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 forecast.
• Creating a liquidation analysis to address feasibility of Plan of Reorganization.
• Working with clients to create a long-term business plan to track and manage business performance, manage working capital, and implement cost reduction initiatives.
• Implementing cash conservation strategy and controls.
• Supporting bankruptcy case administration, including handling creditor constituents and preparing bankruptcy documents.
• Assisting with marketing initiatives by preparing pitch materials.
• 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 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.
• 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 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.
• 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 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.
• Deep understanding of accounting and finance.
• Ability to develop solutions to critical problems.
• Ability to build and manage 13-week cash flow forecast.
• Ability to create a liquidation analysis.
• Ability to develop and execute restructuring and turnaround plans.
• Ability to implement cash conservation strategy and controls.
• Ability to support bankruptcy case administration.
• Ability to prepare bankruptcy documents.
• Ability to assist with marketing initiatives.
• Ability to lead a work stream within a project.
• Ability to coach and mentor junior resources.
• Ability to build consultative relationships.
• Ability to communicate and problem solve.

Benefits

• Healthcare plans.
• Flexible spending and savings accounts.
• Life, AD&D, and disability coverages.
• Discretionary contribution to 401(k) retirement savings plan.
• Paid time off including vacation, personal days, sick time, federal holidays, and parental leave.

Pay

The salary range is $160,000 - $185,000 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 also entitled to participate in Alvarez & Marsal Holdings’ fringe benefits.