Managing Director, Turnaround & Restructuring

Ankura is a team of excellence founded on innovation and growth.

Ankura Turnaround & Restructuring Practice Overview

Ankura’s professionals have diverse backgrounds and varied experience including banking, consulting, restructuring, accounting firms and public/private industries.  Our professionals are trusted advisors who work collaboratively and in a very measured and expedient way to maximize value for our clients. We are experts known for leading challenging processes and bringing together disparate stakeholder groups.

Ankura Turnaround & Restructuring Managing Director Role Overview

The Turnaround & Restructuring (T&R) Managing Director role is an experienced senior level position that leads and manages client engagement team(s) through challenging in-and-out of court turnaround and restructuring situations.

Responsibilities

• Leads the final delivery of analyses developed on engagement(s)

• Leads and provides guidance on complex analyses and restructuring alternatives pertinent to the situation at hand

• Has a view on various restructuring concepts informed by prior experience and expertise

• Understands complex issues with credit agreements and can structure provision and terms to best protect the client

• Negotiate waivers, forbearances, amendments and terms to credit agreements

• Effectively manages entire project work plan for engagement(s)

• Manages the development and presentation of final client deliverables

• Determines effective approach / content level based on previous experiences in similar situations

• Leads presentations and large meetings with senior clients, other professionals and parties in interest

• Maintains day to day relationships between Ankura team and senior client executives

• Oversees the quality of engagement(s) and the development of staff

Requirements:

• Minimum 10 years of relevant restructuring / distressed experience in a professional service or consulting firm environment

• Prior hands-on experience building / developing / overseeing integrated 3-statement financial and 13-week cash flow models

• An undergraduate degree from a top academic institution

• Advanced degree(s) and applicable professional certification(s) are preferred (CFA, CIRA, CPA)

• High energy style, flexible and adaptive, with the ability to work well in a very fast paced environment

• Ability to adapt to complex client environments and situations

• Proven track record of effectively planning for and proactively mitigates risks on projects and work streams

• Expertise defining, influencing and driving change at executive levels and across the broader community of stakeholders

• Exceptional negotiation skills with complex/sophisticated situations involving senior level stakeholders

• Able to develop credible recommendations under shortened time constraints and imperfect information

• Quickly recognizes critical areas requiring analysis and review while understanding the big picture

• Experience synthesizing complex unstructured information rapidly and applies good business judgment driving quickly to deep insights into possible impacts and solutions

• Expert written communication skills, self-directed with preparation of client ready document and presentation development

• Articulate, persuasive, communicator who is adept at handling executive and difficult audiences well including ability to adapt style to audience

• Ability and willingness to undertake extensive travel is required

• Willingness to work at times, long hours during the week and on weekends due to client demands may be necessary

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