What are the responsibilities and job description for the Consultant, Hospitals & Health Systems position at Alvarez & Marsal?
Description
About Alvarez & Marsal
Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching 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.
The Team
The Healthcare Industry Group, a subsidiary of A&M, leads transformational change in healthcare. As an established leader, we deliver results for healthcare executives, boards, private equity firms, investors, law firms, and government agencies. Our experts advise on financial and operational performance, strategic growth, and value optimization throughout the investment lifecycle.
We offer specialized services in interim management, restructuring, revenue cycle management, M&A, compliance, digital technology, and analytics. Our team works with a broad range of clients, including health systems, physician groups, medical schools, behavioral health institutes, managed care organizations, healthcare investors, medical device companies, and suppliers, as well as vision centers, dental practices, and laboratories.
How You Will Contribute
As a Consultant you will be working closely with healthcare clients on a range of complex assignments. You will work in a team environment while using your independent judgment and critical thinking skills to provide practical solutions and add value for our clients. The position is a unique opportunity to develop and grow key skills in the diverse and ever-changing Healthcare Industry. This role requires a flexible clear thinker with an aptitude for design and an eye for “zero-defect” work. While this role is primarily client-facing and operational, the Associate will also be expected to support marketing, R&D, and additional roles as determined by client and/or internal practice needs. Depending on the client project the responsibilities of an Associate may typically include:
Qualifications
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.
The salary range is $90,000 - $115,000 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.
Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings’ fringe benefits consisting of 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. Click here for more information regarding A&M’s benefits programs.
Alvarez & Marsal recruits on an ongoing basis. Candidates are considered as they apply, until the opportunity is filled. Candidates are encouraged to apply expeditiously to any role(s) that they are qualified for and that are of interest to them.
Diversity & Inclusion
A&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, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.
Equal Opportunity Employer
It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M policy statements and additional information by region here.
Unsolicited Resumes from Third-Party Recruiters
Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening and in alignment with our Inclusive Diversity values. 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.
About Alvarez & Marsal
Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching 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.
The Team
The Healthcare Industry Group, a subsidiary of A&M, leads transformational change in healthcare. As an established leader, we deliver results for healthcare executives, boards, private equity firms, investors, law firms, and government agencies. Our experts advise on financial and operational performance, strategic growth, and value optimization throughout the investment lifecycle.
We offer specialized services in interim management, restructuring, revenue cycle management, M&A, compliance, digital technology, and analytics. Our team works with a broad range of clients, including health systems, physician groups, medical schools, behavioral health institutes, managed care organizations, healthcare investors, medical device companies, and suppliers, as well as vision centers, dental practices, and laboratories.
How You Will Contribute
As a Consultant you will be working closely with healthcare clients on a range of complex assignments. You will work in a team environment while using your independent judgment and critical thinking skills to provide practical solutions and add value for our clients. The position is a unique opportunity to develop and grow key skills in the diverse and ever-changing Healthcare Industry. This role requires a flexible clear thinker with an aptitude for design and an eye for “zero-defect” work. While this role is primarily client-facing and operational, the Associate will also be expected to support marketing, R&D, and additional roles as determined by client and/or internal practice needs. Depending on the client project the responsibilities of an Associate may typically include:
- Build and maintain financial and operational models to assess and monitor client performance.
- Develop cash flow forecasts, analyze liquidity positions, and support clients in managing their short-term and long-term financial resources.
- Support the planning and structuring of financial transactions, including debt and equity financings, mergers and acquisitions, and other strategic initiatives.
- Conduct internal and external benchmarking analyses, gathering and analyzing data to identify performance gaps and best practices.
- Map out client processes, contribute to project planning, and provide ongoing support for both client engagements and internal A&M initiatives.
- Calculate operating losses, project potential cost savings, and quantify the financial impact of proposed performance improvement initiatives.
- Perform detailed analyses of operational and financial data and develop clear, concise reports and client-ready deliverables, ensuring accuracy and attention to detail.
- Conduct operational data analysis to support the development of key performance indicators (KPIs) and metrics, contributing to client performance management frameworks.
- Participate in client interviews, effectively capturing key information, documenting actionable items, and contributing to client understanding.
- Evaluate client business operations, identify areas for improvement, and support the implementation of performance improvement initiatives.
- Prepare client-ready presentations and contribute to the delivery of presentations to client teams.
- Conduct healthcare industry research and contribute to the development of presentations, pitch materials, and proposal content, staying informed of industry trends and best practices.
Qualifications
- A minimum of three (3) years of prior work experience in healthcare, including but not limited to consulting or healthcare industry such as healthcare banking, accounting, audit, private equity, managed care, health plans or healthcare operations.
- BA/BS degree and/or MBA/MS in Accounting, Finance, or other related healthcare fields such as MHA or MPH.
- Professional certifications such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or demonstrated progress toward such certifications are a plus.
- A strong understanding of accounting and finance including the ability to review and understand financial statements and disclosures; exposure to debt and equity transactions is a plus.
- Working knowledge of the healthcare industry preferred.
- Strong Microsoft Excel and modeling skills including the ability to prepare and maintain financial and operational models.
- Advanced Microsoft PowerPoint and Word skills is a must; experience with Tableau, SQL, Power BI, healthcare operational benchmarking, MGMA survey data is a plus.
- Ability to conduct operational data analysis and synthesize information to assist in the development of reports and KPI metrics.
- Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel.
- Solid project management and organizational skills.
- Willingness and ability to travel as required.
- High energy and self-driven individuals with a passion for healthcare and solving complex issues.
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.
The salary range is $90,000 - $115,000 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.
Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings’ fringe benefits consisting of 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. Click here for more information regarding A&M’s benefits programs.
Alvarez & Marsal recruits on an ongoing basis. Candidates are considered as they apply, until the opportunity is filled. Candidates are encouraged to apply expeditiously to any role(s) that they are qualified for and that are of interest to them.
Diversity & Inclusion
A&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, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.
Equal Opportunity Employer
It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M policy statements and additional information by region here.
Unsolicited Resumes from Third-Party Recruiters
Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening and in alignment with our Inclusive Diversity values. 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.
Salary : $90,000 - $115,000
