Managing Director, Turnaround Consulting

Hilco Global•Northbrook, IL

3d•$275,000 - $345,000•Hybrid

About The Position

The turnaround consulting practice within Hilco Global Professional Services tackles urgent, complex challenges with speed and impact. As former executives, operators and investors, the team combines blue chip experience with intense focus to consistently deliver tailored solutions across operational turnarounds and financial restructurings. Uniquely, the team executes alongside Hilco Global's integrated platform of valuation, monetization, real estate and capital solutions businesses, advising clients and their stakeholders as they navigate critical points of inflection. The Managing Director, Turnaround Consulting at Hilco Global represents a unique opportunity to assume a wide range of responsibilities and make a significant impact. This Managing Director is a client delivery leadership position for highly capable professionals to make substantial contributions to overall firm growth. The Managing Director will focus on developing new and existing client relationships as well as ensuring all aspects of strategic, operational and financial engagements are delivered with the highest quality standards and impact. You will support key initiatives, manage discrete workstreams and work closely with senior leaders across the Hilco Global platform. If you thrive in a high-performance culture and want to help build the next chapter of a global advisory and principal investment firm, this is the right role for you.

Requirements

Bachelor's degree from a top undergraduate program
Invested in a team-based culture, motivated to collaborate in office four days per week and willing to work at client sites as needed
Significant experience in the areas of strategic, financial or operational consulting, investment banking, restructuring / distressed investing, private equity, lending and/or industry roles
Proven leader in the delivery of high-value work that exceeds client expectations
Demonstrated capability of developing new business transformation, restructuring and interim management
Deep experience supervising other professionals and acting in a manner that serves to motivate, develop and bring out the best in others. Provides clear direction, coaching and mentoring to team members
Mastery of financial modeling including ability to review three statement models, 13-week cash flows, dynamic KPI packages and complex ad hoc analysis
Superior written and verbal communication skills, including executive-ready presentation and reporting skills
High attention to detail, responsiveness and ownership mindset
Track record of success in high-pressure, client-facing environments

Responsibilities

Work directly with senior personnel at Hilco Global and our clients to develop comprehensive solutions to complex operational and financial challenges across the business lifecycle including formulating and implementing value creation and business transformation plans, contingency planning and bankruptcy preparation / execution
Partner with affiliated Hilco Global businesses — including valuation, appraisal, asset monetization, real estate and capital solutions — to bring the full platform to bear on client situations
Oversee liquidity management (cash flow forecasting, treasury operations and stakeholder communications), case administration (filing preparation, bankruptcy reporting, claims support and plan support) and supporting the development and formulation of business / restructuring plans
Review executive reporting packages including key performance indicators (KPIs), financial performance, budget, board of director presentations and stakeholder presentations
Present KPIs, financial performance, budget, board of director presentations, stakeholder presentations
Review detailed financial projections and business plans
Work with the Hilco Global team of Associates to Managing Directors to lead execution of all deliverable workflows
Assess organizational and individual structures and effectiveness
Identify areas for operational improvements and cost reduction
Lead business development and client relationship efforts
Identify and re-allocate resources to operational, growth, financial and strategic initiatives with highest risk adjusted return
Lead various operational, financial and management meetings and key constituent communications / negotiations
Contribute to the origination and selling of projects including experience pitching to or partnering with senior executives, private equity firms, lenders, lawyers and other related buyers
Advise clients and make decisions that demonstrate expertise, synthesizing the core drivers of both the clients' business, situational analyses and the underlying complexity of the situation to maximize value
Provide coaching and mentorship to junior team members
Contribute to creating a high-performing and inclusive culture