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- Support M&A team with financial due diligence pre-acquisition
- Carry out internal audit procedures and liaise with Sellers to provide sign off on completion accounts (FRS102) and apportionment statements prepared by Seller. Disputes to be promptly and sensitively resolved with support from the M&A team as needed.
- Complete IFRS adoption process with acquirees - identify and calculate adjustments, reconcile pre acquisition reserves, oversee transitional adjustments in financial statements.
- Frequent analysis of accounting standards and application in an acquiree e.g. IFRS15 revenue on contracts, IFRS16 leases, IFRS9 ECL, Holiday pay.
- Analysis of key components of SPA and APA, scheduling key events and monitoring timelines and delivery against contractual deadlines.
- Prepare acquisition accounting entries for Acquirer to include valuation of consideration, recognition of deferred payments or changes to investment cost and intangibles.
- Monthly, prepare journals for goodwill, investments, deferred consideration, long term loans and intangibles on acquirer(s) and group balance sheet.
- Review and support for preparation of budgets by M&A targets
- Support on identification and assessment of synergies in new M&A targets
- Key finance contact for Sellers in the post-acquisition phase to cover introductions, financial accounting and tax compliance.
- Key contact with external advisors on Purchase price accounting - preparation and/or review of deliverables and sign off on outputs.
- Track progress through M&A workflow to ensure timely progress.
- Preparation of financial statements for M&A targets in first year post acquisition in CCH - to include first time adoption of IFRS (IFRS1)
- Support preparation of first tax computation as part of large group - to include gathering data, review, liaison with internal tax teams on tax impacts of IFRS adoption
- Support with group tax objectives e.g. balance sheet reconciliations, allocation of group relief, group-wide review and analysis, updating reports.
- Report writing to facilitate knowledge sharing across the wider finance team and M&A
- Develop internal policies for acquisition accounting and other finance procedures.
- Regular point of contact for Hub FC, FP&A team, group finance and M&A teams
- Lead or support on other business combinations e.g. hive up, liquidations and other group restructuring projects
- Other financial control projects as defined by group finance management team
- Peer review of work completed
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