Job Information
Ankura Associate, Turnaround & Restructuring in Chicago, Illinois
Ankura is a team of excellence founded on innovation and growth.
Role Overview:
We are currently recruiting an associate consultant to join our Turnaround & Restructuring (T&R) team. Having specific T&R experience is not required. This is a great opportunity to leverage your experience and transition into a T&R consulting role where you will be able to accelerate your career and professional development. If you have a finance or accounting background, are inquisitive, a problem solver, and hungry to learn and grow a career in T&R this could be a great opportunity for the next step in your career. This role could be located in New York, Chicago, or potentially other locations.
Responsibilities:
Independently structures basic issue analyses contributes to hypothesis generation
Builds analytical tools and financial analyses that show a proper understanding of competing needs (timing, flexibility, detail, risk) with limited direction
Identifies and articulates opportunities for more advanced analytic approaches outside of basic Excel
Drafts client ready data requests
Manages administrative and organizational matters of engagement
Assembles reports, graphs, and tables with limited guidance
Presents work, as required, both internally and to clients
Interfaces directly with more senior clients to gather data and develop analyses in areas of responsibility
Demonstrates a basic understanding of credit agreement terms
Calculates covenant compliance
Applies common restructuring concepts apply to distressed situations
Beginning to identify potential issues related to complex accounting or financial concepts (taxes, impairments, pensions, currencies, etc.
Prepares high level valuation, with guidance
Mentors Associates when appropriate including review of work product and recommendations for improvements
Requirements:
1+ years of relevant experience with a top tier management consulting firm, economic / litigation consulting firm, Big 4 / Accounting firm, or completion of a corporate financial leadership development program
An undergraduate degree from a top academic institution with a strong GPA
Experience in audit, transaction/deal advisory, valuation, due diligence, financial planning & analysis (FP&A), or forecasting
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
Demonstrate the ability to contribute to identification of key issues
Able to understand concepts of data patterns and trends
Exhibits critical thinking and problem-solving capability
Demonstrates ability to synthesize analysis and draw conclusions
Preferred (not required):
Advanced degree(s) and applicable professional certification(s) are preferred (CFA, CIRA, CPA)
Restructuring experience preferred and/or relevant financial consulting experience including M&A transaction advisory and/or investment banking
Experience with financial modeling preferably with 3 statement analysis and/or 13-week cash flow models
Experience with analytical tools and financial analyses that show a proper understanding of competing needs (timing, flexibility, detail, risk) with limited direction
Understands common bankruptcy terms and key provisions of the code
Understands principles of chapter 11, POR, and 363 sale
Understands key activities of bankruptcy preparation
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For individuals assigned and/or hired to work in California, Colorado, or New York, Ankura is required to include a reasonable estimate of the compensation range for this role. This compensation range is specific to the said markets and considers a broad range of factors including but not limited to skill sets, experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. The range does not include additional benefits outside of salary. At Ankura, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each role. A reasonable estimate of the current base pay range is between $50,000 to $120,000; this range is not a promise of a particular wage.
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Ankura is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability. Equal Employment Opportunity Posters, if you have a disability and believe you need a reasonable accommodation to search for a job opening, submit an online application, or participate in an interview/assessment, please email accommodations@ankura.com or call toll-free +1.312-583-2122. This email and phone number are created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be returned. Messages left for other purposes, such as following up on an application or technical issues unrelated to a disability, will not receive a response.
Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to conflict, crisis, performance, risk, strategy, and transformation. The Ankura team consists of more than 2000 professionals serving 3,000+ clients across 55 countries who are leaders in their respective fields and areas of expertise. Collaborative Lateral Thinking That Deliversᵀᴹ, hard-earned experience, expertise, and multidisciplinary capabilities drive results and Ankura is unrivalled in its ability to assist clients to Protect, Create, and Recover Valueᵀᴹ. For more information, please visit, ankura.com.
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