Senior Associate, Restructuring

CFA Institute; City of Troy (NY); On-site; USD 160,000 - 175,000; Full time

Job summary

Alvarez & Marsal (A&M) is a global consulting firm seeking a Restructuring Senior Associate for the Detroit Office. You will work on restructuring and turnaround engagements, building cash forecasts and plans, and supporting bankruptcy-related initiatives.

Responsibilities include leading work streams, mentoring juniors, and delivering analyses to clients. A strong accounting/finance background and willingness to travel are essential.

Qualifications

• At least 6+ years of work experience in corporate restructuring, investment or commercial banking, and/or consulting or corporate positions with a financial or accounting focus, 4+ years of which is direct restructuring experience.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or related analytical fields.
• Advanced Microsoft, PowerPoint, and Word skills required.
• Professional certifications such as CPA/CFA/CIR A/C4350 preferable.
• Understanding of Chapter 11 proceedings.
• Advanced financial modeling experience including 13-week cash flow and 3-statement models.
• Excellent organizational and communication skills.
• Willingness to travel 100%.

Responsibilities

• Building and managing 13-week cash flow forecast.
• Building a liquidation analysis to address feasibility of Plan of Reorganization.
• Creating long-term business plans to track performance and manage working capital.
• Implementing cash conservation strategies and controls.
• Developing pre-bankruptcy plans and assisting with bankruptcy case administration.
• Supporting marketing initiatives by assisting with the pitch process.
• Leading a work stream within a project and mentoring junior resources.

Skills

Financial analysis

Problem solving

Team collaboration

Communication skills

Education

BA/BS or MBA/MS in Accounting or Finance

Tools

Microsoft Office Suite

PowerPoint

Excel

Word

Job description

Description

Restructuring Senior Associate, Alvarez & Marsal Detroit Office

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.

The Team

As a Restructuring & Turnaround Senior Associate, you will have the opportunity to work alongside professionals recognized as authorities across a diverse set of industries, and with the guidance of the most talented restructuring practitioners, you will drive changes that preserve and create value, impacting the world's most recognized organizations, and their people.

How you will contribute

You will be working closely with companies across a variety of industries to help underperforming businesses navigate their restructuring process and create a lasting positive impact on the organization.

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. Leveraging your resourcefulness and independent judgment, you will help develop solutions to critical problems to improve an organization's overall performance and enterprise value by developing and executing restructuring and turnaround plans. You will be applying your analytical skills and deep understanding of accounting and finance to a diverse range of projects in turnaround, restructuring, bankruptcy and performance improvement. Your involvement with these projects will typically include:

• Building and managing 13-week cash flow forecast.
• Building a liquidation analysis to address feasibility of Plan of Reorganization.
• Working with client to create a long‑term business plan in order to track and manage business performance, manage working capital, and implement cost reduction initiatives.
• Implementing cash conservation strategy and controls.
• Developing pre‑bankruptcy plans and assisting with bankruptcy case administration, which includes supporting the handling of creditor constituents and preparing bankruptcy documents.
• Supporting marketing initiatives by assisting with the pitch preparation process.
• Leading a work stream within a project and coaching and mentoring junior resources.

Working as a partner to our clients by building consultative relationships, you will develop an in‑depth understanding of the client's processes, financial positions and key operational performance drivers to surface and address key issues, from the big picture to the smallest details. Relying on your ability to communicate and problem solve; you will present your analyses and insights to a variety of audiences.

Qualifications

• At least 6+ years of work experience in corporate restructuring, investment or commercial banking, and/or consulting or corporate positions with a financial or accounting focus, 4+ years of which is direct restructuring experience.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or other related analytical fields.
• Advanced Microsoft, PowerPoint, and Word skills a must.
• Professional certifications such as Certified Turnaround Professional (CTP), Certified Insolvency and Restructuring Advisor (CIRA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or demonstrated progress toward such certifications preferred.
• Understanding of the fundamental aspects of Chapter 11 proceedings.
• Advanced level of experience in financial modeling with ability to build 13-week cash flow forecast and 3‑statement financial models with limited oversight.
• Excellent organizational and problem‑solving skills.
• Excellent verbal and written skills, with the ability to communicate with all levels of client personnel.
• Commitment to living A&M's cultural values: integrity, leadership, objectivity, inclusive diversity, and fun.
• Team player who can excel in a fast‑paced, entrepreneurial, challenging work environment.
• Willingness to travel 100%.

Your journey at A&M

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

We prioritize your well‑being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high‑performing and passionate professionals.

Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings' fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined periodically as well as a 401(k) retirement savings plan. Provided the eligibility requirements are met, employees will also receive an annual discretionary contribution to their 401(k) retirement savings plan from Alvarez & Marsal. Additionally, employees are eligible for paid time off including vacation, personal days, seventy‑two (72) hours of sick time (prorated for part‑time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type.

The salary range is $160,000 - $175,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.