Associate, Corporate Development

Kraken; United States; Remote; USD 120,000 - 180,000; Full time

Job summary

Kraken is seeking an Associate for its Corporate Development team to lead due diligence on live transactions, organize data rooms, and draft comprehensive reports. The role involves building operating models, scratch sheets, and performing valuation analyses to support M&A decisions.

You will also monitor venture investments, track KPI updates, and assist FP&A with deal-related cash flow forecasting. A strong finance background and excellent written communication are essential.

Qualifications

• Bachelor's degree in Business, Commerce, Finance, Actuarial Science, or related field.
• 4+ years of experience at a top-tier financial services firm or startup.
• Strong ability to analyze financials, business models and mechanics.

Responsibilities

• Lead due diligence across live transactions, organize data rooms, schedule sessions, and draft diligence reports.
• Build operating models, comparables, DCF analyses, and accretion/dilution models.
• Prepare memos and teardowns on inbound opportunities and track portfolio KPIs.

Skills

Financial modeling

Excel

Deal memos/writing

Data analysis tools

Storytelling of trends

Self-directed work

Education

Bachelor's degree in Business/Finance/Actuarial Science

Tools

SQL

Job description

THE TEAM

Founded in 2011, Kraken is one of the world's longest-standing crypto platforms, trusted by over 10 million individuals and institutions across the globe. It offers spot trading, margin, futures, staking, and OTC services, with products built for both individual investors and institutional clients.

As a market leader in one of the fastest-growing industries in the world, Kraken is expanding across multiple dimensions — including through M&A and strategic investments globally. The Corporate Development team is central to that growth, helping Kraken stay nimble and opportunistic as we pursue leap-frog deals and new sources of competitive advantage.

As an Associate on our Corporate Development team, you’ll play a significant role in our M&A, and growth activities globally.

THE OPPORTUNITY

• Lead due diligence across live transactions with cross-functional DRIs, organize and maintain the data rooms, schedule diligence and debrief sessions, and draft consolidated diligence reports.


• Build initial operating models, trading comparables and precedent transactions, DCF and returns analyses, and accretion / dilution support.


• Produce first-pass screening memos and company teardowns on inbound opportunities


• Support ownership of our venture investment portfolio: maintain the deal-terms inventory (ownership, instrument, pro-rata, information rights, board / observer seats), collect quarterly portfolio-company KPI updates, and track valuation marks with IRR / MOIC per position.


• Support the M&A cash obligations backbone with the rolling forecasts of deal-related cash outflows (consideration, holdbacks, to earnouts) for FP&A and Treasury.


• Prepare executive deal materials, Board pages, to supporting data analysis.


• Additional duties and responsibilities as assigned.

WHAT YOU BRING

• Bachelor's degree (BA or BS) from a university in Business, Commerce, Finance, Actuarial Science, or a related field.


• 4+ years of experience at a leading investment bank, venture capital firm, private equity firm, management consultancy, or startup.


• Excellence in understanding and scrutinizing business models (financials, mechanics, quality) within a financial institution.


• Excellent financial modeling and valuation skills.


• Demonstrated problem solving skills, writing experience (deal memos), and storytelling skills on industry trends, implications, and pain points.


• Advanced Excel and experience with data analysis tools.


• Ability to work self-directed and fluidly across multiple live, high-priority transactions in parallel.

NICE TO HAVES

• Proficiency with SQL.


• Strong network in crypto and/or traditional financial markets is a plus.


• Technical background or strong knowledge of industry software products and services.