What are the responsibilities and job description for the Senior Associate, Turnaround & Restructuring position at Ankura?
Ankura is a team of excellence founded on innovation and growth.
Ankura Turnaround & Restructuring 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
The ideal candidate is based in Chicago or Dallas but there is potential for other locations.
Ankura Turnaround & Restructuring Senior Associate 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 management 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 preferred and/or relevant financial consulting experience including M&A transaction advisory and/or investment banking
* Experience with financial modeling preferably with 3 statement analysis and/or 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
#LI-Hybrid
#LI-KR2
* Ankura is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability. Equal Employment Opportunity Posters, if you have a disability and believe you need a reasonable accommodation to search for a job opening, submit an online application, or participate in an interview/assessment, please email [ Email address blocked ] - Click here to apply to Senior Associate, Turnaround & Restructuring or call toll-free
Ankura Turnaround & Restructuring 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
The ideal candidate is based in Chicago or Dallas but there is potential for other locations.
Ankura Turnaround & Restructuring Senior Associate 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 management 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 preferred and/or relevant financial consulting experience including M&A transaction advisory and/or investment banking
* Experience with financial modeling preferably with 3 statement analysis and/or 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
#LI-Hybrid
#LI-KR2
* Ankura is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability. Equal Employment Opportunity Posters, if you have a disability and believe you need a reasonable accommodation to search for a job opening, submit an online application, or participate in an interview/assessment, please email [ Email address blocked ] - Click here to apply to Senior Associate, Turnaround & Restructuring or call toll-free
1.312-583-2122
. This email and phone number are created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be returned. Messages left for other purposes, such as following up on an application or technical issues unrelated to a disability, will not receive a response.Recommended Skills
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