Senior Associate, Restructuring

Alvarez & Marsal · Dallas, TX · 2 days ago

On-siteFinance$160k–$175k/yrFull-time

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 the strategy, to cash conservation/liquidity management, to 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 forecast.
Creating a liquidation analysis to address feasibility of Plan of Reorganization.
Working with clients to create a long-term business plan in order to track and manage business performance, manage working capital, and implement cost reduction initiatives.
Implementing cash conservation strategy and controls.
Supporting bankruptcy case administration, which includes supporting the handling of creditor constituents and preparing bankruptcy documents.
Assisting with marketing initiatives by assisting with the pitch preparation process.
Leading a work stream within a project and coaching and mentoring junior resources.
Building consultative relationships with clients, legal counsel, and investment bankers, and proactively communicating with your team, 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 a must.
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 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 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.
Team player who can excel in a fast-paced, entrepreneurial, challenging work environment.
Willingness to travel 100%.

Qualifications

BA/BS degree and/or MBA/MS in Accounting, Finance, or other related analytical fields.
Advanced Microsoft, PowerPoint, and Word skills a must.
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 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 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.
Team player who can excel in a fast-paced, entrepreneurial, challenging work environment.
Willingness to travel 100%.

Skills

Resourcefulness and independent judgment.
Ability to develop solutions to critical problems.
Deep understanding of accounting and finance.
Ability to develop and execute restructuring and turnaround plans.
Ability to build and manage 13-week cash flow forecast.
Ability to create a liquidation analysis to address feasibility of Plan of Reorganization.
Ability to work with clients to create a long-term business plan.
Ability to implement cash conservation strategy and controls.
Ability to support bankruptcy case administration.
Ability to assist with marketing initiatives.
Leadership and coaching abilities.
Ability to communicate and problem solve.

Benefits

Regular employees working 30 or more hours per week are also 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. Provided the eligibility requirements are met, employees will also receive an annual discretionary contribution to their 401(k) retirement savings plan from Alvarez & Marsal. Additionally, employees are 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. The amount of vacation and personal days available varies based on tenure and role type.

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

Flexible schedule to accommodate client needs and project demands.