Senior Associate, Turnaround & Restructuring

Ankura; New York (NY); On-site; USD 65,000 - 155,000; Full time

Job summary

A leading consulting firm based in New York is seeking an experienced consultant to join their restructuring team. The ideal candidate will have at least 2 years of experience in a top-tier firm, strong analytical and problem-solving skills, and a commitment to client engagement. Responsibilities include conducting financial analyses, managing client data requests, and presenting findings to clients. This role offers a competitive salary range of $65,000 to $155,000 plus additional benefits.

Qualifications

• Minimum 2 years of relevant experience with a top-tier restructuring consulting firm.
• Ability and willingness to undertake extensive travel required.
• Experience with analytical tools and financial analyses.

Responsibilities

• Independently structures basic issue analyses contributing to hypothesis generation.
• Builds analytical tools and financial analyses with limited direction.
• Prepares high-level valuations with guidance.

Skills

Restructuring experience

Financial modeling

Analytical tools

Critical thinking

Problem-solving capability

Education

Undergraduate degree from a top academic institution

Advanced degrees (CFA, CIRA, CPA)

Job description

Ankura is a team of excellence founded on innovation and growth.

Overview

An underperforming or distressed company can often face tight liquidity constraints, unprofitable business units, and adverse industry conditions. Ankura advisors partner with senior management to assess the situation and quickly develop and implement a strategic plan that addresses multiple aspects of the business and the restructuring. Ankura’s team provides strategic and financial advice to companies, boards, and investors. Our consultants bring critical problem-solving skills to every engagement, thereby delivering innovative and practical solutions that can be executed in today’s marketplace. With a consistent process-driven approach aimed to stabilize, rehabilitate, and restructure the situation, Ankura experts bring a level of stability to unstable situations, allowing for successful resolutions focused on creating value and maximizing recoveries among stakeholders. Our firm specializes in the following company advisory services:

• In-court and out-of-court restructuring advisory

• Liquidity management

• Financial modeling and forecasting

• Operational improvement

• Strategic business plan development

• Management of communications with key stakeholders, including lenders, boards of directors, employees, investors, and creditor constituencies

• Customer and vendor management

• Negotiation and dispute resolution

• Debt and capital restructuring

• Expert witness testimony

• Distressed and/or special situation M&A advisory

• Post-transaction business stabilization

Responsibilities

• Independently structures basic issue analyses contributes to hypothesis generation

• Builds analytical tools and financial analyses that show a proper understanding of competing needs (timing, flexibility, detail, risk) with limited direction

• Identifies and articulates opportunities for more advanced analytic approaches outside of basic Excel

• Drafts client ready data requests

• Manages administrative and organizational matters of engagement

• Assembles reports, graphs, and tables with limited guidance

• Presents work, as required, both internally and to clients

• Interfaces directly with more senior clients to gather data and develop analyses in areas of responsibility

• Demonstrates a basic understanding of credit agreement terms

• Calculates covenant compliance

• Applies common restructuring concepts to distressed situations

• Beginning to identify potential issues related to complex accounting or financial concepts (taxes, impairments, pensions, currencies, etc.)

• Prepares high level valuation, with guidance

• Understands common bankruptcy terms and key provisions of the code

• Understands principles of chapter 11, POR, and 363 sale

• Understands key activities of bankruptcy preparation

• Mentors Associates when appropriate including review of work product and recommendations for improvements

Requirements

• Minimum of 2 years of relevant experience with a top tier restructuring consulting firm

• An undergraduate degree from a top academic institution with a strong GPA

• Advanced degree(s) and applicable professional certification(s) are preferred (CFA, CIRA, CPA)

• Restructuring experience required

• Experience with financial modeling including 3 statement analysis and 13-week cash flow models

• Ability and willingness to undertake extensive travel is required

• Willingness to work at times, long hours during the week and on weekends due to client demands may be necessary

• Experience with analytical tools and financial analyses that show a proper understanding of competing needs (timing, flexibility, detail, risk) with limited direction

• Identifies and articulates opportunities for more advanced analytic approaches outside of basic Excel

• Demonstrates ability to contribute to identification of key issues

• Able to understand concepts of data patterns and trends

• Exhibits critical thinking and problem-solving capability

• Demonstrates ability to synthesize analysis and draw conclusions

For individuals assigned and/or hired to work in California, Colorado, or New York, Ankura is required to include a reasonable estimate of the compensation range for this role. This compensation range is specific to the said markets and considers a broad range of factors including but not limited to skill sets, experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. The range does not include additional benefits outside of salary. At Ankura, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each role. A reasonable estimate of the current base pay range is between $65,000 to $155,000; this range is not a promise of a particular wage.

Ankura is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability. Equal Employment Opportunity Posters, if you have a disability and believe you need a reasonable accommodation to search for a job opening, submit an online application, or participate in an interview/assessment, please email [e-mail] or call toll-free +1.312-583-2122. This email and phone number are created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be returned. Messages left for other purposes, such as following up on an application or technical issues unrelated to a disability, will not receive a response.

Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to conflict, crisis, performance, risk, strategy, and transformation. The Ankura team consists of more than 2000 professionals serving 3,000+ clients across 55 countries who are leaders in their respective fields and areas of expertise. Collaborative Lateral Thinking That Deliversᵀᴹ, hard-earned experience, expertise, and multidisciplinary capabilities drive results and Ankura is unrivalled in its ability to assist clients to Protect, Create, and Recover Valueᵀᴹ. For more information, please visit, ankura.com.