Restructuring Assistant Manager

Job Title: Restructuring Assistant Manager
Contract Type: Permanent
Location: London
Salary: 46000 - 48000
Reference: R1024072
Contact Name: Heena Rathod
Contact Email:
Job Published: October 15, 2020 16:32

Job Description


Job Description Summary:

We believe we’re best positioned to make a meaningful impact on the economy. Every day, we provide a diverse range of organisations with the kind of business and financial advice it takes to do this. Our ideas and insight empower our clients to make big decisions about the future and unlock sustainable growth. With a relentless focus on quality and integrity, we help businesses, communities and our people to flourish.


Job Description:


Let’s talk about the job

If you enjoy working on a wide-reaching range of projects that will help businesses and communities flourish, you’ll fit right in. Here are some things you can expect from this enter job title role.


Making quality second nature

The Assistant Manager will work with associate directors and managers and supervise executives and administrators with the aim of building and progressing a portfolio of case work.  (realise assets and distributing dividends) in a timely and cost efficient manner and without the need for constant supervision. The Assistant Manager should have a good knowledge of all aspects of their cases and have knowledge of many aspects of insolvency issues, while taking responsibility for compliance, budgets and billing.
Grant Thornton’s London Restructuring department is a well-established team working on a range of complex advisory assignments and insolvency appointments. Our Financial Services and Insolvency (FSR&I) team has advised on some of the most high-profile restructuring and insolvency appointments in the UK and overseas including Wonga, QuickQuid, Lendy and Cooperative Bank of Cyprus. The team has confidentially advised several global financial institutions on restructuring and dispute related assignments. It has worked across several specialisms including consumer finance, insurance and banking.


Own your own work
•Starts contributing to the department's marketing efforts including attending events, suggesting new initiatives, organising events, following up targets and contacts.
•Begins to understand and demonstrate the market and current developments (both work givers and competitors).
•Builds a good network of contacts both internally and externally and maintains these contacts.
•Provides recommendations to ongoing negotiations and sales pitches.
•Able to apply technical knowledge appropriately in the context of individual clients and can display both skill and speed in resolving client problems.
As a Restructuring Assistant Manager in the FSR&I team, you will develop opportunities to win new work and identify and support the development of new products and services. You will balance risks to the firm with commercial opportunities. You will have experience in financial services restructuring, managing and delivering business reviews, winddown and contingency planning.
•Able to define "win-win" situations for client and firm.


Be part of a team
•Understands potential trade-offs between fee/profit maximisation and long term business with client.
•Makes quick, clear and unequivocal recommendations to managers about client issues and can generate a range of options and choices and narrow these down appropriately.
•Begins to understand and demonstrate the balance between the need for information and data and the requirement, from a client's perspective, for quick decisions and recommendations.
•Manages those who have people management responsibility and those who are working on assignments, including coaching, identifying and dealing with performance issues in a timely manner, ensuring that regular feed back is given, ensuring as far as possible that team members receive appropriate opportunites to develop.
•Carries out performance and job reviews for team members as required, and ensure paperwork is completed and filed in timely manner.
•Is familiar with the Grant Thornton employee policies and ensures team members are compliance


Take responsibility
•Maintains technical aptitude to carry out role by attending internal development events, including workshops.
•Leverages previous relevant FS case experience to ensure industry specific nuances are considered in analysis and recommendations
•Ensures own performance reviews take place and goals are achieved.
•Assists Managers to prepare and work within budgets where appropriate so that agreed recovery targets can be achieved.
•Ensures bills are raised and collected in accordance with billing plan on all cases.
•Completes schedules promptly and ensure billing targets are managed and met.
•Demonstrates a proficient level of writing skills and demonstrate abilities in reviewing junior employee's written work - ensuring grammatical and corporate styles are adhered to at all times.
•Assists on the preparation of engagement letters and have basic knowledge on the workings of engagement letters and liability caps.
•Be proficient in producing draft reports.


Build your brand
•Understands and applies best practice regarding departmental procedures, risk management and compliance and ensures that junior employees are adhering to these procedures.
•Develops knowledge of all aspects of cases including pensions, tax, employment, environmental issues and all types of creditors claims.
•Becomes involved in the planning and control of trading operations, including preparation of trading memorandum and document decision to trade.
•Suggests commercial decisions on cases to associate directors/managers - Identify critical issues on cases and prepare discussion with engagement partner.
•Understands ethical and conflict constraints of accepting appointments, adheres to compliance and risk procedures, meets all statutory requirements.
•Responsible for managing small and medium sized cases and ensuring all compliance aspects are dealt with.
•Has basic knowledge of the financing structure of a business, including debt/equity capacity.
•Has basic knowledge of the strategy of a business and how this aligns with the market in which it operates.
•Able to interview and extract information from directors and management teams.
•Shows interest in departmental management issues and takes on responsibility for discrete projects as appropriate.
•Maintains impetus on progressing projects and delivers on those projects.
•Shows an interests in and understanding of departmental strategy.

Minimum Criteria
•ACA/ACCA Qualified


Do you care about the same things we do?

We have six values we work by. When we meet, we’ll want you to show us how they’re important to you, too.

Collaboration: We work together, share ideas and always make time to help each other out.

Leadership: Everyone has the chance to lead their own projects.

Excellence: Quality is central to our purpose. We love what we do, and it shows. We sweat the details. We see things through, no matter how tricky.

Agility: The world moves quickly. To keep up, we stay flexible – changing approaches, changing projects, working offline, online, together and alone to get things done.

Respect: A given, of course: we value each other and our clients. We listen, we understand, we care.

Responsibility: The decisions we make and advice we give affects people’s lives and livelihoods. We take that seriously and always do well by doing what’s right.


Share ideas and profits

Unlike most firms, we’re also a shared enterprise. So when the firm does well, everyone does well by taking home a share of the profits. Of course, to get those profits, we need to share ideas and share responsibility for our work, too.


Bring your whole self

Now you’ve seen our values, it shouldn’t be a surprise that we’re creating a respectful, open, diverse place to work. Building an inclusive culture, where we value difference and respect our colleagues, is not just the right thing to do, it helps our people to perform at the best of their ability and realise their potential.

“We are committed to making sure that the opportunities within our firm are equally accessible for everyone – regardless of background or gender.” Dave Dunckley, CEO


There’s more to life than work

Families, children, sports, night classes…the things you do and the people you’re with outside work matter. They can inspire, motivate and energise you. Inside the office and out. So if you’d like to work flexibly, let us know. We’re happy to look at flexible working