Senior Associate, Transaction Advisory Services, Healthcare

The RoleHealthcare M&A deals don't run on a standard diligence playbook. Revenue cycle performance, payor mix sensitivity, provider compensation structures, and reimbursement risk require someone who can read what the data is actually saying — not just organize it.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.Why IntrinsicYou own your development. Intrinsic is not a place where careers happen to you. You run real workstreams, own your deliverables, and are accountable for what goes out the door. If you want to grow fast, the environment supports it — but you have to drive it.The path forward is clear. Intrinsic is a private, independent firm — not a bureaucracy. The progression from Senior Associate to Vice President is defined and real. When you're ready to step up, the opportunity is there. As you advance, so does your stake in what we're building: at the Director level and above, our employee ownership structure means the firm's success is directly yours.When the firm wins, you feel it. Before you reach ownership, the 15% bonus target at this level is meaningful and tied to the firm's performance. This isn't a token variable comp — it's a real part of how you're rewarded for strong work in a strong year.What You'll DoEngagement ExecutionExecute core financial due diligence analyses: proof of cash, revenue and profitability trending, balance sheet reviews, vendor and payroll analysis, and QoE/NWC adjustmentsBuild and maintain databooks from large, complex datasets — organized, formatted, and accurate enough to support defensible conclusionsDraft report sections and revise based on VP and Director feedback; your work product needs to be clear and precise before it moves upManage the data room — track incoming documentation, flag gaps, and keep outstanding requests currentPrepare analytical exhibits and financial questions ahead of management meetingsOwn your self-review; accuracy is your responsibility before anyone else sees itHealthcare-Specific AnalysisRevenue cycle dynamics: collections trends, denial rates, days in A/R, coding and billing patternsPayor mix and reimbursement rate sensitivity across commercial, Medicare, and MedicaidProvider 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 impactsMSO structures, de novo vs. acquisition growth, and ancillary service performanceFirm ContributionSupport internal initiatives between engagements: peer coaching, recruiting, process improvement, and practice developmentTrack activity and manage workflow through Salesforce and firm toolsWhat Makes You a FitYour background:At least 2 years of experience in audit, financial due diligence, transaction advisory, or closely related financial analysisBachelor's degree in Accounting, Finance, or Business; CPA licensed or actively pursuing preferredStrong Excel skills with the ability to handle large, complex datasets accurately and efficientlyAbility to synthesize financial data into clear findings — not summaries, but conclusions with a point of viewExperience with or a genuine interest in healthcare services, provider businesses, or healthcare transactions is a meaningful plusHow you work:You drive your own career — you don't wait for someone to hand you opportunities, you earn themYou own your work product; accuracy is your responsibility before it reaches anyone elseYou track what's open, anticipate what's next, and communicate clearly when something shiftsYou hold yourself to a high standard under pressure — multiple live workstreams and hard deadlines bring out your best, not your excusesYou receive feedback, implement it, and move forward; you see it as part of performing at a high levelWho you are:Competitive in the right way — you measure yourself against a high bar, not the person next to youDirect and clear: in how you communicate, how you think through problems, and how you deliver findingsIntellectually curious — you go past the surface of the data because you want to understand, not just reportSomeone who takes the long view on their career: you're here to build something real, not collect a paycheckCompensation & BenefitsThis position has an expected base salary range of $101,000 to $127,000 annually. Skills, experience, education, and qualifications determine final compensation. Employees are also eligible for an annual discretionary bonus targeted at 15% of base salary, bringing target total cash compensation to approximately $116,150 to $146,050.Benefits include medical, dental, and vision