Managing Director, Restructuring
Alvarez & Marsal Holdings, LLC
Paris, FR
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Managing Director, Restructuring

France

Companies, investors, lenders and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to activate change and achieve results.

Privately-held since 1983, A&M is a leading global professional services firm that delivers performance improvement, turnaround management and business advisory services to organizations seeking to transform operations, catapult growth and accelerate results through decisive action.

Our senior professionals are experienced operators, world-class consultants and industry veterans who draw upon the firm's restructuring heritage to help leaders turn change into a strategic business asset, manage risk and unlock value at every stage.

Over the last 35 years A&M has grown from a premier restructuring boutique to a global consulting firm with more than $1 billion in revenues.

Establishing a presence in Europe over 17 years ago, the European business now has some 800 staff in a broad range of professional services including : Restructuring, Insolvency, Lender Advisory, Transaction Services, Tax Advisory and Valuations in addition to Performance Improvement.

A&M's European Restructuring practice has focused on big ticket company side financial restructuring and CRO appointments and has delivered on some of the largest European restructuring cases such as Abengoa, Edcon and Isolux.

Our pan European Restructuring practice is expanding and therefore, an opportunity exists for us to strengthen the team at the Managing Director level in France.

Reporting to the European Head of Restructuring at Alvarez & Marsal, the successful appointee will have responsibility for continuing to build the profile and reputation of A&M as a leading global professional services firm that delivers critical assistance to companies that are under-performing or experiencing a full-blown liquidity crisis.

Working directly with company management, Alvarez & Marsal helps stabilise financial and operational performance by developing and implementing comprehensive profitability and working capital improvements.

Alvarez & Marsal's involvement reassures creditors that the company is taking important steps to address its problems and maximise its value.

We work with leading Global private equity houses and their portfolio companies on an international basis as well as high profile investment banks and multi-national companies.

  • Specifically, the Managing Director will be responsible for;
  • Executing the vision and direction for the continuing build out of the French Restructuring practice including : building a robust yet flexible plan to generate deal flow and develop a sustainable business.
  • The successful appointee will be an expert in selling and delivering assignments.

  • Attracting and developing a group of experienced professionals to drive growth, in addition to quickly assimilating and leveraging existing capability at A&M.
  • Coordinating across the broader A&M in Europe and globally in areas such as portfolio development and key account management, drawing together the industry and functional expertise needed to serve our clients.
  • The successful candidate will have a highly developed network across Corporate and Private Equity companies, in addition to business leaders more broadly, and be seen as a trusted advisor on how businesses can most effectively improve the returns on their investments.

    They will be skilled in selling and delivering assignments to their established network.

    Our MD will also be a high-energy and successful leader with extensive knowledge and experience in Operational Restructuring and Turnaround gained at a major advisory firm.

    They may have held a CRO or a similar senior line management role within a business of significant size, scale and complexity in addition to Advisory.

    A breadth of sector experience is helpful.

    In addition, the successful candidate will also possess excellent negotiating skills, ideally gained in an operational restructuring environment, whether in the context of negotiating with banks or dealing with management teams or trade unions, commercial / supplier agreements or closure of an entity / divestment of assets.

  • Successful hires should demonstrate the following capabilities;
  • A demonstrable track record in converting business contacts and leads into sustainable, profitable revenue streams
  • Experience in Turnaround Management, including business plan development, financial projections development and review, designing and implementing cash conservation guidelines and controls
  • Ability to conduct an initial rapid diagnostic into the company's immediate and future cash needs, product profitability, cost base, major operational issues, market position and options for restructuring
  • Reviewing performance figures and analysing data to develop fact-based analysis to examine the root cause of problems
  • Robust understanding of accounting and business plan modelling
  • Additional desirable capabilities include;
  • Demonstrate recent, relevant leadership experience in a bankruptcy or turnaround situation
  • Connections with and exposure to private equity (large and mid-cap), associated with restructuring and turnaround
  • Typically, successful appointees in the Restructuring team are;
  • Action oriented self-starters with entrepreneurial flair
  • Comfortable working independently in addition to leading high performing teams
  • Possess excellent financial skills, analytical rigour and a demonstrable track record of success in a leading Advisory firm or as a CRO of an international business of significant size, scale and complexity
  • Have a proven track record in operational restructuring including the optimization of all aspects of a business
  • Proven expertise in Turnaround and Restructuring gained in a major advisory firm
  • Fluency in or native French is essential and additional European languages are advantageous including English.

    Academics and qualifications

  • Partner or very senior level leadership experience within a Restructuring practice at a leading Advisory firms
  • A Bachelor’s degree from an accredited university, MA or MBA degree is highly advantageous
  • The preferred candidate could have a combination of advisory and line management with P&L responsibility
  • Fluency in one or more European languages, besides French is highly desirable
  • Personal Style

  • Thrives in a fast-paced, challenging, and uncertain environment with a high tolerance for ambiguity
  • Excellent written and verbal communications skills, confident, charismatic and impactful presenter.
  • Objective, fact-based approach to problem solving
  • Hands-on and non-hierarchical operator who is equally effective in managing up and down and relates well at all levels and cultures
  • Driven by values and integrity, straight talker, builds confidence and leads by example
  • Demonstrable ability to balance a high-level view with detail
  • Can quickly establish credibility at both Board and operational level the successful appointee will have substantial operational business experience, not just the theoretical view
  • Voluntary Inclusion

    It is Alvarez & Marsal’s policy to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, sex, sexual orientation, family medical history or genetic information, political affiliation, military service, pregnancy, marital status, family status, religion, national origin, age or disability or any other non-merit based factor in accordance with all applicable laws and regulations.

    Unsolicited Resumes from Third-Party Recruiters

    Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters were engaged to provide candidates for a specified opening.

    Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M 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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