Head of Deal Finance - Cambridge, United Kingdom - AstraZeneca

AstraZeneca
AstraZeneca
Verified Company
Cambridge, United Kingdom

3 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Head of Deal Finance

Location:
Cambridge, UK

Help us accelerate towards our big purpose and impact patients
Join our dedicated global Finance division, that's powering AstraZeneca to better serve patients, every day.

The fuel behind our evolving, rapidly growing enterprise, we're here to help unlock the power of what science can do and ultimately have a big impact on patients' lives.

The work we do here is meaningful. Every action we take is focused on putting our patients first, and they add up to something bigger.

We help AstraZeneca to run faster and better, powering everyone else to focus on what's important and work towards delivering life-changing medicines.


As trusted partners, our niche expertise is valued across the enterprise, as we input and influence to drive the growth of AstraZeneca.


The Role:

AstraZeneca continues to pursue value enhancing transaction opportunities to supplement its product portfolio and development pipeline.

In addition, AstraZeneca wishes to deliver maximum value from existing assets and is keen to pursue appropriate partnerships, collaborations, out-licenses and divestments that will add new value and/or share risk.


AstraZeneca Business Development is a globally integrated organisation with world class capabilities in strategic forward planning, search & evaluation, transaction execution and alliance & integration management.

The nature of Business Development work is varied, fast moving and unpredictable.

As such Business Development provides challenging and varied opportunities for professional and personal development and an unrivalled opportunity to 'make a difference' to the future of the Company.


Deal Finance is responsible for leading the financial aspects of Business Development and M&A projects within AstraZeneca, including valuation, financial analysis, and deal structuring.

In addition, Deal Finance provide dedicated support in the negotiation and execution of transactions.

The Deal Finance team is the bridge between finance and many business areas, including early stage search, evaluation and transaction teams in the 3 AZ business divisions (Oncology BU, Biopharma BU and Rare Disease BU); Strategy, Business Development Operations (BDO) who are responsible for the transactions of all late stage, but also R&D, Commercial, Accounting, legal, tax, treasury, CorpDev, Group finance, etc


Key Responsibilities:


Building the financial business case. Deal Finance will collect, review and challenge all the inputs for financial business case (e.g. Sales, SMM, R&D), then construct a case pre and post terms focusing on P&L, Cashflow as well key financial metrics with updates as negotiations develop.


Leading on the financial structuring of each transaction. Think out of the box to build innovative deal structures. AZ has in house tax, treasury and accounting experts, Deal Finance leverages and coordinate their inputs to optimise the financial structure.


Participating in the
contract negotiation. Contract negotiations are typically led by a Transaction Director from BDO or the BUBD teams, supported by an in-house lawyer and a member of Deal Finance. Deal finance also lead the financial elements of the due diligence.


Key deliverables as the Head of Deal Finance:

  • Lead the Deal Finance team, supporting, coaching and developing team members to ensure a highly performing team
  • Deliver impactful deal structuring (terms, accounting, tax, legal, etc)
  • Provide guidance and challenge to BDO and the Business Unit transaction teams on the business, the deal structure and financial terms as transactions are developed. Lead the financial input to business strategy construction, ensuring that all key issues / sensitivities / risk are evaluated.
  • Lead the and coordinate the finance functional experts (Tax, accounting etc) to optimise the financial structure of each transaction for P&L impact, tax and cash flow impact for AZ.
  • Keep CFO appraised of developing transactions. Then ensure the rigour and transparency of the financial briefing input to each of the governance steps for transactions
  • For sell side transactions, guide head of BDO in planning and delivering the sell side profit and cash targets. Keep the financial reporting and planning teams up to date on the planned and actual projects and their delivery throughout the year.
  • Lead the finance input in the negotiation of complex, high value or highrisk transactions. Coach and mentor the Deal Finance team to do so on all other transactions.
  • Actively manage financial due diligence.

Education, Qualifications and Essential Experience:


  • Experience leading international Deal Finance teams (or similar), within Global organisations
  • Extensive experience within Corporate Finance, Mergers and Acquisitions. This can be through working in Competitive Intelligence, Investment Banking, Equity Research, Management Consulting or Investment Management.
  • Bachelor's d
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