Manager Due Diligence-Hybrid

Location US-IL-Northbrook
Job ID
2022-29393
# of Openings
1
Job Category
Accounting/Finance

 

Strategic Support.Finance - Bar Chart - Build It

At UL, we know why we come to work.

Thousands of us around the world wake up every day with a common purpose: to make the world a safer, more secure and sustainable place. Science is in our DNA; we are endlessly curious and passionate about seeking and speaking the truth. We take delight in knowing that our work makes a meaningful contribution to society, and we are proud that our culture is centered on integrity, collaboration, inclusion and excellence. UL stands at the forefront of technological advancement, and we are continually challenged to find new ways to foster innovation and positive change. Satisfying? Yes. Exciting? Absolutely!

 

What you’ll learn & achieve:

This role is hybrid based in Northbrook, IL

The Manager, Due Diligence is responsible for assisting with all phases of an M&A deal cycle from preliminary analysis of a target company and management meetings to post-closing purchase accounting. The role will report to the Senior Manager, Due Diligence and work closely with Business Unit VPs / GMs and Corporate Development to ensure that business and financial risks and opportunities are identified during the financial due diligence process. The role aligns with UL’s acquisition strategy to grow into new markets and industries.

At UL, organic and inorganic growth via acquisitions is core to our competitive strategy. Since 2010, we have successfully deployed more than $1.2 billion to acquire and integrate 49 companies, including 3 acquisitions since the beginning of 2021. We are actively recruiting to expand our M&A team to support current and future M&A activity.

What you’ll learn and achieve:

  • Performs financial and accounting due diligence on target companies for merger and acquisition deals supporting the Senior Manager, Due Diligence, Customer Operating (business) Units and Corporate Development
  • Builds stand-alone financial models (e.g. databooks) related to target company financials and adjusted operating results (e.g. Quality of Earnings, adjusted income statement)
  • Provides COUs and Corporate Development insight into business drivers, strategies, financial performance and trends, cash flow, and working capital requirements of target company
  • Builds strong relationships with the management teams of target companies to facilitate a successful transaction and knowledge transfer to UL accounting teams as part of the subsequent integration
  • Provides COU Finance and Corporate Development insight into the impact of diligence findings on the valuation model
  • Collaborates with Corporate FP&A and COU Finance leads to evaluate the impact of the acquisition on key financial long-range plan metrics
  • Supports the Senior Manager, Due Diligence, COU Finance and Corporate Development to assist with negotiating purchase agreement terms with the target company
  • Supports and verifies purchase agreement calculations for closing agreements (e.g. indebtedness / net debt, net working capital, final/estimated closing statements)
  • Assists with purchase accounting for completed transactions including valuation of intangible assets and goodwill
  • Assists in the year-end financial statement preparation and audit processes, as needed

 

#LI-Hybrid

What makes you a great fit:

  • University Degree in Accounting, Finance or related discipline
  • At least 6 years directly related experience, including:
    • Minimum of 2 years public accounting experience (pref with Big 4 accounting firm); or Transaction Services with deal experience in various industries (due diligence)
  • US Certified Public Accountant a plus
  • Deep technical knowledge of US GAAP and the application to M&A transactions and business combinations
  • Demonstrated ability to build financial models in Excel from base level trial balances and various other source documents (e.g. revenue detail extracts)
  • Experience in software and professional services a plus
  • Strong oral and written communication skills are necessary to interview target management, interpret and document responses and present feedback to acquisition team members
  • Detail oriented and ability to analyze high volumes of data efficiently, identify risks and summarize key findings in an easy to interpret manner
  • Self-motivated individual that can adapt to changing environments
  • Experience communicating business drivers and financial results / forecasts with executives, (including CFO and Controller) is a plus
  • UL has COVID-19 protocols and policies in place to ensure the safety of our employees, customers and clients. Effective November 1, 2021, the company mandates that employees are vaccinated against COVID-19 as a condition of employment (except where prohibited by law), subject to reasonable accommodation as required by law. 

What you’ll experience working at UL:

  • Mission: For UL, corporate and social responsibility isn’t new. Making the world a safer, more secure and sustainable place has been our business model for the last 125 years and is deeply engrained in everything we do.
  • People: Ask any UL employee what they love most about working here, and you’ll almost always hear, “the people.” Going beyond what is possible is the standard at UL. We’re able to deliver the best because we employ the best.
  • Interesting work: Every day is different for us here as we eagerly anticipate the next innovation that our customers’ create. We’re inspired to take on the challenge that will transform how people live, work and play. And as a global company, in many roles, you will get international experience working with colleagues around the world.
  • Grow & achieve: We learn, work and grow together with targeted development, reward and recognition programs as well as our very own UL University that offers extensive training programs for employees at all stages, including a technical training track for applicable roles.
  • Total Rewards: All employees at UL are eligible for bonus compensation. UL offers a generous 401k matching structure of up to 5% of eligible pay. Additionally, we invest an additional 4% into your retirement saving fund after your first year of continuous employment. We provide Healthcare Reimbursement Accounts and Health Savings Accounts that UL contributes to twice per year! Depending on your role, you can work with your manager on flexible working arrangements. We also provide employees with paid time off including vacation, holiday, sick and volunteer time off.

Learn More:

 

Working at UL is an exciting journey that twists and turns daily. We thrive in the twists and revel in the turns. This is our every day. This is our normal.

 

Curious? To learn more about us and the work we do, visit UL.com

 

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If you wish to request reasonable accommodation at any time, please email our Talent Acquisition team at Talent.Acquisition@ul.com.

UL is an Equal Opportunity Employer: Female/Minority/disability/Protected Veteran/Sexual Orientation/Gender Identity

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status. If you'd like more information about your EEO rights as an applicant under the law, please review the EEO is the Law and EEO is the Law Supplement.

Please review the following additional documents:

UL EEO Policy

Pay Transparency Statement

E-Verify Poster (English)

Right to Work Poster (English)