Job Description & Summary
About the team
Delivering Deal Value (DDV) is a Sofia-based team that operates as part of the wider Deals practice within PwC Bulgaria and is planned to triple over the next few years. While based in Sofia, the team effectively functions as an extension of the DDV UK team in London. This means that all the DDV work is on UK and global deals, with predominantly mid- and large-cap international companies.
DDV UK is a market leader in assisting both Corporate and Private Equity clients. Most of its work is in the Mergers and Acquisitions (M&A) space, both pre- and post-deal. The M&A deals DDV UK works on range in size from £50m to over £10bn and the clients include some of the most well-known brands and businesses in the world.
As part of the DDV team in Sofia, you will be aligned to the UK Finance in Deals (FiD) team, which is a cross-sector team that supports CFOs to navigate change as a result of M&A. The type of client projects you work on will vary based on the demand and the current deal market. Therefore, a high degree of flexibility is expected.
About the role
We help clients achieve maximum value on their deal transactions by solving transformational and operational challenges. Our work is often complex and fast paced; at the same time, the opportunities for personal and career development are vast. You will be working alongside your UK colleagues on a range of projects across the different products we offer as a team, including:
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Carve out and divestment support – i.e. What does the business look like in a standalone state? What support and transition services will it need to function? How can we help our clients execute the separation and ensure a smooth Day 1?
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M&A Integration – i.e. How can our clients protect and grow value in an acquisition, what is the right level of integration to achieve this and what does an effectively-run integration programme look like? Where are the synergies between two businesses and how well has the plan for capturing these synergies been compiled?
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Operational due diligence – i.e. Has the business been performing well? What does its operating model look like, is it sustainable and fit for purpose, are there any associated operational risks? What could be improved to reduce costs and unlock further value for our client?
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Post-acquisition performance improvement using our Rapid Value Creation methodology – i.e. Where might value lie in the business and how can we generate sustainable cost savings?
**As a Manager in the DDV team, your typical responsibilities will include: **
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Leading selected workstreams in large projects, or taking end-to-end responsibility for small projects. As part of this, owning key pieces of analysis and deliverables
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Leading analysis and developing hypotheses independently, as well as reviewing hypotheses and analysis produced by more junior team members
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Owning relationships with individual members of a client team
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Contributing to business development activities, such as the creation of proposals, discussion documents and other
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Developing internal relationships with DDV UK and within PwC Bulgaria
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Onboarding and coaching new members of the team
What we are looking for
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Background in any of the following: a) M&A / deals; b) direct operational or process improvement experience; c) change management / consulting; or d) audit
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At least two years of experience in a managerial or equivalent role
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Excellent verbal and written communication - all work will be in English and primarily with native speakers (from DDV UK and end clients)
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Report writing - ability to write clear and concise reports based on detailed analysis
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Stakeholder management - ability to quickly develop rapport and build strong relationships (within DDV UK and end clients)
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Strong PowerPoint and Excel skills - attention to detail, ability to present complex information in simple ways, and an eye for slide / table aesthetics
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Financial acumen - comfort around financial analysis and in understanding the drivers of financial information
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Analytics - ability to quickly process large amounts of information and draw out hypotheses and key messages
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Resilience - self-starter, comfortable with uncertainty, thrives under pressure and able to flex working hours to meet deadlines
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Natural curiosity - ability to apply logic and problem solving to difficult business problems
Desirable but not essential
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Experience around operational analysis to understand business processes, their associated costs and potential issues, as well as opportunities for improvement
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Comfort in understanding the impact of different operating models on commercial, financial and operational aspects of a business, ideally in the context of a transaction
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Involvement or experience in leading significant restructuring processes
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MBA, FCA, ACCA, CFA, or other professional qualification in business management or finance
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Further foreign language skills (beyond English)
What we offer you
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Professional experience in an international setting with room for assuming responsibilities
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Company training and excellent opportunities for professional and career growth
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Challenging and interesting projects - working on medium and large deals within the UK and globally with key Corporate and Private Equity clients
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Comprehensive employee benefit program, including additional medical insurance, food vouchers (BGN 200 per month), a sport card, a fringe benefit and an annual bonus
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Professional, positive and team-oriented working environment
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Central office location in Sofia and opportunity to work from home
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Opportunity to travel to London to socialise and build relationships with your colleagues from the DDV UK team
Only short-listed candidates will be contacted.
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