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Vice President (Turnaround and Restructuring Practice)

Company Description

Are you looking to join an organization that is growing and dynamic? What about a high-energy, collaborative environment that rewards hard work?

J.S. Held is a global consulting firm providing technical, scientific, and financial expertise. Our professionals serve as trusted advisors to organizations facing high-stakes events demanding urgent attention, staunch integrity, and clear-cut analysis. The firm provides a comprehensive suite of services enabling clients to navigate complex, contentious, and often catastrophic situations.  We have over 100 locations worldwide. We are highly committed to all members of our community, both employees and clients. Our organization focuses on promoting a sense of community and inspiring our people to achieve results that exceed goals.

Job Description

Phoenix Management, a part of J.S. Held’s Global Turnaround and Restructuring Practice provides companies and their investors, legal counsel, financial institutions, with the information required to make well-informed business decisions. With experts located across the globe, we support clients in North America, Latin America, Europe, Africa, Asia Pacific, and the Middle East.

Within Phoenix Management, we are leaders in the boardroom, C-suite, and on the shop floor.  Together, we are “in the room” to regularly interact with our clients at all levels to assess and address the real challenges and to develop solutions that solve complex problems facing our clients.  We identify areas of opportunity across the operations landscape, develop improvement strategies, and convert that strategy into action to optimize performance.

Job Summary

Our Turnaround and Restructuring Practice has openings available at the VP/Director level. The candidate will join an experienced and closely-knit team of turnaround & restructuring professionals, with deep experience in leading, planning, and solving the most complex client situations. The ideal VP/Director candidate will possess 5-10 years of post-graduate experience in turnaround and restructuring roles. 

Job Responsibilities

The ideal candidate will possess a demonstrated track record with significant turnaround and/or workout restructuring experience including interim/crisis management, complex cash flow projections and operational restructuring.  Success in this position will be measured by both successfully executing and sourcing new deal flow.

Responsibilities include but are not limited to:

  • Financial Analysis and Modeling: Conduct detailed financial modeling, review and analyze large amounts of financial data, and develop projections to support turnaround strategies. This includes:
    • Creating and maintaining complex financial models to forecast cash flows, profitability, and liquidity.
    • Performing sensitivity analyses to understand the impact of various financial scenarios.
    • Evaluating financial statements to identify trends, risks, and opportunities for improvement.
    • Developing comprehensive financial reports and presentations for stakeholders.
  • Operational Restructuring: Assess business plans, conduct due diligence, and develop and implement various business strategies for turnaround and profitability improvement. This includes:
    • Analyzing operational processes to identify inefficiencies and areas for cost reduction.
    • Designing and implementing restructuring plans to optimize operational performance.
    • Collaborating with management teams to develop and execute strategic initiatives.
    • Monitoring and reporting on the progress of restructuring efforts to ensure alignment with business goals.
  • Transaction Management: Lead mergers and acquisitions, restructuring, sales, and business wind down processes.
  • Client and Network Development: Expand and exploit our existing referral network, and integrate the successful candidate’s referral network with the firm’s existing platform.
  • Leadership and Presentation: Lead presentations to referral sources, potential clients, and existing clients, demonstrating expertise and building trust.

This position requires travel to clients, at times extensive.

We are looking for candidates possessing:

  • Strategic Thinking:  Keen intellectual curiosity and the ability to align the broader objectives with the operational challenges and needs for change to meet long-term business goals.
  • Attention to Detail:  Meticulous approach to analyzing data, identifying solutions, and implementing changes.
  • Leaders in Change:  Ability to inspire and guide teams through change.
  • Adaptability:  Capacity to thrive in a dynamic, fast-paced, often chaotic environment.

Qualifications

  • Ideally, 5-10+ years of broad-based experience in all aspects of turnaround, restructuring and distressed situations in professional service or consulting firms, financial institutions or equity firms representing middle market companies.
  • Must have a thorough understanding of financial modeling and valuation analysis, data management, capital advisory services and the M&A process, deal structuring and negotiation.
  • Management of and participation in the financial and operational reviews of a wide variety of business clients.
  • Ability to lead significant projects with minimal oversight.
  • Demonstrated capabilities for turnaround, interim management (CEO/CFO/CRO) in larger tiered client environments and M&A diligence assignments.
  • Ability to develop and implement strategies designed to restore our client’s performance.
  • Prior participation in Quality of Earnings assignments relating to transaction advisory services a plus.
  • Prior experience with Chapter 11 bankruptcies, sales through Section 363 auctions, and/or DIP financing is strongly desired.
  • Understanding of the asset-based lending environment and borrowing base certificates.
  • Lead and participate in a variety of marketing and business development activities to further mature the current Strategic Advisory presence in the marketplace as appropriate.
  • Undergraduate degree in finance or related field. MBA or other advanced degree is strongly preferred.
  • CTP, CFE or CIRA a plus

 

J.S. Held is dedicated to becoming the global leader in providing multi-disciplinary consulting services to the wide array of constituents, most notably, the legal, lender and investor communities and additionally: construction, government, healthcare, industrial, insurance, energy, legal, communities. We have diverse practice areas, most notably providing interim executive, fiduciary, investor, operational and investment banking services. In addition, we provide: Construction Advisory, Financial Investigations, Forensic Accounting & Economics, Forensic Architecture & Engineering, Surety, Environmental Health & Safety, Equipment, Toxicology, and Building & Property Consulting, among other disciplines.  J.S. Held is devoted to recruiting and cultivating top industry talent to build a collaborative and diverse team of experts.  We leverage our experience to provide cost-efficient solutions and unrivaled client experience. We embrace diversity and are proud to be an equal opportunity employer.  Our commitment to building a team and environment that fosters professional and personal enrichment is unwavering. We are greater when we are equal!

 

Our mission is to serve as trusted, expert advisors to organizations around the world facing high-stakes situations that demand urgent attention, exceptional knowledge, staunch integrity and objective, clear-cut analysis and advice.

A reasonable estimate of the salary range for this role is $150k - $180k. Any offered salary range is based on a wide array of factors including but not limited to skillset, experience, training, location, scope of role, management responsibility, etc.

Some of the Benefits We Have Include

J.S. Held understands all of our employees are people and sometimes life needs flexibility.  We work to always provide an environment that best supports and suits our team’s needs.

  • Our flexible work environment allows employees to work remotely, when needed
  • Flexible PTO Policy(unlimited-subject to policies)
  • Medical, Dental, and Vision Insurance
  • 401k Match
  • Commuter Benefits

EEO Statement 

J.S. Held LLC provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, J.S. Held LLC complies with applicable state and local laws governing nondiscriminatory employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, recall, transfer, leaves of absence, compensation, and training. 

J.S. Held LLC expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with J.S. Held LLC employees’ ability to perform their job duties may result in discipline up to and including discharge. 

Other Duties 

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. 

By submitting your application, you acknowledge that you have read the J.S. Held Online Privacy Notice and hereby freely and unambiguously give informed consent to the collection, processing, use, and storage of your personal information as required and described therein.

Please explore what we’re all about at www.jsheld.com. We are proud to be an EEO/AA employer.

 

 

 

#LI-RC1

Additional Information

All your information will be kept confidential according to EEO guidelines.

Average salary estimate

$165000 / YEARLY (est.)
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$150000K
$180000K

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What You Should Know About Vice President (Turnaround and Restructuring Practice), J.S. Held LLC

If you’re looking for an opportunity to truly impact businesses in challenging times, then the Vice President role in the Turnaround and Restructuring Practice at J.S. Held in Philadelphia, PA is perfect for you. This position is not just about maintaining the status quo; it’s about rolling up your sleeves and diving into challenging situations headfirst. At J.S. Held, we pride ourselves on being trusted advisors to organizations facing high-stakes scenarios. In this role, you'll be part of an experienced team, providing vital expertise to clients across various industries worldwide. You'll leverage your skills in financial analysis and operational restructuring to identify opportunities for improvement and drive impactful changes. Your responsibilities will include financial modeling, managing crisis situations, leading transactions, and developing strategic initiatives. We are looking for someone with 5-10 years of experience in turnaround and restructuring roles, with a proven track record in managing complex challenges. Strong leadership skills and a knack for building trust with clients are essential, as you’ll need to present solutions to diverse stakeholders. Additionally, your insights will help execute turnaround strategies that lead organizations back to success. J.S. Held is committed to fostering a collaborative and dynamic work environment, where your contributions are valued and rewarded. Join us in creating paths to recovery for businesses, and let's achieve remarkable results together.

Frequently Asked Questions (FAQs) for Vice President (Turnaround and Restructuring Practice) Role at J.S. Held LLC
What are the key responsibilities of the Vice President in the Turnaround and Restructuring Practice at J.S. Held?

The Vice President in the Turnaround and Restructuring Practice at J.S. Held is responsible for a wide range of tasks that include conducting financial analysis and modeling, assessing and implementing operational restructuring strategies, managing transactions, and leading client presentations. This role is crucial for bridging communication between various stakeholders, ensuring that the turnaround strategies are communicated clearly and executed effectively.

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What qualifications are needed for the Vice President position at J.S. Held?

Candidates for the Vice President position in the Turnaround and Restructuring Practice at J.S. Held should ideally have 5-10 years of experience in turnaround and restructuring situations. A strong educational background in finance or a related field is essential, and an MBA or advanced degree is preferred. Additionally, certifications such as CTP, CFE, or CIRA would be a significant plus.

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What skills are essential for success as a Vice President at J.S. Held?

To succeed as a Vice President at J.S. Held, candidates must possess strong strategic thinking abilities, exceptional attention to detail, and the capacity to lead teams through change. Effective communication and presentation skills are also vital, as this role involves building trust with clients and stakeholders. Adaptability and a proactive approach to problem-solving are essential in navigating complex client situations.

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What can I expect in terms of collaboration and team dynamics as a Vice President at J.S. Held?

At J.S. Held, collaboration is at the heart of what we do. As a Vice President in the Turnaround and Restructuring Practice, you’ll join a tightly-knit team of professionals who are eager to share knowledge and work collectively towards solving our clients' challenges. The organization promotes a positive work environment where every team member’s input is valued, and your contributions will significantly impact client success.

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How does J.S. Held support the development of its Vice Presidents in the Turnaround and Restructuring Practice?

J.S. Held is dedicated to the professional and personal development of all its employees, including Vice Presidents in the Turnaround and Restructuring Practice. The firm provides access to training, mentorship programs, and networking opportunities within the industry. Additionally, our flexible work environment encourages growth and allows for a better work-life balance.

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Common Interview Questions for Vice President (Turnaround and Restructuring Practice)
Can you describe your experience with financial modeling in turnaround situations?

When answering this question, focus on instances where you used financial modeling to drive decision-making in past projects. Discuss specific techniques you employed, any software or tools you used, and the outcomes of your analyses, demonstrating how your work directly contributed to the success of turnaround efforts.

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How do you approach operational restructuring?

A strong response would include outlining your method for evaluating current processes, conducting due diligence, and identifying inefficiencies. Share examples where you've implemented successful restructuring initiatives, highlighting collaboration with management teams to develop strategies that align with business goals.

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What strategies do you employ for developing client relationships?

Your answer should emphasize the importance of trust, transparency, and consistent communication. Discuss networking techniques you've utilized and reference specific instances where you've successfully expanded a client base or strengthened existing relationships.

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Describe a challenging turnaround project you managed and how you approached it.

When discussing a challenging project, focus on your problem-solving skills. Describe the situation, the obstacles faced, your strategic response, and the results achieved. Highlight how your leadership made a difference in that scenario.

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What role does data analysis play in your decision-making process?

Emphasize your strong analytical skills and detail how data informs your strategic decisions. Provide examples of how you have utilized data analysis to uncover actionable insights and adjust turnaround strategies accordingly.

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How do you manage client expectations during a turnaround?

Your response should involve outlining your communication strategy with clients. Discuss how you ensure they are informed about project progress and potential impacts. Provide an example where your approach effectively maintained client trust during a difficult turnaround.

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What is your experience in leading transaction processes?

Here, you should highlight specific transactions you have led, explaining your role in the process from due diligence through to conclusion. Discuss how you navigated challenges while ensuring alignment with business objectives.

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How do you evaluate the effectiveness of your restructuring initiatives?

Explain the key performance indicators you track to assess success. Provide examples of how you use both qualitative and quantitative data to evaluate and refine initiatives, ensuring alignment with overall business growth.

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Describe a time when you had to influence a stakeholder's decision.

Share an experience demonstrating your persuasive skills, focusing on how you identified the stakeholders' needs and aligned your proposal with their goals. Highlight the tactics you utilized that effectively swayed their decision.

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What steps do you take to prepare for client presentations?

Discuss your thorough preparation process, detailing how you research client backgrounds, tailor presentations to their specific challenges, and practice delivery. Emphasize the importance of clarity and engagement in effectively communicating strategies.

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J.S. Held is a global consulting firm providing technical, scientific, and financial expertise across all assets and value at risk. Our professionals serve as trusted advisors to organizations facing high-stakes events demanding urgent attention, ...

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Full-time, hybrid
DATE POSTED
December 9, 2024

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