The turnaround consulting practice within Hilco Global Professional Services tackles urgent, complex challenges with speed and impact. As former executives, operators and investors, the team combines blue chip experience with intense focus to consistently deliver tailored solutions across operational turnarounds and financial restructurings. Uniquely, the team executes alongside Hilco Global's integrated platform of valuation, monetization, real estate and capital solutions businesses, advising clients and their stakeholders as they navigate critical points of inflection.
The Managing Director, Turnaround Consulting at Hilco Global represents a unique opportunity to assume a wide range of responsibilities and make a significant impact. This Managing Director is a client delivery leadership position for highly capable professionals to make substantial contributions to overall firm growth. The Managing Director will focus on developing new and existing client relationships as well as ensuring all aspects of strategic, operational and financial engagements are delivered with the highest quality standards and impact. You will support key initiatives, manage discrete workstreams and work closely with senior leaders across the Hilco Global platform. If you thrive in a high-performance culture and want to help build the next chapter of a global advisory and principal investment firm, this is the right role for you.
Responsibilities- Work directly with senior personnel at Hilco Global and our clients to develop comprehensive solutions to complex operational and financial challenges across the business lifecycle including formulating and implementing value creation and business transformation plans, contingency planning and bankruptcy preparation / execution
- Partner with affiliated Hilco Global businesses — including valuation, appraisal, asset monetization, real estate and capital solutions — to bring the full platform to bear on client situations
- Oversee liquidity management (cash flow forecasting, treasury operations and stakeholder communications), case administration (filing preparation, bankruptcy reporting, claims support and plan support) and supporting the development and formulation of business / restructuring plans
- Review executive reporting packages including key performance indicators (KPIs), financial performance, budget, board of director presentations and stakeholder presentations
- Present KPIs, financial performance, budget, board of director presentations, stakeholder presentations
- Review detailed financial projections and business plans
- Work with the Hilco Global team of Associates to Managing Directors to lead execution of all deliverable workflows
- Assess organizational and individual structures and effectiveness
- Identify areas for operational improvements and cost reduction
- Lead business development and client relationship efforts
- Identify and re-allocate resources to operational, growth, financial and strategic initiatives with highest risk adjusted return
- Lead various operational, financial and management meetings and key constituent communications / negotiations
- Contribute to the origination and selling of projects including experience pitching to or partnering with senior executives, private equity firms, lenders, lawyers and other related buyers
- Advise clients and make decisions that demonstrate expertise, synthesizing the core drivers of both the clients' business, situational analyses and the underlying complexity of the situation to maximize value
- Provide coaching and mentorship to junior team members
- Contribute to creating a high-performing and inclusive culture
- Bachelor's degree from a top undergraduate program
- Invested in a team-based culture, motivated to collaborate in office four days per week and willing to work at client sites as needed
- Significant experience in the areas of strategic, financial or operational consulting, investment banking, restructuring / distressed investing, private equity, lending and/or industry roles
- Proven leader in the delivery of high-value work that exceeds client expectations
- Demonstrated capability of developing new business transformation, restructuring and interim management
- Deep experience supervising other professionals and acting in a manner that serves to motivate, develop and bring out the best in others. Provides clear direction, coaching and mentoring to team members
- Mastery of financial modeling including ability to review three statement models, 13-week cash flows, dynamic KPI packages and complex ad hoc analysis
- Superior written and verbal communication skills, including executive-ready presentation and reporting skills
- High attention to detail, responsiveness and ownership mindset
- Track record of success in high-pressure, client-facing environments
Annual base salary gross: $275000 - $345,000. The base salary range represents the estimated low and high end of Hilco’s salary for this position based on geography. Actual base salaries will vary and will be based on various factors, such as candidate’s qualifications, skills, competencies and proficiency for the role. The base pay is one component of Hilco’s total compensation package for employees. Other rewards and benefits include cash bonuses, long term incentives, health insurance, accident and life insurance, and retirement benefits
Hilco Global is an equal opportunity employer. Qualified candidates will be considered on merits and without regard to race, religion, color, national origin, sexual orientation, genetic information, marital status, gender, veteran, or disability status.
Hilco Global strives to comply with all applicable local/state regulations regarding displaying salary ranges. Any offered salary is determined based on relevant factors such as applicant's skills, job responsibilities, prior relevant experience, certain degrees and certifications and market considerations. In addition, Hilco Global is proud to offer a comprehensive, competitive benefits package, with options designed to help you make the best decisions for yourself, your family, and your lifestyle. Available benefits are based on eligibility. Our Total Rewards package includes a variety of medical and dental plans, vision coverage, disability and life insurance, 401(k) plans, and a robust suite of personal well-being benefits to support your mental health. https://hilcoglobal.com/careers-about/
Skills Required
- Bachelor's degree from a top undergraduate program
- Willingness to collaborate in office four days per week and work at client sites as needed
- Significant experience in strategic, financial or operational consulting, investment banking, restructuring/distressed investing, private equity, lending and/or industry roles
- Proven leader in delivering high-value work that exceeds client expectations
- Demonstrated capability developing business transformation, restructuring and interim management
- Deep experience supervising and developing other professionals, providing coaching and clear direction
- Mastery of financial modeling including reviewing three-statement models, 13-week cash flows, dynamic KPI packages and complex ad hoc analysis
- Superior written and verbal communication skills, including executive-ready presentation and reporting skills
- High attention to detail, responsiveness and ownership mindset
- Track record of success in high-pressure, client-facing environments
What We Do
Hilco Global is an independent financial services company providing Valuation, Monetization, Advisory, and Capital Solution services for all tangible and intangible assets. Hilco is the world’s preeminent authority in assisting healthy and distressed companies and their constituencies derive maximum value from assets. Hilco provides a suite of strategic services to help companies, their advisors and investors identify the value in business assets, monetize those assets either through acquisition or disposition, and leverage the assets to obtain debt or equity capital. Services include: - Asset Appraisals, Enterprise Valuations and IP Valuations - Retail, Consumer and Industrial Inventory Monetization - Machinery and Equipment Monetization - Real Estate Repositioning - Private Equity Investing - A/R and other Debt Acquisitions - Retail Performance and Profit Enhancement Consulting Hilco is composed of independent operating units, each specializing in one or more aspects of our complete business services package. Operating units are staffed and managed by teams of highly-skilled, experienced men and women, all of whom share an unwavering commitment to quality service, the highest standards of professional ethics and integrity, and to the achievement of successful results. Hilco Global is the holding company for twenty integrated business units delivering expert solutions and proven value on every engagement for 30 years. It provides platform services to the business units, including legal and accounting, marketing and capital. In addition, Hilco delivers the discipline of a parent. While each business group has its own personality and talents, Hilco oversees performance to ensure a level of service consistent with Hilco's elevated standards.
