Turnaround- Managing Director
Our client is highly entrepreneurial Turnaround & Restructuring Firm. They focus on debtor and lender side advisory across the MM. They are looking for a seasoned Managing Director to lead cases.
The Managing Director role is a client delivery leadership position that presents a unique opportunity for highly skilled professionals with a proven track record. The Managing Director role will focus on leading cases and projects with little to no oversight, manage and upskill junior talent, and oversee all outgoing client materials- there is no requirement for revenue generation at this time, just a true lead executor with bankruptcy reps. existing client relationships as well as ensuring all aspects of strategic, operational and financial engagements are delivered with the highest quality standards and impact.
Responsibilities
- Work directly with junior and mid-level staff and clients to develop comprehensive solutions to complex operational and financial challenges across the business lifecycle including activities such as: formulating and implementing value creation, business transformation and performance improvement plans, contingency planning and bankruptcy prep and execution
- Assess organizational structures and effectiveness
- Lead liquidity management (13-week cash flow forecasting, treasury operations and stakeholder communications), case administration (filing preparation, bankruptcy reporting, claims support and plan support) and supporting the development and formulation of business / restructuring plans
- Identify and re-allocate resources to operational, growth, financial and strategic initiatives
- Develop detailed financial projections and business plans
- Lead preparation of executive reporting packages and overseeing all final work product produced by junior talent
- Structure and incorporate streamlined financial and operational processes to improve efficiencies
- Present KPIs, financial performance, budget, board of director presentations, stakeholder presentations
- Lead various operational, financial and management meetings as well as key constituent communications / negotiations
- Advise clients and makes decisions that demonstrate expertise, synthesizing the core drivers of both the clients' business, situational analyses and the underlying complexity of the situation to maximize value
- Provide professional development coaching to junior team members
- Share and manage best practices and oversee work product creation to ensure it is of top quality
- Contribute to creating a high-performing and inclusive culture
Qualifications
- Ability to run entire T&R project, including bankruptcy, with little to no oversight
- 12-20 years of T&R experience
- Repetitions with leading Bankruptcy preparation and execution
- Full mastery in financial modeling (building 3 statement models from scratch, 13 week cash flows, etc.)
- Ability to lead and upskill teams
- Ability to create, and lead the creation of, polished and professional work product
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