Turnaround & Restructuring Associate Director - NYC
This client is a leading provider of specialty professional and advisory services, including bankruptcy and restructuring, forensic accounting and litigation support, transaction support services, retained executive searches, and compliance risk, and resilience consulting.
This client works with law firms, lenders, private equity sponsors, and companies of all types on complex business challenges such as managing through a business crisis or bankruptcy, planning and executing a major acquisition or divestiture, pursuing a fraud investigation or corporate litigation. This client employs approximately 200 professionals located across the United States, Canada, and Mexico.
Duties of this position include, but are not limited to, the following:
- Contribute as a core team member in the development and execution of restructuring and turnaround plans
- Prepare analysis of financial information to assess trends and fluctuations that may impact cash flow requirements, business performance and valuation
- Analyze financial statements and projections/budgets and develop financial models including 13-week cash flows, liquidity analysis and integrated 3-statement models
- Lead clients through various processes, including bankruptcy preparation, liquidation analysis, working capital improvements, credit agreement negotiations and claims evaluation
- Utilize analytical, financial and operational skills and knowledge across turnaround, restructuring, bankruptcy and performance improvement engagements
- Advise clients on out-of-court workouts, debt restructurings and bankruptcy planning
- Work with clients to develop business plans and implement business performance management, working capital and cost reduction initiatives
- Develop multi-year financial and operational stabilization and turnaround plans
- Engage with client C-suite executives, lawyers, lenders and other industry professionals
- Prepare pitch books and background analysis on distressed companies and situations
- Communicate effectively with clients and senior team members
- Proactively develop internal and external relationships
- Train, mentor and support junior staff
Education, Experience, and Skills:
- Bachelor's degree required; MBA, CPA, CFA, CIRA, CTP a plus
- 4-8 years' experience in bankruptcy, insolvency, turnaround & restructuring
- Strong written and verbal communication skills
- Team player, with an ability to excel in a fast-paced working environment
- Ability to multi-task and prioritize demanding projects
- Solid understanding of the key operational performance drivers of a business
- Strong qualitative and quantitative analytical skills, with the ability to connect business strategy to performance insights and due diligence findings
- Strong data analytics and data visualization skills
- Ability to extract meaningful information from incomplete or unstructured data
- Strong problem-solving skills with the ability to provide alternative explanations for intricate issues
- Proficient use, analysis and development of financial models
- Proficient with Microsoft Excel, PowerPoint, Word, Power BI, Bloomberg, Capital IQ and related software and systems
- Comfortable working in international and cross border environments
- Intellectual curiosity is a must!
- Must be willing to travel
Compensation: $140,000 - $180,000 base