M&A Manager

M&A Manager

London (EC2R 7HJ)

Hybrid working (3 days in the office)

Full time 37.5 hours

Permanent

Competitive Salary (DOE) plus fantastic Bupa benefits

Advert closes Friday 6th February 2026

We make health happen

At Bupa, we’re here to help people live longer, healthier, happier lives — and to make a better world. With no shareholders, our focus is on our customers and the care we deliver every day.

As an M&A Manager, you’ll play a key role in shaping the future of our business. You’ll help us grow sustainably by supporting the identification, assessment and delivery of new opportunities — from acquisitions and divestments to joint ventures and strategic partnerships.

In this role, you’ll bring together financial insight, commercial thinking and a collaborative approach that supports teams across the market unit. Your work will help us invest in the right opportunities, strengthen our services, and ultimately improve the experience of the people who rely on us.

How you’ll help us make health happen

• Support the development and implementation of an ongoing programme of acquisitions, divestments, joint ventures and strategic partnerships.
• Appraise new opportunities by preparing information memorandums, internal business cases and financial reviews.
• Build, refine and stress‑test valuation models — including discounted cash flow (DCF), trading multiples and precedent transactions — using scenario and sensitivity analysis.
• Assess key transaction metrics such as profitability, capital requirements and return on capital employed (ROCE).
• Lead valuation workstreams on smaller transactions and partner closely with finance teams.
• Review financial due‑diligence outputs and assess the impact on each transaction; in some cases supporting vendor or buy‑side financial due diligence.
• Manage the day‑to‑day transaction process on smaller deals, including Q&A, analysis and input on commercial terms.
• Deliver timely reporting, financial appraisals and project updates to support decision‑making.
• Contribute to briefings and papers on valuation, risks and opportunities for senior leaders.

Key skills and qualifications required for this role

• Qualified accountant (either ACA or equivalent) would be beneficial
• Commercial experience, ideally including M&A work in healthcare, insurance or a related sector
• Strong analytical skills and experience in financial modelling and valuation techniques is required.
• Experience carrying out financial due diligence, including assessing quality of earnings, net debt and working‑capital considerations is needed.
• The ability to interpret complex information and translate it clearly and logically for a range of stakeholders
• Confidence managing large datasets and presenting insights in a business‑friendly way.
• Strong communication and influencing skills, with the ability to support and challenge stakeholders at all levels.
• The ability to manage multiple projects and adapt in changing or ambiguous situations.

Benefits

Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family-friendly benefits.

Joining Bupa in this role you will receive the following benefits and more:

• 25 days holiday, increasing through length of service, with option to buy or sell
• Bupa health insurance as a benefit in kind
• An enhanced pension plan and life insurance
• Onsite gyms or local discounts where no onsite gym available
• Various other benefits and online discounts

Why Bupa

We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.

We encourage all of our people to “Be you at Bupa”. We champion diversity, and we understand the importance of our people representing the communities and customers we serve. That’s why we especially encourage applications from people with diverse backgrounds and experiences.

Bupa is a Level 2 Disability Confident Employer. This means we aim to offer an interview/assessment to every disabled applicant who meets the minimum criteria for the role. We’ll make sure you are treated fairly and offer reasonable adjustments as part of our recruitment process to anyone that needs them.

If you require information regarding this role in an alternative format, please email: careers@bupa.com