Senior Associate, Turnaround & Restructuring

Description

Senior Associate, Turnaround & Restructuring

Alvarez & Marsal

London

Alvarez & Marsal (“A&M”) is a global consulting firm with more than $2+ billion in revenues, over 7,500 staff and over 70 offices world-wide. We offer a broad range of professional services including Financial & Operational Restructuring, Debt Advisory, Transaction Advisory, Performance Improvement, Corporate Transformation, Financial Institutions Advisory, Tax, Valuations and Disputes and Investigation Services. 

As the world’s largest Turnaround & Crisis management firm, with a market leading practice in Financial & Operational Restructuring, we are here to help & support our clients with the financial & operational impacts of the Covid crisis.

We are expanding our practice in London and we seek talented, entrepreneurial recruits who are interested in developing their careers in the Turnaround & Restructuring space to join a Senior Associate.

Our Restructuring practice offers critical assistance to companies that are under-performing or experiencing a full-blown liquidity crisis. Working directly with company management, Alvarez & Marsal helps stabilise financial and operational performance by developing and implementing comprehensive profitability and working capital improvements. Alvarez & Marsal's involvement reassures creditors that the company is taking important steps to address its problems and maximise its value.

The A&M European Restructuring team has focused on big ticket company side financial and operational restructuring assignments in addition to CRO/CEO/ CFO appointments and, within the last few years, we have delivered on some of Europe’s largest restructuring cases such as Abengoa, Edcon, Toys R’ US, Nyrstar, Seadrill, Intertoys, Debenhams and Isolux..

You will have the opportunity to work across all phases and aspects of operational restructuring and turnaround initiatives. You will stabilise core operations by formulating and managing turnaround plans and negotiating with senior management and other key stakeholders. Working day-to-day alongside our clients, you will develop an in-depth understanding of their processes, financial position and key operational performance drivers.  This understanding is needed in order to create and implement successful restructuring and turnaround initiatives.

Main responsibilities:

• Quickly understand a client’s rapidly changing situation to enable innovative solutions/options for distressed businesses and their stakeholders
• Company side Restructuring including building 13-week cash flow forecasts
• Liquidity management, including understanding the impact of risk, P&L and asset efficiency (working capital) & performance improvement processes
• Financial modelling including assessing long-term company viability, as well as understanding and applying valuation methods in a restructuring context

Examples of projects include:

• Financial and Operational Restructuring
• Corporate Turnarounds
• Balance Sheet Restructuring
• Asset Sales
• Cash & liquidity management and forecasting
• Cross-border wind-downs
• Preparation and validation of business plans for company management teams
• Independent business reviews
• Short term cash flow forecasting frameworks
• Stakeholder reporting on PMO cost saving initiatives

The person

• Training at a Big 4 firm ideally with experience within the Restructuring or Deals team
• A highly numerate skill set that can include a recognised accountancy qualification or possess a robust understanding of financial and analytical accounting (ratio analysis)
• Experience in building integrated financial models and have strong Excel/PowerPoint skills
• A consulting toolkit including how to frame a business issue, judiciously find and use internal and external data to test hypotheses and draw conclusions, structure and write PowerPoint & Word presentations and reports
• A Bachelor’s degree from an accredited university
• Knowledge of European languages is highly desirable
• Excellent written and verbal communications skills
• Objective, fact-based approach to problem solving

Soft skills

In addition to the skills and qualities detailed above, the desired candidate will also demonstrate the following attributes;

• Capacity to thrive in a fast-paced environment
• Strong facilitation skills, forging consensus around credible, executable solutions
• Excellent written and oral communications skills, impactful presenter
• Unbiased, fact based approach to problem solving
• Guided by values and integrity, talks straight, builds confidence and shows by example.

A&M delivers tangible results for corporates, boards, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders, and their teams help companies act decisively, catapult growth and accelerate results. We are experienced operators, world-class consultants, former regulators and industry authorities with a shared commitment to telling clients what’s really needed for turning change into a strategic business asset, managing risk and unlocking value at every stage of growth.

Diversity & Inclusion

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.

Voluntary Inclusion

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.

Unsolicited Resumes from Third-Party Recruiters

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.