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Turnaround & Restructuring Director Role Description

Ankura Turnaround & Restructuring Practice 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

The ideal candidate is based in New York, Chicago, or Dallas, but there is potential for other locations.

Ankura Turnaround & Restructuring Director Responsibilities

Critique and provide guidance on complex analyses

Independently identify patterns in complex data and drive hypotheses

Independently develop understanding of analytic tools including and outside of Excel

Work directly with Client to obtain relevant data

Independently disaggregate complex problems into simpler parts

Actively challenges assumptions and hypotheses

Understands complex corporate finance and accounting concepts

Analyzes risks to existing or proposed covenant packages

Demonstrates clear understanding of different credit products

Understands various restructuring concepts informed by engagement experience and able to clearly articulate those views to others

Drives team to develop an understanding of analytic tools including and outside of Excel

Has an experienced/informed view on how to approach building certain common Excel based analyses (cash flow forecast, financial statement model)

Understands key elements of bankruptcy case management

Helps to set priorities across multiple work streams

Coordinates with team on schedules to meet agreed upon deadlines

Identifies key milestones and manages accordingly

Directly manages work of Associates and Senior Associates

Lays out an effective approach to a presentation with guidance from more senior teammates

Prepares full decks and presents sections of a report both internally and to clients

Presents effectively to C Suite level clients and other professionals related to basic and moderately complex analyses/issues

Handles client interactions at multiple levels

Provides guidance and feedback to early career professionals

Maintains constant communications with senior professionals to ensure coordination of activities and manage expectations

Requirements:

Minimum of 5 years of relevant experience with a top tier management 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 preferred and/or relevant financial consulting experience including M&A transaction advisory and/or investment banking

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

Experience with financial modeling preferably with 3 statement analysis and/or 13-week cash flow models

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 $85,000 to $200,000; this range is not a promise of a particular wage.

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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 accommodations@ankura.com 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.