Job Information
Ankura Senior Director, Turnaround & Restructuring in New York, New York
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. This role can be filled in New York City, Chicago, Houston, Dallas, or potential other locations. 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
Leads the review of and provides guidance on complex analyses
Facilitates team in the development and understanding of analytical tools including and outside of Excel
Supervises and manages team working directly with Client to obtain relevant data
Provides direction on disaggregate complex problems and into simpler parts
Leads in challenging assumptions and hypotheses generated by early career consultants
Oversees the review of complex accounting and financial concepts to the situation at hand
Analyzes risks to existing or proposed covenant packages
Leads and provides guidance on analyses on different credit products
Delivers guidance and clearly articulates restructuring concepts and applies to the situation at hand
Responsible for building fully integrated financial and transaction models from start to finish including supervising all parts of the analysis and drawing preliminary conclusions
Takes ownership and manages key elements of bankruptcy case management
Effectively plans engagement workstreams and manages multiple sections of work plan
Prepares and supervises deliverables including identifying and writing issues and situations at hand for review by senior professional
Determines an effective approach / content level based on audience in most situations
Builds lasting relations with clients beyond initial engagement
Coordinates with team on prioritization plans
Provides leadership to junior professionals and shapes the work of the team
Role Requirements:
Minimum 8 years of relevant restructuring / distressed experience in a professional service or consulting firm environment
An undergraduate degree from a top academic institution
Advanced degree(s) and applicable professional certification(s) are preferred (CFA, CIRA, CPA)
Prior hands-on experience building / developing / overseeing integrated 3-statement financial and 13-week cash flow models
High energy style, flexible and adaptive, with the ability to work well in a very fast paced environment
Ability to adapt to complex client environments and situations
Proven track record of effectively planning for and proactively mitigates risks on projects and work streams
Exceptional negotiation skills with complex/sophisticated situations involving senior level stakeholders
Able to develop credible recommendations under shortened time constraints and imperfect information
Quickly recognizes critical areas requiring analysis and review while understanding the big picture
Experience synthesizing complex unstructured information rapidly and applies good business judgment driving quickly to deep insights into possible impacts and solutions
Expert written communication skills, self-directed with preparation of client ready document and presentation development
Articulate, persuasive, communicator who is adept at handling executive and difficult audiences well including ability to adapt style to audience
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
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 $110,000 to $240,000; this range is not a promise of a particular wage.
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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 accommodations@ankura.com 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.
Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to conflict, crisis, performance, risk, strategy, and transformation. The Ankura team consists of more than 1,800 professionals serving 3,000+ clients across 55 countries who are leaders in their respective fields and areas of expertise. Collaborative Lateral Thinking That Deliversᵀᴹ, hard-earned experience, expertise, and multidisciplinary capabilities drive results and Ankura is unrivalled in its ability to assist clients to Protect, Create, and Recover Valueᵀᴹ. For more information, please visit, ankura.com.
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