Director, Turnaround & Restructuring

Description

Director, Turnaround & Restructuring

Alvarez & Marsal

London

Alvarez & Marsal (“A&M”) is a global consulting firm with more than $2+ billion in revenues, 7,500+ staff and over 70 offices around the globe. 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. 

Alvarez & Marsal offers critical assistance to companies that are under-performing or experiencing a 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 Turnaround & Restructuring team focuses 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, NMC, Toys R’ Us, Nyrstar, Seadrill, Intertoys, Debenhams and Isolux.

This is a fantastic opportunity to join Alvarez & Marsal’s established Turnaround & Restructuring team as a Director. We work with multi-national companies, high profile investment banks and Global and European private equity houses and their portfolio companies. 

The successful candidate should;

• Have extensive experience in Company side Restructuring whether as a consultant or as an employee whose company has experienced a restructuring
• Be adept at building 13-week cash flow forecasts
• Have a firm understanding of liquidity management, including the impact of risk
• Possess a strong financial skill set including an understanding of P&L and asset efficiency (working capital) performance improvement processes
• Have a very strong financial modelling skill set including assessing long-term company viability, as well as understanding and applying valuation methods in a restructuring context
• Knowledge of Insolvency regimes and Union / Redundancy negotiations is useful

A successful Restructuring Director will be experienced in addressing businesses critical issues at speed and will reflect the operational distinctiveness that is A&M; a business savvy, outcome focused business entrepreneur who is addicted to making an impact, determined to make a difference and not afraid to challenge the status-quo.

Examples of projects include:

• Financial and Operational Restructuring
• Corporate Turnaround projects
• 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

In addition, the successful candidate will also possess excellent negotiating skills, ideally gained in an operational restructuring environment, whether in the context of negotiating with banks, closure of an entity/divestment of assets, commercial / supplier agreements, or dealing with management teams or trade unions. The ability to engage with ambitious deadlines under possible ambiguity is key, whilst mobilizing oneself and the team towards productive outcomes.

Ideally, a Director will be able to successfully identify client needs and win client trust. Ultimately, the successful appointee will be recognized by the client as the lead for value contributed on engagements and therefore build his/her own credible network of contacts and referral sources with clients, professionals and institutions.

The ideal applicant will possess:

• Experience in Turnaround Management, including business plan development, financial projections development & review, designing and implementing cash conservation guidelines and controls
• Hands on experienced of working with operational and finance teams within large, distressed organisations (the blend of industry and professional services experience is important for success in this role)
• Experience gained with the Corporate Recovery / Restructuring practice of a ‘Big 4’ firms, a leading Advisory firm dealing with turnaround projects or as an employee of a company that has been through a restructuring
• The ability to conduct an initial rapid diagnostic into the company's immediate and future cash needs, product profitability, cost base, major operational issues, market position and options for restructuring    
• Experience in building 13 week cash flows, integrated financial models, business plan modelling and strong Excel/PowerPoint skills
• Demonstrable experience of delivering complex projects and exceptional stakeholder management
• A strong desire to build on their existing skill set and develop knowledge of all restructuring offerings
• ACA / ACCA qualification is preferable with a robust understanding of financial and analytical accounting
• Fluency in or native English is essential and other European languages are highly desirable

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.

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.