Senior Practice Transition Specialist, VSP Ventures
VSP Global is comprised of five complementary businesses that combine high-quality eye care insurance, high-fashion eyewear, customized lenses, ophthalmic technology and retail solutions, with employees in over 23 countries.
No matter the role, we re all focused on a singular mission:
to help people see.
Learn more by visiting https:
//vspglobal.
com/cms/careers/
General Summary
Responsible for overseeing all aspects of practice investment opportunities.
Assess whether practices meet minimum qualifications, oversee financial modeling, develop valuations, make investment recommendations and decisions, lead deal negotiations with sellers, develop letter of intent (LOIs), and oversee due diligence and closing activities for generally large volumes of small to medium-size transactions.
Essential Functions
Participate and collaborate in making investment recommendations and decisions
Perform fundamental financial and operational analysis, including site visits, and communicate recommendations to leadership
Use business acumen and industry expertise to inform the transaction structure and prepare the letters of intent in collaboration with legal counsel enabling the business to achieve target return on investment (ROI) and other business objectives
Act as the primary point of contact for seller from LOI through transaction close
Provide the seller with the support needed to ensure the close timeline is realized
Build relationships with the seller and lead the project such that all material information is discovered and communicated during the diligence process
Identify and communicate opportunities to optimize the investment portfolio through growth strategies, deal structuring, and optimization of the operational model
Identify and communicate risks and develop solutions for matters identified as needed throughout the due diligence and close process
Define the deal timeline and lead merger and acquisition efforts from initiation through closing including negotiations; operational, legal and financial due diligence; completion of purchase and other related legal documents; and wire transfer support, among other items as needed to ensure timely transaction close dates
Develop and use best practices, tools, templates and standardized merger and acquisition processes
Actively monitor and share information on emerging industry-relevant deal trends and events
Mentor and develop other associates, interns, and business partners
Job Specifications
Typically has the following skills or abilities:
Bachelors Degree in Business Administration or related field or equivalent experience
Minimum eight years of progressive work experience including financial modeling, scenario planning, mergers and acquisitions, business optimization, and customer facing and/or sales experience
Demonstrated proficiency with Word, PowerPoint, Excel, SharePoint, and Salesforce
Knowledge of project planning techniques
Excellent planning and organizational skills
Effective interpersonal and written communication skills
Must be able to travel up to 25% of the time
Ability to regularly exercises discretion and independent judgment in the performance of his/her job duties.
Preferred Skills
Experience with small to medium-sized practice acquisitions (any specialty, but optometry is preferred).
Ability to effectively lead communications with doctors and internal stakeholders.
Ability to independently prioritize work, escalate and solve issues, and hit goals and deadlines with minimal supervision.
Working Conditions / Physical Demands
The working environment is generally favorable.
Lighting and temperature are adequate, and there are no hazardous or unpleasant conditions caused by noise, dust etc.
The above information in this description has been designed to indicate the general nature and level of work performed by employees within this classification.
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.
VSP Global is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to age, gender, race, color, religion, sex, national origin, gender identity, sexual orientation, disability or protected veteran status.
We maintain a drug-free workplace and perform pre-employment substance abuse testing.
Estimated Salary: $20 to $28 per hour based on qualifications.
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