At a Glance
- 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 £ 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 £130,000 + Discretionary Bonus. Please do submit your CV if interested, and can arrange a time to speak.
Director of Turnaround in Colchester employer: Empresaria Group plc
Join a leading accountancy firm that champions autonomy and innovation, offering you the freedom to shape your role as the Director of Turnaround. With a strong focus on professional development and a collaborative work culture, you'll have the opportunity to lead impactful recovery projects while building lasting relationships in a supportive environment. Enjoy the flexibility of a fully remote position with occasional travel, allowing you to balance your professional ambitions with personal commitments.
StudySmarter Expert Advice🤫
We think this is how you could land Director of Turnaround in Colchester
✨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, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Director of Turnaround in Colchester
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 mention your JIEB qualification!
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 leading turnaround projects and how they relate to what we do.
Showcase Your Network:We love seeing candidates who can leverage their professional network. Mention any key relationships you have that could benefit our firm, especially in terms of client origination and stakeholder management.
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 process.
How to prepare for a job interview at Empresaria Group plc
✨Know Your Turnaround Strategies
Make sure you brush up on the latest turnaround strategies and frameworks. Be ready to discuss specific cases where you've successfully implemented these strategies, as this will show your hands-on experience and expertise in leading recovery engagements.
✨Showcase Your Network
Since building relationships is key in this role, come prepared with examples of how you've leveraged your professional network in past roles. Highlight any significant connections that could benefit the firm and demonstrate your ability to originate new opportunities.
✨Demonstrate Financial Acumen
Be ready to dive deep into financial analysis and cash flow management. Prepare to discuss your approach to assessing business viability and liquidity, and have a few examples of actionable recommendations you've made in previous roles to stabilise distressed businesses.
✨Leadership Style Matters
As a Director, your leadership style will be crucial. Think about how you can articulate your approach to coaching and developing team members. Share specific instances where you've set objectives and fostered a collaborative culture, as this will resonate well with the firm's values.
