Associate - M&A

POSITION PURPOSE

To support the Essar group's restructuring and mergers & acquisitions activities, where Essar Capital India is providing advisory services. The work includes providing solutions for all transactions within the tax and regulatory framework. This ensures the smooth integration of varied laws (including FEMA, Companies Act, income tax and international tax laws) and other applicable laws during M&A activities, including during tax / financial litigations.

POSITION SIZE

FINANCIAL / OPERATIONAL

NON-FINANCIAL

Assets: N/A

Budget: N/A

DIRECT REPORTEES

NA

INDIRECT REPORTEES

NA

POSITION REQUIREMENTS

Education

A qualified Chartered Accountant is required

Experience

1-4 years of relevant work experience in providing tax strategies

SKILL/COMPETENCIES REQUIREMENTS

We are looking for a candidate who has prior experience and/or is willing to learn the following skills and competencies:

• Experience in deal advisory or transaction tax advisory
• Knowledge and experience in Tax and accounting practices in M&A transactions, including the Schemes of arrangement, restructuring exercises, etc.
• Hands-on experience in international taxation, direct tax and transaction tax aspects
• Knowledge of regulatory and compliance norms in India, the US, the UK and Mauritius
• Knowledge of financial accounting, valuations, projections, etc.
• Understanding of transaction documents like Share Purchase Agreements, JV Agreements, Shareholder Agreements and other relevant documents

NETWORK

WITHIN THE ORGANIZATION

OUTSIDE THE ORGANIZATION

• Shareholders
• Business and function heads
• Finance and accounting team
• Compliance and legal team

• Advisors
• Legal firms and Lawyers
• Banks
• Income Tax department
• External M&A agencies and consultants

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AREA

KEY ACTIVITIES

1

Mergers and Acquisition

• Develop and serve as a resource to be involved in the M&A transactions and provide input on all aspects of the transaction, including commercial, legal, regulatory and tax aspects.
• Prepare and review the information memorandum, term sheets and security structures for fundraising activities, including FEMA compliances and tax efficiency.
• Solve complex tax, accounting and business issues by reading financial statements, business models, regulatory filings, transactional documents, tax returns, litigations, etc.; with a focus on developing tax-efficient and regulatory-compliant structures for M&A transactions
• Provide inputs in decision-making based on identified risks and opportunities for new, impending and ongoing M&A activities and provide oversight on the valuation and structural impact of the merger or acquisition
• Support the M&A Team in creating detailed transaction reports, data books and structured decks; highlight any issues and provide recommendations on resolving it
• Review the transaction documents and highlight any kind of risk involved and provide suggestions to improve the transaction documents
• Discuss with external advisors and obtain various opinions and analysis to support the transactions and validate the available options.
• Conduct tax research involving complex technical tax issues across a broad spectrum of Indian tax law as well as international tax laws and provide recommendations on developing an effective plan as per the strategies of Essar Capital and its holding companies in India
• Identify new opportunities for tax savings via tax structuring or restructuring strategy and provide recommendations on efficiently managing revenue and expenses.

KEY PERFORMANCE INDICATORS

• Prepare tax efficient and Company Law & FEMA compliant structures and options
• Review of Transaction Documents
• Identification of options for various M&A activities and optimization
• Assist finance and legal teams with innovative solutions for fund raising initiative, managing ongoing litigations and other new business work streams
• Smooth integration and resolution of challenges during M&A activities
• Assist in due diligence and deal closure processes
• Assist in preparing information memorandum, term sheets and other fund raising activities