Manager, Turnaround & Restructuring

Deloitte Canada; Toronto; Hybrid; CAD 86,000 - 144,000; Full time

Job summary

A leading professional services firm in Toronto is seeking a candidate for their restructuring services team. Responsibilities include assisting in formal restructurings, managing teams, and participating in proposals. The ideal candidate possesses strong analytical skills, a CPA, and 2 to 5 years of relevant experience. The role offers a competitive salary ranging from $86,000 to $144,000 and various mental health support benefits.

Benefits

$4,000 per year for mental health support benefits

$1,300 flexible benefit spending account

Firm-wide closures known as 'Deloitte Days'

Qualifications

• 2 to 5 years of relevant insolvency or turnaround experience.
• Familiarity with the Bankruptcy and Insolvency Act and Companies’ Creditors Arrangement Act.
• Flexibility for mobility for out-of-town assignments.

Responsibilities

• Assist in all aspects of formal and informal restructurings.
• Manage a team on projects and interact with stakeholders.
• Participate in the development of proposals and presentations.

Skills

Analytical skills

Financial modeling skills

MS Excel

MS PowerPoint

MS Word

Strong communication skills

Problem-solving

Interpersonal skills

Education

Undergraduate degree

CPA or equivalent accreditation

Job description

At Deloitte, our Purpose is to make an impact that matters. We exist to inspire and help our people, organizations, communities, and countries to thrive by building a better future.

Our work underpins a prosperous society where people can find meaning and opportunity. It builds consumer and business confidence, empowers organizations to find imaginative ways of deploying capital, enables fair, trusted, and functioning social and economic institutions, and allows our friends, families, and communities to enjoy the quality of life that comes with a sustainable future.

What will your typical day look like?

No two days will be the same, but the successful candidate will be responsible for assisting in all aspects of formal and informal restructurings, which may involve taking possession of assets, operating insolvent businesses, preparing and monitoring cash flow forecasts, undertaking strategic options analysis, reporting to Court, lenders and other parties, performing various financial analysis to help assess the viability of companies, and dealing with stakeholders through periods of crisis.

You will be responsible for managing a team on projects and will interact with lenders, business owners and management teams to develop options to resolve various financial challenges. You will also participate in the development of proposals and presentations to clients and carry out industry research.

As part of this role, you will also be expected to pursue the Chartered Insolvency and Restructuring Professional (“CIRP”) designation and work towards becoming a Licensed Insolvency Trustee. Alternatively, you will possess an equivalent accreditation in another jurisdiction.

About the team

Turnaround, Restructuring Services & Cost Transformation (“TRCT”) is a national Deloitte practice providing professional services to owners, lenders, management and regulators of challenged and under-performing businesses.

Enough about us, let’s talk about you

Are you someone with:

• An undergraduate degree with strong academic credentials
• A CPA (or successful CFE writer waiting to qualify as a CPA)
• 2 to 5 years of relevant insolvency or turnaround experience
• A familiarity with the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act, and other relevant legislation
• Strong analytical and financial modeling skills
• Strong verbal and written communication skills
• MS Excel, MS PowerPoint and MS Word skills
• Proven analytical skills and a history of systematic problem solving and a willingness to bring innovative solutions to restructuring problems
• Strong interpersonal and interview skills, particularly in crisis situations
• Flexibility for mobility for out-of-town assignments
• Professional flexibility to support valuation, forensic, corporate finance, transaction services, value creation services or other deal needs
• A desire for new experiences and constant growth

Total Rewards

The salary range for this position is $86,000 - $144,000, and individuals may be eligible to participate in our bonus program. Deloitte is fair and competitive when it comes to the salaries of our people.

We offer a wide array of initiatives that differentiate us as a people-first organization, including $4,000 per year for mental health support benefits, a $1,300 flexible benefit spending account, firm-wide closures known as 'Deloitte Days', dedicated days of for learning, flexible work arrangements and a hybrid work structure.

Deloitte encourages applications from all qualified candidates who represent the full diversity of communities across Canada. This includes, but is not limited to, people with disabilities, candidates from Indigenous communities, and candidates from the Black community in support of living our values, creating a culture of Diversity Equity and Inclusion and our commitment to our AccessAbility Action Plan, Reconciliation Action Plan and the BlackNorth Initiative.