Private Equity Associate – Underwriting Team

Private Equity Associate – Underwriting Team

Location: LDR maintains its headquarters in Houston, TX and is establishing an office in Darien, CT. The ideal candidate is located in the New York City Metro area, with travel expected to a CT office or in Houston, TX.

Background: LDR is a private equity firm focused on investing in micro-cap industrial manufacturing businesses. Our ideal investments have $2-7mm of EBITDA and are clear market leaders providing mission-critical, customized B2B Industrial products.

Position Description

As an Associate with our Underwriting team, you will be responsible for building financial models on a deal by deal basis and leading discussions with your Senior Manager and the broader Investment Committee on your assumptions, returns, and various scenario analyses. In addition, you will collaborate with the Firm’s Sourcing team and Portfolio Operations team to assist with due diligence, summarizing findings in professional Investment Committee Memorandums to be presented as part of monthly Investment Committee Meetings. Once a transaction has proceeded past the LOI phase, you will be team leader on acquisition due diligence, collaborating directly with the seller while coordinating 3rd party diligence partners (Financial, Legal, Environmental etc) to provide input and review of key deliverables for closing. This is a dynamic role with a focus on underwriting while providing an opportunity to collaborate across all three core verticals of the firm from sourcing to underwriting to portfolio operations.

Major Responsibilities

• Build complex financial models, including LBOs and DCFs on both new platforms and add-on investments.
• Conduct SOTP Valuation analyses and various Scenario Analyses.
• Perform comprehensive due diligence in collaboration with the Sourcing team.
• Lead Investment Committee discussions on the assumptions and returns under various scenarios.
• Team Leader on acquisition due diligence once an opportunity has proceeded past the LOI phase.
• Collaborate with the Sourcing team to provide insights on new opportunities.
• Collaborate with the Portfolio Operations team to evaluate financial investments.
• Build and develop relationships with various Investment Banks.

Skills / Characteristics

• Deep understanding of financial modeling.
• Extensive experience operating in Microsoft Powerpoint or a related platform.
• Strong presentation and communication skills (Verbal and Written).
• Strong understanding of operating company accounting, finance, and capital structures.
• Exceptional communication skills (verbal and written).
• Ability to comfortably interact with a remote team and Portfolio Company Senior Leadership.
• Strong attention to detail and the ability to manage multiple projects simultaneously.

Requirements

Successful candidates will have the following attributes:

• Strong academic credentials and achievement.
• 2+ years of experience in Investment Banking, Private Equity, or in an industrials-related operations or leadership role.
• Experience collaborating with senior leadership across a wide array of tasks.
• Preferred:
  • Experience in Industrials, Manufacturing, or a related industry.
  • Experience building Investment Committee Memorandums.
• Comfort with periodic travel to acquisition targets or portfolio company locations.
• Must be eligible to work in the U.S.

Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive health and dental benefits.
• Professional development opportunities and mentorship.
• Exposure to a diverse and exciting portfolio of investments.
• A dynamic and inclusive work environment.