Restructuring and Insolvency Manager

Job Description

Who we are and what we do The Restructuring & Insolvency (R&I) Midlands Regional Team is a fast paced business providing advisory and executory restructuring services across the Midlands to a range of clients, including banks, corporates and other stakeholders. We work out of our landmarkoffices in One Chamberlain Square, central Birmingham, and Donington Court in East Midlands. As part of the largest and most-experienced Restructuring services business in the UK, we are at the heart of PwCs purpose to build trust in society and solve important problems. We provide support and guidance to our clients in troubled financial situationsto help them overcome complex, financial, operational and strategic challenges at pace. Being part of the Midlands 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 the challenges facing their business. These projects include independent business reviews (IBRs), strategic reviews,cash flow forecasting, options assessments for our client or the organisation facing challenges, stakeholder management, and/or financial restructuring.
• Executory restructuring - we advise on restructuring solutions and how insolvency processes can be used to minimise losses / maximise recoveries for all stakeholders. Our work includes all aspects of pre-insolvency advice and options assessment, contingencyplanning, or executing administrations, liquidations (solvent and insolvent) and other rescue mechanisms (CVA / Scheme of Arrangement).

Typical projects

• Independent Business Reviews , which require a 360 degree review of all or part 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 and providing recommendations to key stakeholders and investors.
• Undertaking insolvency work, where other options are not achievable.

How we workThe Midlands team operates alongside other regional teams, 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 varietiesof circumstances, with the PwC values at the core of what we do. It provides a great opportunity and platform for all members of the team to work on the cutting edge of the latest technology, and within Deals there is encouragement to try different things,collaborate with colleagues from different specialties and different teams to come up with innovative solutions for clients. In terms of other benefits;

• We work under the PwC empowered flexibility deal which includes the empowered day and hybrid working
• A highly competitive bonus and benefits package, with generous matched pension
• Were committed to building a culture of inclusion that empowers all of our people to thrive and feel a sense of belonging at PwC

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 undertakeAs a Manager, youll work as part of a team 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 notlimited 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 clients 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 teams 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) </l