| Location: |
IL-Chicago
Lower Midwest (IL, IN, IA, KS, KY, MO, NE & OH) |
| Salary Range: |
$200-300K plus Bonus, DOE |
| Bonus & Incentives: |
Bonus part of all-in compensation package. |
| Position Responsibilities: |
COMPANY DESCRIPTION
Our client is a 40 year old management and financial consulting firm specializing in turnarounds, workouts, crisis management, interim management, distressed M&A, bankruptcy and financial advisory services.
Having successfully restructured hundreds of companies throughout the U.S., Latin America and Asia, the firm has grown to provide a broad array of services for both distressed and healthy companies in the areas of financial/bankruptcy restructuring, forensic/investigative services, litigation advisory, operational restructuring, manufacturing efficiency, merger & acquisition integration, technology services, sales force effectiveness, and customer centric processes.
The client base includes publicly held companies, private corporations, and family-owned businesses – many of them in the middle market (annual revenues up to $1 billion) - with a variety of capital structures and a range of debt structures. The companies are world wide in a full spectrum of industries – from the technology and service sectors to “old economy” manufacturing and distribution.
POSITION OVERVIEW
The Managing Director will assume the leadership role of the Midwest U.S. office of our client. The position will involve a mix of both new business development and client engagement work.
RESPONSIBILITIES
Client Engagement
• Engagement Strategy – Develop, plan, assist in execution, including key meetings, identification of scope of client needs (market additional services as needed), and situation strategies.
• Recovery Plan Development – Assist or orchestrate the development of a recovery plan with the company’s share holders and constituents.
• Engagement Management and Administration – May vary from situation to situation. Could range from higher level meetings, closing of engagement, key customer meetings, etc. to a more total engagement administration and management role.
New Business Origination/Marketing
• Proactively call on key referral sources to originate new business opportunities.
• Assist and orchestrate the early stage engagement strategy and recovery plan for prospective new clients.
• Deliver the above to the client and outside constituents using effective communication skills.
• Attend, participate, join committees and present at various industry functions and within industry organizations (TMA, ACG, CFA, ABI, etc.) to promote the firm to develop image/brand awareness.
Administrative Responsibilities
• Run all day-to-day aspects of Chicago office
• Develop longer term strategy to build Chicago office through new business development, marketing, recruiting and developing staff, coaching and reviewing work product of junior staff and engagement staffing..
• Work directly and report to the firm's Vice Chairmen.
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| Education and Certifications/Licenses: |
Bachelors |
| Mandatory Minimum Qualifications: |
EXPERIENCE/REQUIREMENTS
• Significant experience in turnaround, restructuring and crisis management (debtor, creditor, unsecured creditors committee, bankruptcy, liquidation and sell-side advisory work).
• Minimum 15 years overall consulting and related experience in restructuring/turnaround.
• Established reputation and relationships with key referral sources (private equity, banks, hedge funds, asset based and leveraged cash flow lenders, CPA firms, law firms and selective investment banks).
• Ability and willingness to travel extensively when necessary.
• Effective and persuasive communication skills, including public speaking.
• Bachelor’s degree in finance or accounting preferred; MBA is also preferred.
• Candidates should have one of the following designations – CPA, CTP, CIRA and/or CFA.
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| Preferred Qualifications: |
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| Additional Comments: |
Must 1) have the right contacts, 2) be able to originate client engagements in addition to being able to execute them. |
| Benefits: |
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| Overnight Travel: |
50% |
| Relocation Assistance: |
Yes |
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