Director, Carve-Out Transactions

Company: Accordion
Location: New York
Posted on: November 20, 2024

Job Description:

Company Overview
There's a better way to work in finance-and more specifically, a better way to unlock value potential in private equity-backed portfolio companies. Working at the intersection of sponsors and management teams across every stage of the investment lifecycle, our team provides hands-on, execution-oriented support to elevate the office of the CFO.
So, what does it mean to work at Accordion? It means joining 1,000+ finance & technology experts in a high-growth, agile, and entrepreneurial environment while changing the way portfolio companies drive value. It also means making your mark on Accordion's future-by embracing a culture rooted in collaboration and a firm-wide commitment to building something great, together.
Accordion is headquartered in New York City with 10 offices around the globe. Join us!
Operational & Technical Accounting Practice
With the increase in complexity of the business environment and transactions, CFOs of private equity-backed companies are increasingly being looked towards to drive strategic insights for their business. Finance organizations are no longer simply result reporters, but rather, they couple these results with forward-looking data to provide strategic insights which are leveraged to make business decisions. Efficiency of process and meaningful control environments allows for speed of financial reporting with increasingly accurate measures, leaving more time for the finance team to add future enterprise value, rather than look backwards.
Accordion's Operational & Technical Accounting (O&T) Practice is comprised of a dedicated team providing accounting and financial advice to support PE-backed portfolio companies on a wide range of transactions and events, including Accounting Policies & Procedures, ERP/Financial System Execution, Financial Statement Close Process, Process & Controls Implementation, Technical Accounting, Finance/Accounting Assessment & Design and Finance & Accounting Organization Standup resulting from a Carve-Out or Merger transaction. We are doers and problem solvers - making sense of complexity and bolstering sponsors' value creation theses.
This role can be based anywhere in the US, with the option to work on a hybrid basis from one of our office locations if a candidate is local to an Accordion office.
What You'll Do:

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• Partner with Accordion's leaders to service clients in the areas of Carve-Out transactions and other complex accounting focused within operational and technical matters.
  
• Work collaboratively with the Carve-Out Solutions Lead to service clients during a Carve-Out Transaction focused on the Finance and Accounting function, specifically including:
  
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  • Designing Day 1 readiness plans around core accounting processes (order to cash, procure to pay, record to report)
    
  • Standing up interim accounting functions in fast-paced, low-resourced and unsophisticated environments
    
  • Overseeing and managing cross functional constituents in a stressful environment to ensure the Office of the CFO is being setup for success
    
  • Establishing a high-performing and efficient F&A function by assessing current capabilities versus needs in a PE environment, identifying gaps and ensuring remediation steps are incorporated in detailed exit plan
    
  • Reviewing and modifying TSA and rTSAs to ensure the right support and details are identified
    
  • Preparing financial statements, including ensuring GAAP compliance and adoption of key areas including ASC 805, ASC 718, ASC 350, ASC 810, ASC 842, ASC 606, among others
    
  • Assisting in the design and implementation of new accounting policies and procedures
    
  • Assessing and designing finance and accounting organizational structure
    
  • Onboarding and managing third party firms, including driving successful outcomes and mitigating risk and disruption to the client
    
  • Bringing leadership and executive presence to all conversations, representing expertise in our skill sets and our firm while coordinating a collaborative solution for our clients
    
  • Coaching and mentoring junior team members including hands-on teaching of complex areas around carve outs and overall client-based work
    
  • Assisting in growing the firm by supporting business development activities
    
  • Identifying and sponsoring internal initiatives
    
  • Travel to client site as needed
    
    
    Ideally, You Have:
    
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    • Minimum of 8-10 years of relevant professional experience, including direct Carve-Out experience, working in a client serving role at a top-tier public accounting or financial advisory firm, and/or mix of client service and private industry experience at a senior level
      
    • Proven experience successfully managing multiple projects at the same time, managing not only client/sponsor dynamics but internal team dynamics as well
      
    • Bachelor's degree in Accounting or related field; CPA is a plus
      
    • A strong and up-to-date knowledge of US GAAP (exposure to IFRS is a plus)
      
    • Experience preparing financial statements and drafting footnote disclosures, experience with first-time audits a plus
      
    • Experience with Carve-Outs, specifically in supporting operational needs within the F&A function
      
    • Practical knowledge and success in managing the separation of business units as it relates to Carve-Outs
      
    • Experience performing financial and operational internal control reviews
      
    • Knowledge of performing IT assessments and financial system implementation experience is a plus
      
    • Experience working with Private Equity, with an understanding of the unique requirements of the Private Equity consulting environment
      
    • Strong Excel and PowerPoint skills
      
    • Strong client service mindset
      
      Ideally, You Are:
      
      • 
        
      • Excited to be part of a growing team, with a focus on driving future growth
        
      • Experienced in advising clients on financial accounting issues
        
      • Knowledgeable of complex financial accounting and operations issues
        
      • Passionate about delivering exceptional client service
        
      • Experienced in advising clients on financial and transformation initiatives
        
      • Knowledgeable about the relationship between Private Equity sponsors and their portfolio companies, particularly within the office of the CFO
        
      • Willing to get your hands dirty in the details of a project while simultaneously seeing the whole picture
        
      • Comfortable managing projects with multiple complex workstreams while also focused on your single workstream (you are managing and doing)
        
      • A self-starter with a strong work ethic
        
      • Full of entrepreneurial spirit and comfortable in a fluid, flat organization
        
      • Able to effectively communicate complex issues and solutions, and raise issues to senior team members when necessary
        
      • A team player, able to work with team members across all levels
        
      • Someone who enjoys mentoring others and doing meaningful work
        
      • A leader of others; you lead by example
        
        Salary: $185,000 - $225,000 + benefits + bonus
        Actual compensation packages are determined by evaluating a wide array of factors unique to each candidate, including but not limited to skill set, years and depth of experience, education, certifications, cost of labor and internal equity.
        Accordion is an Equal Opportunity Employer. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
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Keywords: Accordion, Trenton , Director, Carve-Out Transactions, Accounting, Auditing , New York, New Jersey