Associate, Restructuring

Alvarez & Marsal; Scottsdale (AZ); On-site; USD 125,000 - 145,000; Full time

Benefits offered by this job

Healthcare plans

401(k) retirement savings plan

Paid time off

Discretionary bonus program

Job summary

Alvarez & Marsal is seeking a Restructuring & Turnaround Associate for its Scottsdale office. You will work alongside professionals recognized as authorities across a diverse set of industries to drive changes that preserve and create value for world-leading organizations.

You will collaborate with senior practitioners on restructuring processes, build financial models, forecast cash flows, and develop actionable business plans.

Qualifications

• At least 2+ years of work experience in corporate restructuring, investment or commercial banking, and/or consulting or corporate positions with a financial or accounting focus.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or other related analytical fields.
• Professional certification such as CPA, CFA, CTP, or CIRA or demonstrated progress toward such certifications preferred.
• Advanced proficiency utilizing Excel and PowerPoint.
• Able to function well under pressure and work independently while understanding when to ask for guidance.
• Willingness to travel 100%.

Responsibilities

• Support restructuring and turnaround engagements across diverse industries.
• Analyze financial statements and build financial models (i.e. 3-statement modeling).
• Forecast cash flows and manage working capital (e.g. 13‑week cash flow forecast modeling).
• Prepare bankruptcy documents (e.g. first day motions) and conduct liquidation analyses.
• Present analyses and insights to clients and leadership.

Skills

Corporate restructuring

Financial modeling

Excel

PowerPoint

Travel readiness

Education

BA/BS degree

MBA/MS in Accounting/Finance

Tools

Excel

PowerPoint

Job description

About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. 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

Restructuring Associate, Alvarez & Marsal Scottsdale Office

As a Restructuring & Turnaround Associate, you will have the opportunity to work alongside professionals recognized as authorities across a diverse set of industries, and with the guidance of the most talented restructuring practitioners, you will drive changes that preserve and create value, impacting the world’s most recognized organizations and their people.

The Team

Our talent drives our success, resulting in our Restructuring & Turnaround practice becoming one of the largest and most recognized in the industry. Our successes managing some of the largest crises in the world (e.g. Lehman Brothers and Arthur Anderson), as well as preserving iconic brands through restructuring (e.g. iHeart and Gibson Brands) have earned us multiple industry awards such as: Turnaround Management Association’s (TMA’s) 2019 Turnaround of the Year: International Company – Seadrill Limited; TMA’s 2019 Transaction of the Year: Mid‑Size Company – Gibson Brands, Inc.; and 2018 Transaction of the Year: Large Company – Performance Sports Group Ltd.

How You Will Contribute

You will be working closely with companies across a variety of industries to help underperforming businesses navigate their restructuring process and create a lasting positive impact on the organization.

Skills

We advise on every aspect of the restructuring process—from the strategy, to cash conservation/liquidity management, to business plan development and implementation—providing you with a wide range of experiences and projects. Leveraging your resourcefulness and independent judgment, you will help develop solutions to critical problems to improve an organization’s overall performance. You will be applying your analytical skills and deep understanding of accounting and finance to a diverse range of projects in turnaround, restructuring, bankruptcy and performance improvement. Your involvement with these projects will typically include:

• Analyzing company financial statements.
• Preparing financial models (i.e. 3‑statement modeling).
• Forecasting cash flows and managing working capital (e.g. 13‑week cash flow forecast modeling).
• Assessing key business operational performance drivers.
• Developing and sensitizing business plans to aid management.
• Developing / reviewing cost reduction initiatives and execution milestones.
• Implementing cash conservation guidelines and controls.
• Preparing bankruptcy documents (e.g. first day motions).
• Conducting liquidation analyses.

Working as a partner to our clients by building consultative relationships, you will develop an in‑depth understanding of the client’s processes, financial positions and key operational performance drivers, in order to surface and address key issues, from the big picture to the smallest details. Relying on your ability to communicate and problem solve, you will present your analyses and insights to a variety of audiences.

At A&M you will have the opportunity to work on the most disruptive restructuring and turnaround projects in the industry and the world. You will be working alongside senior management and a team of experienced A&M professionals from a variety of backgrounds that bring a wealth of industry depth and knowledge. Relying on your ability to effectively handle pressure in stressful situations and prioritize multiple work streams, you will work in a fast‑paced, deeply collaborative team environment. You will build rapport and develop credible relationships with clients, legal counsel and investment bankers, and be relied on to proactively communicate with your team, external parties and client leadership.

Qualifications

• At least 2+ years of work experience in corporate restructuring, investment or commercial banking, and/or consulting or corporate positions with a financial or accounting focus.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or other related analytical fields.
• Professional certification such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Turnaround Professional (CTP), or Certified Insolvency and Restructuring Advisor (CIRA) or demonstrated progress toward such certifications preferred.
• Advanced proficiency utilizing Excel and PowerPoint.
• Able to function well under pressure and work independently while understanding when to ask for guidance.
• Creative problem‑solving skills with the ability to think through alternative solutions.
• Efficient business writer and effective communicator.
• Commitment to living A&M’s cultural values: integrity, leadership, objectivity, inclusive diversity, and fun.
• Willingness to travel 100 %.

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 favorite aspects of working at A&M. The possibilities are endless for high‑performing and passionate professionals.

Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings’ fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined periodically as well as a 401(k) retirement savings plan. Provided the eligibility requirements are met, employees will also receive an annual discretionary contribution to their 401(k) retirement savings plan from Alvarez & Marsal. Additionally, employees are eligible for paid time off including vacation, personal days, seventy‑two (72) hours of sick time (prorated for part‑time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type. Click here for more information regarding A&M’s benefits programs.

The salary range is $125,000 – $145,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.