When you work for us, you commit to a career at one of the largest and most prestigious professional services firms in the world. Looking for a rewarding career? Take a closer look at Deloitte & Touche ME. You\'ll understand that Deloitte is a Tier 1 Tax advisor in the GCC region since 2010 (according to the International Tax Review World Tax Rankings). It has received numerous awards in the last few years which include Best Employer in the Middle East, best consulting firm, and the Middle East Training & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW). In an international firm like Deloitte, our strong global presence is complemented by our local reach and market knowledge. A career in Financial Advisory Services with Deloitte Corporate Finance Limited will equip you with a deep understanding of the local and regional business landscape, enabling you to identify opportunities and risks to our clients\xe2\x80\x99 businesses. In addition, your breadth of vision will be engaged, as you match our global resources to our clients\xe2\x80\x99 advantage. Our FAS practice encompasses a broad range of specializations and services but whose common goal is to offer strategic services to clients throughout every phase of the economic cycle. With such a wealth of specializations, you will have the opportunity to pick the one most suited to you. Our Purpose Deloitte makes an impact that matters. Every day we challenge ourselves to do what matters most\xe2\x80\x94for clients, for our people, and for society. We serve clients distinctively, bringing innovative insights, solving complex challenges and unlocking sustainable growth. We inspire our talented professionals to deliver outstanding value to clients, providing an exceptional career experience and an inclusive and collaborative culture. We contribute to society, building confidence and trust in the markets, upholding the integrity of organizations and supporting our communities. Our shared values guide the way we behave to make a positive, enduring impact:
Lead the way
Serve with integrity
Take care of each other
Foster inclusion
Collaborate for measurable impact
During your tenure as a Manager in Turnaround & Restructuring Services, you will demonstrate and develop your capabilities in supporting lenders, corporates, family offices and state-owned enterprises \xe2\x80\x93 providing restructuring advisory services, covering the following service offerings:
Financial restructuring \xe2\x80\x93 supporting and advising businesses or lenders when the existing capital structure is no longer sustainable. This regularly involves advising in situations where there are loan covenant breaches and payment defaults. We support clients through the end-to-end process, including analysis, options assessment, independent business reviews, negotiation and deal execution
Turnaround and performance improvement \xe2\x80\x93 advising and supporting businesses in the following areas:
Business planning \xe2\x80\x93 focusing on key strategic, operational, commercial and financial value drivers
Hands-on support with the identification and implementation of strategic initiatives
Working capital improvement \xe2\x80\x93 reviewing the balance sheet to release tied-up cash
Providing interim senior support to assist in distress situation
Capital advisory and pre-lend due diligence \xe2\x80\x93 to support and advise on complex financing processes
Contingency planning and insolvency \xe2\x80\x93 identifying the options available to directors, shareholders and lenders, when faced with financial distress and crisis. In the Middle East, we have advised and supported on some of the most high-profile regional insolvencies. We are also the market leader in the KSA for court-led financial reorganization processes (similar to a creditors voluntary arrangement)
Review outputs of financial analyses to guide client\xe2\x80\x99s management to make decisions with confidence
Develop innovative approaches to analyzing data to help draw meaningful conclusions; champion the use of advanced visualization to extract insights from a data set and presents findings in a clear, logical manner to client executives
Assesses the financial aspects of business opportunities; identify and quantify financial and non-financial benefits of proposed solutions
Resolve escalated scope, timeline, or resourcing issues and shapes team\xe2\x80\x99s priorities to address most urgent tasks
Maintain a diverse network of resources to execute engagements on time and on budget, leveraging Deloitte subject matter experts (SMEs) when needed
Understand the larger ecosystem within which the client operates; use to facilitate discussions about potential solutions to client\xe2\x80\x99s financial crisis issues
Identify relevant business trends, economic forces, and industry practices and can confidently discuss with the client
Build a global network of subject matter experts within chosen industry and leverages global collateral to support sales pursuits and engagements
Set direction regarding the development and compliance of standards, guidelines, and service agreements
Develop options for addressing issues within capital structure by working closely with management and stakeholders
Develop and guide clients through implementation of financial and operational turnaround plans
Apply expert knowledge of enforcement procedures, combined with deep situational experience across the industry, to provide strategic contingency planning and insolvency advice
Develop alternate strategies to an existing restructuring plan, either as a genuine alternative or to expedite a restructuring process
Define client\xe2\x80\x99s investment objectives including risk tolerance, asset allocation, and cash requirements
Help lenders evaluate loan portfolios, analyze strategic options, and recover value from non-core, under-performing, and illiquid financial assets
Leadership Capabilities:
Acts as a role model, embracing and living our purpose and values, and recognizing others for the impact they make
Develops high-performing people and teams through challenging and meaningful opportunities
Delivers exceptional client service; maximizes results and drives high performance from people while fostering collaboration across businesses and borders
Influences clients, teams, and individuals positively, leading by example and establishing confident relationships with increasingly senior people
Understands key objectives for clients and Deloitte, aligns people to objectives and sets priorities and direction
Qualifications:
5 \xe2\x80\x93 8 + years\xe2\x80\x99 experience in restructuring and turnaround, Financial Advisory or Investment Banking / Merchant Banking, preferably in the Corporate Finance Department with experience in areas such as business valuations, mergers & acquisitions, due diligence, financial modeling and restructuring, raising debt or equity
Demonstrated ability to manage people and plan components of engagements along with ensuring deliverables meet work plan specifications and deadlines
Recognised accounting qualification and/or CFA/CBV/CA certification preferred - otherwise MBA or equivalent, with emphasis on finance/financial planning or investment analysi
Advanced level of technical proficiency and computer literacy particularly with spreadsheets (Word, Excel, PowerPoint). Ability to use Thinkcell, Power BI, Tableau is an advantage
Proficiency in the English language is required
Arabic language skills are an advantage
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