Vesta Software Group on cord

Vesta Software Group

Financial Analyst

External position
Remote in UK
Hiring internally for Vesta Software Group?
Investment
They buy and sell. We acquire, invest & grow… forever!
Posted
2 weeks ago
Checked
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6 hours ago

Skills & Experience

Job roles: Finance/Accounting
Experience level: Mid
Core skills considered: FinancialForce, Financial reporting, Financial strategy, Corporate finance
Other skills considered: Business Analysis, Data Analysis, Excel

Logistics

Base salary: Undisclosed
Some companies on cord are unable to disclose salaries publicly due to internal company policies. Message the company for salary information.
Employment type: Permanent
Remote working: Remote
Work from: Within United Kingdom
Visa sponsorship: Not available

Job Description

To provide dedicated financial screening, modelling and Investment Committee preparation support for acquisition opportunities across Pallas Software Group. The role matures the financial insights on targets, so that every Portfolio Manager has early access to rigorous, consistent analysis that can advance the PQs and Modelling before handing across to the M&A Execution team for final checking and approvals.

The role sits within the Finance function already attached to the Pallas Portfolio, working across all Portfolio Managers. The resource is deployed flexibly to whichever Portfolio Manager has a live origination or diligence need at a given time, working under the direction of the Finance Director to prioritise across competing demands.


Scope of Coverage

  • Verticals: all software verticals held across the Pallas Software Group portfolio. The role is not dedicated to any single vertical and takes direction from the Finance Director on where to prioritise effort.
  • Geography: United Kingdom and Ireland as the core market, extending to other European geographies as individual Portfolio Managers' mandates require.
  • Deal types: platform acquisitions and bolt, on acquisitions into existing business units, as directed by the relevant Portfolio Manager.
  • Deal size: predominantly owner, managed and founder, led businesses below the size threshold that attracts a competitive banked process.

Key Responsibilities

Screening and origination support

  • Screen inbound and adviser, introduced opportunities, from any part of the group, against group investment criteria and hurdle rates, recommending pursue, watch, list or pass with a written rationale.
  • Maintain and refresh target maps and market intelligence for the verticals each Portfolio Manager is actively assessing, using public, paid and proprietary sources.
  • Support Portfolio Managers' adviser and intermediary relationships by logging opportunities promptly and coordinating timely follow, up.
  • Monitor market events, funding rounds, leadership changes, competitor acquisitions and distress signals and flag relevant opportunities to the appropriate Portfolio Manager.

Modelling, analysis and execution

  • Build acquisition models from source data: revenue quality and recurring revenue analysis, customer cohort and churn analysis, maintenance and net revenue retention trends, normalised EBITDA, working capital, cash conversion, IRR and payback under base, downside and upside cases.
  • Prepare Investment Committee papers and offer support material, investment thesis, valuation range and bridge, key risks, integration assumptions and returns scenarios.
  • Support the central execution team and Portfolio Managers in coordinating due diligence workstreams across finance, legal, technical and people contributors; maintain the diligence tracker and issues log; translate findings into model and price adjustments.
  • Support deal structuring: consideration split, earn, out mechanics and metric definition, deferred consideration, escrow and set, off, and operational ring, fence provisions.
  • Track post, completion performance against the acquisition model and feed variances back into future underwriting, across all portfolios the role has supported.

Pipeline management and reporting.

  • Own pipeline management jointly with the BD Manager: the BD Manager owns origination and outreach volume, this role owns the financial qualification and status of each target, and the two work from a shared, current view of the pipeline.
  • Own the capturing of notes and information recorded in the group CRM, on behalf of whichever Portfolio Manager the work relates to.
  • Produce a standing pipeline report for the Portfolio and Finance Director covering coverage by vertical and geography, stage conversion rates, and pipeline ageing across the group.
  • Maintain a competitive and valuation reference set spanning the verticals in which the group is active.

Essential

  • Minimum of 2 years experience in a financial analysis role with direct exposure to M&A: transaction services, corporate development, lower midmarket M&A, or growth/debt finance
  • Genuine modelling capability - able to build an acquisition model from messy management accounts and a trial balance without a template, and to defend the assumptions in front of an Investment Committee.
  • Understanding of software business economics: recurring revenue, retention and expansion, gross margin structure, implementation and services drag, and hosting costs.
  • Comfortable working across multiple stakeholders and priorities at once, taking direction from the Finance Director on where to focus effort at any given time.
  • Credible with a Portfolio Manager and a founder's finance director in the same week. Writes clearly and concisely.
  • Self, directing, with sound judgement on when to escalate and when to proceed.

Desirable

  • Exposure to vertical market software, in any sector.
  • Experience in a buy, and, build, holding company or serial, acquirer environment with a high, volume, small, ticket deal model.
  • Familiarity with earn out design and post, acquisition performance measurement.
  • Working knowledge of share purchase agreements, disclosure letters and warranty and indemnity insurance, sufficient to work effectively with counsel rather than to replace them.
  • Additional European languages considered a bonus
Financial Analyst at Vesta Software Group
Position posted 2 weeks ago

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Starling Bank on cord

Starling Bank

Full Stack Engineer (ML Ops)

London, UK
FinTech · Banking · Finance
A better bank for everyone
Active
over 6 months ago
Responds to
0% of requests
Responds in
1h 55m
Requests
7 pending

Skills & Experience

Job roles: Full Stack
Experience level: Mid, Senior
Core skills considered: Java, React, Redux, AWS, JavaScript

Logistics

Base salary: £70K - £110K
Employment type: Permanent
Remote working: Hybrid (up to 2 remote days p/w)
Visa sponsorship: Not available

Job Description

Starling is the UK’s first and leading digital bank on a mission to fix banking! Our vision is fast technology, fair service, and honest values. All at the tap of a phone, all the time.

Starling is the UK’s first and leading digital bank on a mission to fix banking! We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way.

We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.

Our technologists are at the very heart of Starling and enjoy working in a fast-paced environment that is all about building things, creating new stuff, and disruptive technology that keeps us on the cutting edge of fintech. We operate a flat structure to empower you to make decisions regardless of what your primary responsibilities may be, innovation and collaboration will be at the core of everything you do. Help is never far away in our open culture, you will find support in your team and from across the business, we are in this together!

The way to thrive and shine within Starling is to be a self-driven individual and be able to take full ownership of everything around you: From building things, designing, discovering, to sharing knowledge with your colleagues and making sure all processes are efficient and productive to deliver the best possible results for our customers. Our purpose is underpinned by five Starling values: Listen, Keep It Simple, Do The Right Thing, Own It, and Aim For Greatness.

Hybrid Working

We have a Hybrid approach to working here at Starling - our preference is that you're located within a commutable distance of one of our offices so that we're able to interact and collaborate in person. We don't like to mandate how much you visit the office and work from home, that's to be agreed upon between you and your manager.

Our Data Environment

Our Data teams are excited about the value of data within the business, powers our product decisions to improve things for our customers and enhance effective and agile decision making, regardless of what their primary tech stack may be. Hear from the team in our latest blogs or our case studies with Women in Tech.

We are looking for talented data professionals at all levels to join the team. We value people being engaged and caring about customers, caring about the code they write and the contribution they make to Starling. People with a broad ability to apply themselves to a multitude of problems and challenges, who can work across teams do great things here at Starling, to continue changing banking for good.

Requirements

We have built our entire banking platform in house and mostly in Java. We are looking for people who want to work on building the tooling that is used by our engineers on a daily basis.

We are looking for people who are truly full stack, and are as comfortable polishing their javascript front end as they are debugging the innards of their java applications database interactions, or standing up infrastructure with terraform. We are looking for people who can:

  • Design REST apis.
  • Code backend services, ideally using Java, or another other server side compiled language.
  • Develop modern front ends, ideally using React and Redux.
  • Get their code into the cloud and support it there, ideally on AWS.
  • Believe in clean coding, simple solutions, automated testing and continuous deployment.
  • Like to take ownership of a feature from the original idea through to live.
  • Think (like us) that a small number of empowered developers is the right way to deliver software.

Company Benefits

  • 33 days holiday (including flexible bank holidays)
  • An extra day’s holiday for your birthday
  • 16 hours paid volunteering time a year
  • Part-time and/or flexible hours available for most roles
  • Salary sacrifice, company enhanced pension scheme
  • Life insurance at 4x your salary
  • Hybrid/remote working
  • Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
  • Generous family-friendly policies
  • Varied social groups set up and run by our employees
  • Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
  • Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing

Full details are available on our careers site

Interview Process

Interviewing is a two way process and we want you to have the time and opportunity to get to know us, as much as we are getting to know you! Our interviews are conversational and we want to get the best from you, so come with questions and be curious. In general you can expect the below, following a chat with one of our Talent Team:

  • Stage 1 - 30 mins with one of the team
  • Stage 2 - Take home challenge
  • Stage 3 - 90 mins technical interview with two team members
  • Stage 3 - 45 min final with an executive and a member of the people team
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