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Director, Turnaround & Restructuring
Director, Turnaround & RestructuringAnkura • New York, NY, US
Director, Turnaround & Restructuring

Director, Turnaround & Restructuring

Ankura • New York, NY, US
30+ days ago
Job type
  • Full-time
Job description

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 analyses
  • Independently identify patterns in complex data and drive hypotheses
  • Independently develop understanding of analytic tools including and outside of Excel
  • Work directly with Client to obtain relevant data
  • Independently disaggregate complex problems into simpler parts
  • Actively challenges assumptions and hypotheses
  • Understands complex corporate finance and accounting concepts
  • Analyzes risks to existing or proposed covenant packages
  • Demonstrates clear understanding of different credit products
  • Understands various restructuring concepts informed by engagement experience and able to clearly articulate those views to others
  • Drives team to develop an understanding of analytic tools including and outside of Excel
  • Has 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 management
  • Helps to set priorities across multiple work streams
  • Coordinates with team on schedules to meet agreed upon deadlines
  • Identifies key milestones and manages accordingly
  • Directly manages work of Associates and Senior Associates
  • Lays out an effective approach to a presentation with guidance from more senior teammates
  • Prepares full decks and presents sections of a report both internally and to clients
  • Presents effectively to C Suite level clients and other professionals related to basic and moderately complex analyses / issues
  • Handles client interactions at multiple levels
  • Provides guidance and feedback to early career professionals
  • Maintains constant communications with senior professionals to ensure coordination of activities and manage expectations
  • Requirements :

  • Minimum of 5 years of relevant experience with a top tier management consulting firm
  • An undergraduate degree from a top academic institution with a strong GPA
  • Advanced 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 banking
  • Ability and willingness to undertake extensive travel is required
  • Willingness to work at times, long hours during the week and on weekends due to client demands may be necessary
  • Experience with analytical tools and financial analyses that show a proper understanding of competing needs (timing, flexibility, detail, risk) with limited direction
  • Experience with financial modeling preferably with 3 statement analysis and / or 13-week cash flow models
  • Identifies and articulates opportunities for more advanced analytic approaches outside of basic Excel
  • Demonstrates ability to contribute to identification of key issues
  • Able to understand concepts of data patterns and trends
  • Exhibits critical thinking and problem-solving capability
  • Demonstrates ability to synthesize analysis and draw conclusions
  • For 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.

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