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- Tasks: Lead turnaround projects for struggling businesses and implement effective recovery strategies.
- Company: Established accountancy firm known for autonomy and growth opportunities.
- Benefits: Competitive salary, discretionary bonus, and remote work flexibility.
- Other info: Join a dynamic team with a collaborative culture and strong career development.
- Why this job: Make a real difference by helping businesses recover and thrive.
- Qualifications: JIEB-qualified with extensive experience in restructuring and turnaround cases.
The predicted salary is between 78000 - 130000 ÂŁ per year.
The Director of Turnaround will lead the firm’s recovery and turnaround practice, helping distressed and underperforming businesses stabilise cash flow, protect value, and deliver sustainable performance improvement. The role combines hands-on client delivery, stakeholder management, and practice leadership across a network of regional offices. This is an exciting role, to support rapid growth at a national and very well established accountancy firm, renowned for an autonomy and freedom to operate - trusted to curate and build your own role.
Key Responsibilities
- Lead major turnaround and recovery engagements for SME and mid-market clients, from initial diagnostic through to delivery.
- Assess business viability, liquidity, and funding needs, providing clear options and actionable recommendations.
- Design and implement cash flow, cost-reduction, and working capital plans to stabilise distressed businesses.
- Negotiate with key creditors (including tax authorities) to achieve sustainable restructuring outcomes.
- Advise boards on the full range of recovery and restructuring options, collaborating with insolvency specialists where appropriate.
- Leverage your professional network to originate new opportunities and build enduring client and referrer relationships.
- Lead multi-disciplinary teams across corporate finance, tax, and advisory disciplines to deliver integrated solutions.
- Oversee project delivery, financial performance, and reporting to ensure quality, profitability, and client satisfaction.
- Represent the firm at industry events, acting as a visible ambassador for the turnaround and restructuring practice.
People Leadership
- Provide clear direction and leadership to the turnaround team, setting objectives and performance standards.
- Coach and develop team members through on-the-job learning and structured professional development.
- Promote a collaborative yet performance-driven culture aligned with firm values and sound risk management.
Candidate Profile
- JIEB-qualified insolvency or turnaround professional (mandatory), with extensive post-qualification experience.
- Proven track record leading complex, high-value restructuring or turnaround cases (“big-ticket” engagements).
- Strong UK restructuring and insolvency knowledge, including director duties and creditor negotiation.
- Demonstrable personal business network and a portable “black book” of client, lender, and adviser relationships.
- ACA/ACCA (or equivalent) also desirable.
- Exceptional financial analysis, cash forecasting, and stakeholder communication skills.
- Entrepreneurial, commercially driven, and confident in business development.
Location and Travel
This role is fully remote with some travel to client site as required.
Salary is up to ÂŁ130,000 + Discretionary Bonus. Please do submit your CV if interested, and can arrange a time to speak.
Director of Turnaround in Cambridge employer: Empresaria Group plc
Contact Detail:
Empresaria Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director of Turnaround in Cambridge
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to your contacts. We all know that who you know can sometimes matter just as much as what you know.
✨Showcase Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your experience in turnaround situations. Share specific examples of how you've helped businesses recover and thrive. We want to see your skills in action!
✨Be Ready for the Interview
Prepare for interviews by brushing up on common questions related to turnaround strategies and stakeholder management. We recommend practising your responses with a friend or even in front of the mirror to boost your confidence.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team and ready to take on the challenge of leading turnaround efforts.
We think you need these skills to ace Director of Turnaround in Cambridge
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Director of Turnaround role. Highlight your turnaround and recovery experience, and don’t forget to showcase your leadership skills!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you’re the perfect fit for this role. Share specific examples of your past successes in turnaround situations and how you can bring that expertise to our team.
Showcase Your Network: We love seeing a strong professional network! Mention any key relationships you have that could benefit our firm. This could be clients, lenders, or advisers – let us know how you can leverage these connections.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and get the ball rolling on your application. We can’t wait to hear from you!
How to prepare for a job interview at Empresaria Group plc
✨Know Your Stuff
Make sure you brush up on your knowledge of turnaround strategies and restructuring processes. Be ready to discuss specific cases you've worked on, especially those that involved complex negotiations with creditors. This will show that you’re not just familiar with the theory but have real-world experience.
✨Showcase Your Network
Since this role relies heavily on relationships, be prepared to talk about your professional network. Highlight how you've leveraged these connections in past roles to create opportunities or solve problems. It’s all about demonstrating that you can bring value through your existing relationships.
✨Demonstrate Leadership Skills
As a Director, you'll need to lead teams effectively. Share examples of how you've coached and developed team members in previous roles. Discuss your approach to setting objectives and maintaining a performance-driven culture, as this will resonate well with the interviewers.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving skills. Think about potential challenges you might encounter in a turnaround situation and how you would address them. This will help you demonstrate your analytical thinking and decision-making abilities.