M&A Analyst

R1 (Analyst, 30 min): fast technical screen, three statements, basic DCF/valuation.
R2 (VP): heavy technical, depreciation and debt issuance through the three statements, unlevered FCF and why unlevered, WACC U-curve, cost of debt vs equity, DCF sensitivities, good LBO candidate and IRR drivers, CIM sections, full sell-side process, IOI vs binding offer, plus behavioral and an interesting deal.
R3 (VP): more conversational, why Rabobank, deal walk-through with your POV, transaction vs trading comps, strategic vs sponsor, behavioral.
R4 (VP): final fit and closing conversation.
Advice: know accounting cold, be able to walk the full sell-side process and distinguish IOI vs binding, prepare deals you can discuss with a point of view, and have a genuine sector-based "why F&A / why Rabobank."
Culture: professional and engaged, senior people take time to teach; sector-focused, smaller specialized M&A team, collaborative.