Senior Associate, ZBR - Global Capability Center

Alvarez & Marsal; Gurugram District; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Alvarez & Marsal Global in India (Gurugram) seeks a Sr. Associate to join our Performance Improvement team, focusing on cost transformation, ZBRs, and benchmarking across Finance, HR, IT, and Shared Services.

You will lead end-to-end process reviews, develop cost-optimization roadmaps with KPIs, and collaborate with client teams to design cost take-out programs. The role requires strong analytical skills, excellent communication, and experience in consulting or transformation with a track record

Qualifications

• 3–8 years of relevant experience in consulting, corporate strategy, or operational improvement roles.
• Proven expertise in cost optimization, process improvement, and strategic transformation.
• Strong financial modeling and cost-benefit analysis skills.
• Familiarity with Zero-Based Budgeting/Review (ZBB/ZBR) methodologies.
• Excellent communication, presentation, and stakeholder management skills.
• Highly analytical, structured thinker with a problem-solving mindset.

Responsibilities

• Lead and support Zero-Based Reviews (ZBR) to assess baseline operations and identify value unlock opportunities.
• Conduct end-to-end process reviews and spearhead process reengineering initiatives to eliminate inefficiencies and enhance throughput.
• Perform efficiency and benchmarking analyses across functions such as Finance, Supply Chain, Procurement, HR, IT, and Shared Services.
• Develop cost optimization roadmaps with clear KPIs, value targets, and implementation plans.
• Collaborate with client teams to design and execute cost take-out programs, e.g., organization restructuring, third-party spend rationalization, SG&A transformation.
• Lead cross-functional assessments to identify quick wins and structural improvements in people, process, and technology.
• Drive cost-benefit analyses to support client decision-making and validate business cases.
• Present findings and strategic recommendations to client stakeholders, from functional leads to C-suite executives.
• Collaborate cross-functionally with client teams and internal specialists to ensure successful delivery of projects.
• Experience in consulting or transformation roles with exposure to financial analysis, activity-based costing, or target operating model design is preferred.

Skills

Cost optimization

Process improvement

Financial modeling

ZBB/ZBR

Stakeholder management

Presentation skills

Job description

About Alvarez & Marsal Global

Alvarez & Marsal (A&M) is a global consulting firm with entrepreneurial, action and results‑oriented professionals. We take a hands‑on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who 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 why our people love working at A&M.

Description

We are seeking a dynamic and analytical Sr. Associate to join our growing Performance Improvement team. The ideal candidate will have strong experience in cost transformation, zero‑based reviews (ZBR), process reengineering, and performance benchmarking across G&A functions such as Finance, HR, IT, Operations, Procurement, or Shared Services. The candidate will support clients in strategic evaluation projects with a focus on cost take‑out and enterprise value optimization.

The Team

Our Performance Improvement team provides Business Transformation and Performance Improvement Services to Corporates, Investors, and their portfolio companies, delivering:

• Performance improvement via cost reduction and revenue growth programmes
• Large, complex organizational restructuring and business transformation
• Rapid Results Program, which helps to quickly and effectively assess business process management risks and identify key areas impeding performance

How you will contribute?

• Lead and support Zero‑Based Reviews (ZBR) to assess baseline operations and identify value unlock opportunities
• Conduct end‑to‑end process reviews and spearhead process reengineering initiatives to eliminate inefficiencies and enhance throughput
• Perform efficiency and benchmarking analyses across functions such as Finance, Supply Chain, Procurement, HR, IT, and Shared Services
• Develop cost optimization roadmaps with clear KPIs, value targets, and implementation plans
• Collaborate with client teams to design and execute cost take‑out programs, e.g., organization restructuring, third‑party spend rationalization, SG&A transformation
• Lead cross‑functional assessments to identify quick wins and structural improvements in people, process, and technology
• Drive cost‑benefit analyses to support client decision‑making and validate business cases
• Present findings and strategic recommendations to client stakeholders, from functional leads to C‑suite executives
• Collaborate cross‑functionally with client teams and internal specialists to ensure successful delivery of projects
• Experience in consulting or transformation roles with exposure to financial analysis, activity‑based costing, or target operating model design is preferred

Qualifications

• 3–8 years of relevant experience in consulting, corporate strategy, or operational improvement roles
• Proven expertise in cost optimization, process improvement, and strategic transformation
• Strong financial modeling and cost‑benefit analysis skills
• Familiarity with Zero‑Based Budgeting/Review (ZBB/ZBR) methodologies
• Excellent communication, presentation, and stakeholder management skills
• Highly analytical, structured thinker with a problem‑solving mindset

Your Journey at A&M

We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person's unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top‑notch training and on‑the‑job learning opportunities, you can acquire new skills and advance your career. We prioritize your well‑being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favourite aspects of working at A&M. The possibilities are endless for high‑performing and passionate professionals.