Managing Director -- Turnaround & Restructuring

Turnaround & Restructuring Managing Director

Role Overview

Managing Directors at our client bring deep financial, operational, and leadership expertise to complex client situations. Their professionals combine hands-on restructuring experience with strong judgment and relationship-building skills to quickly understand client challenges, uncover root causes of underperformance, and implement practical solutions that drive sustainable results.

Our client believes successful engagements require balancing competing priorities-maintaining objectivity while advocating for the business, respecting legacy practices while embracing change, and acting decisively while communicating thoughtfully. Managing Directors play a critical role in delivering this balance, serving as trusted advisors to senior leadership and key stakeholders.

With decades of experience improving business performance, our client supports organizations across the full business lifecycle-from turnaround and restructuring to profit improvement and strategic growth.

Core service areas include:

• Restructuring: Strengthening financial and operational foundations
• Advisory: Experienced leadership and strategic guidance
• Insolvency: Preserving and maximizing stakeholder value
• M&A Advisory: Supporting transactions and strategic alternatives

Key Responsibilities

Engagement Leadership

• Lead fast-paced, high-impact engagements with tight timelines and evolving priorities
• Partner closely with client management to assess financial and operational conditions, develop short-term liquidity plans, and execute long-term strategic initiatives
• Own overall engagement delivery, including scope, execution, timelines, and final work product
• Manage multiple engagements simultaneously while ensuring quality, accuracy, and stakeholder satisfaction
• Serve as the primary relationship manager for clients, lenders, investors, and other key stakeholders

Strategy & Advisory

• Provide senior-level guidance on turnaround strategy, restructuring alternatives, and value preservation
• Quickly evaluate complex situations and deliver actionable recommendations to partners and clients
• Act as a trusted advisor to executive teams, with the ability to expand engagement scope and identify new opportunities
• Collaborate with Partners, Directors, and Associates to design and implement solutions to complex financial and operational challenges

Team Leadership & Firm Contribution

• Lead, mentor, and develop Directors and Associates across multiple engagements
• Foster a collaborative, high-performance team culture
• Train and coach staff through on-the-job guidance, formal training sessions, and peer mentoring
• Participate in firm initiatives related to marketing, recruiting, training, or internal committees

Technical & Functional Expertise

• Serve as Chief Restructuring Advisor or interim executive (CRO, CFO, or similar roles)
• Provide crisis leadership and senior-level stakeholder management
• Maintain expert-level knowledge of:
  • Three-statement financial models and assumptions
  • 13-week cash flow forecasting and liquidity management
  • Capital structures, debt agreements, and covenant analysis
• Oversee development of:
  • Detailed financial projections and cash flow forecasts
  • Profitability analysis by customer, SKU, product line, or segment
  • Executive dashboards, KPI reporting, and board-level presentations
  • Business plans, refinancing materials, liquidation analyses, and alternative scenarios
• Guide preparation of lender, investor, and sell-side materials and support related marketing processes
• Support negotiations with customers, vendors, lenders, and service providers as needed

Business Development & Marketing

• Actively cultivate relationships with referral sources and industry contacts
• Represent the firm at marketing, networking, and industry events
• Identify opportunities to extend existing engagements and originate new business
• Leverage prior client and professional relationships to support firm growth

Qualifications & Experience

• Bachelor's degree in Accounting or Finance from a highly regarded institution
• Advanced degree or certification (MBA, CPA, CTP, CFA) strongly preferred
• 15+ years of professional experience, including at least 10 years in restructuring or turnaround consulting
• Proven track record leading multiple complex restructuring or performance improvement engagements
• Experience managing and developing professional staff across engagements
• Strong written, analytical, and organizational skills
• Demonstrated ability to work effectively with stakeholders at all organizational levels

Additional Requirements

• Advanced proficiency in financial modeling, liquidity forecasting, and custom financial analysis
• Ability to synthesize incomplete or imperfect data into actionable insights
• Comfort shifting between detailed analysis and executive-level strategic thinking
• High energy and adaptability in a fast-paced, unstructured environment
• Willingness to travel to client sites as needed (approximately 30%, variable by engagement)
• Commitment to firm culture, collaboration, and professional development initiatives

Expected Compensation:

Base: $200k - $300k

Bonus: Discretionary (~25-75%)+ potentially impacted by revenue-generation