Senior Associate, Turnaround & Restructuring

Ankura; Town of Lexington (NY); On-site; USD 65,000 - 155,000; Full time

Job summary

Ankura is seeking a Senior Associate Consultant to join their Turnaround & Restructuring team. This position allows you to leverage your finance or accounting background and advance your career in consulting. Responsibilities include conducting analytical work, preparing reports, and mentoring associates, with a focus on restructuring concepts.

Candidates should have a minimum of two years’ experience in a top-tier consulting firm, strong academic credentials, and be prepared for travel and long hours. The compensation ranges from $65,000 to $155,000, excluding additional benefits.

Qualifications

• Minimum of 2 years of relevant experience with a top tier restructuring consulting firm.
• Experience with financial modeling including 3 statement analysis and 13-week cash flow models.
• Ability and willingness to undertake extensive travel is required.

Responsibilities

• Independently structures basic issue analyses and contributes to hypothesis generation.
• Identifies and articulates opportunities for advanced analytic approaches outside basic Excel.
• Mentors Associates when appropriate, including review of work product.

Skills

Financial modeling

Analytical tools

Critical thinking

Problem-solving

Data patterns understanding

Education

Undergraduate degree from a top academic institution

Advanced degree(s) preferred (CFA, CIRA, CPA)

Job description

Role Overview

We are recruiting a senior associate consultant to join our Turnaround & Restructuring (T&R) team. This role offers the opportunity to leverage your finance or accounting background and grow your career in T&R consulting. The role may be based in New York, Dallas, Chicago, or other select locations.

Responsibilities

• Independently structures basic issue analyses contributes to hypothesis generation
• Builts 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 apply 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

Qualifications

• 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

Compensation

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.

The range does not include additional benefits outside of salary and has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled.

Equal Employment Opportunity Statement

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.