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Ankura Turnaround & Restructuring Practice Overview

An underperforming or distressed company can often face tight liquidity constraints, unprofitable business units, and adverse industry conditions. Ankura advisors partner with senior management to assess the situation and quickly develop and implement a strategic plan that addresses multiple aspects of the business and the restructuring. Ankuras team provides strategic and financial advice to companies, boards, and investors. Our consultants bring critical problem-solving skills to every engagement, thereby delivering innovative and practical solutions that can be executed in todays marketplace. With a consistent process-driven approach aimed to stabilize, rehabilitate, and restructure the situation, Ankura experts bring a level of stability to unstable situations, allowing for successful resolutions focused on creating value and maximizing recoveries among stakeholders. Our firm specializes in the following company advisory services:

In-court and out-of-court restructuring advisory

Liquidity management

Financial modeling and forecasting

Operational improvement

Strategic business plan development

Management of communications with key stakeholders, including lenders, boards of directors, employees, investors, and creditor constituencies

Customer and vendor management

Negotiation and dispute resolution

Debt and capital restructuring

Expert witness testimony

Distressed and/or special situation M&A advisory

Post-transaction business stabilization

The ideal candidate is based in New York City, Chicago, or Dallas but there is potential for other locations.

Ankura Turnaround & Restructuring Senior Associate Responsibilities

Independently structures basic issue analyses contributes to hypothesis generation

Builds analytical tools and financial analyses that show a proper understanding of competing needs (timing, flexibility, detail, risk) with limited direction

Identifies and articulates opportunities for more advanced analytic approaches outside of basic Excel

Drafts client ready data requests

Manages administrative and organizational matters of engagement

Assembles reports, graphs, and tables with limited guidance

Presents work, as required, both internally and to clients

Interfaces directly with more senior clients to gather data and develop analyses in areas of responsibility

Demonstrates a basic understanding of credit agreement terms

Calculates covenant compliance

Applies common restructuring concepts apply to distressed situations

Beginning to identify potential issues related to complex accounting or financial concepts (taxes, impairments, pensions, currencies, etc.

Prepares high level valuation, with guidance

Understands common bankruptcy terms and key provisions of the code

Understands principles of chapter 11, POR, and 363 sale

Understands key activities of bankruptcy preparation

Mentors Associates when appropriate including review of work product and recommendations for improvements

Requirements:

Minimum of 2 years of relevant experience with a top tier restructuring 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 required

Experience with financial modeling including 3 statement analysis and 13-week cash flow models

Ability and willingness to undertake extensive travel is required

Willingness to work at times, long hours during the week and on weekends due to client demands may be necessary

Experience with analytical tools and financial analyses that show a proper understanding of competing needs (timing, flexibility, detail, risk) with limited direction

Identifies and articulates opportunities for more advanced analytic approaches outside of basic Excel

Demonstrates ability to contribute to identification of key issues

Able to understand concepts of data patterns and trends

Exhibits critical thinking and problem-solving capability

Demonstrates ability to synthesize analysis and draw conclusions

For individuals assigned and/or hired to work in California, Colorado, or New York, Ankura is required to include a reasonable estimate of the compensation range for this role. This compensation range is specific to the said markets and considers a broad range of factors including but not limited to skill sets, experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. The range does not include additional benefits outside of salary. At Ankura, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each role. A reasonable estimate of the current base pay range is between $65,000 to $155,000; this range is not a promise of a particular wage.

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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. Equal Employment Opportunity Posters, if you have a disability and believe you need a reasonable accommodation to search for a job opening, submit an online application, or participate in an interview/assessment, please email accommodations@ankura.com or call toll-free 1.312-583-2122. This email and phone number are created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be returned. Messages left for other purposes, such as following up on an application or technical issues unrelated to a disability, will not receive a response.

Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to conflict, crisis, performance, risk, strategy, and transformation. The Ankura team consists of more than 1,800 professionals serving 3,000 clients across 55 countries who are leaders in their respective fields and areas of expertise. Collaborative Lateral Thinking That Delivers??, hard-earned experience, expertise, and multidisciplinary capabilities drive results and Ankura is unrivalled in its ability to assist clients to Protect, Create, and Recover Value??. For more information, please visit, ankura.com.