Manager/Associate - Financial Due Diligence - Merchant Banking - CA/CFA

Job Title: Manager / Associate Financial Due Diligence (FDD)

Department: Transaction Advisory / Due Diligence

Location: Mumbai

Reports To: Head Due Diligence / Director Merchant Banking

Employment Type: Full-Time

About the Role:

We are seeking a detail-oriented Financial Due Diligence professional to conduct comprehensive financial and business analysis of companies undergoing IPO, fundraising, M&A, or other capital market transactions. The role involves assessing financial health, identifying risks, and validating data integrity to support merchant banking mandates and investor confidence.

Key Responsibilities:

- Conduct end-to-end financial due diligence for companies planning IPOs (Mainboard/SME), fundraising, mergers, acquisitions, or restructuring.

- Review and analyze historical financial statements, quality of earnings, working capital trends, and cash flow patterns.

- Identify red flags such as revenue recognition issues, related party transactions, contingent liabilities, off-balance-sheet items, and accounting irregularities.

- Verify and reconcile financial data with statutory filings, tax returns, bank statements, and audited financials.

- Assess internal controls, accounting policies, and compliance with applicable accounting standards (Ind AS/IFRS/GAAP).

- Prepare detailed FDD reports highlighting key findings, risks, and recommendations for management and merchant bankers.

- Coordinate with statutory auditors, tax consultants, legal teams, and company management to gather and validate information.

- Support drafting of financial sections of offer documents (DRHP/RHP) including restated financials, MD&A, and risk factor disclosures.

- Analyze related party transactions, group structures, and corporate governance practices.

- Evaluate debt structure, contingent liabilities, litigation exposure, and off-book commitments.

- Benchmark financial performance against industry peers and assess sustainability of earnings.

- Assist in valuation inputs and deal structuring based on due diligence findings.

- Ensure due diligence process complies with SEBI ICDR Regulations and other applicable regulatory frameworks.

Key Skills & Competencies:

- Strong technical knowledge of accounting standards (Ind AS/IFRS), financial statement analysis, and audit methodologies.

- Proficiency in identifying financial risks, discrepancies, and quality of earnings issues.

- Strong analytical and investigative mindset with attention to detail.

- Excellent report writing and presentation skills.

- Ability to manage multiple engagements and work under tight deadlines.

- Proficiency in MS Excel (financial modeling), PowerPoint, and due diligence/audit tools.

- Working knowledge of SEBI ICDR Regulations, Companies Act, and Income Tax provisions is preferred.

Qualifications & Experience:

- Chartered Accountant (CA) mandatory/highly preferred; CFA/MBA (Finance) candidates also considered.

- 2-8 years of experience in Financial Due Diligence, Statutory Audit, Transaction Advisory, or Merchant Banking.

- Prior experience with Big 4/mid-size audit firms, investment banks, or transaction advisory firms is an advantage.

- Experience handling IPO-related FDD assignments is highly desirable.

Compensation:

- As per industry standards, commensurate with experience and qualification.