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Associate, Turnaround & Restructuring

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Location: Paris, France
Date Posted: Jun 26, 2023

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Associate, Restructuring

Alvarez & Marsal


Alvarez & Marsal (A&M) is a privately held, advisory partnership best known in France for our heritage in Restructuring and our successful corporate and private equity performance improvement practices. The firm has consistently grown over the last decade from a best in class restructuring boutique to one of the largest and most impactful independent professional services firms in France. We bring a wide range of operational, financial and performance improvement services to leading private equity houses, their portfolio companies and multi-national corporations.

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

A&M has worked on some of the largest cross-border corporate restructuring and transformation projects in the French marketplace. We are now seeking an Associate as our Restructuring practice is growing and successfully generating work at a rapid pace.

This is a fantastic opportunity as A&M advise on every aspect of the restructuring process – from the strategy, to cash conservation and liquidity management, to business plan development and implementation – providing employees with a wide range of experiences and projects.

The successful appointee will have the opportunity to work across all phases and aspects of operational restructuring and turnaround initiatives. They 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, the successful appointee will develop an in-depth understanding of their financial position and key operational performance drivers.  This understanding is needed in order to create and implement successful restructuring and turnaround initiatives.

Main responsibilities:

  • Contribute to high profile French and European Restructuring projects reporting to Managing Directors & senior members of their teams  
  • Work with the team to offer critical assistance to companies that are under-performing or experiencing a full-blown liquidity crisis
  • Develop the skills to ascertain & understand a client’s rapidly changing situation and to enable creative and innovative solutions/options for the businesses and its stakeholders
  • Assist company management & help to stabilise financial and operational performance
  • Gain exposure to senior management in France and internationally, gaining ‘on the job’ learning & development in addition to established formal training programmes
  • Enhance your technical & financial analysis skills and gain a broad range of advisory experience working on a variety of restructuring projects
  • Support business development activities including the creation of client pitches and proposals to win new mandates

Examples of projects include:

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


  • A high grade Bachelor’s degree from a top “Grande Ecole” university
  • 1 - 3 years of experience in an advisory or strategy firm / corporate restructuring team, or an investment or commercial banking firm
  • Experience of working with operational & finance teams within large, distressed organisations – as an employee or an advisor
  • Well-developed communication skills & the ability to work with diverse and complex stakeholder groups
  • Strong understanding of financial knowledge with experience of building or working with integrated financial models and have Excel/PowerPoint skills
  • Previous experience in contributing to work streams ensuring effective deliverables to deadlines
  • Native French & fluent English is essential. Additional European languages are advantageous

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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