Associate, Restructuring

About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands‑on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.

As a Restructuring & Turnaround Associate, you will have the opportunity to work alongside professionals recognized as authorities across a diverse set of industries, and with the guidance of the most talented restructuring practitioners, you will drive changes that preserve and create value, impacting the world’s most recognized organizations and their people.

Our talent drives our success, resulting in our Restructuring & Turnaround practice becoming one of the largest and most recognized in the industry. Our successes managing some of the largest crises in the world (e.g. Lehman Brothers and Arthur Anderson), as well as preserving iconic brands through restructuring (e.g. iHeart and Gibson Brands) have earned us multiple industry awards such as:
Turnaround Management Association’s (TMA’s) 2019 Turnaround of the Year:
International Company – Seadrill Limited; TMA’s 2019 Transaction of the Year:
Mid‑Size Company – Gibson Brands, Inc.; and 2018 Transaction of the Year:
Large Company – Performance Sports Group Ltd.

You will be working closely with companies across a variety of industries to help underperforming businesses navigate their restructuring process and create a lasting positive impact on the organization.

We advise on every aspect of the restructuring process—from the strategy, to cash conservation/liquidity management, to business plan development and implementation—providing you with a wide range of experiences and projects. Leveraging your resourcefulness and independent judgment, you will help develop solutions to critical problems to improve an organization’s overall performance. You will be applying your analytical skills and deep understanding of accounting and finance to a diverse range of projects in turnaround, restructuring, bankruptcy and performance improvement.

Your involvement with these projects will typically include:

• Analyzing company financial statements.
• Preparing financial models (i.e. 3‑statement modeling).
• Forecasting cash flows and managing working capital (e.g. 13‑week cash flow forecast modeling).
• Assessing key business operational performance drivers.
• Developing and sensitizing business plans to aid management.
• Developing / reviewing cost reduction initiatives and execution milestones.
• Implementing cash conservation guidelines and controls.
• Preparing bankruptcy documents (e.g. first day motions).
• Conducting liquidation analyses.

Working as a partner to our clients by building consultative relationships, you will develop an in‑depth understanding of the client’s processes, financial positions and key operational performance drivers, in order to surface and address key issues, from the big picture to the smallest details. Relying on your ability to communicate and problem solve, you will present your analyses and insights to a variety of audiences.

At A&M you will have the opportunity to work on the most disruptive restructuring and turnaround projects in the industry and the world. You will be working alongside senior management and a team of experienced A&M professionals from a variety of backgrounds that bring a wealth of industry depth and knowledge. Relying on your ability to effectively handle pressure in stressful situations and prioritize multiple work streams, you will work in a fast‑paced, deeply collaborative team environment.

You will build rapport and develop credible relationships with clients, legal counsel and investment bankers, and be relied on to proactively…