Director, Turnaround & Restructuring

Alvarez & Marsal ,
London, Greater London
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Job Description

Director, Turnaround and Restructuring Alvarez & Marsal London Alvarez & Marsal ("A&M") is a global consulting firm with more than $1.7+ billion in revenues, c.4000+ staff and 60 offices around the globe and a broad range of professional services including Restructuring, Transaction Advisory, Performance Improvement, Corporate Transformation, Financial Institutions Advisory, Tax, Valuations, and Disputes and Investigation Services. Through our Turnaround and Restructuring practice, Alvarez & Marsal offers critical assistance to companies that are under-performing or experiencing a full-blown liquidity crisis. Working directly with company management, Alvarez & Marsal helps stabilise financial and operational performance by developing and implementing comprehensive profitability and working capital improvements. Alvarez & Marsal's involvement reassures creditors that the company is taking important steps to address its problems and maximise its value. The A&M European Restructuring team has focused on big ticket company side financial and operational restructuring assignments in addition to CRO/CEO/ CFO appointments and, within the last few years, we have delivered on some of Europe's largest restructuring cases such as Abengoa, Edcon, Toys R' US, Nyrstar, Seadrill, Intertoys, Debenhams and Isolux. Our European Restructuring team is expanding and we are looking to add a talented, ambitious and experienced Director to our London office. The successful candidate will; * Have extensive experience in Company side Restructuring * Be adept at building 13-week cash flow forecasts * Have a firm understanding of liquidity management, including the impact of risk * Possess a strong financial skill set including an understanding of P&L and asset efficiency (working capital) performance improvement processes * Have a very strong financial modelling skill set including assessing long-term company viability, as well as understanding and applying valuation methods in a restructuring context * Knowledge of Insolvency regimes and Labour Council negotiations is useful A successful Restructuring Director will be experienced in addressing businesses critical issues at speed and will reflect the operational distinctiveness that is Aa business savvy, outcome focused business entrepreneur who is addicted to making an impact, determined to make a difference and not afraid to challenge the status-quo. Examples of projects include: * Financial and Operational Restructuring * Debtor Restructuring * Balance Sheet Restructuring * Asset Sales * Cash & liquidity management and forecasting * Cross-border wind-downs * Preparation and validation of business plans for company management teams * Independent business reviews * Short term cash flow forecasting frameworks * Stakeholder reporting on PMO cost saving initiatives In addition, the successful candidate will also possess excellent negotiating skills, ideally gained in an operational restructuring environment, whether in the context of negotiating with banks, closure of an entity/divestment of assets, commercial / supplier agreements, or dealing with management teams or trade unions. The ability to engage with ambitious deadlines under possible ambiguity is key, whilst mobilizing ones self and the team towards productive outcomes. Ideally, a Director will be able to successfully identify client needs and win client trust. Ultimately, the successful appointee will be recognized by the client as the lead for value contributed on engagements and therefore build his/her own credible network of contacts and referral sources with clients, professionals and institutions. The ideal applicant will possess: * Experience gained with the Corporate Recovery / Restructuring practice of a 'Big 4' firms or a leading Advisory firm dealing with turnaround projects * ACA / ACCA qualification is preferable with a robust understanding of financial and analytical accounting (ratio analysis) * Fluency in or native English is essential and other European languages are highly desirable * Experience in building 13 week cash flows, integrated financial models and strong Excel/PowerPoint skills * Good understanding of valuation methods * Demonstrable experience of delivering complex projects and exceptional stakeholder management * A strong desire to build on their existing skill set and develop knowledge of all restructuring offerings * Experienced in working with operational and finance teams within large distressed organisations Voluntary Inclusion It is Alvarez & Marsal's policy to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, sex, sexual orientation, family medical history or genetic information, political affiliation, military service, pregnancy, marital status, family status, religion, national origin, age or disability or any other non-merit based factor in accordance with all applicable laws

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