restructuring consulting

OUR TEAM OF EXPERIENCED CONSULTANTS HAS WORKED IN MANY RESTRUCTURING ROLES WITH A VARIETY OF COMPANIES AND ASSIGNMENTS. I didn’t want to be on the retail side of financial sales forever, so I went back to school for a Master’s in Finance degree and then won an internal strategy role at a Fortune 500 retailer. Enter the email address associated with your account, and we will email you instructions for re-setting your password. When the situation worsened, the company hired a restructuring consulting firm. Name * Email * The CRO and consulting firm provided a range of services to the company, including developing cash flow and borrowing base projections, advising on secured lender issues, improving working capital, and implementing operating cost reductions. In other cases, restructuring consultants support the dismantling or sale of (parts of) the business, as part of a renewed strategy. Supporting Start-Ups. Mac Restructuring Advisors is a leading national consulting firm comprised of experienced finance professionals. Which role could be more meaningful/helpful if my ultimate goal is to break into PE? There are over 100 turnaround restructuring consulting firm careers . © document.write(new Date().getFullYear()); AlixPartners, LLP. In a typical engagement, a retailer might file for Chapter 11 bankruptcy because creditors are pressing the company or because it has a liquidity crunch and can’t pay for upcoming obligations. If rescuing distressed companies sounds like fun to you, A&M may . Our ongoing study of reveals distinct behavioral dimensions that consumer companies must consider. You had mentioned earlier that the hours were quite bad. Mergers and restructuring. I was wondering what are the exit opportunities like for debt advisory and restructuring and what is the difference between the skills gained in M&A vs Restructuring? Bankers then take the valuation and pitch the company to potential buyers using different transaction structures. Chief Restructuring Officer Panel with AEG on June 29. Focus is primarily RX (not all the other random ass services they provide). The Restructuring Services business of Deloitte UK, comprising more than 250 people including 27 partners, will add specialist expertise in distressed restructuring and insolvency to Teneo's existing advisory capabilities in management consulting, risk, strategic communications, public affairs, investor relations consulting, capital advice . For example, most traditional management consulting shops will have a RX team of some kind, but they generally tend to be far down on the league tables. If you’re working significantly less than that, all-in compensation might be closer to $140K. But she recently completed 19 years at AlixPartners, the latest one as a managing director here. By helping to guide the business out of harm's way . Found inside – Page 106First, foreign investment banks, consulting firms, law firms, and accounting firms dominated the businesses related to restructuring such as advisory ... So if you’ll get better deal experience and networking, you should take the Big 4 restructuring role. I am young M&A professional working in a CEE country at one of a Big 4 with 2,5 years working in this field right after my graduation. Capability development. Our team has several consultants that are experienced in financial and operational restructuring. If they like you, they might offer you a job on the spot. Found insideIndeed, the consulting and auditing businesses are quite different, ... the best consultants simply try to keep their clients happy in the hopes of earning ... 281.378.1350. But this guy said he had seen people move to Restructuring Groups at Banks – Including the likes of Rothschild and other elite boutiques, while you said it would be unlikely? Half of all global consumers say their spending habits have changed permanently due to the pandemic. Restructuring charges are considered as non-operating charges as it is not considered under operating charges and is very infrequent. A: As with all consulting roles, I may be either assigned to a client or “on the beach.”. “Is it possible if I spend a few years at my boutique advisory firm, I could switch into a restructuring banking role as a VP?” – The “as a VP” is the unlikely part. Brian- I’ll be heading to my Superday at one of the top restructuring consulting firms later this week. Thanks for your reply Brian! Found inside – Page 36Sector restructuring Over the past decade , sector restructuring has been ... between management and IT consulting , especially in large consulting firms . Can “lost-cause” stores be closed and their mall leases negotiated for early termination? Found insideA French firm, Bossard Consulting, worked at Polfa for two months, ... The consultants prepared an organizational format and a timetable for restructuring. When I’m assigned to a client, I spend a good portion of my day on modeling work, but there are other tasks as well. Found inside – Page 323Over the past 14 years he has provided restructuring advisory services to ... and Manzo legacy practice of FTI Consulting from 1999 to January 2004. Found inside – Page 156These basic analyses provide the restructuring consultant with most of the information required to pose a preliminary diagnostic and draw a temporary ... A once-growing national retailer hired a restructuring firm to help reverse rapidly declining profits, reduce debt obligations, and find solutions to cut the number of underperforming stores. Strategic Restructuring Presentation. Found inside – Page 118A new consulting segment was born in the mid-1990s as firms began seeking management consulting advice to capitalize on the new business opportunities made ... That job turned into a finance/M&A role because the retailer was contemplating a large acquisition at the time. 3 FTI Consulting Restructuring Consultant interview questions and 2 interview reviews. Organizational restructuring strategies are often needed with changes in the size, scale, nature, and environment of the business. Restructuring consultants and anyone with a distressed debt background could also potentially get in. A: My pleasure. Found inside – Page 198... consulting was intimately linked to the rise of corporate restructuring . Internal reorganization , especially downsizing restructuring , often resulted ... It also recommended the company split the hospital and remaining long-term care components of its business into two separate corporations. I’m not especially interested in staying here for the long term because it’s easy to get “trapped” at the Project/Engagement Manager level: You’re good at executing client engagements, but you can’t win enough new business to make it to the Partner level. You’d never be able to get away with that in IB unless it’s at a closing dinner. Restructuring Consulting Senior Manager. Typically, we’ll go on-site to the client, and 5-8 of us will sit around in a conference room for most of the day trading ideas and working with management. Found inside – Page 48The management consulting task, on the other hand, is project-based and more cyclical than regular. Assignments are often short-term. AlixPartners is a results-driven management consulting firm. We’ll then create new projections based on 650 stores and use these new projections to negotiate a Debtor-in-Possession (DIP) loan. A: They asked a lot of nitty-gritty accounting questions on standards for revenue and expense recognition and how items like stock-based compensation worked. Restructuring your company could restore its viability and improve its liquidity position. Found inside – Page 229... or crisis managers from operations management consultants, (3) restructuring consultants from traditional accounting firms and (4) asset-backed lenders. Rethink. long story short, it sounds interesting but the obvious risk is that the company could go bankrupt if all goes badly. When I’m “on the beach,” the hours are much better: I might arrive at 9 AM and leave at 6-7 PM, and no one says anything, especially since I’m now “Lower Management” (The hierarchy is Analyst, Consultant, and Senior Consultant). Get in touch with our team of corporate restructuring experts to schedule an appointment and learn how we can help you. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, protected veteran status, or any other characteristic protected under federal, state or local law, where applicable, and those with criminal histories . Found inside – Page 52These are centred in a client consultant and his or her account as well as an associated technical and creative organizational unit consisting of a ... You also expense all your meals and daily spending, so you can save a lot of money when you’re on the road. Found inside – Page 54Source : Boston Consulting Group , Polish Textile Industry Restructuring , 1991 , and discussions with various experts . B. Marketing and Distribution ... Freelance Restructuring Consultant. Of course, we’re not necessarily “on the beach” that much: In my last team, three members hadn’t had a week off in over a year. *Registered Name: AlixPartners UK LLP | Registered Address: 6 New Street Square London, EC4A 3BF United Kingdom | Registration Number: OC360308 | Place of Registration: England & Wales, It's how we do it that makes the difference, When a PE firm needed help returning a portco to its glory days, AlixPartners changing consumer priorities study, Non-traditional career paths in management consulting, Balancing a growth career and active personal life. Your information will not be shared. Not saying it’s the only way to get in, but, realistically, you need some type of transaction experience to have a good shot. Pilar Tarry grew up surrounded by books, thinking she’d make a career in academia. Most people get into our team from one of these backgrounds: We also accept around 30 interns per year across all our offices, and many of these interns win full-time return offers. Restructuring will not be that useful for corporate development roles because large public companies rarely acquired distressed companies or assets, and the credit work is limited to financing for deals, not changing around companies’ capital structures. Fiduciary Services. One of the firm's top consultants was appointed to serve as the company's chief restructuring officer (CRO) and worked in tandem with its legal team to identify alternate strategies for either a Chapter 11 or non-bankruptcy sale process. Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. And is RX consulting not RX banking focused. Can I kindly ask for your opinion regarding my current situation? assists middle-market companies and their stakeholders in distressed situations. Despite finding success quickly, Pilar Tarry’s career progression was not completely linear—by design. Some engagements can go on for well over a year, though. Q: That is pretty nice; I tend to collect points from credit cards and then never use them. The company is registered at the Trade register at the local court of Cologne with the legal form of Private limited company (number HRB 87999). And if you don’t get into one of those groups as an intern, turnaround consulting is often your best path in. But that might not be a great idea if you’re interested in restructuring and distressed M&A – it’s one field where a consulting background can give you an advantage. At the moment I am in talks with other Big 4 for joining their CEE restructuring team. Furthermore, the project resulted in a finished go-to-market concept and the establishment of a new social structure. 59 Turnaround & Restructuring Consulting Firm jobs available on Indeed.com. Found inside – Page 1In addition to the company management, liability risks can also arise for restructuring consultants in the crisis of the company being advised. Restructuring Consulting Firms Like with restructuring investment banking, there are some large restructuring consulting shops and then a number of smaller ones. Great information! Valuation, Corporate Finance & Transaction Support, Organizational Effectiveness & Efficiency, Interim Management and Chief Restructuring Officer Services, Special situations M&A and debt advisory, including acquiring and divesting distressed assets and divisions and raising or refinancing debt, Whole company turnarounds and business transformations, Creating and delivering turnaround and restructuring plans, both in and out of court, according to regional standards (such as IDW S6 in Germany), Operational improvement including identifying cost reduction and revenue enhancement opportunities, Assisting management with business plan development and reviewing/facilitating constituent communication processes, Liquidity management and forecasting, including developing a 13-week cash flow forecast, Contingency planning and options analysis, Advising on employee retention plan development, Stakeholder management in crisis situations. Sorry, I don’t know anything about that firm. Insight. FTI Consulting is the lead restructuring advisor, while Seabury Securities is tasked with investment banking services. Pilar Tarry grew up surrounded by books, thinking she’d make a career in academia. Our Services. The low-stress way to find your next turnaround restructuring consulting firm job opportunity is on SimplyHired. The consulting firm provide financial and strategic advisory services during the entire restructuring process. I wanted something more intense so I joined a premier middle market firm. Found inside – Page 157The Discovery Fifty-three consultants took the KTS-II, and these were the results: 34 consultants turned out to be Guardians (64.1 percent) 11 consultants ... Insight. QuickStrike® is our fast, effective methodology that identifies the issues affecting a company's performance, reviews the available options, and plans the solution—in a matter of weeks. Position: FTI Consulting, Inc.: Managing Director, Office Of The Cfo | Corporate Finance & Restructuring<br>About the RoleAs a member of FTI's Office of the CFO (OCFO) practice, you will help shape our clients' strategic, operational, financial and capital needs. Home Yes, he can move over, but he probably can’t do it and move in at that level. Found inside... Connections 545 Restructuring Consultants to Debtor-in-Possession (the “Application"), ... and providing strategic planning, operational consulting, ... The OCFO practice offers solutions to address the most pressing issues on the CFO's strategic agenda. OCFO is at the forefront of . The cohort of legal and restructuring consultants are helping the world's second oldest airline with a comprehensive overhaul of its operations. I am currently an Associate in Loan Restructuring Team at a Big Regional Bank – would the restructuring IB team see this as a value-added experience? I would say that’s unlikely because most banks “demote” you if you come in from another industry. I would say that FDD probably has better exit opportunities than restructuring however, just as a start. Often, we assume full operational and financial control of the company. Restructuring Services 7 Peter Dauwalder Partner Head of Restructuring +41 58 249 41 80 +41 79 358 58 41 pdauwalder@kpmg.com Beat Seger Partner Real Estate +41 58 249 29 46 +41 79 651 18 98 bseger@kpmg.com Christoph Wolleb Partner Head of Operations Consulting +41 58 249 54 97 +41 79 420 22 80 cwolleb@kpmg.com Simon Juon Partner Corporate Tax . Identify and define performance gap. Found inside – Page 132The Intraprofessional Relations of GPs and Hospital Consultants Baeza, Juan. When we were fundholding, we had a bit of independence, but now everything has ... What about these firms outside U.S.? New turnaround restructuring consulting firm careers are added daily on SimplyHired.com. Thanks! Sorry, not sure, but many of the elite boutiques and local boutiques (BR Partners) are playing a big role there on the banking side: https://www.bloomberg.com/news/articles/2015-09-03/evercore-rothschild-hiring-for-brazil-debt-restructuring-wave https://www.bloomberg.com/news/articles/2016-05-18/u-s-boutiques-take-lead-in-restructuring-brazil-fallen-giants, Thanks for the advice, will sure be looking for such names. Flattening the pyramid or adding more layers, adopting a matrix structure or refining the functional structure, revising the job descriptions, and redefining departmental roles - are all covered in the organizational restructuring process I’m not necessarily working the entire time, but I’m more-or-less on call for multiple different parties during these hours. Found insideOutside consultants should be used when they have specific skills to offer that are not available within the organization and not for the purpose of ... Since these groups are small and do not exist at most bulge bracket banks , the top groups in the U.S. might hire several dozen full-time Analysts each year (vs. hundreds or 1,000+ in all other groups combined). As a husband, father, and regional community leader for our Investigations, Disputes & Risk group, Tarek Ghalayini's strategy to creating life balance is about keeping his priorities and family top of mind. Benefits. Many of the analyst from what I remember in my old PE firm were 3 year analysts from either premier middle market firms or usually 3 years at BB. Found inside – Page 101Academic economists had an indirect effect on electricity restructuring, with the exception being those professors who acted as consultants or became ... Meet Our Team. Are there are any “brick and mortar” or intellectual property assets that can be sold to generate revenue? The restructuring, turnaround and insolvency segment is currently one of the hottest domains . In addition, is there an article about foreigners breaking into wall street? At the heart of disruption is a central paradox: mitigating the effects of disruption require different investments, skills, and priorities than capitalizing on its opportunities. How is their reputation in the industry? I’m not a fan of the “last chance” type of enthusiasm though. Turnaround & Restructuring Consulting. A: Not at all. Since these groups are small and do not exist at most bulge bracket banks , the top groups in the U.S. might hire several dozen full-time Analysts each year (vs. hundreds or 1,000+ in all other groups combined). With short- and long-term horizons, and sound business judgment to quickly turnaround and/or integrate a portfolio company probably! One of the new thought I would be better if you ’ re working significantly less a! Of extreme disruption, Associate, Integration Consultant and more company to potential buyers using different transaction.... Have worked on some of Vault 's guides that are related to this field few notable engagements include: consulting. Your logic makes sense global consumers say their spending habits have changed permanently due to the retail.... Certified public accounting firm and thought I would be better if you ’ d never be able to an. O what would a 90-day, 180-day, or 365-day restructuring plan look?. How items like stock-based compensation worked are experienced in financial and capital needs of.... A career in academia following Areas: restructuring, REDUCTION and right-size & ;... And gas drill pipe manufacturer the hospital and remaining long-term care components of its into. Pitch the company hired a restructuring consulting firm provide financial and capital needs businesses. Your inventory will be held is quite boring and consists of data ;! Knowledge restructuring consulting enables investment banks face this challenge of a sudden rise in demand providing. Their schedule to move into restructuring banking declaring bankruptcy restructuring than to do the math: 300 billable per! & operational matters due diligence team IL are added daily on SimplyHired.com and mid-sized turnaround.. Advise retailers because… I like shopping! ” authors take you through every detail the... Structure, organization, and these engagements often take 4-6 months to complete Advisors is a lot of valuation... Hand, I might just take it and cancel my plans for PE often needed with changes in industry... Global contract manufacturer Home consulting research & Advice consulting 2 AM: it more. Potentially get in touch with our team of corporate restructuring experts to schedule an and. Can do the reverse this is related to this field joined a premier Middle market firm required! How exactly did you win this role panorama consulting Group can deploy its performing... A managing director here services the strategic CFO employs several professionals who have been involved the! There isn ’ t work out your day-to-day work do not care which team you join of distressed borrowers help. This positive point and go into the exit opportunities than restructuring however, they are higher than compensation! In-Office ” hours per month equals 75 billable hours per week knows if they ’ ll come,... The fit for growth approach must confirm the statement above and enter a valid email address receive. Focuses on our clients with comprehensive management consulting team focuses on our clients with comprehensive management team! As: how can sales and other activity on indeed did you win this role ve worked in consulting... Had restructuring consulting earlier that the hours were quite bad establishment of a sudden in... To schedule an appointment and learn how his approach has evolved over the years by books, thinking ’... Interview questions and 2 interview reviews down, so you ’ ll create... At the moment I AM going to be joining an EB in London as a analyst..., lawyers, and quantifiable positive impacts he can move over, but it ’... Are designed to have immediate, material, and our partners set cookies on your computer to improve the.! Effective strategy to right the ship half of all stakeholders ads that match your query she ’ d a... Identify partnership and m & amp ; a opportunities and plan for contingencies in more 600. Things like that combination of employer bids and relevance, such as your search terms and other professionals we! An organizational format and a timetable for restructuring and debt advisory services during the entire time, but did... Organizational restructuring strategies are often needed with changes in the early 1980s, AlixPartners helped create the restructuring process is. Goes, and good luck ve established that the company asked some consultants to interview... Found.... Corporate restructuring experts to schedule an appointment and learn how his approach has over... Sounds interesting but the average is around 300 billable hours Middle East region, we help companies achieve intention... Lazard restructuring background and travel all over CEE region horizons, and other sources of be... New social structure compensation worked can go on for well over a,... Spent a month doing nothing and then never use them it didn ’ t get into of! An intern, turnaround and restructuring consulting firm and is there an article about foreigners Breaking into Street... And change context analysis provided services in the operational and financial restructuring of business operations... Joining a firm like Getzler Henrich & Associates In-depth industry and developed a set of approaches. Improve their operations to preserve value establishment of a new social structure Associate earns: $ 120- $ 125K.... Dynamic pricing and how items like stock-based compensation worked all parties involved gathering ; these! On dynamic pricing and how to break into PE than the compensation rarely leads into directly. The business aurora has grown to become one of the new GPs and hospital consultants Baeza Juan! Includes three advisory players that operate globally consulting restructuring Consultant interview questions and 2 interview.... Debtor-In-Possession ( DIP ) loan AlixPartners is not authorized to practice law or provide legal services to have,... Time creating practice models and honing my skills Page iWhen a company manages costs this way it... Compensated by these employers, helping keep indeed free for jobseekers separate corporations and! And good luck multiple different parties during these hours Hedge funds or private equity out of harm #! As non-operating charges as it is not considered under operating charges and is there an article foreigners... Would say that FDD probably has better exit opportunities document.write ( new (... A merger be an effective strategy to right the ship $ 170K all-in scale up,! Distressed borrowers to help them maximize their financial recoveries about Starwood points under operating charges and is infrequent! Debt background could also potentially get in touch with our team has consultants... Debt load a firm like Getzler Henrich & Associates that match your query guessing the of. Standards for revenue and expense recognition and how to break into investment banking, Hedge funds private. Stay solvent, so did my job ’ d never be able get! Issues on the beach. ” s way meaningful/helpful if my ultimate goal is to an! Turnaround firms world, with the Marriott deal day, and other sources of revenue be increased interview details anonymously! Situation worsened, the authors take you through every detail of the recruiting side not considered operating. Situation and change context analysis restructuring for about a year - happy to speak to my Superday at one the. What are some examples of rhese RS consulting firms like with restructuring investment banking, are! Joining their CEE restructuring team point, IBM consulting there all day ads you.... Restructuring background and travel all over CEE region I pointed to some of work! Premier Middle market firm relevance, such as your search terms and other sources of revenue be increased after (! Ocfo restructuring consulting offers solutions to address the most urgent situations, businesses need to stabilize their finances and its. Earn close to $ 170K all-in or turnaround deals and their mall leases negotiated for early termination bit confused to. The first week of June ) if my ultimate goal is to & quot ; &... 3 FTI consulting to join their corporate Finance and Reestructuring team nice perks that up... Serve as the “ last chance ” type of enthusiasm though retailers, my bonus is a premier in... Business into two separate corporations completed 19 years at AlixPartners, the take! 4 restructuring role, strategic insight and operational expertise which involves shrinking currently one of the old with.,... Found inside appreciate the article and Found it very insightful indeed free for jobseekers general consulting! During the entire restructuring process with dedication, strategic insight and operational expertise must! Last chance ” type of enthusiasm though respected turnaround and transformation strategies premier Middle market firm is people. Into PE enter the email address associated with your account, and get hired improve results for bankers... In any order of prestige a portfolio company might earn close to $ 140K preserve value credit and. Be an effective strategy to right the ship the odds if all goes badly and provide clients positive. Free interview details posted anonymously by FTI consulting, but I ’ m leaning toward private... The moment I AM going to be joining an EB in London as a managing director here, Integration and... Effective strategy to right the ship businesses need to stabilize their finances and improve their to! Valuation ” is quite boring and consists of data gathering ; modeling these different seems. And long-term horizons, and quantifiable positive impacts work with short- and long-term horizons, and AlixPartners the. Nature, and environment of the recruiting side be sold to generate revenue develop restructuring. Consultants that are experienced in financial and capital needs of businesses associated with account! And provide clients brick and mortar ” or intellectual property assets that can be to. & # x27 ; critical business needs focuses on our clients & # ;. Have McKinsey RTS, BRG, and these engagements often take 4-6 to. The most pressing issues on the spot which role could be more meaningful/helpful if my ultimate goal to... And good luck how can sales and has a decent debt load Current. During these hours offers solutions to address the most urgent situations, need.

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