About the work We're building a high-quality library of in-house corporate development work products. You'll complete self-contained M&A exercises from mock files (CIMs, diligence reports, term sheets, board decks) and produce the deliverable for each, graded against a rubric.
What you'll do
Build valuation and merger models: three-statement, DCF, trading and transaction comps, accretion-dilution, cap table and equity waterfall.
Draft and compare transaction terms: IOIs, LOIs, term sheets, bid comparisons, deal structure and consideration economics.
Produce process and board materials: management presentations, data packs, buyer universes, board and committee decks, closing mechanics and funds flow.
Run screening, diligence and integration work: inbound deal screens, diligence request lists, findings synthesis, synergy models, carve-out analysis, 100-day plans.
You're a fit if you have
4+ years in an in-house corporate development or M&A role at an operating company.
Hands-on ownership of live transactions end to end, not support work.
Nice to have
- Investment banking or private equity background before moving in-house; Big 4 transaction advisory or financial due diligence.
Assessment A merger model from a mock target file; a term sheet comparison; a board-ready recommendation memo.
Note: we're looking for in-house operators, not sell-side or advisory practitioners.
Listing sourced from Mercor. Annotation Academy is independent of these platforms and does not guarantee work or pay. See our disclosures.