Senior Vice President of Turnaround Strategies

1 week ago


Chicago, Illinois, United States Accordion Full time
Company Overview

At Accordion, we believe in transforming the finance landscape, particularly in realizing the value potential within private equity-backed portfolio companies. Our approach involves collaborating closely with sponsors and management teams throughout all phases of the investment lifecycle, providing hands-on, execution-focused support to enhance the CFO's office.

Working at Accordion means being part of a diverse team of over 1,000 finance and technology professionals in a dynamic, high-growth environment that encourages innovation and collaboration. You will have the opportunity to shape the future of Accordion while contributing to a culture dedicated to collective success.

Accordion operates from multiple locations globally, with a strong presence in the financial hub of New York City.

Turnaround & Restructuring

Our esteemed turnaround and restructuring advisory team is dedicated to serving a wide range of clients across various industries, with a particular emphasis on the middle market. We pride ourselves on our team of experienced professionals who have a proven history of generating value through operational turnarounds and financial restructurings.

We are seeking skilled Turnaround & Restructuring professionals to enhance our team. In this role, you will deliver comprehensive financial and operational support on client projects across diverse sectors; leveraging your expertise and on-the-job training to produce reports, models, and deliverables that inform strategic decisions related to client turnaround and restructuring goals.

This position offers flexibility, allowing for a hybrid work model where candidates can work remotely several days a week, fostering both efficiency and collaboration.

Key Responsibilities:
  • Analyze current and historical business performance along with capital structure.
  • Develop detailed 13-week cash flow forecasts to assess liquidity needs.
  • Create sophisticated financial models reflecting the client's past and potential future performance.
  • Assist in formulating and preparing corporate strategic plans.
  • Provide support for the execution of approved business strategies.
  • Engage with client personnel and management to achieve project objectives.
  • Develop and evaluate business options and contingency plans as required.
  • Effectively gather, analyze, and organize extensive data sets, even when incomplete.
  • Contribute to the creation of high-quality client deliverables.
  • Offer interim support on operational functions as directed.
  • Assist in the preparation and administration of bankruptcy processes.
Qualifications:
  • Bachelor's degree in Finance or Accounting is preferred.
  • Graduate degree in business with a focus on finance, accounting, or operations is advantageous.
  • A minimum of 6 years of relevant professional experience is required.
  • Hands-on experience in developing and maintaining dynamic financial models and cash flow forecasts.
  • Proficiency in Microsoft Word, Excel, and PowerPoint is essential.
  • Ability to build and maintain strong relationships with colleagues and stakeholders.
  • Expertise in conducting quantitative and qualitative analyses, particularly in financial modeling and performance analysis.
  • Experience in delivering independent business reviews and cash flow assessments.
  • Capacity to excel in a fast-paced and challenging environment.
  • Strong understanding of financial statement analysis.
  • Excellent analytical and business writing skills.
  • Ability to work independently while knowing when to seek guidance.
Personal Attributes:
  • A proactive self-starter with a robust work ethic.
  • A natural leader who sets an example for others.
  • A collaborative team player who engages effectively with colleagues at all levels.
  • Skilled in communicating complex issues and solutions clearly.
  • Comfortable managing multiple projects while maintaining focus on individual tasks.
  • Enthusiastic about contributing to a growing team focused on future success.
  • Possesses an entrepreneurial mindset and thrives in a flat organizational structure.
  • Knowledgeable about the dynamics between Private Equity sponsors and portfolio companies.
  • Dedicated to providing exceptional client service.
  • Enjoys mentoring others and contributing to meaningful projects.
  • Willing to engage in detailed project work while maintaining a broad perspective.
  • Open to travel as required by client needs.

Salary: $150,000 to $180,000 plus benefits and bonuses.

Actual compensation packages are determined based on various factors unique to each candidate, including skill set, experience, education, and internal equity.

Accordion is an Equal Opportunity Employer committed to building a diverse team that reflects a variety of backgrounds and perspectives. We do not discriminate based on race, color, religion, marital status, age, national origin, disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected by law.

As per Accordion policy, we do not accept unsolicited resumes from third-party recruiters unless engaged for a specific opening aligned with our diversity values.

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