Crosstree is a specialty boutique investment bank with an exclusive focus on Health Sciences, including Pharmaceutical Services, Diagnostics and Tools, and Digital Health. We advise founder‑led and PE‑backed middle‑market companies on M&A; and private capital transactions.

We build institution‑grade financial models and transaction materials. The standard is not good enough for a regional bank, it is good enough to withstand scrutiny from a sophisticated buyer’s diligence team.

ROLE OVERVIEW
We are seeking a Senior Financial Analyst (Manager) to join our remote nearshore team. This is a hands‑on execution role at the core of our deal process, not a strategy role, not a business development role. You will build and own the financial models that underpin every transaction we run.

You will initially manage one Financial Analyst, with the expectation that the team grows as the firm scales.

The defining requirement of this role is the ability to build rigorous bottom‑up financial models from imperfect, real‑world inputs. If your modeling experience is primarily top‑down, applying growth rates to market sizes or revenue multiples to comparable companies, this role is not the right fit.
THE THREE MODEL TYPES THIS ROLE OWNS
Every engagement requires command of these three model types, listed in order of importance.

Bottom‑Up Three‑Statement Integrated Model
This is the primary deliverable on every engagement and the foundational filter for this role. It must be built from the ground up, from trial balances, raw P&Ls;, and operating data, not from a top‑down growth rate applied to a revenue line.

Revenue must be constructed from actual business unit drivers:

Named client contracts or pipeline opportunities with probability weighting by named account

Bookings and backlog burndown schedules, not a percentage growth assumption

Headcount‑driven revenue where applicable (utilization rate × billable hours × rate)

Segment‑level forecasts for companies with multiple service lines or geographies

Cost structure must reflect vigente operating mechanics:

Headcount by function with fully loaded costs, salary, benefits, and payroll taxes

Clinical vs. administrative staff mix modeled separately where relevant

Variable costs tied explicitly to revenue or volume drivers, not a margin percentage





Capex tied to specific operational decisions, not a percentage of revenue

Cash flow must reflect actual timing:

DSO‑driven accounts receivable build, not net income plus depreciation

Working capital movements explicitly modeled

Balance sheet must balance and cash flow statement must reconcile to period‑end cash

DCF Valuation
Built directly from the three‑statement model, not a standalone exercise. Includes WACC build, unlevered free cash flow derivation, terminal value using both exit multiple and perpetuity growth methods, and sensitivity tables across at least two variables. The DCF must update dynamically when the underlying bottom‑up assumptions change.

Comparable Companies and Precedent Transactions
The market context layer that validates and triangulates against the DCF. Public comps and M&A; precedents in relevant healthcare sub‑sectors using CapitalIQ. Implied multiple derivation and benchmarking against the DCF range. Must be able to explain why each comp is or is not comparable.

Note on LBO: understanding LBO mechanics well enough to anticipate a PE buyer’s return math is expected. Building a full LBO from scratch is a secondary skill for this role — the buyer runs their own model.

KEY RESPONSIBILITIES

Build and maintain bottom‑up three‑statement models from trial balances and operating data for active M&A; mandates

Construct DCF valuations with sensitivity analysis tied directly to the integrated model

Build comparable company and precedent transaction analyses using CapitalIQ

Perform detailed historical financial analysis including quality of earnings, working capital normalization, and EBITDA adjustments

Develop financial and valuation sections of CIPs, management presentations, and pitch materials

Manage model updates and roll‑forwards with accurate variance analysis

Review and refine junior analyst work against Crosstree’s modeling standards





Support pre‑ and post‑marketing due diligence processes

QUALIFICATIONS — MUST HAVE

Demonstrated ability to build bottom‑up three‑statement models from raw operating data — not top‑down market‑based projections

5+ years in investment banking, transaction advisory, credit/restructuring analysis, or boutique M&A; advisory. Exceptional candidates from other backgrounds will be considered if the case study demonstrates IB‑grade modeling capability.

Fluent English — written and spoken. Must be able to present and explain models directly to US Managing Directors without support.

Advanced Excel — formulas, pivot tables, scenario analysis, dynamic model architecture with no hardcoded assumptions

Strong accounting foundation — U.S. GAAP, balance sheet mechanics, cash flow reconciliation

Available during US East Coast business hours

QULIFICATIONS — PREFERR

Background in investment banking, Big 4 Transaction Advisory/Deals, or workout/restructuring credit analysis

CapitalIQ proficiency — comps screening, financial data extraction, transaction search

CFA designation (completed or in progress)

Experience with healthcare sector companies

Exposure to AI‑enabled workflow tools

APPLICATION AND CASE STUDY
Submit your resume with details of your transaction or advisory experience and a brief note confirming English proficiency.

Shortlisted candidates will complete a mandatory 72‑hour case study. The case study provides a messy trial balance and a set of operating data. You will build a bottom‑up three‑statement model, a DCF, and a comps table, and prepare a 2‑slide financial summary as if presenting to a client.

There is no template. The model architecture is part of what we are evaluating.

WHAT WE OFFE

Competitive compensation: $54,000–$62,000 USD/year base + bonus

Remote work with structured processes and clear workflows

Direct collaboration with U.S. investment professionals, including Managing Directors

Technology‑forward, AI‑enabled working environment

Stable, long‑term opportunity with a clear path to team leadership as the firm scales

The chance to build models at the highest level of industry sophistication

Crosstree is an equal opportunity employer.

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📌 Senior Financial Analyst (Xico)
🏢 Crosstree
📍 Xico