Test - Senior Associate, Transaction Advisory Services, Healthcare

Intrinsic LLC

6d•Hybrid

About The Position

As a Senior Associate on Intrinsic's healthcare TAS team, you will execute the analytical core of buy-side and sell-side financial due diligence, including proof of cash, QoE analysis, net working capital, revenue, and profitability trending. You will work directly alongside VPs and Directors on PE-backed healthcare deals, gaining real sector depth and technical command in the M&A market. Intrinsic fosters an environment where individuals own their development, with a clear path for progression from Senior Associate to Vice President. At the Director level and above, an employee ownership structure means the firm's success directly benefits its employees. The role includes a meaningful 15% bonus target tied to firm performance and operates within a high-performance environment that provides direct and developmental feedback, maintaining high standards and a fast pace.

Requirements

At least 2 years of experience in audit, financial due diligence, transaction advisory, or closely related financial analysis
Bachelor's degree in Accounting, Finance, or Business
Strong Excel skills with the ability to handle large, complex datasets accurately and efficiently
Ability to synthesize financial data into clear findings — not summaries, but conclusions with a point of view
You drive your own career — you don't wait for someone to hand you opportunities, you earn them
You own your work product; accuracy is your responsibility before it reaches anyone else
You track what's open, anticipate what's next, and communicate clearly when something shifts
You hold yourself to a high standard under pressure — multiple live workstreams and hard deadlines bring out your best, not your excuses
You receive feedback, implement it, and move forward; you see it as part of performing at a high level
Competitive in the right way — you measure yourself against a high bar, not the person next to you
Direct and clear: in how you communicate, how you think through problems, and how you deliver findings
Intellectually curious — you go past the surface of the data because you want to understand, not just report
Someone who takes the long view on their career: you're here to build something real, not collect a paycheck

Nice To Haves

CPA licensed or actively pursuing
Experience with or a genuine interest in healthcare services, provider businesses, or healthcare transactions

Responsibilities

Execute core financial due diligence analyses: proof of cash, revenue and profitability trending, balance sheet reviews, vendor and payroll analysis, and QoE/NWC adjustments
Build and maintain databooks from large, complex datasets — organized, formatted, and accurate enough to support defensible conclusions
Draft report sections and revise based on VP and Director feedback; your work product needs to be clear and precise before it moves up
Manage the data room — track incoming documentation, flag gaps, and keep outstanding requests current
Prepare analytical exhibits and financial questions ahead of management meetings
Own your self-review; accuracy is your responsibility before anyone else sees it
Analyze revenue cycle dynamics: collections trends, denial rates, days in A/R, coding and billing patterns
Analyze payor mix and reimbursement rate sensitivity across commercial, Medicare, and Medicaid
Analyze provider productivity and compensation model analysis (wRVU-based, collections-based, hybrid structures)
Perform healthcare-specific QoE adjustments: pro forma provider adds, contract rate changes, one-time reimbursement impacts
Analyze MSO structures, de novo vs. acquisition growth, and ancillary service performance
Support internal initiatives between engagements: peer coaching, recruiting, process improvement, and practice development
Track activity and manage workflow through Salesforce and firm tools