AlixPartners
Turnaround & Restructuring Director
AlixPartners, Chicago, Illinois, United States, 60290
At AlixPartners, we solve the most complex and critical challenges by moving quickly from analysis to action when it really matters; creating value that has a lasting impact on companies, their people, and the communities they serve. By understanding, respecting, and honoring the needs of our employees, clients, and communities, AlixPartners actively promotes an inclusive environment. We strongly believe in the value that diversity brings to our experiences and are committed to the perpetual enhancements of initiatives, policies, and practices. We hold ourselves accountable by providing the space for authenticity, growth, and equity for everyone.
AlixPartners has embraced a hybrid work model to provide flexibility and support our employees' work-life integration. Our hybrid model combines a mix of in-person (at client site or AlixPartners office) and remote working. Travel is part of this position, but the frequency may vary based on client, team, and individual circumstances.
What you'll doWith a team of the most respected turnaround professionals in the industry, AlixPartners is widely recognized for its long and successful record in helping companies resolve urgent situations and implement rapid change.
The TRS Director role is an experienced senior level position that leads and manages client engagement team(s). A TRS Director will have direct restructuring advisory experience with top tier consulting firms and/or CEO/CFO experience with a large global organization(s) that underwent a major restructuring. TRS Directors have strong financial and analytical skills and are able to quickly define, align, and scale the data gathering and assessment based on client needs. Strong interpersonal and communication skills and executive presence are essential with the ability to lead clients and engagement teams through challenging turnaround and restructuring situations. Ability and willingness to undertake extensive travel is required. At times, long hours during the week and on weekends, due to client demands, may be necessary.
What you'll needMinimum 8-12 years of relevant Chapter 11 bankruptcy and restructuring / distressed experience in a professional service firm environment, including assignments on behalf of companies, lenders, and creditors.Prior hands-on experience building / developing / overseeing integrated 3-statement financial and 13-week cash flow models.Analytical, adept at quickly defining, aligning, scaling, and assessing data. Ensures 80/20 approach to rapidly draw conclusions. Skilled at quickly identifying anomalies, inconsistencies, patterns, and conclusions.Consistent track record of successfully structuring and leading client engagements that achieved desired results, often exceeding client expectations.Experience with development and maintenance of client relationships and pursuit of new engagements, including client outreach and development of pitch materials.Strong commercial instincts and interest.High energy style, flexible and adaptive, with the ability to work well in a very fast-paced environment.Understanding and ability to adapt to complex client environments and situations.Experience negotiating in complex situations involving senior level stakeholders.Able to develop credible recommendations under shortened time constraints and imperfect information.A 'big picture point of view', recognizing critical areas requiring analysis and review. Quickly structures approaches to solve complex problems. Balanced and flexible, anticipates and changes direction as necessary.Experience synthesizing complex unstructured information rapidly and applies good business judgment driving quickly to deep insights into possible impacts and solutions.Experience delivering innovative solutions with the development of new tools, methodologies, and approaches.Proven track record of effectively planning for and proactively mitigating risks on projects and work streams.Demonstrated ability to consistently extend work for him/herself and other team members on client projects. Identifies and cultivates new opportunities.Expert spoken and written communication skills in English, self-directed with preparation of client-ready documents and presentation development.Articulate, persuasive communicator. Readily adapts style and message appropriately to audience and circumstance.Engenders client confidence and trust and builds counseling relationships with clients and peers.Effective mentor to team members with an interest in their career progression.Advanced proficiency with Microsoft Word, PowerPoint, and Excel.An undergraduate degree from a top academic institution.Advanced degree and/or professional certification, including MBA, JD, or CPA, is preferred.Willingness to work outside of normal U.S. business hours, and in particular as unique projects/needs arise.Ability to work full time in an office and remote environment; physically able to sit/stand at a computer and work in front of a computer screen for significant portions of the workday.Must become familiar with, and promote and abide by, our Core Values as defined by the AlixPartners' Code of Conduct and foster an inclusive environment with people at all levels of an organization.
The firm offers a comprehensive benefits program including health, vision, dental, disability, 401K, tuition reimbursement, identity theft protection, and mental wellness support. Employees will also receive a generous paid leave policy.
The salary range for this role takes into account a number of factors and is between $180,000/year - $400,000/year with potential eligibility for annual discretionary bonus.
AlixPartners is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability. AlixPartners is a proud Silver award-winning Veteran Friendly Employer.
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AlixPartners has embraced a hybrid work model to provide flexibility and support our employees' work-life integration. Our hybrid model combines a mix of in-person (at client site or AlixPartners office) and remote working. Travel is part of this position, but the frequency may vary based on client, team, and individual circumstances.
What you'll doWith a team of the most respected turnaround professionals in the industry, AlixPartners is widely recognized for its long and successful record in helping companies resolve urgent situations and implement rapid change.
The TRS Director role is an experienced senior level position that leads and manages client engagement team(s). A TRS Director will have direct restructuring advisory experience with top tier consulting firms and/or CEO/CFO experience with a large global organization(s) that underwent a major restructuring. TRS Directors have strong financial and analytical skills and are able to quickly define, align, and scale the data gathering and assessment based on client needs. Strong interpersonal and communication skills and executive presence are essential with the ability to lead clients and engagement teams through challenging turnaround and restructuring situations. Ability and willingness to undertake extensive travel is required. At times, long hours during the week and on weekends, due to client demands, may be necessary.
What you'll needMinimum 8-12 years of relevant Chapter 11 bankruptcy and restructuring / distressed experience in a professional service firm environment, including assignments on behalf of companies, lenders, and creditors.Prior hands-on experience building / developing / overseeing integrated 3-statement financial and 13-week cash flow models.Analytical, adept at quickly defining, aligning, scaling, and assessing data. Ensures 80/20 approach to rapidly draw conclusions. Skilled at quickly identifying anomalies, inconsistencies, patterns, and conclusions.Consistent track record of successfully structuring and leading client engagements that achieved desired results, often exceeding client expectations.Experience with development and maintenance of client relationships and pursuit of new engagements, including client outreach and development of pitch materials.Strong commercial instincts and interest.High energy style, flexible and adaptive, with the ability to work well in a very fast-paced environment.Understanding and ability to adapt to complex client environments and situations.Experience negotiating in complex situations involving senior level stakeholders.Able to develop credible recommendations under shortened time constraints and imperfect information.A 'big picture point of view', recognizing critical areas requiring analysis and review. Quickly structures approaches to solve complex problems. Balanced and flexible, anticipates and changes direction as necessary.Experience synthesizing complex unstructured information rapidly and applies good business judgment driving quickly to deep insights into possible impacts and solutions.Experience delivering innovative solutions with the development of new tools, methodologies, and approaches.Proven track record of effectively planning for and proactively mitigating risks on projects and work streams.Demonstrated ability to consistently extend work for him/herself and other team members on client projects. Identifies and cultivates new opportunities.Expert spoken and written communication skills in English, self-directed with preparation of client-ready documents and presentation development.Articulate, persuasive communicator. Readily adapts style and message appropriately to audience and circumstance.Engenders client confidence and trust and builds counseling relationships with clients and peers.Effective mentor to team members with an interest in their career progression.Advanced proficiency with Microsoft Word, PowerPoint, and Excel.An undergraduate degree from a top academic institution.Advanced degree and/or professional certification, including MBA, JD, or CPA, is preferred.Willingness to work outside of normal U.S. business hours, and in particular as unique projects/needs arise.Ability to work full time in an office and remote environment; physically able to sit/stand at a computer and work in front of a computer screen for significant portions of the workday.Must become familiar with, and promote and abide by, our Core Values as defined by the AlixPartners' Code of Conduct and foster an inclusive environment with people at all levels of an organization.
The firm offers a comprehensive benefits program including health, vision, dental, disability, 401K, tuition reimbursement, identity theft protection, and mental wellness support. Employees will also receive a generous paid leave policy.
The salary range for this role takes into account a number of factors and is between $180,000/year - $400,000/year with potential eligibility for annual discretionary bonus.
AlixPartners is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability. AlixPartners is a proud Silver award-winning Veteran Friendly Employer.
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