Director, Restructuring

Director, Restructuring – Alvarez & Marsal

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Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action‑oriented professionals in more than 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 the industry. Guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity, our people love working at A&M.

Restructuring Director – Detroit Office (Alvarez & Marsal)

You will lead a team overseeing a diverse range of projects involving turnaround management, restructuring, performance improvement and corporate advisory services, helping under‑performing businesses navigate their restructuring process and creating a lasting positive impact on organizations.

We advise on every aspect of the restructuring process – from strategy and cash conservation/liquidity management to business plan development and implementation – providing you with a wide range of experiences and projects. You will lead a team across all phases and aspects of financial and operational restructuring and turnaround initiatives for companies both in and out of bankruptcy or fiscal distress.

You will oversee stabilizing core operations by formulating and managing turnaround plans and negotiating with senior management and other key stakeholders. Working day‑to‑day alongside our clients, you will develop an in‑depth understanding of the client’s processes, financial position and key operational performance drivers. This understanding is needed in order to create and implement successful restructuring and turnaround initiatives.

• Develop and execute restructuring and turnaround plans to improve an organization’s performance and enterprise value.
• Manage the team to ensure plans, budgets, and schedules are adhered to.
• Act as the point of contact for assigned work streams within a client engagement.
• Perform and oversee analysis on company business plans.
• Review and present 13‑week cash‑flow and 3‑statement financial models to clients.
• Lead clients through processes such as working capital improvements, bankruptcy preparation, liquidation analysis, credit agreement negotiations, and claims processing.
• Assess key business operational performance drivers.
• Develop and sensitize business plans to aid management.
• Develop and review cost‑reduction initiatives and execution milestones.
• Review bankruptcy plans, strategies, disclosure statements and 363 sales processes.
• Implement cash‑conservation guidelines and controls.
• Train, mentor, and evaluate junior staff.

• 10+ years of work experience in corporate restructuring, investment or commercial banking, and/or consulting or corporate positions with a financial or accounting focus, with 5+ years of direct restructuring experience.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or related analytical and quantitative fields.
• Understanding of the fundamental aspects of a Chapter 11 proceeding.
• Professional certifications such as Certified Turnaround Professional (CTP), Certified Insolvency and Restructuring Advisor (CIRA), CPA, or CFA (preferred).
• Advanced Microsoft Excel, PowerPoint and Word skills.
• Ability to identify key operational performance drivers, cash‑flow forecasting, and flexibility to support clients with a broad array of issues.
• Proven experience leading and managing work streams and mentoring junior staff.
• Proven understanding of financial modeling and analysis.
• Demonstrated experience developing a business plan.
• Excellent organizational and problem‑solving skills.
• Excellent verbal and written communication skills.
• Team player who can excel in a fast‑paced, entrepreneurial, challenging environment.
• Ability to establish credibility and influence clients.
• Commitment to living and promoting A&M’s cultural values: integrity, leadership, objectivity, inclusive diversity and fun.
• Willingness to travel 100% of the time.