Bachelor's degree in accounting, finance, or related field; Master's preferred.
CPA, CFA, or similar financial credentials preferred.
Minimum 7 years of relevant experience, including 4 years in financial due diligence or transaction advisory.
Experience with financial institutions required; direct credit union experience preferred.
Strong knowledge of U.S. GAAP and financial statement analysis, including ASC 805 and ASC 326.
Proven analytical, project management, and problem-solving skills.
Demonstrated ability to lead engagements with minimal supervision.
Responsibilities
Lead financial due diligence engagements from scoping to client presentation.
Analyze financial performance, focusing on earnings quality, capital, liquidity, and asset quality.
Conduct loan portfolio and credit diligence, assessing risk ratings and underwriting practices.
Evaluate purchase accounting and post-close earnings implications.
Identify risks and opportunities affecting valuation and deal structure.
Prepare diligence reports and lead meetings with senior management and boards.
Manage engagement scope, budgets, and timelines under tight deadlines.
Collaborate with specialists across various fields for integrated transaction assessments.
Supervise team members and maintain engagement quality standards.
Support practice growth through proposals and client relationship management.
Benefits
Opportunity for direct exposure to executive management.
Significant engagement responsibility in a growing practice.
Chance to develop a differentiated M&A platform for financial institutions.
Collaborative work environment with various specialists.
Potential for professional growth and development in a dynamic field.
Full Job Description
Senior Manager, Financial Institutions M&A Due Diligence
Doeren Mayhew is seeking a Senior Manager to help lead financial due diligence engagements within its growing Financial Institutions Group M&A and Strategic Advisory practice. The role will work primarily with credit unions, banks, credit union service organizations and other financial institution-related businesses on mergers, acquisitions and strategic transactions. This position offers direct exposure to executive management, significant engagement responsibility and the opportunity to help develop a differentiated financial institutions M&A platform. Hours will fluctuate based on transaction activity and client deadlines.
Responsibilities
Lead merger and buy-side financial due diligence engagements from initial scoping through final client presentation.
Analyze historical and projected financial performance, including quality and sustainability of earnings, capital, liquidity, asset quality, loans, investments, deposits, profitability and other transaction-specific matters.
Lead loan portfolio and credit diligence, including concentrations, delinquencies, nonaccrual loans, charge-offs, risk ratings, underwriting practices and the allowance for credit losses under CECL.
Assess purchase accounting, fair value marks, merger-related costs, transaction liabilities, opening balance-sheet considerations and post-close earnings implications.
Identify and communicate risks, value drivers and opportunities that may affect valuation, deal structure, negotiated terms or integration planning.
Prepare clear diligence reports, executive summaries and presentations and lead meetings with senior management, boards and transaction committees.
Manage engagement scope, budgets, timelines, workplans, client communications and delivery under compressed transaction deadlines.
Collaborate closely with professionals across valuation, tax, audit, regulatory, legal, technology, cybersecurity and other specialists to provide an integrated transaction assessment.
Supervise and develop team members, review workpapers and analyses and maintain engagement quality standards.
Support practice growth through proposal development, prospect meetings, client relationships, thought leadership and continued improvement of FIG diligence methodologies.
Qualifications
Bachelor's degree in accounting, finance or a related field. Masters in accounting preferred
CPA, CFA or other relevant financial, accounting or credit credentials are preferred.
A minimum of 7 years of relevant experience, including at least 4 years in financial due diligence, transaction advisory, quality of earnings, loan review or a comparable financial institution M&A role.
Financial institutions' experience required with direct credit union experience preferred.
Strong knowledge of U.S. GAAP, financial statement analysis, ASC 805, ASC 326 and financial institution regulatory reporting is preferred.
Strong analytical, project management and problem-solving skills, including the ability to prioritize issues and manage multiple concurrent deadlines.
Demonstrated ability to lead engagements from planning through final client presentation with limited day-to-day supervision.
Executive-level written and verbal communication skills
Advanced Microsoft Excel and financial analysis skill preferred; proficiency in Microsoft Office required.
Ability to travel up to 10%.
Ability to work effectively in a transaction-driven environment where hours will fluctuate based on transaction activity and client deadlines.
About Doeren Mayhew
Doeren Mayhew is a public accounting firm that provides audit, tax, and consulting services to businesses and individuals. The company was founded in 1932 and is headquartered in Troy, Michigan. Doeren Mayhew has additional offices in Michigan, Texas, Florida, and North Carolina. The company serves clients in a variety of industries, including healthcare, manufacturing, construction, and not-for-profit organizations. Doeren Mayhew is committed to providing high-quality services and building long-term relationships with its clients.
