Turnaround & Restructuring Associate/Senior Associate

Turnaround & Restructuring Associate / Senior Associate

Location: New York, NY (Fully In-Office)

Company Overview

Our client is a boutique turnaround and restructuring advisory firm focused on helping middle-market and upper-middle-market companies navigate complex financial and operational challenges. The firm works across a broad range of industries, delivering hands-on advisory services in both in-court and out-of-court situations, including liquidity management, operational turnarounds, bankruptcies, and distressed M&A transactions.

With a lean team structure and strong deal flow, the firm provides professionals with meaningful responsibility, direct client exposure, and the opportunity to work closely with senior leadership on high-impact engagements.

Position Overview

Our client is seeking Associates and Senior Associates (2-6 years of experience) to support the execution of turnaround and restructuring engagements. Candidates will work directly with senior team members and client stakeholders to diagnose financial distress, develop actionable solutions, and implement restructuring strategies.

This role offers a unique opportunity to gain hands-on exposure to distressed situations, M&A processes, and bankruptcy proceedings while developing deep financial and operational expertise in a fast-paced advisory environment.

Key Responsibilities

• Build and maintain detailed financial models, including 13-week cash flow forecasts, 3-statement models, and scenario analyses to assess liquidity and enterprise value
• Conduct comprehensive financial and operational analyses to identify key drivers of distress and turnaround opportunities
• Support the development and execution of restructuring strategies, including cost optimization, capital structure adjustments, and liquidity management initiatives
• Assist in both in-court (Chapter 11) and out-of-court restructuring processes, including exposure to DIP financing, 363 sales, and liability management situations
• Participate in distressed M&A and recapitalization processes, including preparation of marketing materials, investor presentations, and diligence support
• Communicate with key stakeholders, including company management teams, lenders, creditors, legal advisors, and investors, to drive alignment and execution
• Prepare client deliverables, presentations, and internal memoranda summarizing findings and recommendations
• Work closely with senior team members on multiple concurrent engagements in a lean, team-oriented environment

Qualifications

• 2-6 years of full-time experience in one or more of the following:
  • Turnaround & restructuring consulting
  • Investment banking (M&A, Leveraged Finance, or Restructuring)
  • Distressed/special situations investing or credit
• Strong exposure to distressed companies, bankruptcy processes, or restructuring situations preferred
• Experience building financial models (3-statement, cash flow, LBO) & analyzing complex financial data
• Understanding of corporate finance, capital structures, and valuation methodologies
• Demonstrated experience working on M&A transactions, restructurings, or financing processes
• Strong communication skills and ability to interact with senior stakeholders in high-pressure environments
• Bachelor's degree in Finance, Accounting, Economics, or a related field (MBA or advanced degree is a plus)
• CPA, CFA, or CIRA designations are a plus but not required

Additional Details

• Work Environment: Fully in-office in New York City
• Team Structure: Lean teams with significant responsibility and client exposure
• Culture: Entrepreneurial, hands-on, and execution-focused
• Travel: Moderate travel may be required based on client engagements

Expected Compensation:

Base Salary: $120k - $175k

Discretionary Bonus: 25% - 125%