BDO LLP is an accountancy and business advisory firm, we provide integrated advice and solutions to help businesses navigate a changing world. Our clients are Britain’s economic engine – ambitious, entrepreneurially-spirited and high growth businesses that fuel the economy.
We share our clients’ ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed.
BDO LLP operates in 18 offices across the UK, employing 3,500 people offering tax, audit and assurance, and a range of advisory services. BDO LLP has revenues of £428m and is the UK member firm of the BDO International network. The BDO global network provides business advisory services in 162 countries, with 74,000 people working out of 1,500 offices worldwide. It has revenues of $8.1bn.
- An opportunity exists to provide contractual and engagement support to BDO’s Financial Model Assurances Services team, which is part of the Project Finance and International Group (‘PFI Group’) within BDO’s national M&A Corporate Finance Stream. Additional support may be provided from time to time to the broader PFI Group and M&A stream.
- The PFI Group comprises three distinct sub-streams with varied requirements: an International Projects team; an Infrastructure Advisory team; and a Financial Model Assurance Services team (‘FMAS’) working on a global infrastructure projects and asset financings with major investment banks; bond issuers; infrastructure funds; construction, FM and utility companies. Given the size and profile of projects worked on within the PFI Group it is important that our engagement and other contractual arrangements are robust and sufficient time is spent reviewing and negotiating both individual clauses and client imposed terms to so that that these sufficiently address the key elements of the firm’s standard terms of business and that corresponding risks are mitigated.
- Working closely with and in conjunction with the FMAS partners, their teams, and the PFI Group, together with our in-house legal team, you will initially learn our standard approach to client engagements. This will include familiarising yourself with our standard form of engagement letter and BDO’s standard terms of business, and our internal risk and quality control procedures. You will also familiarise yourself with other common engagement and reliance related documents such as reliance (assumption of duty of care) letters, release/hold-harmless (non-reliance) letters, and NDAs. Your role will involve:
- Assisting with the review and assessment of client NDAs, engagement letters, sub contracts, reliance letters and other contractual agreements and mark ups received to the firm’s standard terms; or marking up clients’ own terms. This will include: reviewing the rationale for changes; preparation of mark ups; assisting in the preparation and submission of queries to the internal legal team/risk management unit where required; reviewing prior contracts for precedent examples and appraisal of the final form prior to execution.
- Assisting in the administration and management of nonstandard contracts, change control and sub contracts with overseas member firms of BDO international. Maintaining register of nonstandard contracts and high risk clients (eg US and North America) and log of Risk Management Unit (‘RMU’) agreed wording and clauses to address common types of contractual and engagement issues. Undertaking research on legal issues and liaison with RMU as required.
- Although primarily supporting FMAS you will also support the other business areas within the PFI Group and the M&A stream as required, and in particular in respect of contractual provisions of framework contracts, call off arrangements or multilateral agreements. , where necessary, may be required to negotiate terms in order to comply with internal risk and quality control.
- The role will require the candidate to engage with the FMAS and other partners and the legal department to facilitate a clear understanding of issues arising, together with a pragmatic and commercial approach in helping to resolve matters independently but also know when to escalate as appropriate.
- The candidate may be required to enter into telephone negotiations with external parties and on occasion conduct stream-wide project work to streamline the contracting process for the PFI Group.
- Legal/Paralegal background, or equivalent;
- Background or exposure in contractual management (preferable in either Audit, Corporate or Project Finance);
- An interest in learning about and developing a career in project finance;
- Good project management skills and desire to take ownership and responsibility of assigned tasks;
- A confident self starter who contributes ideas and shares an interest in helping to grow the business and to grow with it;
- Good commercial skills and judgement;
- An eye for detail;
- Great written, verbal, and interpersonal skills; and strong team working skills.