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Restructuring Associate

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Location: Dallas, TX, United States
Date Posted: May 30, 2024

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Restructuring Associate, Alvarez & Marsal

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.  Toys ‘R Us) have earned us multiple industry awards such as: Turnaround Management Association’s (TMA’s) 2023 Large Company Turnaround Transaction of the year – CHC Helicopter; TMA’s 2022 Mid-Size Company Turnaround of the Year – Frontera Holdings; TMA’s 2022 Midwest Large Company Turnaround of the Year – Valaris; TMA’s 2021 Mega Company Turnaround of the Year – Murray Energy Holdings Co. In 2023 A&M was ranked 10 out of nearly 700 consulting firms in the U.S. on Vault Consulting 50, a signature list of the top 50 consulting firms. 

As a Restructuring Associate, you will have the opportunity to 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.

What will you be doing?

You will be working 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.  

We advise on every aspect of the restructuring process – from the strategy, to cash conservation/liquidity management, to business plan development and implementation - providing you with a wide range of experiences and projects. Leveraging your resourcefulness and independent judgment, you will help develop solutions to critical problems to improve an organization’s overall performance and enterprise value by developing and executing restructuring and turnaround plans. You will be applying your analytical skills and deep understanding of accounting and finance to a diverse range of projects in turnaround, restructuring, bankruptcy and performance improvement. Your involvement with these projects will typically include:

  • Building and managing 13-week cash flow forecast.
  • Building a liquidation analysis to address feasibility of Plan of Reorganization.
  • Working with client 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.
  • Developing pre-bankruptcy plans and assisting with bankruptcy case administration, which includes supporting the handling of creditor constituents and preparing bankruptcy documents.
  • Supporting marketing initiatives by assisting with the pitch preparation process.
  • Leading a work stream within a project and coaching and mentoring junior resources.

Working as a partner to our clients by building consultative relationships, you will develop an in-depth understanding of the client’s processes, financial positions and key operational performance drivers in order to surface and address key issues, from the big picture to the smallest details. Relying on your ability to communicate and problem solve, you will present your analyses and insights to a variety of audiences.

Who will you be working with?

At A&M you will have the opportunity to work on 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 that 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 Restructuring Associate, you will have the opportunity to take your career to the next level by gaining invaluable experience across industries and sectors on a variety of interesting and critical projects. As part of a team, you will be working closely with many experienced professionals who will provide you with developmental feedback and growth opportunities.

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 drive our growth, so we will provide you with the best available learning and development resources through formalized 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.


  • At least 3+ years of work experience in corporate restructuring, investment or commercial banking, audit or transaction advisory and/or consulting or corporate positions with a financial or accounting focus; direct restructuring experience is a plus.
  • BA/BS degree and/or MBA/MS in Accounting, Finance, or other related analytical fields.
  • Advanced Microsoft, PowerPoint, and Word skills a must.
  • 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%.

The salary range is $125,000 - $145,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance.  Please ask your recruiter for details.

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.

Equal Opportunity Employer

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, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M policy statements and additional information by region here.

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.

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