The effective completion of institutional business development processes that result in the company’s products receiving clearance for inclusion in institutional investment platforms and portfolios is the responsibility of the Investment Due Diligence Specialist (IDDS). Before investing in firm products, institutional asset allocators such as registered investment advisers (RIAs), investment consultants, broker-dealers, and turnkey asset management platforms (TAMPs) must complete certain due diligence processes and questionnaires. The IDDS is in charge of maintaining effective communications with current and future institutional asset allocators as well as guiding the company’s products through institutional due diligence procedures. The IDDS primarily collaborates with the Business Development Team and reports directly to the Director of Marketing and Business Development (DMBD).
What is Due Diligence?
Taking Care Meaning or meaning of “due diligence”: According to the law, “due diligence” refers to using reasonable care when conducting business. A thorough analysis of a person or company’s economic, legal, fiscal, and financial issues constitutes a due diligence review. This includes information about things like sales data, shareholder structure, and potential connections to economic crimes like tax evasion and corruption. When a business starts working with partners, seeks to acquire another firm or property, or invests in real estate, a check of this kind is required.
Before making any significant business choices or purchasing a firm, due diligence is a crucial business strategy to take into account. Before putting your company’s finances into action, you need to grasp the proper due diligence procedures.
Meaning of Due Diligence: Due diligence is a procedure that includes risk and compliance checks, performing an investigation, review, or audit to verify facts and information about a certain issue. Simply said, performing your due diligence before getting into any deal or contract with another organization entails conducting your research and learning the necessary information.
Equity research companies, fund managers, individual investors, risk and compliance analysts and businesses, and broker-dealers are generally responsible for doing due diligence. Individual investors are also allowed to perform their due diligence. However, before selling securities, broker-dealers are obligated by law to conduct due diligence on it.
If you want to be an investment due diligence specialist you should know the following information.
Assessing the quality of profits and important operational indicators of the sectors in which Accenture has interests, as well as balance sheet elements like net financial debt and net working capital, are all parts of the financial due diligence process.
You will be in charge of informing the financial due diligence team and providing the corporate development deal team with advice on any issues that call for commercial or financial integration actions, financial risks, or other matters that could affect the process of negotiating the shares purchase agreement..
With the larger objective of defending Accenture’s financial and strategic interests, the position expands beyond the straightforward assessment of financial risks by adding commercial appraisal. You’ll collaborate closely with the corporate development team and other functionally specialized diligence teams, and you’ll offer continuity and smooth transition to the operational finance and post-merger integration teams when the deal closes.
It will be possible to obtain expertise in related fields related to transaction execution and integration.
So what is a IDDS and what qualifications and experience are we seeking?
- having worked in m&a due diligence for a big four firm or having equivalent experience at a big organization;
- professional services or consulting experience with a big accounting or financial organization;
- supported several initiatives including financial due diligence;
- college degree;
- outstanding interpersonal, presenting, and writing communication abilities;
- solid organizational abilities;
- excel proficiency and advanced financial analysis;
- shown cooperation and teamwork in a work environment;
- fluency in both English and German or French (both are a plus).