Director - Turnaround & Restructuring Consulting

Job Description:

Position Overview
We are seeking a highly accomplished, results-driven Director to join our dynamic team and lead complex turnaround and restructuring engagements. The ideal candidate will possess deep expertise in financial modeling, forecasting, and operational analysis, particularly in distressed and turnaround scenarios. With a strong foundation in finance and experience in guiding underperforming and bankrupt businesses, this role requires a strategic leader capable of delivering actionable solutions and driving meaningful business transformations. If you thrive in high-pressure environments, have a passion for driving business recovery, and have the leadership qualities to mentor junior talent while managing high-stakes client relationships, we encourage you to apply.

Key Responsibilities:

• Financial Analysis & Operational Assessments: Lead the preparation of comprehensive financial analyses and operational assessments for distressed businesses, identifying critical issues and crafting actionable solutions to drive recovery.
• Cash Flow Forecasting: Prepare and manage 13-week cash flow projections, liquidity forecasts, and integrated financial statements, ensuring financial stability during periods of distress.
• Business Recovery Plans & Performance Improvement: Develop business recovery plans and performance improvement strategies tailored to individual client needs, focused on improving profitability, operational efficiency, and long-term sustainability.
• Client and Stakeholder Interaction: Cultivate and maintain relationships with key stakeholders, including C-level executives, attorneys, M&A advisors, and lenders. Act as the primary point of contact for clients, managing communications and expectations at all levels.
• Engagement Management: Oversee engagements, ensuring project milestones are met while delivering high-quality results. Maintain client relationships through consistent updates, reporting, and active problem-solving.
• Restructuring & Bankruptcy Expertise: Provide expert guidance on Chapter 11 reorganization, cash management strategies, and financing solutions, leveraging a deep understanding of corporate bankruptcy processes and procedures.
• Crisis Management & Recovery Leadership: Manage workout processes, including cash flow crisis management and working capital optimization, ensuring businesses recover from financial distress effectively.
• Due Diligence & Strategic Alternatives: Oversee due diligence processes, including vetting business plans, assessing financial health, and developing strategic alternatives to stabilize or restructure businesses.
• Team Leadership & Mentorship: Lead, mentor, and manage junior staff and analysts, providing guidance and fostering a culture of collaboration and professional growth.
• Sales Referral Sources - Continue building a personal network of referral sources from which to eventually earn sales referrals across the lending, legal, and private equity industries. Attend local industry and restructuring/turnaround events, and reach out to potential contacts, to broaden personal network. Begin sourcing sales referrals for new engagements.
• Sales & Business Development: Actively participate in the business development process, including preparing pitch materials, presentations, and proposals. Engage in sales calls and interviews to secure new clients and expand firm opportunities.
• Hands-on experience in or supporting interim executive roles, particularly as an Interim CFO, in a variety of industries, including manufacturing, retail, and services, is preferred.
• Proven track record of successfully managing complex financial situations, including leading financial strategy, operations, and financial reporting during periods of distress, operational restructuring, or financial transition.
• Practice Development: Drive practice growth by identifying opportunities for service expansion and developing internal capabilities to enhance client offerings.
• Advisor Relationships: Build strong advisor/consultative relationships with C-suite executives, lenders, and other key decision-makers to ensure alignment on strategic goals and facilitate smooth execution of turnaround plans.

Qualifications:

• Education: A bachelor's degree in Finance, Accounting, Economics, or a related field is required; an advanced degree (MBA, MS in Finance) is highly preferred.
• Professional Experience: At least 10+ years of experience in turnaround consulting, investment banking, workouts, distressed asset management, or management consulting. Strong track record of successfully managing restructuring or turnaround projects in distressed situations.
• Financial Modeling Expertise: Advanced proficiency in financial modeling and the ability to build clean-sheet financial models (13-week cash flow, three-statement projections). Deep understanding of financial structures in distressed situations, including forecasting and liquidity management.
• Operational Insight: Demonstrated operational experience in identifying and implementing improvements across financial and operational functions. Ability to understand and resolve key operational inefficiencies.
• Strategic & Analytical Skills: Strong analytical skills with the ability to quickly assess complex financial and operational issues, propose creative solutions, and drive impactful change. A proven track record of turning data into actionable business insights.
• Corporate Finance & Accounting Knowledge: Expert knowledge of corporate finance, accounting principles, and related terminology, with the ability to apply them to distressed businesses.
• Leadership & People Management: Proven ability to manage teams, foster talent development, and mentor junior staff in a high-performance environment. Strong management skills and the ability to lead diverse teams through challenging projects.
• Client Relationship Management: Extensive experience in managing client relationships, providing strategic guidance, and ensuring high levels of client satisfaction in demanding, high-pressure situations.
• Crisis Management & High-Pressure Decision-Making: Comfort and experience in managing crisis situations, maintaining focus, and making critical decisions under pressure. Ability to provide clarity and direction in ambiguous, fast-paced environments.
• Ethics & Integrity: High ethical standards, integrity, and professional judgment, ensuring that all work is conducted in accordance with legal, regulatory, and professional guidelines.
• Travel Requirements: Ability and willingness to travel up to 80% as required by client needs and project demands.

Preferred Qualifications:

• Certifications: Relevant certifications such as CFA, CPA are a plus.
• Industry Experience: Specific experience in sectors such as healthcare, energy, manufacturing, education, or retail/consumer products is advantageous, particularly in handling distressed assets and restructuring in those industries.
• Restructuring Knowledge: In-depth knowledge of Chapter 11 and other restructuring processes, with a strong focus on turnaround strategies, creditor negotiations, and post-bankruptcy operations.
• Technological Proficiency: Familiarity with ERP systems, financial software tools, and advanced financial analysis platforms that support decision-making in distressed environments.

Personal Attributes

• Strategic Visionary: A forward-thinking leader who can develop and execute long-term strategic plans that drive business transformation in distressed situations.
• Client-Centric Approach: Highly client-focused, with a commitment to delivering exceptional service and creating customized solutions that address client needs.
• Decision-Maker: A confident decision-maker, capable of analyzing complex scenarios and providing clear recommendations to clients and internal teams.
• Adaptable & Resilient: Thrives in dynamic, uncertain environments, displaying resilience and the ability to pivot as required in response to new challenges and opportunities.
• Proactive & Results-Oriented: A self-starter who is driven by outcomes and committed to achieving results, even in high-pressure, high-stakes situations.

In compliance with New York State Pay Transparency Law, the base salary range for this role in Illinois is between $175,000-260,000. This range does not include discretionary bonus or other forms of compensation or benefits offered in connection with this job. Several factors are considered when determining a candidate's compensation. Please note that the salary range listed for this position is based on the level of experience outlined in the job description. If a candidate's experience differs from the requirements, the salary may be adjusted accordingly.

Hilco Global is an equal opportunity employer. Qualified candidates will be considered on merits and without regard to race, religion, color, national origin, age (40 and older), sexual orientation, genetic information, marital status, gender, veteran, or disability status.

Hilco Global strives to comply with all applicable local/state regulations regarding displaying salary ranges. Any offered salary is determined based on relevant factors such as applicant's skills, job responsibilities, prior relevant experience, certain degrees and certifications and market considerations.

In addition, Hilco Global is proud to offer a comprehensive, competitive benefits package, with options designed to help you make the best decisions for yourself, your family, and your lifestyle. Available benefits are based on eligibility. Our Total Rewards package includes a variety of medical and dental plans, vision coverage, disability and life insurance, 401(k) plans, and a robust suite of personal well-being benefits to support your mental health. https://hilcoglobal.com/careers-about/

Hilco Global is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.