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 GPA
- Advanced degree(s) and applicable professional certification(s) are preferred (CFA, CIRA, CPA)
- Restructuring experience required
- Experience with financial modeling including 3 statement analysis and 13-week cash flow models
- Ability and willingness to undertake extensive travel is required
- Willingness to work at times, long hours during the week and on weekends due to client demands may be necessary
- Experience with 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
- Demonstrates ability to contribute to identification of key issues
- Able to understand concepts of data patterns and trends
- Exhibits critical thinking and problem-solving capability
- Demonstrates ability to synthesize analysis and draw conclusions
For individuals assigned and/or hired to work in California, Colorado, or New York, Ankura is required to include a reasonable estimate of the compensation range for this role. This compensation range is specific to the said markets and considers a broad range of factors including but not limited to skill sets, experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. The range does not include additional benefits outside of salary. At Ankura, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each role. A reasonable estimate of the current base pay range is between $65,000 to $155,000; this range is not a promise of a particular wage.
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