Competency Flashcards
What are the CLEARR Values?
Collaboration
Leadership
Excellence
Agility
Responsibility
Respect
Give an example of a time when you have needed to collaborate with another team or service line. How did you go about this and what was the impact?
S - RPF, items getting approved but not implemented
T - Improve co-operation between teams to improve implementation
A - Change Quorum requirements and implementation tracker
R - Decreased average implementation time (As seen on tracker)
R - Should have been assess prior to coming to the forum
Give an example of an occasion when you have had to adapt your priorities to meet a business or client need? How did you ensure you met your deadlines in a timely manner?
S - Q122 Restatement (Over-issuance of securities) AVP Annual Leave and VP on Maternity Leave
T - Restate the annual report quickly and to a high standard
A - Performed a lot of the work independently, pulled additional help from Chennai
R - Delivered the restatement quickly and to a high quality. Received an Outstanding rating because of it
R - Nothing on the task itself however should have taken advantage of the exposure to senior leadership
How do you ensure you lead by example at all times? Give an example of your leadership style and how you adapt this to meet the needs of your colleagues
S - Graduate handover
T - Get them up to speed, Especially External Reporting (Q3 & RNS)
A - Two weeks before, set up training sessions
R - Grad integrated quickly and enjoyed the year also kept close contact and he follow me to treasury
R - Handled well, but i think because i have suffered from a poor handover in the past
Give an example of a time you have had to challenge a colleague’s idea or opinion. How did you go about doing this and what was the outcome?
S - FLM, Presenting at the RPF
T - Internal Treasuries / Captive Financials. Key aspects of review and challenge. Pre-socialization rejected as key stakeholders disagreed
A - Put in separate meetings to come to a conclusion
R - Approved
R - Should have been better socialized
Give an example of a time you have driven operational excellence through a project or task. How did you ensure your quality levels were high and what actions did you take to enhance delivery throughout?
S - Results Presentation
T - Issues / Mistakes in the past
A - Responsibility to check on a weekly basis
R - Reduced the amount of mistakes
R - Would have done less checks in the first few weeks
How will you take responsibility to drive an inclusive culture within your team? Give examples of where you have done this in the past and how you might tackle this at Grant Thornton
S - 1st year, covid
T - Virtual Christmas for the team. Needed to be entertaining and interactive
A - Breakout rooms, lots of opportunities for people around the world to get involved
R - Good feedback
R - Other games, but easy to say now…
Who is the CEO
Peter Bodin
How is the UK IPO market performed this year?
H1 UK IPO Main Market and AIM down 31%
Adversely impacted by inflation and interest rates
How is M&A doing this year
M&A deals down 21% YoY
What is ECM?
Helps companies raise equity capital
Consists of the primary and secondary market
Motivation for the role? (3)
1) Role where i am helping drive the business forward, having a tangible impact and adding value because IPO / M&A is such a crucial stop for the business
2) Client Facing role - Would provide me with a different set of skills. Especially as the job description mentioned interfacing with senior employees
3) Aligning more towards my core skills and things i enjoy
What is capital?
Capital refers to a Company’s assets but focuses on the resources available to conduct daily business operations
What is Equity?
Owners share of the assets of a business
Equity = Total Assets - Total Liabilities
Advantages of raising capital in the ECM? (4)
1) Lower debt to equity ratio
2) More flexible
3) Compared to debt capital, there is less liability in case the business fails
4) Attracts and retains better management and skilled employees
Disadvantages of raising capital in the ECM? (4)
1) Expensive and time consuming
2) More scrutiny
3) Fewer tax benefits
4) Required to disclose financial, accounting, tax and other business information
What is an IPO?
An IPO is the process of offering shares of a private corporation to the public in a new stock issuance for the first time
What is discounted cash flow (DCF)?
NPV / Discount rateH
How do you calculate the discount rate?
WACC is typically used for the discount rate
WACC = (Equity * Cost of Equity) + ([% of capital that is debt)*(1-tax)]
What is NPV?
Shows the discounted cash flow of EBIT of a company
NPV = Net cash flow / (1+i)^t
What is IRR?
IRR is the discount rate that makes the NPV zero
Why Grant Thornton? (2)
1) I want to stay in a big company = bigger opportunities
2) Ranked #1 nominated advisor by number of AIM admission since 2018
Give an example of when you had to interface with senior management?
S - RPF
T - Quorum requirements
A - Regularly work in advance & delegates
R - Good turnout
R - Should have taken advantage of the opportunity more
Name 4 ways to raise funds in the capital market?
1) Equity shares
2) Bonds
3) Preference Shares
4) Debentures
What is NPV (Word definition)
What are the advantages of NPV? (4)
NPV shows the discounted cash flow
Advantages:
1) Easy to calc
2) Considers the time value of money
3) Considers the cash flows of the project
4) Gives ranking according to NPV
What are the disadvantages of NPV? (4)
1) Difficulty estimating the required rate of return
2) Focuses on short term projects
3) Some costs hard to estimate
4) Not possible to compare different size projects
What does the underwriter do?
Guarantee the shares will be sold
What did Ciara say she did?
Provide advice to private and quoted small-mid cap, high growth companies seeking growth, specifically through accessing public / equity funding in the following ways:
1) IPOs and Stock Market flotation
2) Advisor to quoted companies on the LSE Main market, AIM and ASQE exchanges
3) Public company M&A
4) IPO Readiness
