Advisory Manager Turnaround and Restructuring

Mergers & Acquisitions | Transactions M&A
Same job available in 3 locations

Chicago, Illinois, United States

Dallas, Texas, United States

New York, New York, United States

Position Summary

Advisory Manager – Turnaround and Restructuring

The Deloitte Turnaround and Restructuring practice is a premier team of advisory professionals specializing in providing turnaround/interim management, restructuring, performance improvement, bankruptcy accounting, and lender/creditor advisory services to companies, lenders, investors, and their stakeholders. Learn more about Deloitte Risk and Financial Advisory’s Restructuring practice.

Work you’ll do 

As a Manager within our practice, you will:

  • Advise clients on the complex issues surrounding critical financial and economic events, and high-profile transactions
  • Identify opportunities for efficiencies in process and innovative approaches to completing scope of work
  • Build, manage, and evaluate3-statement financial models, conduct financial analysis, and create financial statement projections
  • Prepare, manage, and analyze 13-week cash flow models, in both in and out-of-court situations
  • Plan and lead interviews with clients to understand complex financial and operational situations
  • Lead project work streams, including overseeing and review the day-to-day work of junior staff with oversight from project leadership
  • Develop ad-hoc financial and operational data and KPI analyses as requested by senior team members
  • Create client-ready deliverables and make presentations to clients
  • Build strong relationships with clients and identify areas to expand our business
  • Participate in market-building activities, including preparation of proposal / pitch and marketing materials
  • Assist with the building of internal tools and templates to support our client service offerings
  • Understanding of the key operational performance drivers of a business
  • Ability to extract useful information from data
  • Communicates effectively to all levels of engagement management, professional demeanor, and strong communication skills, both written and oral
  • Proven experience effectively prioritizing workload to meet deadlines and work objectives
  • Ability to manage aspects of multiple work streams and train lower-level staff
  • Uses problem solving skills to provide alternative solutions to complex issues 
  • Ability to assume full responsibility for quality control and accuracy of client deliverables



  • Bachelor’s in Accounting, Finance, and/or Economics
  • Minimum of 6-8 years of work experience in corporate restructuring, Rx or distressed investment banking, commercial bank credit, and/or consulting or corporate positions with a financial or accounting focus
  • Willingness to travel up to 50%, as required
  • Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future
  • Demonstrate experience in the following areas:
    • Experience on company-side and lender advisory restructuring engagements
    • Advanced skills in Excel; practical experience financial modeling including the ability to build a 13-week cash flow and three statement financial model from scratch
    • Understanding of the bankruptcy process
    • Strong company and industry research ability, including tools such as CapitalIQ, Refinitiv, Reorg, and similar
    • Analysis of cash flows and preparation of 13-week cash flow forecast models
    • Advanced Microsoft Word, PowerPoint ability; Alteryx, tableau, SQL, Power BI a bonus


  • Prior corporate finance or restructuring experience strongly preferred
  • MBA preferred
  • Professional certification such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Turnaround Professional (CTP), or Certified Insolvency and Restructuring Advisor (CIRA) or demonstrated progress toward such certifications

For individuals assigned and/or hired to work in New York state, Deloitte is required by law to include a reasonable estimate of the compensation range for this role. This compensation range is specific to New York state, and takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $159,060 to $265,100.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Recruiting tips

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At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits. Learn more about what working at Deloitte can mean for you.
Our people and culture

Our diverse, equitable, and inclusive culture empowers our people to be who they are, contribute their unique perspectives, and make a difference individually and collectively. It enables us to leverage different ideas and perspectives, and bring more creativity and innovation to help solve our client most complex challenges. This makes Deloitte one of the most rewarding places to work. Learn more about our inclusive culture.
Our purpose

Deloitte’s purpose is to make an impact that matters for our clients, our people, and in our communities. We are creating trust and confidence in a more equitable society. At Deloitte, purpose is synonymous with how we work every day. It defines who we are. We are focusing our collective efforts to advance sustainability, equity, and trust that come to life through our core commitments. Learn more about Deloitte's purpose, commitments, and impact.
Professional development

From entry-level employees to senior leaders, we believe there’s always room to learn. We offer opportunities to build new skills, take on leadership opportunities and connect and grow through mentorship. From on-the-job learning experiences to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.

As used in this posting, “Deloitte Advisory” means Deloitte & Touche LLP, which provides audit and enterprise risk services; Deloitte Financial Advisory Services LLP, which provides forensic, dispute, and other consulting services; and its affiliate, Deloitte Transactions and Business Analytics LLP, which provides a wide range of advisory and analytics services. Deloitte Transactions and Business Analytics LLP is not a certified public accounting firm. Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. These entities are separate subsidiaries of Deloitte LLP.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.

Requisition code: 144373


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