Executive Summary
Role Title: M&A Associate
Function: M&A
Contract: Permanent
Location: London
We are currently hiring for an M&A Associate to join the Group M&A team in London. Reporting to the Group Head, the M&A Associate will play a key role in evaluating and executing strategic transactions across Europe, including acquisitions, portfolio transfers and reinsurance opportunities.
The role-holder will also have the opportunity to collaborate with stakeholders across the business, helping shape investment decisions through financial analysis, valuation, due diligence and strategic insight.
This would be best-suited for an analytically strong professional with investment banking, private equity or corporate finance experience to work on high-profile transactions within a growing business.
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
