Restructuring and Insolvency Manager - North Regions
Location
Manchester | United Kingdom
Job description
Who we are and what we do
The Restructuring & Insolvency (R&I) North Regional Team is a fast growing business unit providing advisory and executory restructuring services across the North of England to a range of clients, including banks, corporates and other stakeholders.
As part of the largest and most-experienced Restructuring services business in the UK, we are at the heart of PwC's purpose 'to build trust in society and solve important problems'. We provide support and guidance to our clients in troubled financial situations to help them overcome complex, financial, operational and strategic challenges at pace.
Being part of the Manchester R&I team provides a unique opportunity to gain experience across both advisory and executory restructuring service offerings:
- Corporate restructuring advisory - we provide hands-on support to our clients, helping them to consider and develop solutions for navigating through challenges facing their business. These projects include independent business reviews (IBRs), strategic reviews, cash flow forecasting, options assessments for the organisation or its stakeholders, stakeholder management, and/or financial restructuring.
- Executory restructuring - we advise on restructuring solutions and how insolvency processes can be used to maximise outcomes for all stakeholders. Our work includes all aspects of pre-insolvency advice and options assessment, contingency planning, or executing administrations, liquidations (solvent and insolvent) and other rescue mechanisms (CVA / Scheme of Arrang ement).
Typical projects - Independent Business Reviews , which require a 360 degree review of a business, either on behalf of lenders, shareholders or other stakeholders.
- Reviewing and supporting management teams to analyse and manage their cash flow and working capital positions , as well as forecasting their future requirements.
- Options reviews and contingency planning when clients are facing challenging circumstances that threaten their prospects of continuing to trade.
- Managing key stakeholders and investors.
- Undertaking insolvency work, where other options are not achievable.
How we work The Manchester team operates alongside other local R&I teams across the North, forming part of our national R&I team. As a team, we work flexibly from our offices across the UK and, where required, from client sites or other PwC offices.
R&I is a Market Team within the Restructuring & Forensics (R&F) business unit which is part of the Deals Line of Service. We work collaboratively with our Deals and wider PwC colleagues to deliver a full suite of services to meet our clients' needs in all varieties of circumstances.
We offer a full breadth of restructuring and transaction services to our clients, combined with offering continued developmental and career progression opportunities for our team.
The role you will undertake As a Manager, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategic planning and negotiation through to execution and implementation. PwC Professional skills and responsibilities for this management level include but are not limited to:
- Working with senior colleagues in the business to manage small project teams for bespoke clients and situations or assisting in the management and delivery of larger complex projects.
- Supporting to identify client and stakeholder needs , supporting project teams in discussing solutions with clients and managing stakeholder communications
- Using your own commercial experience, sector experts across the Firm and technology to undertake critical financial analysis of client forecasts and business plans.
- Maintaining a keen interest in the latest digital tools available to you within the Firm and how these can support us in solving complex client problems.
- Undertaking and overseeing analysis , including the identification of the root cause of financial / operational issues while also being able to adopt a more holistic perspective to a problem.
- Developing strategic options and engaging in stakeholder discussions and negotiations to achieve a client's strategic objectives.
- Producing reports / presentations for a range of clients and stakeholders, across both advisory and executory (i.e. insolvency) appointments.
- Creating an inclusive environment which ensures different opinions are heard, our people can flourish and we get the best outcomes for our clients.
- Being actively involved in business development activities and networking with potential new clients and intermediaries. Identifying new opportunities and innovative areas for us to support our clients.
- Helping to foster a culture of continual development through the continuous investment in your own and your team's personal development and technical acumen, including initiating open and honest coaching conversations.
The following skills are required for this role:
- Advisory experience from a finance consultancy or advisory firm is preferred but is not a prerequisite to success in this role.
- Qualified accountant - ACA/ACCA preferred.
- Sound financial analytical skills , including use of Google Sheets/ Microsoft Excel / digital equivalent.
- Strong commercial awareness in restructuring and/or insolvency, plus a genuine interest in how businesses work.
- Strong leadership and team management skills.
- Flexibility in terms of diverse industries and role.
- Willingness to participate in marketing and business development .
- A commitment to continued personal development .
- Report writing skills including use of Google Slides / Microsoft Powerpoint (Including Smart preferred but not essential).
You'll be joining a team which welcomes your outlook and knowledge, whilst providing you the opportunity to develop your skill set further within one of the world's leading professional organisations.
With an increasingly agile workforce, we're open to flexible working requirements where appropriate and have many successful arrangements currently in place. Our hybrid ways of working offer flexibility to our working arrangements and a number of our team work on this basis.
You will need to be willing to travel and be flexible around your working location. This could require working away from your base office location on a regular basis and regular overnight stays may be required at times. Where possible, we will take your preferences into account and strike a balance between meeting your career development / personal needs and those of the business and our clients.
Prior experience in financial restructuring and/or corporate finance advisory is not a prerequisite to success in this role. We have developed our team from a wide range of backgrounds, providing a supportive and collaborative environment to develop your restructuring skills.
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