Director, Restructuring

About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results‑oriented professionals in more than 40 countries. We take a hands‑on approach to solving our clients' problems and helping them reach their potential. Our culture celebrates independent thinkers and doers who 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 why our people love working at A&M.

Description

Restructuring Director, Alvarez & Marsal Dallas Office

This role leads a team overseeing a diverse range of projects involving turnaround management, restructuring, performance improvement, and corporate advisory services, helping underperforming businesses navigate their restructuring process and create lasting positive impact on organizations. You will advise on every aspect of the restructuring process—from strategy to cash conservation/liquidity management, to business plan development and implementation—to provide wide‑ranging experiences and projects. You will lead a team across all phases and aspects of financial and operational restructuring and turnaround initiatives for companies both in and out of bankruptcy or fiscal distress. You will oversee stabilizing core operations by formulating and managing turnaround plans and negotiating with senior management and other key stakeholders. Working day‑to‑day alongside our clients, you will develop an in‑depth understanding of the client’s processes, financial position, and key operational performance drivers. This understanding is needed to create and implement successful restructuring and turnaround initiatives.

The Team

You will be leading a team across all phases and aspects of financial and operational restructuring and turnaround initiatives, managing the team's day‑to‑day operations, ensuring plans, budgets, and schedules are adhered to, and acting as the point of contact for certain assigned workstreams within a client engagement.

How You Will Contribute

• Developing and executing restructuring and turnaround plans to improve an organization’s overall performance and enterprise value.
• Providing day‑to‑day team management to ensure plans, budgets, and schedules are adhered to.
• Acting as the point of contact for certain assigned workstreams within a client engagement.
• Performing and overseeing analysis on company business plans.
• Reviewing and presenting 13‑week cash flow and 3‑statement financial models to clients.
• Leading clients through various processes, including making working capital improvements, bankruptcy preparation, liquidation analysis, credit agreement negotiations, and claims processing.
• Assessing key business operational performance drivers.
• Developing and sensitizing business plans to aid management.
• Developing and reviewing cost reduction initiatives and execution milestones.
• Reviewing bankruptcy plans, strategies, disclosure statements, and 363 sales processes.
• Implementing cash conservation guidelines and controls.
• Training, mentoring, and performance evaluation of junior staff.

As a Restructuring Director, you will have the opportunity to gain invaluable experiences leading interesting and critical projects across industries and sectors. You will work alongside senior management and a team of experienced A&M professionals from a variety of backgrounds, handling pressure in stressful situations, prioritizing multiple work streams, and working in a fast‑paced, deeply collaborative team environment. You will build rapport and develop credible relationships with clients, legal counsel and investment bankers, and be relied on to proactively communicate with your team, external parties and client leadership.

Qualifications

• At least 10+ years of work experience in corporate restructuring, investment or commercial banking, and/or consulting or corporate positions with a financial or accounting focus, 5+ years of which is direct restructuring experience.
• BA/BS degree and/or MBA/MS in Accounting, Finance, or other related analytical and quantitative fields.
• Understanding of the fundamental aspects of a Chapter 11 proceeding.
• Professional certifications such as Certified Turnaround Professional (CTP), Certified Insolvency and Restructuring Advisor (CIRA), Certified Public Accountant (CPA), or Chartered Financial Analyst (CFA) preferred.
• Advanced Microsoft Excel, PowerPoint, and Word skills are a must.
• Ability to identify key operational performance drivers, cash flow forecasting, and flexibility to support clients with a broad array of issues.
• Prior proven experience leading and managing work streams and mentoring junior staff.
• Proven understanding of financial modeling and analysis.
• Demonstrated experience in developing a business plan.
• Excellent organizational and problem‑solving skills.
• Excellent verbal and written skills, with the ability to communicate with all levels of client personnel.
• Team player who can excel in a fast‑paced, entrepreneurial, challenging work environment.
• Ability to establish credibility and influence clients.
• Commitment to living and promoting A&M’s cultural values: integrity, leadership, objectivity, inclusive diversity, and fun.
• Willingness to travel 100%.

Your journey at A&M

We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person’s unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top‑notch training and on‑the‑job learning opportunities, you can acquire new skills and advance your career.

We prioritize your well‑being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high‑performing and passionate professionals.

Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings’ fringe benefits, which include healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined periodically as well as a 401(k) retirement savings plan. Provided the eligibility requirements are met, employees will also receive an annual discretionary contribution to their 401(k) retirement savings plan from Alvarez & Marsal. Additionally, employees are eligible for paid time off, including vacation, personal days, seventy‑two (72) hours of sick time (prorated for part‑time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type.

The salary range is $200,000 - $225,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.