Associate - Vermilion Group

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/or 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 performing, driven individual who embraces a long-term perspective on value creation, beneficial impact investing, building and sustaining a generational portfolio and aligns with Vermilion’s values.

ABOUT VERMILION

Vermilion Group (“Vermilion”) is the Mortenson family’s approach to long term impact. Culture, reputation, and the team matter to build great businesses. We know how to steward a business over long periods of time to create sustainable value and preserve legacy.

Building an equitable, sustainable future is the guiding commitment of the Mortenson family.

We manage our businesses over generations, not in quarters or even decades. This enables us to make decisions in every instance, with a lens of long-term impact.

For more than 70 years, we’ve been building great businesses and great partnerships.

Smart adaptation and diversification have not only kept our family business healthy, it has kept us at the leading edge of change. Through Vermilion, we seek to equip other businesses so they can achieve similar exceptional results.

Legacy doesn’t have a finish line.

Doing well by doing good is the Mortenson legacy, and we’ve never wavered. It’s led by a patient view of growth, supported by a commitment to community, the environment, and social responsibility.

We’re looking for great businesses who are doing good.

Our focus is companies with $5 to $15 in cash flows that are poised for growth and impact. To these relationships, we bring a commitment to impact investing and a broad range of expertise and resources to build success that lasts generations.

RESPONSIBILITIES

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
- Support and build “thesis driven” buyside and deal generation campaigns and identify proprietary investment opportunities

Deal Execution

- Participate in investment evaluation activity including financial modeling and scenario analyses
- Collaborate with the Vermilion team 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 SVP, 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 SVP, Managing Director, Chairman, CFO and Board of Advisors.
- Assist portfolio companies with strategy deployment and financial analyses as needed to achieve growth objectives
- Provide corporate development support to assigned portfolio companies including add-on acquisitions, partnerships, etc.

Firm Support

- Assist with Vermilion’s internship program including identifying and recruiting top-tier undergrad candidates, maintaining relationships with undergraduate business programs and recruitment offices, and providing mentorship and training to interns
- Assist with various firm-wide initiatives including internal relationship development across Mortenson, development of ‘best-practice’ tools (ex. Deal evaluation templates), AI-related initiatives, and various other activities that support firm-wide goals

QUALIFICATIONS

- 2+ years working in investment banking, private equity, family office, corporate development group, management consulting or 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
- Knowledge of and passion for using investing as a means by which to engender beneficial impact
- 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

The base pay range for this role is $107,300 - $134,150

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.

#LI-DNI

Please make note:

- Visa sponsorship is not offered for this position.
- Our postings are typically open a minimum of 5 days and an average of 44 days.

Equal Employment Opportunity

Your uniqueness brings new and creative perspectives to the team. Mortenson 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

- Mortenson 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.