Senior Consultant, Healthcare Services - MedTech

Alvarez & Marsal Deutschland GmbH; Philadelphia (Philadelphia County); On-site; USD 125,000 - 150,000; Full time

Job summary

Join a dynamic team at a leading global firm dedicated to transforming the healthcare industry. As a Senior Associate, you'll leverage your expertise in healthcare and MedTech to drive financial and operational improvements for clients. This role offers the chance to work on complex assignments, manage projects, and collaborate with a passionate team focused on delivering tangible results. You'll be supported in your growth with training programs and mentorship, making it an exciting opportunity to advance your career in a fast-paced environment. If you have a passion for healthcare and a collaborative spirit, this position is perfect for you.

Benefits

Competitive Benefits

Training Programs

Ongoing Coaching

Mentorship

Discretionary Bonus Program

Paid Time Off

Qualifications

• 6+ years experience in healthcare, especially in MedTech.
• Strong skills in project management and financial analysis.

Responsibilities

• Identify cost reduction opportunities and implement changes.
• Build financial models and conduct operational analyses.
• Prepare client-ready deliverables and presentations.

Skills

Healthcare Industry Knowledge

Project Management

Financial Analysis

Cost Optimization

Data Analysis

Communication Skills

Organizational Skills

Entrepreneurial Mindset

Education

BA/BS Degree

MBA/MS in Accounting or Finance

Tools

Microsoft PowerPoint

Microsoft Excel

Job description

Location: Philadelphia, PA, United States
Date Posted: Jan 16, 2025

Alvarez & Marsal (A&M) is a premier, independent, global professional services firm specializing in advising organizations on solving complex business problems, including turnaround management, restructuring, operational and financial performance improvement, strategy and value creation.

The Healthcare Industry Group, a subsidiary of A&M, is at the forefront of delivering transformational change to the healthcare industry. Known as an established leader that delivers tangible results for healthcare executives, boards, private equity firms, investors, law firms and government agencies, our professionals advise organizations on financial and operational performance improvement, strategic growth and unlocking value across the investment lifecycle.

You will have the opportunity to work with clients in a variety of sectors including health systems and providers, physician groups, ancillary providers, medical schools, vision, laboratory, dental and behavior health; managed care and health plans, government plans and programs, healthcare investors and lenders, medical devices, healthcare suppliers and infrastructure, and life sciences.

HIG’s Healthcare Services practice (HCS), with offices throughout the US, focuses on serving private equity firm’s portfolio companies and public and private healthcare companies. Our HCS services include performance improvement/operational turnarounds, cost optimization, M&A services, finance operations, and interim management (including CFO services):

• Performance Improvement/Operational Turnaround: We draw on deep operational heritage and proven approaches to assess businesses and identify key areas impeding performance quickly and effectively.
• Cost Optimization: A&M’s cost optimization program focuses on quickly identifying high-impact opportunities for EBITDA and cash flow improvements across the entire cost structure.
• M&A Services: A&M supports companies throughout the M&A lifecycle, including conducting operational/synergy due diligence, integration planning and execution.
• Finance Operations: A&M drives improvement to its clients’ finance operations, including management reporting and optimization of the month-end close process.
• Interim Management: In select instances, one of HCS’s experienced operators may step into an interim role to drive change while a full-time replacement is being recruited.

What will you be doing?

As a Senior Associate you will be working closely with healthcare clients, particularly in the MedTech and medical device space, on a range of complex assignments. You will use your independent judgement and critical thinking skills to gather data, design practical solutions and drive financial and operational improvements. Responsibilities may include:

• Identifying and implementing opportunities to reduce cost structure by redesigning org structures and minimizing/eliminating non-value-added tasks.
• Reviewing Go to Market strategies including portfolio assessments, pricing, and sales force effectiveness.
• Building and managing financial models and conducting financial and operating analyses.
• Providing project management assistance and overall governance support to clients.
• Utilizing and/or creating project management tools to track activities and progress.
• Providing guidance to manage a client through crisis by assisting in structuring and executing on a performance improvement plan.
• Developing operational data analysis to create KPI metrics.
• Summarizing, drawing conclusions and creating recommendations from data sets.
• Leading various work streams within a project.
• Preparing client-ready deliverables and presentations.
• Coaching and mentoring junior staff.
• Building relationships with clients and seeking opportunities to expand the scope of business.
• Supporting marketing initiatives by assisting with pitch preparation and creation of marketing materials.

Who will you be working with?

We are entrepreneurial, action-oriented professionals who take a hands-on approach to solving our clients’ problems. You will be part of a team that is passionate about delivering transformational change in the healthcare industry.

Who are we looking for?

We are seeking someone with an entrepreneurial and collaborative mindset who will thrive in a fast-paced environment. As a Senior Associate, you will demonstrate leadership, integrity, and objectivity when interacting with clients:

General Skills:

• High energy individuals with a passion for healthcare and solving complex issues.
• A minimum of six (6) years of prior work experience in healthcare with a MedTech focus.
• Advanced Microsoft PowerPoint and Excel skills.
• Solid project management and organizational skills.
• Working knowledge of the MedTech industry.
• Prior experience working with PE firms.
• Excellent verbal and written skills.
• Willingness and ability to travel as required.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or related healthcare fields.

Commercial Skills:

• Familiarity with pricing structures and contracting processes.
• Understanding of different commercial channels.

Operational Skills:

• Familiarity with manufacturing processes and logistics networks.
• Understanding of inventory management strategies.

How will you grow and be supported?

You will have the opportunity to take your career to the next level by gaining invaluable industry experience while enhancing and expanding your skillset. We offer a variety of training programs, ongoing coaching, and mentorship.

Alvarez & Marsal offers competitive benefits and opportunities to support your personal and professional development.

Compensation Statement

The annual base salary range is $125 – $150k commensurate with experience. A&M offers a discretionary bonus program based on individual and firm performance.

Regular employees working 30 or more hours per week are entitled to participate in A&M's fringe benefits and paid time off.

Alvarez & Marsal recruits on an ongoing basis. Candidates are encouraged to apply expeditiously to any role(s) that they are qualified for.

Diversity & Inclusion

A&M’s entrepreneurial culture celebrates independent thinkers and doers. We embrace diversity and foster inclusiveness.

Equal Opportunity Employer

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment without discrimination.

Unsolicited Resumes from Third-Party Recruiters

We do not accept unsolicited resumes from third-party recruiters unless engaged for a specified opening.

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