Man been a while since I've used these forums. Have a question for the group.
Primarily spent past 5 - 6 years in RX consulting and investment banking at VP level now and tired of the grind..very tired.
Have an offer to take over finance function (think primarily working capital and other projects) at a PE port co that is $350 to $500M EV.
Offered me $300K cash comp (unsure of base / bonus). Any insights on equity I should ask for as LTIC?
Was thinking $100 to $150K annual until exit. Unsure if that is low or high.
For background started in IB did A2A, went to RX consulting and now RX IB for past 5 to 6 years.
Appreciate any help or insights here.
I am a FP&A manager, report to CFO of a ~$500M EV portco, 8 years total experience. Energy/utilities/mining, LCOL. I'm the only finance staff, an accounting analyst helps with some mundane work.
TCC: $190/yr
Units: ~$100/yr, 1% of management pool, one time award that is vesting over 5 years, I'm in year 2, immediately vests upon change of control
I don't think $100-150 is unreasonable, not sure how that compares to 1-5% of the management pool which is what I'd think a VP level would receive. Congrats on the offer, sounds like a good role!
Thank you very much for the insight. So to understand you're taking $100K in RSUs (at some vesting / strike) and 1% of MIP? Am I thinking about it correct that you are effectively taking 0.1% equity in whole co (1% x 10% assumed MIP size)? Or is that structure different thank I am understanding?
$100K in RSUs is really solid as well, sounds like a great role for you as well!
I wish! It is just 1% of the management, class B, units. Our only share-based comp are these class b units. And yes, you're right effectively 0.1% in the whole co, vesting over five years, which equates to ~$100/year. So total comp is ~$290.
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