Senior Associate, Transformation & Cost Optimization

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

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.