Director, Turnaround & Restructuring
Ankura is a team of excellence founded on innovation and growth.
An underperforming or distressed company can often face tight liquidity constraints, unprofitable business units, and adverse industry conditions. Ankura advisors partner with senior management to assess the situation and quickly develop and implement a strategic plan that addresses multiple aspects of the business and the restructuring. Ankura's team provides strategic and financial advice to companies, boards, and investors. Our consultants bring critical problem-solving skills to every engagement, thereby delivering innovative and practical solutions that can be executed in today's marketplace. With a consistent process-driven approach aimed to stabilize, rehabilitate, and restructure the situation, Ankura experts bring a level of stability to unstable situations, allowing for successful resolutions focused on creating value and maximizing recoveries among stakeholders. Our firm specializes in the following company advisory services :
- In-court and out-of-court restructuring advisory
- Liquidity management
- Financial modeling and forecasting
- Operational improvement
- Strategic business plan development
- Management of communications with key stakeholders, including lenders, boards of directors, employees, investors, and creditor constituencies
- Customer and vendor management
- Negotiation and dispute resolution
- Debt and capital restructuring
- Expert witness testimony
- Distressed and / or special situation M&A advisory
- Post-transaction business stabilization
Role Overview : We are currently recruiting a Director to join our Turnaround & Restructuring (T&R) team. This role could be located in New York, Dallas, or Chicago with potential for other locations.
Responsibilities :
Critique and provide guidance on complex analysesIndependently identify patterns in complex data and drive hypothesesIndependently develop understanding of analytic tools including and outside of ExcelWork directly with Client to obtain relevant dataIndependently disaggregate complex problems into simpler partsActively challenges assumptions and hypothesesUnderstands complex corporate finance and accounting conceptsAnalyzes risks to existing or proposed covenant packagesDemonstrates clear understanding of different credit productsUnderstands various restructuring concepts informed by engagement experience and able to clearly articulate those views to othersDrives team to develop an understanding of analytic tools including and outside of ExcelHas an experienced / informed view on how to approach building certain common Excel based analyses (cash flow forecast, financial statement model)Understands key elements of bankruptcy case managementHelps to set priorities across multiple work streamsCoordinates with team on schedules to meet agreed upon deadlinesIdentifies key milestones and manages accordinglyDirectly manages work of Associates and Senior AssociatesLays out an effective approach to a presentation with guidance from more senior teammatesPrepares full decks and presents sections of a report both internally and to clientsPresents effectively to C Suite level clients and other professionals related to basic and moderately complex analyses / issuesHandles client interactions at multiple levelsProvides guidance and feedback to early career professionalsMaintains constant communications with senior professionals to ensure coordination of activities and manage expectationsRequirements :
Minimum of 5 years of relevant experience with a top tier management consulting firmAn undergraduate degree from a top academic institution with a strong GPAAdvanced degree(s) and applicable professional certification(s) are preferred (CFA, CIRA, CPA)Restructuring experience preferred and / or relevant financial consulting experience including M&A transaction advisory and / or investment bankingAbility and willingness to undertake extensive travel is requiredWillingness to work at times, long hours during the week and on weekends due to client demands may be necessaryExperience with analytical tools and financial analyses that show a proper understanding of competing needs (timing, flexibility, detail, risk) with limited directionExperience with financial modeling preferably with 3 statement analysis and / or 13-week cash flow modelsIdentifies and articulates opportunities for more advanced analytic approaches outside of basic ExcelDemonstrates ability to contribute to identification of key issuesAble to understand concepts of data patterns and trendsExhibits critical thinking and problem-solving capabilityDemonstrates ability to synthesize analysis and draw conclusionsFor individuals assigned and / or hired to work in California, Colorado, or New York, Ankura is required to include a reasonable estimate of the compensation range for this role. This compensation range is specific to the said markets and considers a broad range of factors including but not limited to skill sets, experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. The range does not include additional benefits outside of salary. At Ankura, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each role. A reasonable estimate of the current base pay range is between $85,000 to $200,000; this range is not a promise of a particular wage.
Ankura is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability. Equal Employment Opportunity Posters, if you have a disability and believe you need a reasonable accommodation to search for a job opening, submit an online application, or participate in an interview / assessment, please email accommodations@ankura.com or call toll-free +1.312-583-2122. This email and phone number are created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be returned. Messages left for other purposes, such as following up on an application or technical issues unrelated to a disability, will not receive a response.