Acquisitions Finance Manager

Acquisitions Finance Manager

IVC Evidensia UK

Keynsham

Permanent, Full time

Competitive

Posted on 16/03/2023

Acquisitions Finance Manager Salary: Competitive Location: Keynsham, Hybrid-Working About IVC Evidensia IVC Evidensia is a global veterinary care business, based in the UK, with around 2,500 locations and 41,000 people, focused on delivering their purpose of healthy animals, and happy owners. IVC Evidensia provides outstanding care to animals and outstanding service to customers, invests in the careers and development of their people and the capabilities and quality of their premises, while being a force for good as an ever more sustainable business. About the role You will be working closely with the Group Head of Finance of Acquisitions and Group Senior FinanceManager of Acquisitions and will be delivering and controlling all the financial and tax activities within the surgery acquisition process. You will also be contributing to the company's group strategy, whilst ensuring high-quality surgery groups are acquired with a full understanding of all financial and tax matters from the due diligence process, whilst protecting the company from onboarding inappropriate activities/processes with all risks managed and mitigated. You will also be maintaining and managing strong working relationships with our external due diligence providers (Financial, Tax and Legal) and M&A teams and continuously working to improve processes and build on relationships across the group. Key Responsibilities:

• Responsible for the management of the outsourced Financial Due Diligence (FDD) providers, to ensure FDD is completed in line with IVC processes, and timescales and they are resourced to meet the needs of IVC and never slow the pace of acquisitions.
• Responsible for the review and recommendation to the Group CFO to approve FDD and the associated Investment proposals. Ensuring FDD and investment cases are produced to a high level of quality and that have picked up all issues highlighted from Legal Due Diligence (LDD) and Tax Due Diligence (TDD) right up to the point of completion.
• Responsible for the management of the outsourced Tax Due Diligence (TDD) providers, to ensure TDD is completed in line with IVC processes and timescales, and they are resourced to meet the needs of IVC and never slow the pace of acquisitions.
• Responsible for the review and recommendation to the Group CFO to approve TDD. Ensuring all tax issues are fully understood, communicated to lawyers to ensure IVC are protected, and communicated to the Finance Integration team to ensure inappropriate practices are immediately stopped at acquisition. Ensuring we never onboard inappropriate levels of tax risk and IVC are fully protected.
• Working with the lawyers to identify as early as possible where acquisitions may have a consumer credit licence and require FCA change of control. Ensuring FCA change of control is approved before completion
• Working with the lawyers in the early stages of due diligence to flush out complex legal structures and ensuring the legal structures we are onboarding are properly understood, are performing no illegal activities
• Ensuring all acquisitions are compliant with our Investor agreement and Banking agreement and if not highlighting immediately to the Group CFO, not allowing anything to complete that is not compliant.
• Reviewing disclosure letters and LDD for any financial or tax matters of concern and acting accordingly/escalating/adjusting investment cases
• Reviewing and signing off funds flows
• Ensure all financial, tax and legal matters identified during DD are documented and properly handed over to the relevant post-completion team
• Ensuring vital data collected during diligence plus all legal completion documents are transferred across into our systems post-completion in a timely manner
• Ensure investment cases are properly handed across to the main Finance team and communicated fully.
• To be the "balance" and the guardian of the financials to ensure the acquisitions team remain financially disciplined.
• Prepare review and challenge the post-acquisition trading performance.
• Other projects as defined by the Group Head of Acquisition Finance and Group Senior Finance Manager - Acquisitions.

What we look for in you

• Strong academically - educated to degree level and have completed their professional accounting qualification. ACA or equivalent qualification.
• Must have worked in a Top 10 accounting firm in Transaction Services (or wider Corporate Finance experience) and have significant end-to-end deal experience/managing a process.
• Awareness of completion account mechanisms (locked box vs completion accounts).
• Thrives in a fast-paced, constantly changing environment - flexibility is key.
• Hands-on, no task too small, will do whatever is required to facilitate a deal.
• Broad understanding of legal and tax matters sufficient to be able to identify issues when presented and challenge both lawyers and tax advisors in their areas of expertise.
• Sufficient level of gravitas and communications skills credibly challenge the M&A teams across all jurisdictions we currently operate in.
• Strong attention to detail, and able to deliver right-first-time results quickly without getting lost in the detail.
• Deadline focussed and managing workload with competing priorities. Must be willing to put in the effort required to ensure they always meet them
• Self-starting individual comfortable with working independently and ability to self-motivate/ regulate.
• Pro-active approach to CPD and keeping abreast of any changes to accounting standards, particularly on how these impact acquisitions.
• Occasional international travel is necessary.
• Comfortable working within a clinical environment where compassion is a requirement.

What you get in return: True to our values, we care about our employees and genuinely want our teams to have the best experience at work possible. You will work with friendly teams in a modern, open-plan, dog-friendly, office environment. Our benefits:

• 5 weeks holiday (increasing with service) plus bank holidays
• Your birthday as a paid day off each year
• Discounted veterinary fees within IVC practices
• Company pension
• EAP and supportive well-being programmes
• Single private healthcare
• Family-friendly policies

Please visit: https://ivcevidensia.co.uk/our-culture to find out more! IVC Evidensia is partnering with Cogito who are supporting our recruitment and helping to attract the best talent. How to Apply: Please follow the link to Cogito's website. https://apply.cogitotalent.com/vacancies/1590/apply/ Please don't delay submitting your application. Where roles are urgent or we receive a high volume of applications, we may interview and conclude the process prior to any closing date indicated.
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IVC Evidensia UK