Opportunity for an experienced CFO in Turnaround & Restructuring Advisory
Alvarez & Marsal
Madrid
Alvarez & Marsal (“A&M;”) is a general consulting firm with more than $2+ billion in revenues, c. 7,000 staff and over 70 offices world-wide. We offer a broad range of professional services including Financial & Operational Restructuring, Debt Advisory, Transaction Advisory, Performance Improvement, Corporate Transformation, Financial Institutions Advisory, Tax, Valuations and Disputes and Investigation Services.
A&M; has successfully managed some of the largest Restructuring crises in the world as well as preserving iconic brands through restructuring. We have earned multiple industry awards and our Restructuring team in Spain is hugely respected. A&M; has attracted top performers at Partner and every experienced level from our competitor firms and our Spanish practice includes highly experienced professionals across Financial and Operational Restructuring, Transaction Advisory, Performance Improvement, Financial Services Advisory, Disputes & Investigation Services and Valuation services.
Our team focus on big ticket company side financial and operational restructuring assignments in addition to Chief Restructuring Officer (CRO) /CEO/ CFO appointments and, within the last few years, we have delivered on some of Europe’s largest restructuring cases such as Abengoa, Edcon, Toys R’ US, Nyrstar, Seadrill, Intertoys and Isolux in addition to working for leading Private Equity companies.
A&M; advise on every aspect of the restructuring process - from the business strategy to cash conservation/liquidity management, to business plan development and implementation. We are seeking a Private Equity CFO with experience of working with distressed businesses and who is now interested in developing a career in Turnaround and Restructuring advisory as a Senior Director.
You will have the opportunity to work across all phases and aspects of operational restructuring and turnaround initiatives. You will stabilise core operations by formulating and managing turnaround plans and negotiating with senior management and other key stakeholders. Working day-to-day alongside our clients, you will develop an in-depth understanding of their processes, financial position and key operational performance drivers. This understanding is needed in order to create and implement successful restructuring and turnaround initiatives.
Examples of projects include;
- Financial and Operational Restructuring
- Balance Sheet Restructuring
- Preparation and validation of business plans for Investors & company management teams
- Asset Sales
- Cash & liquidity management and forecasting
- Cross-border wind-downs
- Detailed contract reviews
- Independent business reviews
- Short term cash flow forecasting frameworks
- Stakeholder reporting on PMO cost saving initiatives
- Profit Improvement (Sales Improvement and Cost Reduction)
- Proven experience as a CFO in a Private Equity owned business of significant size, scale and complexity
- Experience in Turnaround Management, including business plan and financial projections development and review and designing and implementing cash conservation guidelines and controls
- The ability to conduct an initial rapid diagnostic into a company's immediate and future cash needs, product profitability, cost base, operational issues, market position and options for restructuring
- Proven ability in reviewing performance figures and analysing data to develop fact-based analysis to examine the root cause of problems
- Experienced in developing and implementing performance improvement solutions to solve under-performance on both cost and revenue lines
- A robust understanding of accounting and business plan modelling
Additional desirable capabilities include;
- Proven experience in operational restructuring including success in a CRO role
- Demonstrable recent, relevant leadership experience in a bankruptcy or turnaround situation
- Collaborating with company management on interim and crisis management assignments - often undertaking the FD/CFO roles. These roles will include designing contingency plans and implementing and managing short-term cash flow
- Connections with and exposure to private equity (large and mid-cap), associated with restructuring and turnaround
Applicants must have;
- Training at a Big 4 firm ideally with experience within the Restructuring or Deals team
- A Bachelor’s degree from an accredited university
- Fluency in English and Spanish is essential (other European languages are highly desirable)
- Excellent written and verbal communications skills
- Objective, fact-based approach to problem solving
A successful Restructuring Senior Director will be experienced in addressing businesses critical issues at speed and will reflect the operational distinctiveness that is A&M; a business savvy, outcome focused business entrepreneur who is addicted to making an impact, determined to make a dif