Director, Restructuring

Alvarez & Marsal; New York (NY); On-site; USD 200,000 - 225,000; Full time

Benefits offered by this job

Healthcare plans

Flexible spending and savings accounts

Life, AD&D and disability coverage

401(k) retirement savings plan

Job summary

Alvarez & Marsal is hiring a senior restructuring leader for its New York City office. You will direct turnaround initiatives, manage multi-disciplinary teams, and interact with senior clients to drive value and stabilize financially distressed organizations.

You will oversee plans across strategy, cash conservation, and stakeholder negotiations, with heavy emphasis on leadership, finance, and operational improvement. Expect extensive travel and a high-performance environment.

Qualifications

• 10+ years of work experience in corporate restructuring, investment or commercial banking, and/or consulting or corporate roles with a financial or accounting focus.
• 5+ years of direct restructuring experience.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or related field.
• Professional certifications such as CTP, CIRA, CPA, or CFA are preferred.
• Advanced Excel, PowerPoint and Word skills.
• Ability to identify key operational performance drivers and cash-flow forecasting.
• Experience leading and mentoring junior staff.
• Strong organization and problem-solving skills.
• Excellent verbal and written communication, able to convey information at all levels.
• Willingness to travel 100% of the time.

Responsibilities

• Develop and execute restructuring and turnaround plans to improve performance and enterprise value.
• Provide day-to-day team management to ensure plans, budgets, and schedules are met.
• Act as the point of contact for assigned workstreams within client engagements.
• Perform and oversee analyses on company business plans.
• Review 13-week cash flow and 3-statement models for clients.
• Lead clients through working capital improvements, bankruptcy prep, liquidation analysis, and negotiations.
• Assess key business operational performance drivers.
• Develop and review cost-reduction initiatives and milestones.
• Review bankruptcy plans and 363 sale processes.
• Implement cash conservation guidelines and controls.
• Train, mentor and evaluate junior staff.

Skills

Leadership

Project management

Financial analysis

Restructuring expertise

Communication

Mentoring

Education

BA/BS or MBA/MS in Accounting or Finance

Tools

Microsoft Excel

PowerPoint

Microsoft Word

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 Director, Alvarez & Marsal New York City Office

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. You will lead a team across all phases and aspects of financial and operational restructuring and turnaround initiatives, for companies both in and out of bankruptcy or fiscal distress. You will oversee stabilizing core operations by formulating and managing turnaround plans and negotiating with senior management and other key stakeholders. Working day‑to‑day alongside our clients, you will develop an in‑depth understanding of the client’s processes, financial position and key operational performance drivers. This understanding is needed in order to create and implement successful restructuring and turnaround initiatives.

The Team

You will be leading a team overseeing a diverse range of projects involving turnaround management, restructuring, performance improvement and corporate advisory services, helping underperforming businesses navigate their restructuring process and creating a lasting positive impact on organisations.

How You Will Contribute

• Develop and execute restructuring and turnaround plans to improve an organisation’s overall performance and enterprise value.
• Provide day‑to‑day team management to ensure plans, budgets, and schedules are adhered to.
• Act as the point of contact for certain assigned workstreams within a client engagement.
• Perform and oversee analysis on company business plans.
• Review and present 13‑week cash flow and 3‑statement financial models to clients.
• Lead clients through various processes, including working capital improvements, bankruptcy preparation, liquidation analysis, credit agreement negotiations, and claims processing.
• Assess key business operational performance drivers.
• Develop and sensitise business plans to aid management.
• Develop and review cost‑reduction initiatives and execution milestones.
• Review bankruptcy plans, strategies, disclosure statements and 363 sales processes.
• Implement cash conservation guidelines and controls.
• Train, mentor and evaluate junior staff.

Qualifications

• 10+ years of work experience in corporate restructuring, investment or commercial banking, and/or consulting or corporate positions with a financial or accounting focus, including 5+ years of direct restructuring experience.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or another related analytical and quantitative field.
• Understanding of the fundamental aspects of a Chapter 11 proceeding.
• Professional certifications such as Certified Turnaround Professional (CTP), Certified Insolvency and Restructuring Advisor (CIRA), Certified Public Accountant (CPA), or Chartered Financial Analyst (CFA) are preferred.
• Advanced Microsoft Excel, PowerPoint and Word skills.
• Ability to identify key operational performance drivers, cash‑flow forecasting, and flexibility to support clients with a broad array of issues.
• Proven experience leading and managing workstreams and mentoring junior staff.
• Proven understanding of financial modelling and analysis.
• Demonstrated experience in developing a business plan.
• Excellent organisational and problem‑solving skills.
• Excellent verbal and written communication skills, with the ability to convey information to all levels of client personnel.
• Team player capable of excelling in a fast‑paced, entrepreneurial, and challenging work environment.
• Ability to establish credibility and influence clients.
• Commitment to living and promoting A&M’s cultural values: integrity, leadership, objectivity, inclusive diversity and fun.
• Willingness to travel 100 % of the time.

Your Journey at A&M

We recognise that our people are the driving force behind our success, which is why we prioritise 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.

Benefits

We prioritise your well‑being, providing benefits and resources to support you on your personal journey. Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings’ fringe benefits, including healthcare plans, flexible spending and savings accounts, life, AD&D and disability coverages, a 401(k) retirement savings plan, and an annual discretionary contribution to the 401(k) plan from A&M. Employees are also eligible for paid time off including vacation, personal days, 72 hours of sick time (prorated for part‑time employees), ten federal holidays, one floating holiday, and parental leave.

The salary range is $200,000 – $225,000 annually, dependent on several variables including education, experience, skills and geography. A&M offers a discretionary bonus program based on individual and firm performance. Please ask your recruiter for details.