Senior Manager, Corporate Development

110 Yahoo Holdings Inc.; United States; Hybrid; USD 122,000 - 255,000; Full time

Benefits offered by this job

Healthcare

401k

Backup childcare

Education stipends

Job summary

Yahoo is seeking a Senior Manager in Corporate Development to function as a generalist across the full deal lifecycle, from sourcing and strategy to integration and separation. The role reports to the Senior Vice President and Head of Corporate Development and leverages AI tools to move faster and sharpen analysis.

You will own end-to-end workstreams, produce decision-ready materials, and serve as the reliable point of contact for internal stakeholders and outside advisors.

Qualifications

• 5+ years in corporate development, investment banking, private equity, or growth equity.
• Proven ownership of financial models and valuation across multiple transactions.
• Board-ready written communication produced independently across several concurrent workstreams.
• Fluency with modern AI tools used to synthesize diligence and build trackers.

Responsibilities

• Sourcing and strategy: maintain pipeline, build target landscapes and theses for acquisitions or partnerships.
• Valuation and analysis: build operating models, perform DCF, comps, and accretion/dilution analyses.
• Diligence and execution: manage cross-functional due diligence and draft transaction materials.
• Integration and separation: plan integration for acquisitions and separation for divestitures.
• Executive materials and AI: prepare memos and board-ready decks; use AI to accelerate work.

Skills

Financial modeling

Valuation

Executive communication

AI tools

Strategic thinking

Education

Bachelor's degree in finance, economics, business, or related field

Job description

Yahoo serves as a trusted guide for hundreds of millions of people globally, helping them achieve their goals online through our portfolio of iconic products. For advertisers, Yahoo Advertising offers omnichannel solutions and powerful data to engage with our brands and deliver results.

A little about us

The Yahoo Corporate Development team is a highly collaborative, high-trust group working directly with senior leadership and ownership on the company’s most consequential strategic transactions. We lead full-lifecycle M&A, divestitures, joint-ventures, and strategic investments that directly shape the company’s portfolio, capabilities, and long-term strategy.

Position Overview

We are hiring a Senior Manager to operate as a generalist across the full deal lifecycle: sourcing and strategy, valuation and analysis, diligence and execution, and integration and separation. This is an individual contributor role working directly with the Senior Vice President and Head of Corporate Development. The team uses AI tools heavily to move faster and sharpen its work, and expects this person to do the same. You will own workstreams end-to-end, produce decision-ready materials, and be the reliable point of contact for internal stakeholders and outside advisors. The role suits someone equally comfortable in a model, a data room, and a board memo. Your work maps directly to Yahoo’s strategy: strengthening a portfolio of iconic consumer products and a leading advertising business, and finding where acquisitions, partnerships, and divestitures can extend Yahoo’s reach, data, and capabilities.

What you’ll do

• Sourcing and strategy Maintain and prioritize the pipeline; build target landscapes, market maps, and theses on where Yahoo should buy, build, or partner, including AI-native businesses and adjacent categories. Serve as a consistent point of contact for bankers, investors, and advisors, managing both inbound opportunities and sourcing new opportunities through outbound outreach.
• Valuation and analysis Build and own operating models, valuation, and returns analysis using discounted cash flow, comparable company, precedent transaction, and accretion and dilution methods. Pressure-test target projections, synergies, and deal structure, and frame clear, defensible recommendations on price and terms to be presented to senior leadership and ownership.
• Diligence and execution Run cross-functional due diligence across finance, legal, tax, product, engineering, and people teams, and manage diligence request lists and data rooms. Draft transaction materials, including process letters, letters of intent, term sheets, and management presentations, and partner with outside counsel through definitive agreements and issues lists.
• Integration and separation Participate in integration planning for acquisitions and separation planning for divestitures and carve‑outs, including transition services agreements (TSA), operating model design, and the stand‑up or wind‑down of affected functions. Coordinate deal sponsors, functional leads, and counterparties from signing through close and into post‑close execution, tracking synergy and separation milestones to completion.
• Executive materials and process Prepare investment memos, executive committee materials, and board‑ready decks that withstand senior scrutiny, and distill complex analysis into concise narratives for senior leadership and ownership stakeholders. Use AI tools to accelerate research, diligence, modeling, and drafting, and to build the templates, trackers, and lightweight workflows that compound the team’s institutional knowledge.

The material job duties and responsibilities of this role include those listed above as well as adhering to Yahoo policies; exercising sound judgment; working effectively, safely and inclusively with others; exhibiting trustworthiness and meeting expectations; and safeguarding business operations and brand integrity.

What you bring

Required

• 5+ years in corporate development, investment banking, private equity, or growth equity.
• Proven ownership of financial models and valuation across multiple completed transactions, with command of the M&A process from sourcing through close.
• Board‑ready written communication produced independently, and composure across several concurrent workstreams and senior stakeholders.
• Fluency with modern AI tools, used in practice to synthesize diligence, draft first‑pass memos and analyses, build internal trackers or lightweight workflows, and help evaluate AI‑native targets.
• Bachelor’s degree in finance, economics, business, or a related field.

Preferred

• Direct experience in media, advertising technology, consumer internet, or subscription and software as a service (SaaS) businesses.
• Both buy‑side and sell‑side transaction experience, including divestitures and carve‑outs.
• Familiarity with private‑equity‑backed or sponsor‑owned operating environments and their reporting expectations.
• An advanced degree or relevant credential such as an MBA or CFA.
• Demonstrated commitment to continuous learning and the ongoing development of AI knowledge, skills, and practical application.

What success looks like

Independently own modeling and diligence on live transactions within the first few months. Produce executive and board‑ready materials that need minimal revision before circulation. Maintain a current view of the pipeline and the advisor and investor network behind it.

At Yahoo, we offer flexible hybrid work options that our employees love! While most roles don’t require regular office attendance, you may occasionally be asked to attend in‑person events or team sessions. You’ll always get notice to make arrangements. Your recruiter will let you know if a specific job requires regular attendance at a Yahoo office or facility.

Yahoo is proud to be an equal opportunity workplace.

All qualified applicants will receive consideration for employment without regard to, and will not be discriminated against based on age, race, gender, color, religion, national origin, sexual orientation, gender identity, veteran status, disability or any other protected category.

Yahoo will consider for employment qualified applicants with criminal histories in a manner consistent with applicable law.

Yahoo is dedicated to providing an accessible environment for all candidates during the application process and for employees during their employment.

If you need accessibility assistance and/or a reasonable accommodation due to a disability, please submit a request via the Accommodation Request Form (www.yahooinc.com/careers/contact-us.html) or call +1.866.772.3182.

Requests and calls received for non‑disability related issues, such as following up on an application, will not receive a response.

We believe that a diverse and inclusive workplace strengthens Yahoo and deepens our relationships.

Among other efforts, our 11 employee resource groups (ERGs) enhance a culture of belonging with programs, events and fellowship that help educate, support and create a workplace where all feel welcome.

#LI-BD2

The compensation for this position ranges from $122,250.00 - $255,000.00/yr and will vary depending on factors such as your location, skills and experience.

The compensation package may also include incentive compensation opportunities in the form of discretionary annual bonus or commissions.

• Our comprehensive benefits include healthcare, a great 401k, backup childcare, education stipends and much (much) more.

Yahoo serves as a trusted guide for hundreds of millions of people globally, helping them achieve their goals online through our portfolio of iconic products. For advertisers, Yahoo Advertising offers omnichannel solutions and powerful data to engage with our brands and deliver results.