Senior Executive (Manager), EY Parthenon, Strategy & Execution, Financial Restructuring, Leeds

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Financial Restructuring - Senior Executive (Manager)

With huge amounts of economic disruption and uncertainty in today's market, companies and other organisations are facing real challenges to thrive or even survive. Having the right strategy in place to restructure or turn around an organisation can help turn adversity into opportunity. In Financial Restructuring (FR) we work with all types of stakeholders in critical situations to transform, create, preserve, or recover value.

The Opportunity

EY’s Financial Restructuring team in Leeds is one of the leading teams of its kind in the market, working with stressed and challenged businesses. FR is part of EY’s Strategy & Transactions business, working with companies and stakeholders at times of change, and often at an exciting pace. FR covers a number of different sub business units and geographies in the UK and you may have the opportunity to work across different teams in your career with FR.

Our clients can be companies, government bodies or financial stakeholders like lenders or shareholders. They might be on the brink of a crisis, or simply looking to build greater resilience into their business. In FR we work closely with our clients to deliver the financial and organisational solutions that enable them to adapt and succeed or minimise the downside risks that they are facing. The work involves understanding the drivers of value in a business and problem solving to manage the priorities of competing stakeholders. People who flourish in FR want to think broadly about what drives value in a company’s performance and the factors that can drive underperformance or failure. Many of our strong performers have moved from other disciplines (Audit, Tax, Forensics) or wider SaT and have varied experience and knowledge which can be applied to a range of project situations.

FR is a growing team expecting significant uptick in its market in the coming months, so there is real opportunity to develop and grow your career. Whilst we do work at pace at times, the team is a welcoming and inclusive place with a good balance of hybrid working and an enjoyable team environment. The team has an inclusive culture where you can bring your whole self to work with a good balance of hybrid working and enjoyable team environment.

Your Key Responsibilities

As a Senior Executive (Manager) in FR, you could be involved in all types of work looking at the things that drive a company’s performance or strategies to turn it around or restructure it. You may be analysing financial forecasts and preparing reports on your findings, interviewing client teams, or executing restructuring procedures.

Depending on the size and type of project, you may be part of a large project team or leading part of a team yourself, with all the support you need from peers and senior team members to help you learn and flourish in these roles.

We’ll want you to be active in establishing and nurturing relationships – both inside EY with different specialist teams across the firm, and externally – for example with client staff or junior lawyers – as relationship-building is an important and valued skill in FR.

You will also fit in to our positive learning culture from day one. You will bring your existing skills/knowledge and coach people in these where that is relevant and applicable to our work, and you will be valued for your efforts to coach and counsel junior team members to help them develop.

Skills and Attributes for Success

• Financial analysis and scenario modelling to support decision making and execution.
• Commercial acumen –using knowledge and insight gained from other client work and apply your understanding of the wider business environment.
• Ability to identify the key issues and flag them to seniors, with suggestions for next steps.
• Competent at translating analysis into content that can be incorporated directly into written reports for clients.
• Ability to share technical and other knowledge with the team drawing on previous experience and current learning
• Demonstrate professionalism and sensitivity to both the interpersonal dynamics and the wider firm risk of working with distressed businesses and their stakeholders
• Adapt well to change and have a flexible and positive approach
• Desire to support the people development of FR – contributing to or leading training courses, recruitment, and team / wellbeing activities.
• Desire to learn and proactive in seeking formal and informal learning and training opportunities.

To qualify for the role you must have

• Experience of working in a recognised Restructuring team and have held a recognised professional accountancy qualification for a minimum of 2 years
• Experience of working on independent business reviews and formal corporate insolvencies
• Willingness to adapt in a fast paced and changing environment to meet the needs of the business
• Appreciation of the sensitivity and heightened risk of working with people in distressed situations

Ideally, you’ll also have

• Ability to build your own network of contacts and deal professionally and competently with clients, management teams and others outside the firm.
• Skills or desire to be a good manager of people – providing feedback and performance reviews to junior staff.
• Ability to build strong internal relationships in FR and across other services and can actively participate in business development.

What we look for

We are looking for candidates who are highly motivated, ambitious, and have a passion to be part of a fast-paced, successful transaction team where we encourage everyone to bring their whole self to work. Being a collaborative team player is also important as well as someone who is happy to work flexibly throughout a period of growth within FR.

What we offer

We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

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