Senior Manager

Arrow Search Partners; Chicago (IL); On-site; USD 120,000 - 180,000; Full time

Job summary

Arrow Search Partners is seeking an experienced transaction advisory professional in Chicago to lead Quality of Earnings engagements for private equity and M&A clients. You will build comprehensive databooks, analyze EBITDA and working capital, and participate in diligence discussions with senior management and lenders.

The role requires 5–7 years in diligence, advanced Excel, and strong US GAAP knowledge including ASC 606.

Qualifications

• 5–7 years in transaction advisory or financial due diligence.
• Advanced Excel skills with large datasets and ledgers.
• Strong US GAAP knowledge including ASC 606 revenue recognition.
• Experience with EBITDA normalization and working capital analysis.
• Experience preparing Quality of Earnings analyses and financial databooks.

Responsibilities

• Execute buy-side and sell-side QoE engagements for PE and M&A.
• Build QoE databooks with historical financials and schedules.
• Analyze EBITDA and identify nonrecurring items.
• Evaluate working capital, cash flows, and balance sheet risks.
• Assess costing, inventory valuation, and gross margin performance.
• Reconcile information across trial balances and ledgers.
• Investigate discrepancies and quantify EBITDA adjustments.
• Participate in diligence calls and presentations.

Skills

QoE engagements

Advanced Excel

US GAAP ASC 606

EBITDA analysis

Data analysis

Tools

Excel

Job description

Our client is a business transition advisory platform focused on helping small and mid-sized business owners prepare for succession or exit. The firm supports operational cleanup, financial organization, and value enhancement to position businesses for a successful sale or handoff.

Responsibilities:

• Execute buy-side and sell-side QoE engagements for private equity and M&A transactions
• Build and maintain comprehensive QoE databooks including historical financial analysis, revenue and expense trends, EBITDA bridges, and supporting schedules
• Analyze reported and adjusted EBITDA, identifying nonrecurring expenses, normalization adjustments, and other earnings quality considerations
• Evaluate working capital, cash flows, debt-like items, balance sheet accounts, and transaction-related financial risks
• Assess standard costing methodologies, inventory valuation, cost variances, manufacturing overhead absorption, and gross margin performance
• Reconcile financial information across trial balances, general ledgers, management reporting, and supporting accounting records
• Investigate accounting discrepancies and quantify potential EBITDA adjustments
• Participate in management discussions, diligence calls, and transaction-related presentations

Requirements:

• 5-7 years of transaction advisory or financial due diligence experience
• Advanced Excel skills and experience working with large financial datasets, general ledgers, and trial balances
• Strong understanding of U.S. GAAP including ASC 606 revenue recognition principles
• Strong understanding of EBITDA normalization, working capital analysis, financial statement reconciliation, and transaction accounting
• Experience preparing Quality of Earnings analyses and financial databooks