At a Glance
- Tasks: Support businesses in overcoming financial challenges and implement tailored strategies for success.
- Company: Join Ankura, a forward-thinking firm focused on innovation and growth.
- Benefits: Competitive salary, diverse projects, and opportunities for professional development.
- Other info: Dynamic team environment with excellent career progression opportunities.
- Why this job: Make a real impact by helping companies navigate complex restructuring challenges.
- Qualifications: Experience in financial restructuring and strong analytical skills are preferred.
The predicted salary is between 55000 - 65000 £ per year.
Ankura is a team of excellence founded on innovation and growth. This position supports the Ankura Turnaround & Restructuring practice - one of seven practices focused on client delivery services across the Firm.
When a company is experiencing financial or operational challenges, our Turnaround & Restructuring ('T&R') practice works with management to provide the level of stability required to successfully deal with the issues at hand. By quickly assessing the situation, we develop and implement a bespoke plan, providing strategic advice to companies’ boards and investors. Our interventions maximise recoveries among stakeholders and help clients navigate financial, operational, or strategic challenges which are often incredibly complex and multi-faceted.
Ankura’s EMEA T&R practice launched in 2021 with the recruitment of a group of senior practitioners from a variety of industry-leading T&R Firms. This team complements 300+ restructuring professionals globally and a further 2,000 professionals across the wider Ankura business. With ambitious growth aspirations, we are recruiting an experienced, driven Senior Associate to our team and are looking for someone who is entrepreneurially minded and wants to progress their career in the operational turnaround and corporate restructuring market.
Role Overview
The difference you will make:
- Joining a team which helps businesses to address their most complex and pressing concerns - working hand in hand with the decision makers of our clients, using some of the most advanced analytics, tools, and techniques.
- Working alongside respected leaders in the restructuring community, you will continually be exposed to learning and development opportunities to further develop your technical understanding and experience as you assist companies from a variety of sectors and industries through decisive changes around the globe.
- Execute critical project deliverables to ensure these objectives are met on-time, with the highest quality.
- Bring ideas, new opportunities, and unique ways to solve challenges and reach our shared goals.
- Dedicate time to further develop and deepen Ankura’s expertise in T&R, as well as leading and supporting Ankura Senior Managing Directors in business development initiatives.
Responsibilities
The primary responsibilities of a Senior Associate involve organising project work streams, achieving engagement objectives and assisting with business development:
- Financial Analysis: The assimilation of complex information to assess situations and formulate action plans through pragmatic and clear advice to the project team and clients.
- Financial Modelling: Produce detailed 13-week cash flow forecasts, 3 statement financial models and subsequent analysis (including cashflow sensitivity analysis, financial baselining and forecast reviews).
- Diagnostic and Planning: Identify key immediate improvements by understanding the challenges faced by clients and advocate for their adoption with company leaders through cost reduction, operational transformation and working capital improvements.
- Scenario Planning: Generation of consensual and non-consensual turnaround and restructuring options.
- Breaking down and solving problems through quantitative thinking and analysis.
- Expertise in turnaround projects across various industries, emphasizing operational restructuring and immediate performance boosts.
- Responsible for discrete deliverables within a project, with mentorship from senior team members.
- Direct roles for developing meaningful and trust-based relationships with clients and the wider Ankura firm.
- Engage in business development activities through client interactions and participation in industry events.
- Contribute to Ankura’s T&R growth in operational and financial restructuring through active case work, client relations, and creating valuable ideas and products.
Requirements
- Experience gained in any combination of Financial Restructuring.
- A degree in Business, Finance or Engineering, and/or a financial qualification such as CFA, ACA, ACCA is preferable but not essential.
- Strong quantitative, financial, analytical and modelling skills.
- Ability to manage complex projects and multiple stakeholders as part of a wider transformation / restructuring.
- Experience of developing business plans, financial projections, and identifying / implementing restructuring solutions; experience of valuation theory, methodologies, and applications.
- Also desirable: Experience of identifying and implementing levers to improve performance, including but not limited to - cost reduction, organisation health & redesign, supply chain & procurement, growth strategies and market analysis, cash and working capital management and optimisation, manufacturing optimisation, PMI and carve-outs, process mapping and redesign and strategic and business planning.
- Experience of actively managing multiple client and stakeholder relationships and networking within the client organisation to understand their needs and help influence the client agenda.
- Strong work ethic, capable of working at pace and performing in an unstructured environment along with being a collaborative team player with positive attitude, high ethical standards, contributing to an inclusive environment.
- Excellent verbal and written communication skills in English (additional language would be advantageous) in addition to a strong presence and leadership skills.
- Powerful interpersonal skills and high level of emotional intelligence to partner with executive management teams and passion for enabling leaders to drive change within organisations.
- Relevant experience in a Big 4 firm, investment banking, restructuring consultancy or relevant industry experience would be highly beneficial.
- Willingness to travel nationally and internationally and work overtime as needed.
Senior Associate, Turnaround and Restructuring, London employer: Ankura
Ankura is an exceptional employer that fosters a culture of innovation and growth, providing employees with the opportunity to work alongside industry leaders in the Turnaround and Restructuring field. Located in London, this role offers a dynamic environment where you can develop your skills through hands-on experience and mentorship, while contributing to meaningful projects that help businesses navigate complex challenges. With a commitment to employee development and a collaborative atmosphere, Ankura stands out as a place where your contributions are valued and your career can flourish.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Associate, Turnaround and Restructuring, London
✨Tip Number 1
Network like a pro! Reach out to your connections in the turnaround and restructuring space. Attend industry events, webinars, or even casual meet-ups. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Show off your skills! Prepare a portfolio that highlights your financial analysis and modelling expertise. When you get the chance to chat with potential employers, share specific examples of how you've tackled complex challenges in past roles.
✨Tip Number 3
Be proactive! Don’t just wait for job postings to pop up. Reach out directly to companies you admire, like Ankura, and express your interest in their work. A well-timed email can make all the difference!
✨Tip Number 4
Keep learning! Stay updated on the latest trends in turnaround and restructuring. Whether it’s through online courses or reading industry reports, showing that you’re committed to professional growth can set you apart from other candidates.
We think you need these skills to ace Senior Associate, Turnaround and Restructuring, London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Associate role. Highlight your experience in financial restructuring and operational turnaround, and don’t forget to showcase those analytical skills that are key for this position!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about turnaround and restructuring, and how your background makes you a perfect fit for Ankura. Keep it engaging and personal!
Showcase Your Problem-Solving Skills:In your application, give examples of how you've tackled complex challenges in the past. We love seeing candidates who can break down problems and come up with innovative solutions, so don’t hold back!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our team!
How to prepare for a job interview at Ankura
✨Know Your Numbers
As a Senior Associate in Turnaround and Restructuring, you'll need to demonstrate strong financial acumen. Brush up on your financial modelling skills and be ready to discuss cash flow forecasts and sensitivity analyses. Prepare examples of how you've used these skills in past roles.
✨Understand the Client's Challenges
Before the interview, research common challenges faced by companies in distress. Be prepared to discuss how you would approach diagnosing these issues and what strategies you might recommend. Showing that you can think critically about client needs will set you apart.
✨Showcase Your Project Management Skills
This role involves managing complex projects with multiple stakeholders. Be ready to share specific examples of how you've successfully led projects in the past, highlighting your ability to organise work streams and achieve objectives under pressure.
✨Demonstrate Your Interpersonal Skills
Strong communication and relationship-building skills are crucial in this role. Think of instances where you've effectively collaborated with clients or team members to drive change. Highlight your emotional intelligence and how it has helped you influence decision-makers.
