Managing Director -- Turnaround & Restructuring
Managing Director - Turnaround & Restructuring
Location: New York City
About the Firm
Our client is a leading turnaround and restructuring advisory firm based in New York, specializing in helping companies navigate periods of distress, transition, and accelerated change. The firm provides hands-on leadership, operational stabilization, financial restructuring, liquidity management, and strategic advisory services to middle-market and large companies across sectors.
Position Overview
Our client is seeking an experienced Managing Director to lead and grow turnaround and restructuring engagements. The ideal candidate brings a deep track record of senior-level restructuring experience, strong execution capabilities, and the ability to independently run complex client situations.
Candidates with interim C-suite experience (CEO, CFO, CRO) or those who bring portable business, established referral networks, or a demonstrated desire and capability to originate new engagements will be highly prioritized.
Key Responsibilities
Engagement Leadership & Execution
- Lead full-cycle turnaround and restructuring engagements, including financial assessments, operational reviews, liquidity management, and stakeholder negotiations.
- Direct multidisciplinary teams to deliver high-impact results under tight timeframes.
- Serve as interim executive (CEO, CFO, CRO) when required, providing hands-on leadership to stabilize operations and drive transformation.
- Oversee development of 13-week cash flows, integrated financial models, and restructuring plans.
- Lead presentations and reporting for boards, lenders, investors, and other stakeholders.
Strategic Advisory
- Develop and implement strategic turnaround plans addressing liquidity, operational inefficiencies, cost structure, competitive positioning, and organizational alignment.
- Guide clients through distressed scenarios including workouts, recapitalizations, bankruptcy proceedings, and refinancing activities.
Business Development & Practice Growth
- Originate new business by leveraging existing relationships and expanding the firm's network across lenders, attorneys, sponsors, and board members.
- Drive proposal development, pitch meetings, and practice visibility initiatives.
- Mentor and develop junior talent while contributing to the overall growth strategy of the practice.
Qualifications
Required
- Senior-level experience (typically 10-20+ years) in turnaround and restructuring, distressed investing, corporate recovery, or related advisory roles.
- Proven ability to run engagements independently, manage teams, and deliver successful outcomes in distressed environments.
- Strong financial and operational acumen, including mastery of restructuring analytics and short-term cash flow forecasting.
- Demonstrated success working with or within the C-suite.
Preferred
- Interim C-suite experience (CEO, CFO, CRO) with a history of stabilizing organizations in crisis.
- Existing portable book of business, strong referral relationships, or a clear appetite and capability for origination.
- Experience guiding companies through Chapter 11 processes, refinancing events, divestitures, and strategic transformations.
- Strong presence with lenders, law firms, private equity sponsors, and other restructuring ecosystem stakeholders.
Expected Compensation:
Base: $225k - $300k
Bonus: Discretionary
FAQs
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