Manager- Restructuring Services

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Date: Jun 30, 2022

Location: Toronto, Ontario, Canada

Company: Deloitte

Job Type: Permanent 
Reference code: 101042   
Primary Location: Toronto, Ontario, Canada 
All Available Locations: Toronto; Burlington; Kitchener; London; Ottawa; Vaughan; Windsor 

 

Our Purpose

At Deloitte, we are driven to inspire and help our people, organization, communities, and country to thrive. Our Purpose is to build a better future by accelerating and expanding access to knowledge. Purpose defines who we are and gives us reason to exist as an organization.

By living our Purpose, we will make an impact that matters.

Work in a collaborative team analyzing client issues and financial performance data
Learn all aspects of formal and informal corporate restructuring
Work with clients to solve their most complex financial issues

What will your typical day look like?

 

As a Manager you will: 


•    Work in a collaborative and diverse team analyzing client issues and interviewing key client and/or debtor personnel
•    •    Assist in all aspects of formal and informal restructurings, which may involve financial analysis  and planning, (e.g. cash flow preparation, cost benefit option analysis, financial reporting for court reports and stakeholders), report writing and presenting, taking possession of assets, operating insolvent entities, supporting negotiations with counterparties (e.g. claimants, customers, investors and/or buyers) and dealing with stakeholders through periods of crisis.
•    Become familiar with the Bankruptcy and Insolvency Act and other relevant legislation (i.e. Companies’ Creditors Arrangement Act)., Income Tax Act, etc.).  Pursuit of the Chartered Insolvency and Restructuring Professional (“CIRP”) and Licensed Insolvency Trustee (“LIT”) accreditations is required of our team members (visit www.CAIRP.ca) for more details on this education and qualification process. 
•    Participate in the development of proposals and presentations to clients.  This may include sector and/or specific target research to identify prospects for the RS team to pursue.
•    Liaise with client executives, lawyers and financial professionals as required.  Build a network of relevant lenders, investors and lawyers.
•    Identify issues, define symptoms and recommend solutions
•    Prioritize your objectives and contribute to project planning and status reporting
•    Analyze financial data, review accounting records and develop financial models
•    Oversee and direct staff – both Deloitte RS team members and debtor staff.
•    Develop additional skills while supporting Deloitte’s Financial Advisory practice where demand requires such support.
 

About the team

 

Restructuring Services (RS) Canada is a national Deloitte practice that is part of the Global RS practice that provides advisory services to owners, lenders, investors management and regulators of challenged and under-performing businesses.  Assignments can range from the operational/financial restructuring and/or turnaround of businesses to formal insolvency proceedings (e.g. BIA, CCAA).  Our professionals work collaboratively with debtor clients in financial crisis, enabling them to survive and regain profitability. We systematically address the key strategic, operational and financial trouble spots of a business to rapidly diagnose any problem. Our professionals then identify immediate stabilizing activities, provide operational and performance improvement advice, and address debt-structuring and refinancing, or recovery needs.  Alternatively, we assist our creditor and investor clients in recovering their loans and investments in distressed debtor companies.

Enough about us, let’s talk about you

•    Must have a CPA or MBA or other accounting designation.  Successful candidates will be required to enrol in the CIRP Qualification Program if they are not already in this program.
•    2-5 years of relevant work experience.
•    Strong commitment to professional client service excellence.
•    Excellent interpersonal relations and demonstrated ability to work with others effectively in teams.
•    Superior verbal and written communication skills
•    Ability to work on more than one mandate or project aspect at a time.  Also has the stamina to work on long term engagements (i.e. >1 year+).
•    Ability to develop and present new ideas and conceptualize new approaches and solutions.  Comfortable in new situations that require bespoke solutions.  
•    Proven analytical skills and systematic problem solving.  Willingness to bring innovative solutions to restructuring problems.
•    Willingness to work on non-traditional core-restructuring engagements.
•    Developed or developing a network of clients and referral partners.
•    Canadian travel required, occasional international travel. Candidates must be able to enter the USA to work on client assignments.
  
…then we want to hear from you!

 

Our shared values

While our Purpose guides us and helps explain why we exist, our shared values describe the behaviour we expect from each other at the firm.

They provide common ground to unite us across cultures and geographies. They help us to earn the trust and respect of our stakeholders. We all commit to living by these shared values, to stay true to the principles they represent, and to honour the legacy from which they came. They are what sets us apart and makes us Deloitte.

Every day, we live our Purpose through the following five shared values:

  • Lead the way: Deloitte is not only leading the profession, but reinventing it for the future. We’re also committed to creating opportunity and leading the way to a more sustainable world.
     
  • Serve with integrity: Deloitte has earned the trust of employees, clients, regulators, and the public for 175 years. Upholding that trust is our single most important responsibility.
     
  • Take care of each other: We look out for one another and prioritize respect, fairness, development, and well-being.
     
  • Foster inclusion: We are at our best when we foster an inclusive culture and embrace diversity in all forms. We know this attracts top talent, enables innovation, and helps us deliver well-rounded client solutions.
     
  • Collaborate for measurable impact: We approach our work with a collaborative mind¬set, teaming across businesses, geographies, and skill sets to deliver tangible, measurable, attributable impact.



The next step is yours
 

Sound like The One Firm. For You? Apply Now
 

At 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 AccessAbility Action PlanReconciliation Action Plan and the BlackNorth Initiative.

We encourage you to connect with us at accessiblecareers@deloitte.ca if you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations). We’d love to hear from you!

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 30 offices with representation across most of the country. We acknowledge our offices reside on traditional, treaty and unceded territories as part of Turtle Island and is still home to many First Nations, Métis, and Inuit peoples. We are all Treaty people.


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