Senior Associate, Restructuring

About the role

As a Restructuring & Turnaround Senior Associate at Alvarez & Marsal, you will work alongside professionals recognized as authorities across a diverse set of industries, and with the guidance of the most talented restructuring practitioners, you will drive changes that preserve and create value, impacting the world’s most recognized organizations, and their people.

Responsibilities

• Work closely with companies across a variety of industries to help underperforming businesses navigate their restructuring process and create a lasting positive impact on the organization.
• Advising on every aspect of the restructuring process, from strategy to cash conservation/liquidity management, business plan development and implementation.
• Developing and executing restructuring and turnaround plans using analytical skills and a deep understanding of accounting and finance.
• Building and managing 13-week cash flow forecasts, conducting liquidation analyses, creating long-term business plans, implementing cash conservation strategies, and supporting bankruptcy case administration.
• Leading work streams within projects, coaching and mentoring junior resources, and presenting analyses and insights to a variety of audiences.
• Building consultative relationships with clients, legal counsel, and investment bankers, and proactively communicating with team members, external parties, and client leadership.

Requirements

• At least 6+ years of work experience in corporate restructuring, investment or commercial banking, and/or consulting or corporate positions with a financial or accounting focus, 4+ years of which is direct restructuring experience.
• A BA/BS degree and/or MBA/MS in Accounting, Finance, or other related analytical fields.
• Advanced Microsoft, PowerPoint, and Word skills.
• Demonstrated progress toward professional certifications such as Certified Turnaround Professional (CTP), Certified Insolvency and Restructuring Advisor (CIRA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or equivalent.
• Understanding of the fundamental aspects of Chapter 11 proceedings.
• Advanced level of experience in financial modeling with ability to build 13-week cash flow forecast and 3-statement financial models with limited oversight.
• Excellent organizational and problem-solving skills.
• Excellent verbal and written communication skills, with the ability to communicate with all levels of client personnel.
• Commitment to living A&M’s cultural values: integrity, leadership, objectivity, inclusive diversity, and fun.
• Ability to work in a fast-paced, deeply collaborative team environment.
• Willingness to travel 100%.

Qualifications

• BA/BS degree and/or MBA/MS in Accounting, Finance, or other related analytical fields.
• Professional certifications such as Certified Turnaround Professional (CTP), Certified Insolvency and Restructuring Advisor (CIRA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or demonstrated progress toward such certifications preferred.
• Understanding of the fundamental aspects of Chapter 11 proceedings.
• Advanced level of experience in financial modeling with ability to build 13-week cash flow forecast and 3-statement financial models with limited oversight.
• Excellent organizational and problem-solving skills.
• Excellent verbal and written communication skills, with the ability to communicate with all levels of client personnel.
• Commitment to living A&M’s cultural values: integrity, leadership, objectivity, inclusive diversity, and fun.
• Ability to work in a fast-paced, deeply collaborative team environment.
• Willingness to travel 100%.

Skills

• Resourcefulness and independent judgment.
• Deep understanding of accounting and finance.
• Ability to develop solutions to critical problems.
• Ability to build and manage 13-week cash flow forecasts.
• Ability to conduct liquidation analyses.
• Ability to create long-term business plans.
• Ability to implement cash conservation strategies and controls.
• Ability to develop pre-bankruptcy plans.
• Ability to assist with bankruptcy case administration.
• Ability to support the handling of creditor constituents and prepare bankruptcy documents.
• Ability to support marketing initiatives by assisting with the pitch preparation process.
• Leadership and coaching abilities.
• Ability to communicate and problem solve effectively.

Pay

The salary range is $160,000 - $175,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography.

Schedule

Regular employees working 30 or more hours per week are entitled to participate in Alvarez & Marsal Holdings’ fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined periodically as well as a 401(k) retirement savings plan. Employees are also eligible for paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part time employees), ten federal holidays, one floating holiday, and parental leave.