Director, Turnaround & Restructuring

Chicago, IL, United States

Company Overview

There’s a better way to work in finance—and more specifically, a better way to unlock value potential in private equity-backed portfolio companies. Working at the intersection of sponsors and management teams across every stage of the investment lifecycle, our team provides hands-on, execution-oriented support to elevate the office of the CFO.

So, what does it mean to work at Accordion? It means joining 1,000+ finance & technology experts in a high-growth, agile, and entrepreneurial environment while changing the way portfolio companies drive value. It also means making your mark on Accordion’s future—by embracing a culture rooted in collaboration and a firm-wide commitment to building something great, together.

Accordion is headquartered in New York City with 11 offices around the globe. Join us!

Turnaround & Restructuring

Our nationally recognized turnaround, restructuring and advisory team serves companies and their stakeholders across a wide spectrum of industries and sizes, with a focus on the middle market. We provide clients with a team of seasoned professionals who have notable track records of creating value through both operational turnarounds and financial restructurings.

We are actively recruiting Turnaround & Restructuring professionals to join our team. You will provide extensive financial and operational support on client engagements across a variety of industries and markets; utilize experience and on the job training to successfully deliver reports, models, work product and advice that helps guide the direction and decisions related to client turnaround and/or restructuring objectives.

This role can be based in any of our US office locations and is a hybrid role. Ideal candidates should be local to the desired location, with the flexibility to work remotely 2-3 days a week, blending the best of both worlds for efficiency and collaboration.

What You’ll Do:

Lead and perform analysis of current and historical business performance and capital structure

Review and provide feedback on business plan and projections

Develop 13-week cash flow forecasts that outline the liquidity profile and cash needs

Identify alternatives to enhance liquidity and working capital efficiency

Create dynamic financial models that demonstrate the client’s historical and potential future performance

Assess and support the creation and preparation of corporate turnaround plans, including EBITDA enhancement, revenue generation, cost rationalization/expense reduction, asset utilization, etc.

Provide implementation support to approved business plans and strategies

Develop and guide execution of restructuring plans, including capital structuring/financing, stakeholder negotiation, etc.

Develop and furnish appraisal of business options, in-court and out-of-court restructuring alternatives and contingency plans as needed

Assist in bankruptcy preparation and administration (first day and other motions, schedules and statements, operating reports, plan of reorganization, disclosure statement, claims, etc.)

Provide the day-to-day team management to ensure alignment between workplan execution and client expectations/deadlines

Engage with client personnel and management as necessary to achieve objectives

Effectively gather, analyze, and organize large data sets which may be incomplete

Lead and support the development of quality client deliverables

Help establish priorities across multiple work streams

Review and guide analyses and work product of team members

Provide interim management support on operating functions and job duties as directed

Ideally, You Have:

Bachelor’s degree in finance and/or accounting is preferred

Graduate business degree with concentration in finance, accounting and/or operations preferred

Minimum 8+ years of relevant professional work experience with 3+ years of restructuring experience

Hands-on experience building / developing / maintaining fully dynamic, integrated 3-statement financial models, and 13-week cash flow models

Advanced proficiency in Microsoft Word, Excel and PowerPoint

Ability to build and sustain strong and trusted relationships with colleagues and stakeholders

Demonstrated expertise and aptitude with conducting quantitative and qualitative analyses, particularly with constructing integrated financial models, analyzing financial underperformance and related services

Experience working on projects delivering independent business reviews, short term cash flow assessments, capital structure analysis and contingency planning

Capacity to thrive in a fast-paced, challenging, and uncertain environment

Deep understanding of how to interpret and analyze financial statements

Strong analytical and business writing skills

Ability to develop the framework and take the lead on preparing reports

Ability to work well under pressure and independently yet understand when to ask for guidance

Ideally, You Are:

A self-starter with a strong work ethic

A leader of others; you lead by example

A strong team player, able to work with team members across all levels

Able to effectively communicate complex issues and solutions, and raise issues to senior team members when necessary

Comfortable managing projects with multiple complex workstreams while also focused on your single workstream (you are managing and doing).

Excited to be part of a growing team, with a focus on driving future growth

Full of entrepreneurial spirit and comfortable in a fluid, flat organization

Knowledgeable about the relationship between Private Equity sponsors and their portfolio companies

Passionate about delivering exceptional client service

Someone who enjoys mentoring others and doing meaningful work

Willing to get your hands dirty in the details of a project while simultaneously seeing the whole picture

Willing to travel according to client needs

Salary: $180,000 - $200,000 + benefits + bonus

Actual compensation packages are determined by evaluating a wide array of factors unique to each candidate, including but not limited to skill set, years and depth of experience, education, certifications, cost of labor and internal equity.

Accordion is an Equal Opportunity Employer. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.

Please note that as per Accordion policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening and in alignment with our inclusive diversity values. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that Accordion will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.

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