Senior Associate: Operations Group/Transformation Services (OPEN TO ALL U.S. LOCATIONS)

Alvarez & Marsal; Chicago (IL); On-site; USD 100,000 - 170,000; Full time

Job summary

Alvarez & Marsal in Chicago seeks a Senior Associate in Transformation Services to support large client engagements with private‑equity leadership, designing and implementing performance improvements.

You will structure plans, identify cost reductions, and integrate data insights to boost EBITDA and operating efficiency.

This full‑time role offers healthcare, generous time off, and a discretionary bonus program, with opportunities across industries.

Qualifications

• Bachelor’s degree required.
• 4–7 years of professional industry or consulting experience implementing operating-expense cost-reduction programs.
• Deep knowledge of an industry vertical (industrial, business services, distribution, consumer products, retail) is a plus.

Responsibilities

• Structure and manage performance-improvement plans through to completion.
• Identify cost-reduction opportunities by redesigning organizational structures, staffing, and back-office processes.
• Integrate data insights to enhance EBITDA and operating efficiency.
• Implement cost-reduction initiatives, including workforce changes and process improvements.
• Make strategic recommendations based on findings.
• Lead consulting projects in at least two areas: margin management, pricing, product rationalization; sales & operations planning; sourcing & global supply chain; organizational structure; non-labor cost efficiency; process improvement; SG&A cost reduction; working capital and cash management.

Education

Bachelor’s degree

Job description

Description

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results‑oriented professionals in more than 40 countries. We solve clients’ problems and help them achieve their potential. Our collaborative culture, guided by the core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity, attracts independent thinkers and doers who leave a positive impact.

The Team

A&M’s Private Equity Performance Improvement Services (PEPI) practice serves the middle‑market and large‑cap private equity firms that engage A&M to improve operating results at their portfolio companies. Professionals build deep functional skills and maximize our ability to tailor solutions to clients’ business issues.

PEPI Services Include

• Transformation Services
• CDD/Strategy
• Interim Management
• M&A Services
• Manufacturing Operations Improvement
• Supply Chain
• CFO Services

How You Will Contribute

As a Senior Associate in Transformation Services, you will support large, complex client engagements, working closely with private‑equity leadership to design and implement creative business solutions for portfolio companies.

Key responsibilities:

• Structure and manage performance‑improvement plans through to completion.
• Identify cost‑reduction opportunities by redesigning organizational structures, staffing, and back‑office processes.
• Integrate data insights to enhance EBITDA and operating efficiency.
• Implement cost‑reduction initiatives, including workforce changes and process improvements.
• Make strategic recommendations based on findings.
• Lead consulting projects in at least two of: margin management, pricing, product rationalization; sales & operations planning; sourcing and global supply chain; organizational structure; non‑labor cost efficiency; process improvement; SG&A cost reduction; working capital and cash management.

Qualifications

• Bachelor’s degree.
• 4–7 years of professional industry or consulting experience implementing operating‑expense cost‑reduction programs.
• Deep knowledge of an industry vertical (e.g., industrial, business services, distribution, consumer products, and retail) is a plus.

Benefits & Salary

Salary range: $100,000–$170,000 annually, depending on education, experience, skills, and geography. A&M offers a discretionary bonus program based on individual and firm performance. Full‑time employees (≥30 hours/week) and qualifying part‑time employees receive healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages, a 401(k) plan with discretionary contributions, paid time off including vacation, personal days, 72 hours of sick time, ten federal holidays, one floating holiday, and parental leave.

Additional resources: employee wellness, learning opportunities, and leadership development. Candidates are considered until the opportunity is filled.

Legal Statement

A&M does not require or administer lie detector tests as a condition of employment or continued employment. It is unlawful in Massachusetts to require such tests. Employers who violate this law may face criminal penalties and civil liability.