Senior Associate, 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 senior associate consultant to join our Turnaround & Restructuring (T&R) team.  This is a great opportunity to leverage your experience and grow in a T&R consulting role where you will be able to accelerate your career and professional development. If you have a finance or accounting background, are inquisitive, a problem solver, and hungry to learn and grow a career in T&R this could be a great opportunity for the next step in your career.

This role could be located in New York, Dallas, Chicago and there is potential for other select locations. Responsibilities:

Independently structures basic issue analyses contributes to hypothesis generation

Builds analytical tools and financial analyses that show a proper understanding of competing needs (timing, flexibility, detail, risk) with limited direction

Identifies and articulates opportunities for more advanced analytic approaches outside of basic Excel Drafts client ready data requests

Manages administrative and organizational matters of engagement

Assembles reports, graphs, and tables with limited guidance

Presents work, as required, both internally and to clients

Interfaces directly with more senior clients to gather data and develop analyses in areas of responsibility

Demonstrates a basic understanding of credit agreement terms

Calculates covenant compliance

Applies common restructuring concepts apply to distressed situations

Beginning to identify potential issues related to complex accounting or financial concepts (taxes, impairments, pensions, currencies, etc.

Prepares high level valuation, with guidance

Understands common bankruptcy terms and key provisions of the code Understands principles of chapter 11, POR, and 363 sale Understands key activities of bankruptcy preparation

Mentors Associates when appropriate including review of work product and recommendations for improvements

Requirements:

Minimum of 2 years of relevant experience with a top tier restructuring 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 required

Experience with f…