Director, Turnaround & Restructuring

Practice Overview

Ankura provides strategic and financial advice to companies, boards, and investors. We partner with senior management to assess distressed situations and quickly develop and implement strategic plans that address multiple aspects of the business. Our approach is process‑driven, aimed at stabilizing, rehabilitating, and restructuring the situation so that stakeholders can create value and maximize recoveries.

Role Overview

We are currently recruiting a Director to join our Turnaround & Restructuring (T&R) team. This role could be located in New York, Dallas, or Chicago with potential for other locations.

Responsibilities

• Critique and provide guidance on complex analyses
• Independently identify patterns in complex data and drive hypotheses
• Independently develop an understanding of analytic tools including and outside of Excel, working directly with the client to obtain relevant data
• Independently disaggregate complex problems into simpler parts
• Actively challenge assumptions and hypotheses
• Understand complex corporate finance and accounting concepts
• Analyze risks to existing or proposed covenant packages
• Demonstrate clear understanding of different credit products
• Understand various restructuring concepts informed by engagement experience and clearly articulate those views to others
• Drive the team to develop an understanding of analytic tools including and outside of Excel
• Have an experienced/informed view on how to approach building common Excel‑based analyses (cash‑flow forecast, financial statement model)
• Understand key elements of bankruptcy case management
• Help set priorities across multiple work streams
• Coordinate with the team on schedules to meet agreed upon deadlines
• Identify key milestones and manage accordingly
• Directly manage the work of Associates and Senior Associates
• Lay out an effective approach to a presentation with guidance from more senior teammates
• Prepare full decks and present sections of a report both internally and to clients
• Present effectively to C‑Suite level clients and other professionals regarding basic and moderately complex analyses/issues
• Handle client interactions at multiple levels
• Provide guidance and feedback to early career professionals
• Maintain constant communication with senior professionals to ensure coordination of activities and manage expectations

Requirements

• Minimum of five years of relevant experience with a top‑tier management consulting firm
• An undergraduate degree from a top academic institution with a strong GPA
• Advanced degree(s) and applicable professional certification(s) are preferred (CFA, CIRA, CPA)
• Restructuring experience preferred and/or relevant financial consulting experience including M&A transaction advisory and/or investment banking
• Ability and willingness to undertake extensive travel
• Willingness to work long hours during the week and on weekends due to client demands
• Experience with analytical tools and financial analyses that demonstrate an understanding of competing needs (timing, flexibility, detail, risk) with limited direction
• Experience with financial modeling preferably with three‑statement analysis and/or thirteen‑week cash‑flow models
• Identify and articulate opportunities for more advanced analytic approaches outside of basic Excel
• Demonstrate ability to contribute to identification of key issues
• Understand concepts of data patterns and trends
• Exhibit critical thinking and problem‑solving capability
• Demonstrate ability to synthesize analysis and draw conclusions

Compensation

For individuals assigned to locations in California, Colorado, or New York, a reasonable estimate of the base pay range for this role is between $85,000 and $200,000. This range is an estimate and is not a promise of a particular wage. Additional benefits beyond salary are not included in this range.

Equal Opportunity

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. For individuals with disabilities who require reasonable accommodations to apply, submit online, or participate in an interview, please email or call toll‑free +1.312‑583‑2122.