Associate Position

To be considered for this role: please submit a cover letter along with your resume to Temuka Dashzeveg at Temuka.dashzeveg@vermiliongroup.com

Summary

This is an exciting opportunity to be part of the Vermilion team! We’re seeking an Associate with strong expertise and practical transactional and operational experience in areas including sourcing, target assessment, valuation, due diligence, deal execution, and portfolio company monitoring and management.  This is a unique and exciting opportunity for a high performer who embraces a long-term perspective on value creation, beneficial impact investing, building and sustaining a generational portfolio and aligns with Vermilion’s values.

The ideal candidate will be a strategic, purpose-driven investment professional with demonstrated interest in private equity, direct investing and/or corporate development. This person will be a highly motivated team player who embraces a long-term perspective on value creation and prioritizes the beneficial impact that businesses can have. They will have demonstrated an ability to build enduring relationships and work with all levels of an organization throughout their career. They will also bring a strong process orientation to their work.

About Vermilion

Vermilion Group is the private direct investor for the Mortenson family. The Mortenson family-built M. A. Mortenson Companies, Inc. into a highly diversified family-owned growth and community-oriented construction organization. Vermilion pursues private equity investments in healthy privately held and/or founder-owned companies with a view to make them great.

Our Values

Stewardship – Responsibly manage resources for the long term
Goodness – Commitment to doing the better thing
Inspiration – Reimagine and advance what is possible

Responsibilities

Deal Execution

• Participate in investment evaluation activity including financial modeling and scenario analyses
• Collaborate with Managing Director, Vice Presidents and Senior Associates to outline transaction structures and create in depth business cases for potential investments
• Support due diligence processes and evaluate all critical components of potential investments, bringing in outside experts as needed
• Draft short-form and long-form investment memoranda

Investment Oversight

• Support operating company post-close activities to ensure value creation drivers are maintained and managed
• Work with Managing Director/CFO to monitor financial and Impact performance and evaluate returns on investments
• Develop and conduct quarterly internal portfolio valuation and assist with portfolio reporting for presentation to Managing Director, Chairman, CFO and Board of Directors
• Assist portfolio companies with strategy deployment and financial analyses as needed to achieve growth objectives
• Provide support to portfolio companies efforts to identify and build relationships with potential bolt-on acquisition targets

Prospect Development

• Conduct research and analysis, including but not limited to industry/market dynamics, competitive profiles, outreach calls, target profiling, primary research etc., to support deal opportunities in-line with Vermilion’s investment strategy
• Assist in the development and maintenance of relationships with deal sources including investment advisors, investment bankers, other family-run enterprises, attorneys and other key stakeholders to ensure a robust pipeline of investment opportunities

Qualifications

• 2+ years working in investment banking, private equity, family office, corporate development group, management consulting or a related field
• Demonstrated experience developing/evaluating financial models, analyzing financial statements, understanding various valuation methodologies and working in a transaction-oriented environment
• Demonstrated proficiency with Microsoft Excel and financial modeling
• Strong command of accounting and finance
• Outstanding communication and interpersonal skills
• Desire to deliver both financial and impact-related outcomes through investments
• Bachelor’s degree in business or related field with excellent academic record, preferably with an emphasis in finance, accounting or economics
• Interest and comfort working in a small, fast paced organization with an emphasis on teamwork, humility, stewardship and a commitment to doing the better thing

Leadership Competencies

The Associate at Vermilion is expected to demonstrate the following leadership competencies

Strategic Acumen: Understands what drives value in investments and can apply expertise to strategic opportunities. Prioritizes strategically, assisting the organization in pursuing and capitalizing on the best investment opportunities.

Sound Decision-Making: Possesses strong intellectual curiosity and the ability to analytically, conceptually and critically evaluate information to determine relative strengths and weaknesses of ideas and proposals. Comfortable managing ambiguity and balancing action with the appropriate level of risk.

Disciplined Execution: Coordinates the establishment of plans to achieve objectives, adapting and adjusting near term plans to proactively anticipate what is next. Ensures adequate capabilities are present and effectively allocates and deploys resources and time.

Accountability and Dependability: Takes personal responsibility for the quality and timeliness of work and achieves results with little oversight. Sets high standards for the organization and holds self and others accountable.

Entrepreneurial Spirit: Understands and manages the challenges inherent in future-looking and growth-oriented environments. Promotes systems and processes that are nimble in order to achieve evolution and scaling.

Champions Innovation: Constructively applies expertise to develop processes and approach to investing. Uses data and insights to recommend well-reasoned risks and new ideas.

The base pay range for this role is up to $120K
Base pay is positioned within the range based on several factors including an individual’s knowledge, skills, and experience, with consideration given to internal equity.

Equal Employment Opportunity

Your uniqueness brings new and creative perspectives to the team. Vermilion is committed to providing equal opportunities of employment (EOE) to all individuals, regardless of your race, religion, gender, national origin, age, veteran status, disability, marital status or any other legally protected category.

Other Items to Note

• Vermilion reserves the right to hire any individual without legal or financial obligation on unwanted solicitations. No agency emails, calls, or solicitations are accepted without a valid agreement
• Must be currently legally authorized to work in the U.S. without sponsorship for employment visa status (e.g., H1B status, 0-1, TN, CPT, OPT, etc.). We are unable to sponsor or take over sponsorship of an employment Visa at this time