Director of Turnaround & Restructuring

Alvarez & Marsal; Chicago (IL); On-site; USD 200,000 - 225,000; Full time

Benefits offered by this job

Healthcare plans

401(k) plan

Paid time off

Job summary

Alvarez & Marsal Chicago is seeking a Restructuring Director to lead turnaround engagements and drive enterprise value for clients. You will oversee a team through strategy, liquidity management, and negotiations across bankruptcy and distress scenarios.

The role requires 10+ years in restructuring, an MBA or accounting degree, and advanced Excel/PowerPoint skills; travel up to 100%. The salary reflects a $200,000–$225,000 annual range with discretionary bonus eligibility.

Qualifications

• At least 10+ years of work experience in restructuring, investment banking, or related advisory roles.
• BA/BS and/or MBA/MS in Accounting, Finance or related analytical fields.
• Understanding of Chapter 11 proceedings and restructuring processes.
• Professional certifications (CTP, CIRA, CPA, CFA) preferred.
• Advanced Excel, PowerPoint and Word skills are a must.

Responsibilities

• Developing and executing restructuring and turnaround plans to improve performance and enterprise value.
• Providing day to day team management to ensure plans, budgets, and schedules are met.
• Acting as the point of contact for certain assigned workstreams within client engagements.
• Performing and overseeing analysis on company business plans and cash flow models.
• Leading clients through processes including working capital improvements and negotiations.

Skills

Financial analysis

Team leadership

Client communication

Problem solving

Restructuring expertise

Education

BA/BS and/or MBA/MS in Accounting, Finance, or related

MBA/MS in Accounting, Finance, or related

Certifications: CTP, CIRA, CPA, CFA preferred

Tools

Excel

PowerPoint

Word

Job description

Alvarez & Marsal Chicago is seeking a Restructuring Director to lead turnaround engagements and drive enterprise value for clients. You will oversee a team through strategy, liquidity management, and negotiations across bankruptcy and distress scenarios.

The role requires 10+ years in restructuring, an MBA or accounting degree, and advanced Excel/PowerPoint skills; travel up to 100%. The salary reflects a $200,000–$225,000 annual range with discretionary bonus eligibility.