Director - Cost Transformation​/Operational Restructuring - Operational Strategy - EY-Parthenon

Director - Cost Transformation/Operational Restructuring - Operational Strategy - EY-Parthenon

Location:

London

Other locations:
Primary Location Only

Date: 26 Feb 2026

Requisition

At EY, we’re all in to shape your future with confidence. We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world.

At EY-Parthenon (EY-P), our unique combination of transformative strategy, transactions and corporate finance delivers real-world value – solutions that work in practice, not just on paper. Benefiting from EY’s full spectrum of services, we’ve reimagined strategic consulting to work in a world of increasing complexity. With deep functional and sector expertise, paired with innovative AI-powered technology and an investor mindset, we partner with CEOs, boards, private equity and governments every step of the way.

The Operational Strategy practice within EY-Parthenon provides clients with pragmatic, results-oriented solutions that transform cost structures and drive performance improvement, helping solve their most significant financial and operational challenges.

At the core of our value proposition are Cost Transformation and Operational Restructuring, encompassing rapid and sustained transformation of organisations requiring strategic or structural change to their cost base or business performance.

We develop strategies that enhance overall business value, leveraging deep sector and functional expertise, including:

• Cost Transformation – reimagining our clients’ cost structures across people and non-people costs, S&GA and COGS, opex and capex - including the use of ‘zero based’ approaches.
• Value Realisation – hands‑on management of delivery and financial impact in value creation, cost reduction and/or turnaround programmes.
• Culture change – architecting the soft and hard measures required to instill a cost-conscious mindset in the organisation and to sustain the benefits of a cost transformation.
• Turnaround / Operational Restructuring - including accelerated cost out, crisis management.
• Fix‑Sell‑Close - developing and implementing strategic restructuring options for underperforming businesses (or divisions/functions of businesses).

Our teams work closely with executive leadership to identify significant improvement opportunities, develop actionable delivery plans, and lead/support implementation at pace.

As a Director you will advise clients across a variety of sectors, supporting key decision makers (e.g. Board, C‑suite, lenders, investors) to develop and implement strategic transformations and to identify and realise value. You’ll drive aspects of business origination, including pitches and presentations to potential clients to help sell work, own meaningful client relationships and lead project delivery, working with senior stakeholders for some of EY’s most demanding clients.

Given the client‑facing nature of the role, strong interpersonal and communication skills are essential to effectively engage with clients and pragmatically address their needs, including the production of concise, executive‑ready reports and recommendations.

You will be expected to operate with a high degree of independence, owning programmes, work streams end‑to‑end and translating operational insights into clear financial outcomes (EBITDA, cash or CAPEX improvements, risk mitigation).

We expect Directors to play a leading role in new business development efforts by leading pitches/pursuits and preparing compelling go‑to‑market collateral. You will also help shape the Cost Transformation and/or Operational Restructuring value propositions, contributing to thought leadership and practice growth.

We expect you to establish, maintain and strengthen internal and external relationships to help build the profile of the Operational Strategy practice. As an important member of a growing team, you will be expected to take a leading role to grow the practice and in coaching and…