Director -- Turnaround & Restructuring
Job Title: Director - Turnaround & Restructuring
Location: Chicago, IL
Firm Type: Boutique Business Advisory Firm
Employment Type: Full-Time
About Us
Our client is a dynamic, high-impact boutique advisory firm specializing in turnaround, restructuring, and performance improvement for middle-market companies. The team is composed of seasoned professionals who thrive in fast-paced environments and are passionate about helping businesses navigate complex challenges. Our client has been effectively servicing the middle market for over 40 years.
Position Summary
Our client is seeking a strategic and hands-on Director to join its Turnaround & Restructuring practice. This individual will play a critical role in leading client engagements, developing financial strategies, and mentoring junior team members. The ideal candidate will bring deep expertise in turnaround and restructuring, strong financial modeling capabilities, and a collaborative leadership style.
Key Responsibilities
- Lead and manage turnaround and restructuring engagements across various industries.
- Develop and maintain 13-week cash flow models and other financial tools to assess liquidity and operational viability.
- Serve as a key member or leader of deal teams, managing client relationships and internal resources.
- Conduct operational and financial assessments to identify performance improvement opportunities.
- Collaborate with stakeholders including lenders, legal advisors, and company leadership.
- Mentor and develop junior staff, fostering a culture of excellence and continuous learning.
- Support business development efforts through proposal writing, client presentations, and networking.
Qualifications
- Minimum of 8 years of total professional experience, with at least 3 years in turnaround and restructuring.
- Proven experience in financial modeling, especially 13-week cash flow forecasting.
- Strong analytical, problem-solving, and communication skills.
- Demonstrated ability to lead teams and manage multiple workstreams.
- Experience working in a client-facing role within a consulting or advisory environment.
- Bachelor's degree in Finance, Accounting, Economics, or related field; MBA or CPA preferred.
Expected Compensation:
Base Salary $180,000 - $200,000
Discretionary Bonus: 25% - 50%