Forensic Financial Analyst – Transaction Services

2 dagar sedan

Stockholm Municipality, Sverige Nyhavn Capital Heltid
Forensic financial analyst | Short-focused hedge fund | Stockholm Can you read a set of accounts and tell us where the bodies are buried? Nyhavn Capital is a short-focused equity hedge fund. We look for companies where the market expects too much, and we try to prove it before everyone else works it out. We're looking for someone from Transaction Services or M&A Due Diligence who wants to use those skills on the other side of the table. You skip the headline numbers and go to the notes. You know how a company can make this year look good by borrowing from the next two, and once you spot it you can't let it go until you know exactly how they did it.

What you'll do
You'll work directly with the partners on listed companies. In practice that means:
• Taking the income statement, balance sheet and cash flow apart and making them reconcile. Where they disagree is usually where the story starts.
• Spotting how numbers get flattered: aggressive revenue recognition, working capital timing, capitalised costs, "one-off" adjustments that show up every year, quiet policy changes, KPIs and segments that get redefined when they stop looking good.
• Finding which companies will have to reset expectations: the guidance cut, the profit warning, the results that can't hold up. We want to know before the company says it.
• Getting the timing right. We work hard on when a company runs out of road, or when past accounting games leave it with a higher bar to clear next year than the market has noticed.
• Testing management's story against the filings, including what the filings leave out.
• Helping build out our screening tools with the latest technology and data.
• Writing up clear conclusions that go straight into investment decisions. About you
• 3-8 years in Transaction Services or M&A Due Diligence at a leading professional services firm.
• Exceptional, and you can prove it. You were at the top of your year group and you want more than your current career track can give you.
• A track record of getting better on your own initiative. You learn things nobody asked you to learn and you keep raising your own bar. In the interview we'll ask for examples.
• Very strong accounting, with deep knowledge of both US GAAP and IFRS. You've seen businesses dressed up for a sale process and you know what sits underneath.
• You don't wait to be told what to do next. Usually you've already done it.
• Sceptical by default. When the evidence and the consensus disagree, you go with the evidence.
• Comfortable making a call on incomplete information and defending it.
• Excellent written and spoken English.
• A real interest in markets. You don't need investment experience. We'll teach you that part. What it's like here We're a small team and we move fast. People here go the extra mile without being asked, and nobody works in a silo. Your analysis goes straight into the portfolio, and from your first week you'll be in the room when decisions get made. The process This one isn't for everyone. Expect tough interviews and a case study where you take a real set of accounts apart. If you think you're one of the best, come and show us.
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Location:
Stockholm