Job Description & Summary
Delivering Deal Value (DDV) is a Sofia-based team that operates as part of the wider Deals practice within PwC Bulgaria and is planned to triple over the next two years. While based in Sofia, the team effectively functions as an extension of the DDV UK team in London. This means that all the DDV work is on UK and global deals, with predominantly mid- and large-cap international companies.
DDV UK is a market leader in assisting both Corporate and Private Equity clients. Most of its work is in the Mergers and Acquisitions (M&A) space, both pre- and post-deal. The M&A deals DDV UK works on range in size from £50m to over £10bn and the clients include some of the most well-known brands and businesses in the world.
In the DDV team in Sofia, you will be aligned to the UK Technology team team, which is a cross-sector team., The type of client projects you work on will vary based on the demand and the current deal market. Therefore, a high degree of flexibility is expected.
About the role
We help clients achieve maximum value on their deal transactions by solving transformational and operational challenges. Our work is often complex and fast paced; at the same time, the opportunities for personal and career development are vast. You will be working alongside your UK colleagues on a range of projects across the different products we offer as a team, including:
Carve out and divestment support – i.e. What does the business look like in a standalone state? What support and transition services will it need to function? How can we help our clients execute the separation and ensure a smooth Day 1?
M&A Integration – i.e. How can our clients protect and grow value in an acquisition, what is the right level of integration to achieve this and what does an effectively-run integration programme look like? Where are the synergies between two businesses and how well has the plan for capturing these synergies been compiled?
Operational due diligence – i.e. Has the business been performing well? What does its operating model look like, is it sustainable and fit for purpose, are there any associated operational risks? What could be improved to reduce costs and unlock further value for our client?
Post-acquisition performance improvement using our Rapid Value Creation methodology – i.e. Where might value lie in the business and how can we generate sustainable cost savings?
While the entire DDV team offers the four products listed above, you will specifically focus on the IT back-office elements of the work and / or Tech-based businesses whose operating models rely on complex digital platform(s).
As a Tech Manager in the DDV team, your typical responsibilities will include:
Leading Tech-related workstreams in large projects, or taking end-to-end responsibility for small Tech-focused projects. As part of this, owning key pieces of IT analysis and deliverables
Leading analysis and developing hypotheses independently, as well as reviewing hypotheses and analysis produced by more junior team members
Owning relationships with individual members of a client team
Contributing to business development activities, such as the creation of proposals, discussion documents and other
Developing internal relationships with DDV UK and within PwC Bulgaria
Onboarding and coaching new members of the team
What we are looking for
Background in any of the following: a) M&A / deals; b) Direct IT operational or process improvement experience; c) IT management of change / consulting; or d) IT audit
Extensive experience of key business application design and/or implementation to include one or more of ERP, CRM, BI, Middleware, bespoke platform, eCommerce or any industry specific front office systems
General understanding of key infrastructure concepts and components, i.e. networks, data centres and cloud
Comfort around IT and operational analysis to quickly understand the core IT, operational and back offices processes and their associated costs to the business
Experience in reviewing IT enabled performance improvements, IT enabled cost reduction plans and IT capital expenditure needs
Excellent verbal and written communication - all work will be in English and primarily with native speakers (from DDV UK and end clients)
Report writing - ability to write clear and concise reports based on detailed analysis in iterative mode with several 360 degree review rounds by DDV UK peers
Stakeholder management - ability to quickly develop rapport and build strong relationships (within DDV UK and end clients)
Financial acumen - comfort around financial analysis and in understanding the drivers of financial information related to technology components
Analytics - ability to quickly process large amounts of information and draw out hypotheses and key messages
Resilience - self-starter, comfortable with uncertainty, thrives under pressure and able to flex working hours to meet deadlines
Natural curiosity - ability to apply logic and problem solving to difficult business problems
Desirable, but not essentials skills and experience
Leading and/or delivering IT change transformation projects
Restructuring, business and/or process improvement expertise with focus on IT benefit realisation and maximising value of IT assets
Experience around IT operational analysis and understanding of IT impact on business processes, their associated costs and potential issues, as well as opportunities for improvement
Leading an IT function/ department or team (not mandatory, but an appropriate level of maturity is expected)
Financial and/or managerial accounting literacy (not a must or proficient level, but relevant foundation knowledge is expected)
MBA or other professional qualification in business management or finance
Further foreign language skills (beyond English) at minimum proficient level
Certifications E.g. ITIL v3/4 Certifications e.g. Expert(3) or Foundation or up to Managing professional(4), Cobit, Prince 2, PMP, AWS, Google Cloud, Azure, PSM/ PSPO(Scrum exposure), LSS (GB,YB,BB), etc.
What we offer you
Professional experience in an international setting with room for assuming responsibilities
Company training and excellent opportunities for professional and career growth
Challenging and interesting projects - working on medium and large deals within the UK and globally with key Corporate and Private Equity clients
Comprehensive employee benefit program, including additional medical insurance, food vouchers (BGN 200 per month), a sport card, a fringe benefit and an annual bonus
Professional, positive and team-oriented working environment
Central office location in Sofia and opportunity to work from home
Opportunity to travel to London to socialise and build relationships with your colleagues from the DDV UK team
Only short-listed candidates will be contacted.
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