Manager/Senior Manager, Turnaround & Restructuring

Deloitte

  • Toronto, ON
  • $83,000-144,000 per year
  • Permanent
  • Full-time
  • 1 month ago
Job Type: Permanent
Work Model: Hybrid
Reference code: 127025
Primary Location: Toronto, ON
All Available Locations: Toronto, ON; Calgary, AB; Vancouver, BCOur PurposeAt Deloitte, our Purpose is to make an impact that matters. We exist to inspire and help our people, organizations, communities, and countries to thrive by building a better future. Our work underpins a prosperous society where people can find meaning and opportunity. It builds consumer and business confidence, empowers organizations to find imaginative ways of deploying capital, enables fair, trusted, and functioning social and economic institutions, and allows our friends, families, and communities to enjoy the quality of life that comes with a sustainable future. And as the largest 100% Canadian-owned and operated professional services firm in our country, we are proud to work alongside our clients to make a positive impact for all Canadians.By living our Purpose, we will make an impact that matters.
  • Have many careers in one Firm.
  • Enjoy flexible, proactive, and practical benefits that foster a culture of well-being and connectedness.
  • Learn from deep subject matter experts through mentoring and on the job coaching
--What will your typical day look like?No two days will be the same, but the successful candidate will be responsible for assisting in all aspects of formal and informal restructurings, which may involve taking possession of assets, operating insolvent businesses, preparing and monitoring cash flow forecasts, undertaking strategic options analysis, reporting to Court, lenders and other parties, performing various financial analysis to help assess the viability of companies, and dealing with stakeholders through periods of crisis.You will be responsible for managing a team on projects and will interact with lenders, business owners and management teams to develop options to resolve various financial challenges. You will also participate in the development of proposals and presentations to clients and carry out industry research. This may include sector and/or specific target research to identify prospects for the team to pursue.As part of this role, you will also be expected to pursue the Chartered Insolvency and Restructuring Professional (“CIRP”) designation and work towards becoming a Licensed Insolvency Trustee. Alternatively, you will possess an equivalent accreditation in another jurisdiction.About the teamTurnaround, Restructuring Services & Cost Transformation (“TRCT”) is a national Deloitte practice providing professional services to owners, lenders, management and regulators of challenged and under-performing businesses. Work can range from the financial turnaround or restructuring of businesses to formal insolvency proceedings. Our professionals work collaboratively with clients in financial crisis, enabling them to survive and regain profitability. They systematically address the key strategic, operational and financial trouble spots of a business to rapidly diagnose any problem. Our professionals can then identify immediate stabilizing activities, provide operational and performance improvement advice, and address debt-structuring and refinancing, or recovery needs.Enough about us, let’s talk about youAre you someone with:
  • An undergraduate degree with strong academic credentials
  • A CPA (or successful CFE writer waiting to qualify as a CPA)
  • 2 to 5 years of relevant insolvency or turnaround experience
  • A familiarity with the Bankruptcy and Insolvency Act, the
  • Companies’ Creditors Arrangement Act, and other relevant legislation
  • Strong analytical and financial modeling skills
  • Strong verbal and written communication skills
  • MS Excel, MS PowerPoint and MS Word skills
  • Proven analytical skills and a history of systematic problem solving and a willingness to bring innovative solutions to restructuring problems
  • Strong interpersonal and interview skills, particularly in crisis situations
  • Flexibility for mobility for out-of-town assignments
  • Professional flexibility to support valuation, forensic, corporate finance, transaction services, value creation services or other deal needs
  • A desire for new experiences and constant growth
…then we want to hear from you!Total RewardsThe salary ranges for this position is between $83,000 - $144,000 (Manager) and $105,000 - $208,000 (Senior Manager), and individuals may be eligible to participate in our bonus program. Deloitte is fair and competitive when it comes to the salaries of our people. We regularly benchmark across a variety of positions, industries, sectors, targets, and levels. Our approach is grounded on recognizing people's unique strengths and contributions and rewarding the value that they deliver.Our Total Rewards Package extends well beyond traditional compensation and benefit programs and is designed to recognize employee contributions, encourage personal wellness, and support firm growth. Along with a competitive base salary and variable pay opportunities, we offer a wide array of initiatives that differentiate us as a people-first organization. On top of our regular paid vacation days, some examples include: $4,000 per year for mental health support benefits, a $1,300 flexible benefit spending account, firm-wide closures known as "Deloitte Days", dedicated days of for learning (known as Development and Innovation Days), flexible work arrangements and a hybrid work structure.Our promise to our people: Deloitte is where potential comes to life.Be yourself, and more.We are a group of talented people who want to learn, gain experience, and develop skills. Wherever you are in your career, we want you to advance.You shape how we make impact.Diverse perspectives and life experiences make us better. Whoever you are and wherever you’re from, we want you to feel like you belong here. We provide flexible working options to support you and how you can contribute.Be the leader you want to beSome guide teams, some change culture, some build essential expertise. We offer opportunities and experiences that support your continuing growth as a leader.Have as many careers as you want.We are uniquely able to offer you new challenges and roles – and prepare you for them. We bring together people with unique experiences and talents, and we are the place to develop a lasting network of friends, peers, and mentors.The next step is yoursAt Deloitte, we are all about doing business inclusively – that starts with having diverse colleagues of all abilities. Deloitte encourages applications from all qualified candidates who represent the full diversity of communities across Canada. This includes, but is not limited to, people with disabilities, candidates from Indigenous communities, and candidates from the Black community in support of living our values, creating a culture of Diversity Equity and Inclusion and our commitment to our , and the .We encourage you to connect with us at if you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations) or for any questions relating to careers for Indigenous peoples at Deloitte (First Nations, Inuit, Métis).By applying to this job you will be assessed against the Deloitte Global Talent Standards. We’ve designed these standards to provide our clients with a consistent and exceptional Deloitte experience globally.Deloitte Canada has 20 offices with representation across most of the country. We acknowledge that Deloitte offices stand on traditional, treaty, and unceded territories in what is now known as Canada. We recognize that Indigenous Peoples have been the caretakers of this land since time immemorial, nurturing its resources and preserving its natural beauty. We acknowledge this land is still home to many First Nations, Inuit, and Métis Peoples, who continue to maintain their deep connection to the land and its sacred teachings. We humbly acknowledge that we are all Treaty people, and we commit to fostering a relationship of respect, collaboration, and stewardship with Indigenous communities in our shared goal of reconciliation and environmental sustainability.

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