Director, Turnaround & Restructuring

Ankura is a team of excellence founded on innovation and growth.

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

Role Overview :

We are currently recruiting a Director to join our Turnaround & Restructuring (T&R) team. This role could be located in New York, Dallas, or Chicago with potential for other locations. 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 GPAAdvanced degree(s) and applicable professional certification(s) are preferred (CFA, CIRA, CPA)
Restructuring experience…