Turnaround / Chief Restructuring Office

VDS Consulting Group; Dallas (TX); On-site; USD 332,000 - 480,000; Full time

Job summary

VDS Consulting Group is seeking an experienced senior leader to guide a distressed manufacturing asset through liquidity management, stabilization, and restructuring on a 6–12 month contract.

You will own 13-week cash flow, negotiate with lenders and creditors, analyze product profitability, drive cost reductions, and plan contingencies such as asset sales or Chapter 11, with rigorous board reporting.

Qualifications

• 15+ years of senior operating or financial leadership with turnaround accountability.
• Multiple distressed engagements and proven restructuring track record.
• Liquidity management capability under genuine constraint.
• Experience negotiating with lenders for forbearance, amendments, and refinancings.
• Manufacturing operations literacy to assess plant viability.
• Calm, steady leadership to hold a room amid loss of confidence.

Responsibilities

• Immediate liquidity management and cash conservation.
• 13-week cash flow as the primary operating instrument.
• Lender, creditor, and stakeholder negotiation and communication.
• Product line and customer profitability analysis leading to exit or divestiture decisions.
• Cost structure reduction including headcount and footprint actions.
• Debt restructuring, forbearance, and amendment negotiation.
• Contingency planning including 363 sale or Chapter 11 preparation where applicable.
• Board, sponsor, and lender reporting under high scrutiny.

Skills

Turnaround leadership

Liquidity management

Lender negotiations

Manufacturing operations

Stakeholder communication

Decision-making under pressure

Job description

Contract | 6–12 months | Day rate + expenses | Travel M–F, CONUS

The mandate

A distressed manufacturing asset needs someone with authority to make hard decisions quickly. You are placed to manage liquidity, stabilize the business, and execute the restructuring — whether that means exiting product lines, renegotiating debt, closing sites, or preparing an asset for sale.

This is not a coaching role. You will make decisions that affect people's jobs, and you will make them on a compressed timeline with incomplete information.

What you'll own

• Immediate liquidity management and cash conservation
• 13-week cash flow as the primary operating instrument
• Lender, creditor, and stakeholder negotiation and communication
• Product line and customer profitability analysis, and the divestiture or exit decisions that follow
• Cost structure reduction, including headcount and footprint actions
• Debt restructuring, forbearance, and amendment negotiation
• Contingency planning, including 363 sale or Chapter 11 preparation where applicable
• Board, sponsor, and lender reporting under high scrutiny

What you bring

• 15+ years of senior operating or financial leadership, with direct turnaround or restructuring accountability
• Multiple completed distressed engagements — this role is not a first turnaround
• Deep liquidity management capability under genuine constraint
• Lender negotiation experience across forbearance, amendment, and refinancing
• Manufacturing operations literacy — you can evaluate whether a plant should stay open
• The judgment and steadiness to hold a room that is losing confidence

Strong plus: CTP, CIRA, or equivalent credential; Chapter 11 experience; carve-out or asset sale execution; industrial and manufacturing sector concentration.