Restructuring & Insolvency - Senior Associate

Job Description

In Deals we solve the important problems that stand in the way of value being created, sustained, realised or protected for our clients - working together to aid responsible recovery and growth. Working on iconic deals with national and global clients,we put together major mergers and acquisitions and resolve business crises - from international take-over bids to financial crime investigations and cases of insolvency. We draw upon our deals experience across many industries to support and partner with ourclients, to positively impact society and the communities in which we operate. Who we are and what we doThe 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), strategicreviews, 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,contingency planning, 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 undertakeA typical assignment may include some or all of the following:

• Review of current financial position focussed on the key issues for lenders or corporates
• Assisting senior team members with financial restructuring advice to corporates, sponsors, lenders and funds
• Review (often in a short space of time) of businesses for long term viability, valuation and assessment of options (including contingency planning)
• Monitoring the cash flows of a business
• Support senior stakeholders to negotiate, agree and implement solutions
• Work alongside other PwC teams, including specialist lines of service and sector experts
• Preparation of presentations and/or reports to key stakeholders (e.g. lenders, private equity sponsors, management)
• Supporting Insolvency Practitioners with executory appointments including managing businesses through trading administrations
• Being involved in business development activities. 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 personal development and technical acumen

Essential skills and experience:

• Sound financial analytical skills with good commercial and business acumen
• Good understanding of key restructuring and insolvency principles, with prior working experience
• Strong interpersonal skills, comfortable communicating with senior stakeholders (internal and external)
• Desire to develop and train junior members of the team
• Good project and time management skills
• Ability to support marketing and business development, demonstrating a proactive approach to building a network in the marketplace
• Self starter with energy to work to tight deadlines in a pressurised working environment
• Flexibility in working location

Other preferable skills:

• Ideally full or part qualified ACCA, ACA or equivalent
• Experience at excel / financial modeling

You will need to be willing to travel and be flexible around your base working location. This could require working away from your base office location on a regular basis and regular overnight stays may be required at ti