M&A Analyst M&A Analyst …

Athora UK Services Ltd
in London, England, United Kingdom
Permanent, Full time
Last application, 16 Jul 20
Athora UK Services Ltd
in London, England, United Kingdom
Permanent, Full time
Last application, 16 Jul 20
About Athora

Athora was founded by Athene, a leading US life insurer with ~$4 bn market cap, and Apollo, a world-leading alternative asset manager with $39 bn in private equity and $330 bn in total AUM. Having completed a €2.2bn capital raise in 2017 and following the earlier acquisition of Delta Lloyd Germany, Athora acquired Aegon Ireland and Generali Belgium (followed by the sale of the Belgian non-life business to Baloise Group). Subsequently, Athora acquired Vivat in 2019 in a very competitive process, striking the largest continental European insurance deal that year. Today, it’s in the process of closing, anticipated in April 2020. The acquisition of Vivat is a truly transformational deal, taking group headcount from 800 to 3,000. It opens new geographies and brings the group to c. €70bn in assets, well ahead of its business plan. In the meantime, Athora raised a further €1.8 bn of capital in 2020 to support Vivat and future transactions.

Working at Athora

We offer a fast-paced, dynamic work environment where our actions define us, more than any words or promises. We innovate to keep our business at the forefront of the market. People are at the heart of what we do, and we always value that humanity. We do what we do as well as we can because we care about improving lives, inside and outside our business.

Executive Summary

Role Title:                           M&A Analyst  

Reporting to:                     TBC

Grade:                                Grade 30

Team:                                 M&A

Location:                            London, UK

Purpose of this role

The M&A Analyst works on a broad range of investment opportunities through M&A, portfolio transfers and reinsurance for Athora across Europe. The Analyst works in lean deal teams with an Associate / Director and a Sr Director / Management Executive Committee member. In order to understand the value proposition and risks associated with any investment, the Analyst must analyse diligence data, scrutinize business trends, collaborate with Athora’s local businesses, construct investment models and present an investment thesis and analyses to senior management. Additionally, the Analyst may support the preparation of a strategic evaluation of a product or Line of Business of Athora’s existing local businesses. Responsibilities include financial modelling and analysis, company and industry research, and idea generation. 

Key Contribution Areas

  • Performing company and industry due diligence, including risk assessment and quantitative & qualitative analysis of business and market trends
  • Monitoring Athora’s local business units, evaluating platform and add-on acquisitions
  • Develop memoranda and materials with senior team members
  • Presenting and participating in meetings, including communicating analyses effectively to senior management
  • Conducting financial modelling and analysis incorporating various business projections and capital structures, while stress testing critical assumptions
  • Partnering with external due diligence advisors such as accountants, tax experts, consultants and lawyers
  • Working with Balance Sheet Management / other stakeholders to raise financings
  • Analysing business performance trends of prospective investments
  • Assist the team with additional ad hoc projects

Personal Capabilities Required

  • Ability to take initiative and support running a process to conclusion
  • Strong multi-tasking skills and attention to detail
  • Excels in a rigorous and fast-paced team-oriented work environment 
  • Outstanding communication skills with the ability to articulate and present complex information to key internal and external stakeholders in a clear and concise manner
  • High levels of commitment and energy
  • Entrepreneurial spirit – focused on making business work
  • Flexibility and a positive attitude toward change

Functional or Technical Knowledge and Skill Required

  • Bachelor’s degree with an exceptional record of academic achievement
  • Minimum of 1.5 years of experience within investment banking, strategy consultancy or an internal insurance M&A team. 
  • Strong modelling, analytical, valuation and problem-solving skills
  • Fluency in French, German and/or Dutch would be a distinct advantage
  • Actuarial, Insurance or fixed-income knowledge / background is a plus
  • Willingness to travel