Rutherford Cross is delighted to be retained by our key client. The Weir Group again to recruit a Corporate Development Analyst in Glasgow.
The Weir Group PLC is a FTSE 250 global engineering business headquartered in Glasgow. The Group’s global footprint spans more than 70 countries while employing in the region of 15,000 people. With an auspicious history in Glasgow industry recent years have seen the Group undergo significant growth as well as operational and geographic changes; the recent $1.3bn acquisition of ESCO Corporation and £275m divestment of the Flow Control division now sees the company organised into three sector focused divisions in high growth markets – Minerals, Oil & Gas and Ground Engaging Tools.
Through effective execution of its strategy, Weir Group has reported continuing strong revenue and profit growth in recent years and seeks to continue to deliver long term shareholder value. People, Customers, Technology and Performance are the four distinctive competencies within this strategy. In 2018, the Group reported revenue of £2.4bn and profit before tax of £310m, supporting its position as one of Scotland leading and most successful companies.
The Corporate Development Analyst position supports Weir Group’s M&A and other business development projects. The Group’s strategic actions are supplemented by skillfully integrated, targeted acquisitions and carefully considered business disposals designed to optimise its product portfolio and further strengthen its global footprint and growth prospects.
The post-holder will play a key part in supporting the delivery of the Group’s strategic plan for corporate development. This is a project-based role, working in a small team, liaising with internal and external stakeholders.
Working as part of a 3-person team, the successful candidate will have the opportunity to learn from 2 highly experienced deal professionals. The role has been created with succession planning in mind and therefore this represents an exceptional opportunity for a motivated individual to not only gain exciting exposure now, but also the prospect of playing a leading role in the future.
This is a project-based role, working in a small team, liaising with internal and external stakeholders. The role supports M&A and other business development activity, which play a key part in the delivery of the Group’s strategic plan for corporate expansion.
The main duties and responsibilities will involve:
• M&A project execution, including project management and administration
• Identification, detailed review and analysis of acquisition targets
• Preparation of investment proposals
• Financial modelling
• Monitoring and review of peer company performance and wider market dynamics
• Relationship building with external advisors and internal stakeholders
• Working alone and as part of a team, dealing with senior managers, external advisors, and coordinating wider deal teams (cross-geographical / cross-divisional)
• Implementation of other business development initiatives, including joint ventures, technology partnerships, etc.
The role of Corporate Development Analyst requires a self-motivated and driven individual with a curious mind. The successful candidate will be willing to immerse themselves in understanding the current portfolio to give them the ability to research markets and identify potential acquisition targets. The successful candidate will have a problem-solving mindset and will have the desire to carve out a successful career within a large PLC environment. This individual will need to demonstrate gravitas and the ability to work across various stakeholder levels both internally and over time externally.
A summary of the key candidate requirements are as follows:
• Good First Degree
• Second Degree / Professional Qualification preferred (not essential)
• Relevant post qualification / education work experience, this could come in a variety of forms:
• M&A or general business development background (in-house, advisory or investment)
• Finance / analytical background
• Research and strategy background
• Advanced numeracy and analytical skills, including ability to interpret financial statements
• Strong research skills, including ability to conduct company and market research analysis and studies and articulate / present key findings
• Interest in global energy & resource markets preferred
• Knowledge and understanding of M&A processes preferred (but not essential)
• High proficiency in Excel, with financial modelling skills required
• High proficiency in PowerPoint
• Ability to work efficiently and to tight deadlines
• International outlook
A highly competitive package is on offer with this role and a full position profile can be reviewed via Rutherford Cross's retained advisors.