M&A Associate

Executive Summary
Role Title: M&A Associate
Function: M&A
Contract: Permanent
Location: London

Purpose of this role

The M&A Associate works on a broad range of investment opportunities through M&A, portfolio transfers and reinsurance for Athora across Europe.  In order to understand the value proposition and risks associated with any investment, the M&A Associate must analyse diligence data, scrutinize business trends, collaborate with Athora’s local businesses, construct investment models and present an investment thesis and analyses to senior management. Additionally, the M&A Associate may support the preparation of a strategic evaluation of a product or Line of Business of Athora’s existing local businesses. Responsibilities include financial modelling and analysis, company and industry research, and idea generation. The M&A Associate works in full coordination with the M&A team (Head of M&A, Senior Director) and relevant subject matter experts from Group and from business units. 

Key Responsibilities & Contribution Areas

• Conducting financial modelling and analysis incorporating various business projections and capital structures, while stress testing critical assumptions

• Build valuations and sensitivities based on assumptions and modelling signed off with the rest of the Athora project team, relevant individuals in Group Finance and leadership

• Performing company and industry due diligence, including risk assessment and quantitative & qualitative analysis of business and market trends

• Develop memoranda and materials with senior team members

• Presenting and participating in meetings, including communicating analyses effectively to senior management

• Partnering with external due diligence advisors such as accountants, tax experts, consultants and lawyers

• Working with Corporate Finance and other Group Finance to confirm impacts, incl rating and financing needs if any

• Analysing business performance trends of prospective investments

• Producing comprehensive pricing slide decks and required documentation

• Running the transaction SAA & liabilities through the asset model for quotations to support Key Rate/DV01 analysis

• Maintaining internal pricing audit trail (e.g. update quote databases, store final models, documentation etc.).

• Assist the team with additional ad hoc projects 

Personal Capabilities Required

• Ability to take initiative and support running a process to conclusion

• Strong multi-tasking skills and attention to detail

• Excels in a rigorous and fast-paced team-oriented work environment

• Outstanding communication skills with the ability to articulate and present complex information to key internal and external stakeholders in a clear and concise manner

• High levels of commitment and energy

• Entrepreneurial spirit – focused on making business work

• Flexibility and a positive attitude toward change

Functional or Technical Knowledge and Skills Required

• 2+ years in banking / PE, with a focus on life insurance M&A a significant plus

• Bachelor’s degree with an exceptional record of academic achievement

• Strong modelling, analytical, valuation and problem-solving skills

• Excel and modelling experience with any coding experience as a bonus e.g. VBA/Python etc.

• Fluency in any European language relevant to Athora would be a distinct advantage

• Actuarial or fixed-income knowledge / background is a plus

• Willingness to travel

Apply By:

31-07-2026