Managing Director, Management Consulting, Turnaround & Restructuring
BDO USA
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Résumé du poste
BDO USA seeks a Managing Director to lead a TRS team in business restructuring and bankruptcy engagements, including litigation, reporting to an Advisory Principal. The role emphasizes marketing and networking to win new business and lead proposals.
The position requires extensive engagement leadership, supervisory responsibilities, and the ability to build industry relationships. Travel to clients is expected as needed.
Qualifications
- Bachelor's degree in Accounting, Finance or other relevant field is required
- MBA or other advanced degree is preferred
Responsabilités
- Lead company-side restructuring and turnaround engagements and interim management as applicable
- Identify, pursue and win new business opportunities; build out the pitch team for opportunities
- Prepare complete pitch books, conduct conflict checks, and ensure fee proposals and engagements follow required guidelines
- Present work product to counsel or client; respond to questions and defend analyses
- Supervise TRS Senior Managers, Managers, Senior Associates and Associates; provide performance reviews
- Develop financial models; analyze cash flows and provide actionable recommendations
- Travel to client sites as needed to support engagements
Connaissances
Formation
Outils
Description du poste
The Managing Director is responsible for executing, building out, and leading a team of TRS in business restructuring and bankruptcy related engagements, including bankruptcy litigation, and addressing complex questions and issues under the direction of an Advisory Principal. The Managing Director is also expected to spend a significant amount of time marketing and networking for new business, including identifying, pursuing and leading new business proposals.
The Managing Director is responsible for executing, building out, and leading a team of TRS in business restructuring and bankruptcy related engagements, including bankruptcy litigation, and addressing complex questions and issues under the direction of an Advisory Principal. The Managing Director is also expected to spend a significant amount of time marketing and networking for new business, including identifying, pursuing and leading new business proposals.
- Winning and leading performance of company-side restructuring and turnaround work and/or interim management engagements
- Works and assists Principals in identify, pursuing and winning new business opportunities
- Leads BDO pitch team for small or middle market company opportunities, participates as key speaking member of pitch team for larger new business opportunities. Assists pitch team in responding to new business inquiries
- Contacts creditors, lawyers, bankers and internal BDO contacts to pursue new business opportunities (creditor committee, debtor, litigation, etc.)
- Builds and expands network of contacts in the industry (lawyers, bankers, PE firms, creditors, etc.) and gets name known in restructuring industry
- Prepares complete pitch book for new business opportunities, including cover letter and conflict check
- Conducts and clears conflict checks, prepares draft retention affidavits or engagement letters and reviews fee applications or invoices; ensures compliance with all other court filing requirements
- Builds and maintains network of contacts in the industry (e.g. lawyers, bankers, PE firms, creditors, etc.)
- Cross-sells other BDO services (corporate finance, valuation, tax, due diligence, litigation, assurance, etc.)
- Takes lead role in preparing and executing BDO engagement strategy as project leader in consultation with engagement principal
- Takes lead role in presenting BDO work product to counsel or client and responds to questions
- Takes lead role in interactions with counsel or senior company management on complex operational, restructuring or bankruptcy issues
- Possesses superior financial restructuring and bankruptcy technical skills, including strong ability to identify bankruptcy or financial restructuring related issues and make recommendations to address issues
- Possesses superior ability to analyze cash flow projections, identify issues and develop a plan of action to address issues
- Reviews reorganization/liquidation plan, evaluates plan for client, identifies key issues and makes recommendations to address issues
- Evaluates and recommends alternative courses of action and potential solutions to achieve best result for client
- Testifies at deposition or in Court on work performed by BDO and defend work in cross examination
- Other duties as required
- Supervises the day-to-day workload of TRS Senior Managers, Managers, Senior Associates and Associates on assigned engagements; reviews work product, provides timely performance reviews and assists in the development of goals and objectives to enhance staff professional development
- Provides on-the-job training for all TRS Senior Managers, Managers, Senior Associates, and Associates on each engagement
- Acts as Career Advisor to TRS Senior Managers, Managers, Senior Associates and Associates, as appropriate
- Bachelor's degree in Accounting, Finance or other relevant field, required
- MBA or other relevant advanced degree, preferred
- Ten (10) or more years of prior experience performing business restructuring and/or related consulting services, required
- Prior experience working within a national public accounting firm or consulting organization, preferred
- Five (7) or more years of management experience, required
- CIRA and/or CTP designation, preferred
- CPA, CFE and other relevant certifications, beneficial
- Proficient in the use of Microsoft Office Suite, specifically Excel, Word, and PowerPoint
- Excellent oral and written communication skills, including the ability to review work product developed by others
- Willingness to go above and beyond to provide superior work product while meeting engagement deadlines Superior analytical skills, including ability to identify issues and anomalies
- Solid organizational skills, especially ability to meet project deadlines with a focus on details
- Ability to successfully multi-task while working independently or within a group environment
- Proven ability to work in a deadline-driven environment and handle multiple projects simultaneously
- Ability to effectively managing a team of professionals and delegate work assignments as needed
- Ability to build and maintain strong relationships with internal and client personnel
- Ability to encourage team environment on engagements and contribute to the professional development of assigned personnel
- Executive presence and ability to act as primary contact on assigned engagements, while timely keeping Principals informed of progress
- Ability to develop financial models, especially integrated P&L with balance sheets and cash flows
- Advanced knowledge of debt and lease restructuring, cash flow and balance sheets, along with liquidation analysis
- Advanced knowledge of bankruptcy and insolvency process
- Ability to travel to BDO clients local, regional and national
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate’s qualifications, experience, skills, and geography.
National Range: $250,000 - $600,000
Maryland Range: $250,000 - $600,000
NYC/Long Island/Westchester Range: $250,000 - $600,000
At BDO, how we show up matters. We build strong relationships by supporting one another, our clients, and our communities with care, curiosity, and a commitment to helping one another grow and succeed. Here, you'll find meaningful work, leaders invested in your success, and opportunities to build a career around what matters most to you.
Our purpose is to be the people our clients count on to grow with confidence and achieve what matters most. Our values guide how we bring that purpose to life each day. Together, they shape how we work with one another, serve our clients, and create meaningful impact.
BDO provides assurance, tax, and advisory services to clients across the U.S. and around the world. No matter your role, you'll be part of a team helping clients navigate complexity and move forward with clarity.
We are proud to be an ESOP company, offering participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well-being. As a qualified retirement plan, the ESOP is a meaningful addition to our comprehensive compensation and Total Rewards benefits* offerings. It also reinforces an ownership mindset that strengthens our connection to one another, our clients, and the future we’re building together.
Learn more about our benefits: BDO Total Rewards encompass more than traditional benefits. Click here to find out more !
- Benefits may be subject to eligibility requirements.
Equal Opportunity Employer, including disability/vets
Click here to find out more !
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.
BDO USA, P.A. is an EO employer M/F/Veteran/Disability
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