Senior Associate, Transaction Advisory Services, Healthcare

Overview

This role involves executing the analytical core of buy-side and sell-side financial due diligence for healthcare M&A transactions. The focus is on interpreting complex financial data related to revenue cycle performance, payor mix sensitivity, provider compensation structures, and reimbursement risk. The Senior Associate will work closely with VPs and Directors on private equity-backed healthcare deals, gaining sector expertise and technical proficiency in a dynamic M&A environment.

Responsibilities

Engagement Execution

• Perform core financial due diligence analyses including proof of cash, revenue and profitability trending, balance sheet reviews, vendor and payroll analysis, and quality of earnings/net working capital adjustments
• Build and maintain databooks from large, complex datasets ensuring organization, formatting, and accuracy to support defensible conclusions
• Draft and revise report sections based on feedback from senior team members, ensuring clarity and precision
• Manage the data room by tracking incoming documentation, identifying gaps, and maintaining outstanding requests
• Prepare analytical exhibits and financial questions in advance of management meetings
• Conduct thorough self-reviews to ensure accuracy before deliverables are shared

Healthcare-Specific Analysis

• Analyze revenue cycle dynamics such as collections trends, denial rates, days in accounts receivable, and coding/billing patterns
• Assess payor mix and reimbursement rate sensitivity across commercial, Medicare, and Medicaid payors
• Evaluate provider productivity and compensation models including wRVU-based, collections-based, and hybrid structures
• Apply healthcare-specific quality of earnings adjustments including pro forma provider additions, contract rate changes, and one-time reimbursement impacts
• Analyze management services organization (MSO) structures, de novo versus acquisition growth, and ancillary service performance

Firm Contribution

• Support internal initiatives such as peer coaching, recruiting, process improvement, and practice development
• Track activity and manage workflow using Salesforce and other firm tools

Requirements

• Minimum of 2 years of experience in audit, financial due diligence, transaction advisory, or closely related financial analysis
• Bachelor's degree in Accounting, Finance, or Business; CPA license or active pursuit preferred
• Strong Excel skills capable of handling large, complex datasets accurately and efficiently
• Ability to synthesize financial data into clear, actionable conclusions rather than simple summaries
• Experience with or strong interest in healthcare services, provider businesses, or healthcare transactions is a significant plus

Preferred Qualifications

• Self-driven with a proactive approach to career development and ownership of work product
• Excellent organizational skills with the ability to track open items, anticipate next steps, and communicate changes clearly
• Ability to perform under pressure managing multiple live workstreams and deadlines
• Receptive to feedback and able to implement improvements promptly
• Competitive mindset focused on high personal standards
• Clear and direct communication style
• Intellectual curiosity to deeply understand data beyond surface-level reporting
• Long-term career perspective aiming to build meaningful expertise

Compensation & Benefits

• Base salary range: $101,000 to $127,000 annually, determined by skills, experience, education, and qualifications
• Annual discretionary bonus targeted at 15% of base salary, resulting in total target cash compensation of approximately $116,150 to $146,050
• Benefits include medical, dental, and vision insurance; 401(k) plan with employer contribution; paid time off including vacation, sick leave, and company holidays; paid parental leave
• Flexible hybrid and remote work options
• Professional development support and continuing education reimbursement
• Participation in the firm's employee ownership model available at senior levels

This position is eligible for remote work. Compensation is not adjusted based on geography.

Location

Remote work is permitted; the organization is headquartered in Denver with team members across the country.