Location: Chicago, IL, United States
Date Posted: May 30, 2023
Restructuring Associates, Alvarez & Marsal CMS Practice
Alvarez & Marsal is a premier independent global professional services firm specializing in providing turnaround management, restructuring, performance improvement and corporate advisory services. Our talent drives our success, resulting in our Restructuring & Turnaround practice becoming one of the largest and most recognized in the industry. Our successes managing some of the largest crises in the world (e.g. Lehman Brothers and Arthur Anderson), as well as preserving iconic brands through restructuring (e.g. iHeart and Gibson Brands) have earned us multiple industry awards such as: Turnaround Management Association’s (TMA’s) 2019 Turnaround of the Year: International Company - Seadrill Limited; TMA’s – 2019 Transaction of the Year: Mid-Size Company - Gibson Brands, Inc. and 2018 Transaction of the Year: Large Company - Performance Sports Group Ltd.
A career within the Case Management Services (CMS) group will provide you with the opportunity to work on some of the nation’s largest and most complex turnaround and restructuring engagements. As a specialized group, the CMS team sits within Alvarez & Marsal’s broader Turnaround and Restructuring practice. This will provide you the opportunity to collaborate with top tier law firms, financial advisors, and other bankruptcy professionals to assist clients with the administration of bankruptcy cases. Our team uses proprietary technology to manage the various reporting requirements of the bankruptcy process.
What will you be doing?
You will create a lasting positive impact on numerous organizations by leading a team through the Chapter 11 preparation and reporting requirements from pre-filling through distribution for our clients.
You will be working with a team of consultants on a diverse range of projects and work streams assisting in Chapter 11 preparation and reporting requirements throughout the lifecycle/engagement, from pre-filing through distribution (e.g. preparation of the creditor matrix, schedules, and statements of financial affairs, claims reconciliation, preference analyses, lease assumption / rejection analyses, distribution processes) as well as all facets of post-confirmation wind down.
Your key responsibilities will include:
Developing and adjusting work plans and tasks on engagements to handle challenging deadlines, changing deliverables, and evolving task priorities
Serving as a point of contact for client engagements
Performing pre-filing activities (e.g. data extractions for first-day pleadings, developing plans and reports for pre- and post-petition accounts payable, and compilation of master mailing list)
Managing segments in the preparation of Schedules of Assets and Liabilities and Statements of Financial Affairs
Organizing and analyzing executory contracts for assumption / rejection
Estimating and modeling claims for the Plan of Reorganization
Facilitating claims through reconciliation, including matching filed claims to scheduled liabilities, evaluating claims, and preparing exhibits to objections
Analyzing potential preferential recoveries
Carrying out the claims distribution process
Facilitating the follow through of requirements under Plan of Reorganization
Who you will be working with?
At A&M you will have the opportunity to work on some of the most disruptive restructuring and turnaround projects in the industry and the world. You will be working alongside senior management and a team of experienced A&M professionals from a variety of backgrounds in legal, finance, and information technology who bring a wealth of industry depth and knowledge. Relying on your ability to effectively handle pressure in stressful situations and prioritize multiple work streams, you will work in a fast paced, deeply collaborative team environment. You will build rapport and develop credible relationships with clients, legal counsel and investment bankers and be relied on to proactively communicate with your team, external parties, and client leadership.
How will you grow and be supported?
As a Case Management Services Associate, you will have the opportunity to gain invaluable experiences leading interesting and critical projects across several different industries and sectors. As a team leader, you will work closely with many experienced professionals, who will provide you with a different perspective and feedback allowing you to continuously develop your skills through experience.
We offer competitive benefits and opportunities to support your personal and professional development. Click to learn about our commitment to your well-being. A&M recognizes that our people fuel our growth, and you will be provided with the best available learning and development resources through formalized training and on the job training, as well as networking opportunities with restructuring industry contacts (e.g. attorneys, bankers, etc.). Learn more about why A&M is a great place to work .
Many professionals in the CMS team have Legal, Accounting, Finance or Computer Information Systems backgrounds.
BA/BS degree and/or MBA/MS in Accounting, Finance, Systems, or other analytical fields
More than 4 years of work experience in corporate restructuring consulting (case administration), consulting or corporate positions with a financial or accounting focus
Experience with programming languages (SQL, VBA) and other database applications are helpful but not required
Flexibility with respect to assigned tasks and engagements due to challenging deadlines, changing deliverables, and evolving task priorities
Demonstrated ability to interface with team members and client personnel in demanding, deadline-driven situations
Demonstrated ability to lead segments of a case with minimal supervision
Excellent communication (both written and verbal), mathematical, and organizational skills
Track record of utilizing technology to solve complex problems
Commitment to living and promoting A&M’s cultural values: integrity, leadership, objectivity, inclusive diversity and fun
Willingness to travel (up to) 100% of the time
A&M’s entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity, and we foster inclusiveness, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.
It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, sex, sexual orientation, gender identity, family medical history or genetic information, political affiliation, military service, pregnancy, marital status, family status, religion, national origin, age or disability or any other non-merit based factor or any other characteristics in accordance with all applicable laws and regulations.
Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening and in alignment with our Inclusive Diversity values. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.