Senior Associate, Transaction Advisory Services, Healthcare

Intrinsic LLC•Chicago, IL

4h•Remote

About The Position

As a Senior Associate on Intrinsic's healthcare TAS team, you'll execute the analytical core of buy-side and sell-side financial due diligence: proof of cash, QoE analysis, net working capital, revenue, and profitability trending. You'll work directly alongside VPs and Directors on PE-backed healthcare deals, building real sector depth and technical command in one of the most dynamic corners of the M&A market.

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

Nice To Haves

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

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
Revenue cycle dynamics: collections trends, denial rates, days in A/R, coding and billing patterns
Payor mix and reimbursement rate sensitivity across commercial, Medicare, and Medicaid
Provider productivity and compensation model analysis (wRVU-based, collections-based, hybrid structures)
Healthcare-specific QoE adjustments: pro forma provider adds, contract rate changes, one-time reimbursement impacts
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