Director, CRO Services & Operational Restructuring

Director, CRO Services & Operational RestructuringAlvarez & MarsalLondonAlvarez & Marsal ("A&M") is a global consulting firm with more than $1.7+ billion in revenues, over 5,000 staff and 60 offices around the globe and a broad range of professional services including Financial & Operational Restructuring, Debt Advisory, Transaction Advisory, Performance Improvement, Corporate Transformation, Financial Institutions Advisory, Tax, Valuations and Disputes and Investigation Services.Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) for leadership, action and results.As the world's largest Turnaround and Crisis management firm, with a market leading practice in Financial & Operational Restructuring, we are here for our clients to help them deal with the consequences of Covid 19.

Alvarez & Marsal offers critical assistance to companies that are under-performing or experiencing a full-blown liquidity crisis. Working directly with company management, Alvarez & Marsal helps stabilise financial and operational performance by developing and implementing comprehensive profitability and working capital improvements. Alvarez & Marsal's involvement reassures creditors that the company is taking important steps to address its problems and maximise its value.This is a fantastic opportunity to join Alvarez & Marsal's established CRO Services & Operational Restructuring business as a Director.We work with multi-national companies, high profile investment banks and Global and European private equity houses and their portfolio companies.The A&M European CRO Services & Operational Restructuring team has focused on big ticket company side financial and operational restructuring assignments in addition to CRO/CEO/ CFO appointments and, within the last few years, we have delivered on some of Europe's largest restructuring cases such as Abengoa, Edcon, Toys R' US, Nyrstar, Seadrill,

Intertoys, Debenhams and Isolux.The successful candidate will;Have extensive experience in Company side RestructuringBe adept at building 13-week cash flow forecastsHave a firm understanding of liquidity management, including the impact of riskPossess a strong financial skill set including an understanding of P&L and asset efficiency (working capital) performance improvement processesHave a very strong financial modelling skill set including assessing long-term company viability, as well as understanding and applying valuation methods in a restructuring contextKnowledge of Insolvency regimes and Labour Council negotiations is usefulA successful Restructuring Director will be experienced in addressing businesses critical issues at speed and will reflect the operational distinctiveness that is A&M;a business savvy, outcome focused business entrepreneur who is addicted to making an impact, determined to make a difference and not afraid to challenge the status-quo.Examples of projects include:Financial and Operational RestructuringCorporate Turnaround projectsBalance Sheet RestructuringAsset SalesCash & liquidity management and forecastingCross-border wind-downsPreparation and validation of business plans for company management teamsIndependent business reviewsShort term cash flow forecasting frameworksStakeholder reporting on PMO cost saving initiativesIn addition, the successful candidate will also possess excellent negotiating skills, ideally gained in an operational restructuring environment, whether in the context of negotiating with banks, closure of an entity/divestment of assets, commercial / supplier agreements, or dealing with management teams or trade unions. The ability to engage with ambitious deadlines under possible ambiguity is key, whilst mobilizing ones self and the team towards productive outcomes.Ideally, a Director will be able to successfully identify client needs and win client trust. Ultimately, the successful appointee will be recognized by the client as the lead for value contributed on engagements and therefore build his/her own credible network of contacts and referral sources with clients, professionals and institutions.The ideal applicant will possess:Experience gained with the Corporate Recovery / Restructuring practice of a 'Big 4' firms or a leading Advisory firm dealing with turnaround projectsACA / ACCA qualification is preferable with a robust understanding of financial and analytical accounting (ratio analysis)Hands on experienced of working with operational and finance teams within large distressed organisations (the blend of industry and professional services experience is important for success in this role)The ability to conduct an initial rapid diagnostic into the company's immediate and future cash needs, product profitability, cost base, major operational issues, market position and options for restructuring

Experience in Turnaround Management, including business plan development, financial projections development & review, designing and implementing cash conservation guidelines and controlsExperience in building 13 week cash flows, integrated financial models, business plan modelling and strong Excel/PowerPoint skillsDemonstrable experience of delivering complex projects and exceptional stakeholder managementA strong desire to build on their existing skill set and develop knowledge of all restructuring offeringsFluency in or native English is essential and other European languages are highly desirableA&M delivers tangible results for corporates, boards, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders, and their teams help companies act decisively, catapult growth and accelerate results. We are experienced operators, world-class consultants, former regulators and industry authorities with a shared commitment to telling clients what's really needed for turning change into a strategic business asset, managing risk and unlocking value at every stage of growth.Diversity & InclusionA&M's entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity and we foster inclusiveness. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.Voluntary InclusionIt is Alvarez & Marsal's policy to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, sex, sexual orientation, family medical history or genetic information, political affiliation, military service, pregnancy, marital status, family status, religion, national origin, age or disability or any other non-merit based factor in accordance with all applicable laws and regulations.Unsolicited Resumes from Third-Party RecruitersPlease note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters were engaged to provide candidates for a specified opening. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. Full time