Line of Service Advisory

Industry/Sector Not Applicable

Specialism Deals

Management Level Director

& Summary A Chief Restructuring Officer (CRO) plays a crucial role in guiding a company through financial distress or significant organizational change. The CRO\'s role is dynamic and may vary based on the specific circumstances of the
company. Their primary objective is to lead the organization through a successful restructuring process and position it for long-term sustainability.

Their roles and responsibilities often include:

1. Financial Assessment

• Conduct a thorough analysis of the company\'s financial situation, identifying key challenges, cash flow issues, and areas requiring restructuring.

2. Developing Restructuring Strategies

• Formulate and implement strategies to address financial issues, improve operational efficiency, and restore the company\'s financial health.

3. Stakeholder Communication

• Communicate effectively with stakeholders, including creditors, investors, employees, and possibly regulatory bodies, keeping them informed about the restructuring process and its implications

4. Cost Management

• Implement cost-cutting measures and operational improvements to
• enhance the company\'s financial viability.

5. Negotiating with Creditors

• Engage in negotiations with creditors to restructure debt, renegotiate terms, or explore alternative financing options to alleviate financial pressures

6. Operational Improvement

• Identify and implement operational changes to enhance the company\'s competitiveness and efficiency.

7. Legal and Regulatory Compliance

• Ensure that the restructuring process complies with relevant laws and regulations, and address any legal challenges that may arise.

8. Risk Management

• a. Identify and manage risks associated with the restructuring process, including potential legal, financial, and operational risks.

9. Cash Flow Management

• Develop and implement strategies to improve cash flow, ensuring the company\'s ability to meet its financial obligations.

10. Leadership and Change Management

• Provide strong leadership during times of uncertainty, manage change effectively, and motivate the organization to adapt to the restructuring initiatives.

11. Stakeholder Alignment

• Align the interests of various stakeholders with the restructuring goals, fostering collaboration and support for the turnaround efforts.

12. Performance Monitoring

• Establish key performance indicators (KPIs) and monitoring mechanisms to track the progress of restructuring initiatives and adjust strategies as needed.

Location: Dubai, UAE.

Project Duration: 6 months, subject to extension.

Years of experience: Minimum of 15-20 years in restructuring and as a Chief Restructuring Officer.

Financial Acumen \xe2\x80\x93 strong understanding of financial principles, budgeting, cash flow

Strategic Thinking - ability to develop and executive effective restructuring strategies

Leadership \xe2\x80\x93 strong leadership to guide the organization through times of distress and inspire confidence

Negotiation \xe2\x80\x93 proficiency in negotiations with creditors, stakeholders and other parties to achieve favorable terms

Communication skills \xe2\x80\x93 effective communication skills to convey complex financial information, provide transparency and maintain stakeholder confidence

Change management \xe2\x80\x93 experience in managing organizational change including the ability to assess and address resistance

Risk management \xe2\x80\x93 identify and mitigating risks associated with financial distress and restructuring activities

Result oriented \xe2\x80\x93 focus on achieving rapid and tangible results and improvements in the company\xe2\x80\x99s financial and operational performance

Crisis Management \xe2\x80\x93 experience in managing crisis situations and making timely demission to address urgent issues

Adaptability - flexibility to adapt to evolving circumstances and adjust strategies accordingly (ability to think on their feet under stress)

Education (if blank, degree and/or field of study not specified) Degrees/Field of Study required:

Degrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Required Skills

Optional Skills

Desired Languages (If blank, desired languages not specified)

Travel Requirements Not Specified

Available for Work Visa Sponsorship? Yes

Government Clearance Required? No

Job Posting End Date

PwC