Marsh & McLennan Companies

Turnaround and Restructuring Associate

Marsh & McLennan Companies

Chicago, IL, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Are you a skilled problem-solver with a passion for helping businesses thrive? Do you thrive in fast-paced environments and have a keen eye for identifying opportunities for improvement? If so, we have an exciting opportunity for you to join our team as a Turnaround and Restructuring Associate at Marsh & McLennan Companies.As a Turnaround and Restructuring Associate, you will play a crucial role in helping struggling businesses turn their operations around and achieve long-term success. You will work closely with our team of experts to develop and implement strategic plans that address financial, operational, and organizational challenges faced by our clients.To excel in this role, you must have a strong understanding of financial and business concepts, as well as excellent analytical and communication skills. A degree in finance, accounting, or a related field is required, and previous experience in turnaround and restructuring is highly preferred.If you are a driven and results-oriented individual who is ready to make a meaningful impact, we encourage you to apply for this position and join our dynamic team at Marsh & McLennan Companies.

  1. Develop and implement strategic plans to address financial, operational, and organizational challenges faced by struggling businesses.
  2. Work closely with a team of experts to identify opportunities for improvement and develop solutions to drive long-term success for clients.
  3. Conduct thorough financial analysis and review of business operations to identify key issues and develop action plans.
  4. Collaborate with clients to understand their needs and provide tailored recommendations to address their specific challenges.
  5. Keep up-to-date with industry trends and best practices in turnaround and restructuring to continuously improve processes and strategies.
  6. Effectively communicate complex financial and business concepts to clients and team members.
  7. Utilize strong problem-solving skills to overcome obstacles and drive successful outcomes for clients.
  8. Maintain a high level of professionalism and confidentiality while working with sensitive financial information.
  9. Collaborate with cross-functional teams to ensure seamless execution of turnaround and restructuring initiatives.
  10. Assist in the development of presentations and reports to communicate progress and results to clients and stakeholders.
  11. Conduct research and analysis to support the development of new business opportunities.
  12. Stay organized and manage multiple projects simultaneously to meet deadlines and deliver high-quality work.
  13. Adhere to company policies and procedures and maintain compliance with regulatory requirements.
  14. Actively participate in training and development opportunities to enhance skills and knowledge in turnaround and restructuring.
Where is this job?
This job is located at Chicago, IL, USA
Job Qualifications
  • Strong Financial Background: A Successful Turnaround And Restructuring Associate At Marsh & Mclennan Companies Should Possess A Deep Understanding Of Financial Analysis, Accounting Principles, And Financial Modeling To Effectively Assess The Financial Health Of A Distressed Company.

  • Experience In Turnaround And Restructuring: The Ideal Candidate Should Have Significant Experience In Leading Turnaround And Restructuring Projects In Various Industries. This Includes Experience In Developing And Implementing Strategic Plans, Negotiating With Stakeholders, And Managing Complex Financial Transactions.

  • Excellent Communication And Interpersonal Skills: As A Turnaround And Restructuring Associate, One Must Be Able To Effectively Communicate With Clients, Stakeholders, And Team Members. Strong Interpersonal Skills Are Crucial For Building Relationships And Driving Collaboration In A High-Pressure And Dynamic Environment.

  • Analytical And Problem-Solving Skills: The Ability To Analyze Complex Financial Data, Identify Key Issues, And Develop Creative Solutions Is Essential For A Turnaround And Restructuring Associate. This Role Requires A Detail-Oriented And Analytical Mindset To Make Informed Decisions And Drive Successful Outcomes.

  • Knowledge Of Legal And Regulatory Frameworks: Understanding Of Bankruptcy Laws, Debt Restructuring Processes, And Regulatory Requirements Is Critical For A Turnaround And Restructuring Associate. This Knowledge Enables Them To Navigate Complex Legal And Regulatory Challenges And Ensure Compliance Throughout The Restructuring Process.

Required Skills
  • Financial Analysis

  • Change Management

  • Project Management

  • Data Analysis

  • Negotiation

  • Risk assessment

  • Business planning

  • Due Diligence

  • Problem-Solving

  • Stakeholder Communication

  • Restructuring Strategies

Soft Skills
  • Communication

  • Conflict Resolution

  • Decision Making

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Turnaround and Restructuring Associate in Chicago, IL, USA is $80,000-$120,000 per year. This may vary depending on the specific company, years of experience, and other factors.

Additional Information
Marsh & McLennan Companies is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedFebruary 19th, 2024
Apply BeforeSeptember 18th, 2025
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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc. is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.

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