc. required for FDD. Adequate reasons for movements and change in contribution margins with reference to business and items impacting financial statements.

- Provision of Section 186 & 185 of Companies Act

- Procedures required for testing of revenue or employee costs- Overstatement of revenue or fictitious employees.

- Knowledge of ratios, Basic procedures to be performed for testing trade receivables and employee costs etc. + significant audit procedures like employee cost, finance cost, etc.

- Procedures to be performed for diligence for basic area - like understatement of costs or cash leakages, etc.

- Knowledge about disclosure requirement

- Knowledge about Income Tax (PGBP)

- Ability to prioritize work on multiple assignments & manage ambiguity

- Strong written and verbal communication skills,

- Clarity of thoughts and assertive,

- Strong Analytical Skills

To qualify for the role you must have:

- Chartered Accountant with good academic background and 1+ years of relevant post qualification work experience

Designation: It will be decided based on your experience and performance during the interview.

Preference will be given to candidates who have:

- Statutory Audit Experience or Due diligence experience as part of M&A team in industry or Big 3 CA firms

Ideally you'll also have:

- Strong communication, facilitation, relationship-building, presentation and negotiation skills.

- Be highly flexible, adaptable, and creative.

- Comfortable interacting with senior executives (within the firm and at the client)

- Strong leadership skills and supervisory responsibility.

What we look for:

- People with the ability to work in a collaborative way to provide services across multiple client departments while adhering to commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions.

What working at EY offers:

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.

About EY:

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.