Managing Director, Turnaround Consulting

About the role

The Managing Director, Turnaround Consulting at Hilco Global is a client delivery leadership position for highly capable professionals to make substantial contributions to overall firm growth. This role focuses on developing new and existing client relationships and ensuring all aspects of strategic, operational, and financial engagements are delivered with the highest quality standards and impact. You will support key initiatives, manage discrete workstreams, and work closely with senior leaders across the Hilco Global platform.

The turnaround consulting practice within Hilco Global Professional Services tackles urgent, complex challenges with speed and impact. As former executives, operators, and investors, the team combines blue-chip experience with intense focus to consistently deliver tailored solutions across operational turnarounds and financial restructurings. The team executes alongside Hilco Global's integrated platform of valuation, monetization, real estate, and capital solutions businesses, advising clients and their stakeholders as they navigate critical points of inflection.

Responsibilities

• Work directly with senior personnel at Hilco Global and clients to develop comprehensive solutions to complex operational and financial challenges across the business lifecycle, including formulating and implementing value creation and business transformation plans, contingency planning, and bankruptcy preparation/execution.
• Partner with affiliated Hilco Global businesses—including valuation, appraisal, asset monetization, real estate, and capital solutions—to bring the full platform to bear on client situations.
• Oversee liquidity management (cash flow forecasting, treasury operations, and stakeholder communications), case administration (filing preparation, bankruptcy reporting, claims support, and plan support), and support the development and formulation of business/restructuring plans.
• Review executive reporting packages, including key performance indicators (KPIs), financial performance, budget, board of director presentations, and stakeholder presentations.
• Present KPIs, financial performance, budget, board of director presentations, and stakeholder presentations.
• Review detailed financial projections and business plans.
• Work with the Hilco Global team of Associates to Managing Directors to lead execution of all deliverable workflows.
• Assess organizational and individual structures and effectiveness.
• Identify areas for operational improvements and cost reduction.
• Lead business development and client relationship efforts.
• Identify and re-allocate resources to operational, growth, financial, and strategic initiatives with the highest risk-adjusted return.
• Lead various operational, financial, and management meetings and key constituent communications/negotiations.
• Contribute to the origination and selling of projects, including experience pitching to or partnering with senior executives, private equity firms, lenders, lawyers, and other related buyers.
• Advise clients and make decisions that demonstrate expertise, synthesizing the core drivers of both the clients' business and situational analyses to maximize value.
• Provide coaching and mentorship to junior team members.
• Contribute to creating a high-performing and inclusive culture.

Requirements

• Bachelor's degree from a top undergraduate program.
• Invested in a team-based culture, motivated to collaborate in-office four days per week, and willing to work at client sites as needed.
• Significant experience in strategic, financial, or operational consulting, investment banking, restructuring/distressed investing, private equity, lending, and/or industry roles.
• Proven leader in the delivery of high-value work that exceeds client expectations.
• Demonstrated capability in developing new business transformation, restructuring, and interim management.
• Deep experience supervising other professionals and acting in a manner that motivates, develops, and brings out the best in others. Provides clear direction, coaching, and mentoring to team members.
• Mastery of financial modeling, including the ability to review three-statement models, 13-week cash flows, dynamic KPI packages, and complex ad-hoc analysis.
• Superior written and verbal communication skills, including executive-ready presentation and reporting skills.
• High attention to detail, responsiveness, and ownership mindset.
• Track record of success in high-pressure, client-facing environments.

Pay

Annual base salary gross: $275,000 - $345,000. The base salary range represents the estimated low and high end of Hilco’s salary for this position based on geography. Actual base salaries will vary and will be based on various factors, such as candidate’s qualifications, skills, competencies, and proficiency for the role. The base pay is one component of Hilco’s total compensation package for employees.

Benefits

Hilco Global offers a comprehensive, competitive benefits package, including:

• A variety of medical and dental plans, vision coverage, disability, and life insurance.
• 401(k) plans.
• A robust suite of personal well-being benefits to support mental health.
• Cash bonuses and long-term incentives.