Chicago Associate Turnaround & Restructuring
Posted 2025-03-14There?s a better way to work in finance?and more specifically, a better way to unlock value potential in private equity-backed portfolio companies. Working at the intersection of sponsors and management teams across every stage of the investment lifecycle, our team provides hands-on, execution-oriented support to elevate the office of the CFO.
So, what does it mean to work at Accordion? It means joining 1,400+ finance & technology experts in a high-growth, agile, and entrepreneurial environment while changing the way portfolio companies drive value. It also means making your mark on Accordion?s future?by embracing a culture rooted in collaboration and a firm-wide commitment to building something great, together.
Accordion is headquartered in New York City with 10 offices around the globe. Join us!
Our nationally recognized turnaround, restructuring and advisory team serves companies and their stakeholders across a wide spectrum of industries and sizes, with a focus on the middle market. We provide clients with a team of seasoned professionals who have notable track records of creating value through both operational turnarounds and financial restructurings.
We are actively recruiting Turnaround & Restructuring professionals to join our team. You will provide extensive financial and operational support on client engagements across a variety of industries and markets; utilize experience and on the job training to successfully deliver reports, models, work product and advice that helps guide the direction and decisions related to client turnaround and/or restructuring objectives.
This role will be based in our Chicago office and is a hybrid role with the flexibility to work remotely 2 days a week. Ideal candidates should be local to the desired location.
This position is not eligible for immigration sponsorship.
What You?ll Do:
? Perform analysis of current and historical business performance and capital structure
? Develop 13-week cash flow forecasts that outline the liquidity profile and cash needs
? Create dynamic financial models that exhibit the client?s historical and potential future performance
? Support the creation and preparation of corporate strategic plans
? Provide implementation support to approved business plans and strategies
? Engage with client personnel and management as necessary to achieve objectives
? Develop and furnish appraisal of business options and contingency plans as needed
? Effectively gather, analyze, and organize large data sets which may be incomplete
? Support the development of quality client deliverables
? Provide interim support on operating functions and job duties as directed
? Assist in bankruptcy preparation and administration
? Travel to client site as needed
Ideally, You Have:
? Bachelor?s degree in finance and/or accounting is preferred
? Graduate business degree with concentration in finance, accounting and/or operations preferred
? Minimum 3+ years of relevant professional work experience
? Hands-on experience building / developing / maintaining fully dynamic, integrated 3-statement financial, and 13-week cash flow models
? Highly proficient in Microsoft Word, Excel, and Power Point
? Ability to build and sustain strong and trusted relationships with colleagues and stakeholders
? Demonstrated expertise and aptitude with conducting quantitative and qualitative analyses, particularly with constructing integrated financial models, analyzing financial underperformance and related services
? Experience working on projects delivering independent business reviews, short term cash flow assessments, capital structure analysis, and contingency planning
? Capacity to thrive in a fast-paced, challenging, and uncertain environment
? Deep understanding of how to interpret and analyze financial statements
? Possess strong analytical and business writing skills
? Able to work well under pressure and independently yet understand when to ask for guidance
Ideally, You Are:
? A self-starter with a strong work ethic
? A leader of others; you lead by example
? A strong team player, able to work with team members across all levels
? Able to effectively communicate complex issues and solutions, and raise issues to senior team members when necessary
? Comfortable?
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