T&R Director
Director - Turnaround & Restructuring
Locations: Remote with strong presences in New York, Chicago, and Los Angeles
Overview
A highly regarded, middle-market advisory firm is seeking a Director to join its Turnaround & Restructuring practice. This role is designed for a senior professional with deep execution experience across distressed situations who can lead complex engagements, manage teams, and serve as a day‑to‑day client contact. The Director will play a critical role in driving value creation for underperforming businesses while helping expand the firm's restructuring footprint.
Key Responsibilities
- Lead and manage turnaround and restructuring engagements across distressed, underperforming, or special situations environments
- Serve as a primary client contact, working directly with owners, boards, management teams, lenders, and other stakeholders
- Oversee and review short‑term liquidity analyses, 13‑week cash flow forecasts, business plans, and restructuring models
- Develop and execute operational improvement initiatives, including cost reduction, working capital optimization, and performance improvement programs
- Supervise, mentor, and review the work of Managers, Senior Associates, and Associates on client engagements
- Coordinate with legal advisors, lenders, private equity sponsors, and other third parties throughout the restructuring lifecycle
- Support business development efforts through proposal development, pitch participation, and relationship management
- Contribute to thought leadership, internal process improvement, and practice growth initiatives
Qualifications
- 8-15+ years of experience in turnaround & restructuring, performance improvement, restructuring advisory, or special situations consulting
- Prior experience at a recognized turnaround, restructuring, investment banking, or management consulting firm
- Strong financial acumen, including advanced skills in cash flow modeling, liquidity forecasting, and scenario analysis
- Demonstrated ability to manage multiple workstreams and lead engagement teams in fast‑paced, high‑pressure environments
- Experience working directly with senior executives, boards, lenders, and private equity sponsors
- Background supporting distressed transactions, refinancing, out‑of‑court restructurings, and/or Chapter 11 processes preferred
- CPA, CFA, CIRA, or MBA strongly preferred
Personal Attributes
- Commercially minded with strong judgment and problem‑solving skills
- Confident communicator with executive presence and credibility
- Highly organized, detail‑oriented, and able to operate independently
- Entrepreneurial mindset with interest in helping grow and shape a practice
Expected Compensation:
Base: $225k - $250k
Bonus: Discretionary
FAQs
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