Senior Associate, Management Consulting, Turnaround & Restructuring

BDO USA; United States; On-site; USD 80,000 - 105,000; Full time

Job summary

BDO USA is seeking a TRS Senior Associate to execute, lead, and mentor a TRS staff in business restructuring and bankruptcy engagements, including litigation and due diligence, under supervision of a Principal/Director/Senior Manager.

The role involves collaborating with debtor clients in Chapter 11 restructurings, developing complex financial models, and supporting refinancing and sale initiatives while ensuring compliance with court requirements. Travel may be required.

Qualifications

• Three (3) plus years of experience with a national restructuring firm, management consulting firm, investment bank, large accounting firm, or similar financial institution performing audit, financial recovery or restructuring services.
• CPA certification preferred; CTP and/or CIRA designation beneficial.
• Strong financial analysis and complex modeling skills including cash receipts and disbursements analysis, financial statement modeling/forecasting, valuations and due diligence processes.

Responsibilities

• Partners with Principals and decision-makers.
• Collaborates with debtor clients in restructuring and Chapter 11 engagements.
• Prepares and analyzes complex cash flow forecasts and financial models with assumptions and schedules.
• Assists with refinancing efforts and sale transactions.
• Assists clients with downsizing operations and meeting financial goals.
• Works with buyers such as hedge funds and equity sponsors in due diligence.
• Ensures compliance with court filing requirements.
• Investigates transactions to determine causes of action.
• Reviews financial statements and prepares financial memorandums.

Skills

Financial analysis

Complex modeling

Cash flow forecasting

Valuations

Due diligence

Leadership/mentoring

Client relationship management

Multitasking

Education

Bachelor's degree in Accounting / Finance or related field

Tools

Microsoft Office Suite

Capital IQ

Job description

Job Description

The TRS Senior Associate is responsible for executing, leading and training a team of TRS Staff in business restructuring and bankruptcy related engagements, including bankruptcy litigation and financial due diligence, and addressing complex questions and issues under the direction of a TRS Principal, Director or Senior Manager.

Job Summary

The TRS Senior Associate is responsible for executing, leading and training a team of TRS Staff in business restructuring and bankruptcy related engagements, including bankruptcy litigation and financial due diligence, and addressing complex questions and issues under the direction of a TRS Principal, Director or Senior Manager.

Job Duties

• Partners with the Principals and decision-makers
• Collaborates with debtor clients in restructuring the client’s businesses in and out of Chapter 11
• Prepares and analyzes complex, detailed cash flow forecasts and financial models together with assumptions and detailed supporting schedules.
• Assists with refinancing efforts and sale transactions
• Assists clients with downsizing operations, and meeting operational and financial goals
• Works with buyers such as hedge funds, equity sponsors and companies in acquisition due diligence
• Assists creditors with obtaining the most favorable distribution of assets from companies undergoing formal bankruptcy proceedings or informal workouts
• Evaluates management to determine ability to operate and reorganize
• Ensures compliance with all court filing requirements
• Investigates transactions with insiders, financial institutions and other creditors to determine causes of action
• Reviews financial statements and recommends changes
• Functions as a business advisor to clients
• Creates interactive models and operational and financial analysis and prepares financial memorandums
• Supports business development activities with appropriate financial research, including preparation of new business proposals
• Works in crisis environments while delivering consistent high quality work in an accelerated fashion
• Willingness to travel
• Other duties as required

Supervisory Responsibilities

• Supervises the day-to-day workload of TRS Associates and Interns on assigned engagements and reviews work product
• Ensures TRS Associates and Interns are trained on all relevant software and resources
• Delivers periodic performance feedback and completes performance evaluations for TRS Associates and Interns
• Acts as mentor to TRS Associates and Interns, as appropriate

Education

Qualifications, Knowledge, Skills and Abilities:

• Bachelors degree in Accounting, Finance or other relevant field required

Experience

• Three (3) plus years of experience with a national restructuring firm, management consulting firm, investment bank, large accounting firm, or similar financial institution performing audit, financial recovery or restructuring services required.
• Prior experience working within a national public accounting firm or consulting organization preferred
• Strong financial analysis and complex modeling skills including expertise with cash receipts and disbursements analysis, financial statement modeling/forecasting, valuations and the due diligence processes

License/Certifications

• CPA certification preferred
• CTP and/or CIRA designation beneficial

Software

• High proficiency in the use of Microsoft Office Suite

Other Knowledge, Skills & Abilities

• Excellent oral and written communication skills
• Superior analytical and research skills
• Ability to structure complex analyses, gather and analyze data and provide insights
• 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
• Excellent research abilities including familiarity with Capital IQ as well as other research sources
• Proven ability to work in a deadline-driven environment and handle multiple projects simultaneously
• Capable of effective managing a team of professionals and delegating work assignments as needed
• Capacity to build and maintain strong relationships with client personnel
• Ability to successfully interact with professionals at all levels, inside and outside of BDO, including attorneys, financial advisors, clients and prospects
• Superior interpersonal, communication, marketing, sales and organizational skills
• Intermediate knowledge of bankruptcy and insolvency process

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: $80,000 - $105,000

Maryland Range: $80,000 - $105,000

NYC/Long Island/Westchester Range: $80,000 - $105,000

About Us

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.

Benefits may be subject to eligibility requirements.

Equal Opportunity Employer, including disability/vets

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'