Ankura is a team of excellence founded on innovation and growth.

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. Ankura’s 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 today’s 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 advisoryLiquidity managementFinancial modeling and forecastingOperational improvementStrategic business plan developmentManagement of communications with key stakeholders, including lenders, boards of directors, employees, investors, and creditor constituenciesCustomer and vendor managementNegotiation and dispute resolutionDebt and capital restructuringExpert witness testimonyDistressed and/or special situation M&A advisoryPost-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 generationBuilds analytical tools and financial analyses that show a proper understanding of competing needs (timing, flexibility, detail, risk) with limited directionIdentifies and articulates opportunities for more advanced analytic approaches outside of basic ExcelDrafts client ready data requestsManages administrative and organizational matters of engagementAssembles reports, graphs, and tables with limited guidancePresents work, as required, both internally and to clientsInterfaces directly with more senior clients to gather data and develop analyses in areas of responsibilityDemonstrates a basic understanding of credit agreement termsCalculates covenant complianceApplies common restructuring concepts apply to distressed situationsBeginning to identify potential issues related to complex accounting or financial concepts (taxes, impairments, pensions, currencies, etc.Prepares high level valuation, with guidanceUnderstands common bankruptcy terms and key provisions of the codeUnderstands principles of chapter 11, POR, and 363 saleUnderstands key activities of bankruptcy preparationMentors 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 firmAn undergraduate degree from a top academic institution with a strong GPAAdvanced degree(s) and applicable professional certification(s) are preferred (CFA, CIRA, CPA)Restructuring experience requiredExperience with financial modeling including 3 statement analysis and 13-week cash flow modelsAbility and willingness to undertake extensive travel is requiredWillingness to work at times, long hours during the week and on weekends due to client demands may be necessaryExperience with analytical tools and financial analyses that show a proper understanding of competing needs (timing, flexibility, detail, risk) with limited directionIdentifies and articulates opportunities for more advanced analytic approaches outside of basic ExcelDemonstrates ability to contribute to identification of key issuesAble to understand concepts of data patterns and trendsExhibits critical thinking and problem-solving capabilityDemonstrates 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.

#LI-Hybrid

#LI-MJ1

*

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.