Associate / Senior Associate - Turnaround & Restructuring

Description
About Alvarez & Marsal Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work-guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity-are why our people love working at A&M.
The Team Our Paris Operational Turnaround team supports French and international corporates, private equity sponsors, and their portfolio companies in complex and high-pressure environments, including:

• Operational underperformance
• Margin erosion and profitability deterioration
• Liquidity constraints
• Preventive restructuring procedures (mandat ad hoc, conciliation)
• Formal proceedings (safeguard, judicial reorganization)
• Post-acquisition transformation and carve-outs

We work directly alongside CEOs, CFOs and operational leaders to stabilize businesses, restore profitability and implement concrete performance improvement plans.
Our approach is execution-driven. We do not stop at recommendations - we embed within organizations to ensure delivery and measurable impact.
How you will contribute As a Senior Associate / Manager, you will play a central role in designing and implementing operational turnaround programs.
Rapid Diagnostics & Performance Assessment

• Conduct short-cycle operational and financial diagnostics
• Identify root causes of underperformance
• Analyze cost structures, margin drivers and operational KPIs
• Develop actionable and quantified performance improvement plans

Hands-On Implementation

• Lead cost reduction and restructuring initiatives
• Drive working capital optimization programs
• Improve operational processes (procurement, supply chain, manufacturing, SG&A efficiency)
• Support pricing and commercial performance improvement
• Implement KPI tracking frameworks and governance structures

Restructuring & Complex Situations

• Support operational workstreams in preventive and formal restructuring contexts
• Work alongside management during negotiations with shareholders and creditors
• Contribute to turnaround plans presented to boards and stakeholders

Leadership & Client Exposure

• Lead workstreams and supervise junior team members
• Prepare high-quality deliverables for executive committees and boards
• Facilitate steering committees and operational workshops
• Contribute to business development and client relationship building (Manager level)

Qualifications

• Strong academic background with experience in a Restructuring team at a leading consultancy firm or Big Four.
• Experience in operational consulting, restructuring, performance improvement, transaction services with operational exposure, or corporate transformation role
• Strong analytical and problem-solving skills
• Experience in cost reduction, operational improvement or value creation programs
• Ability to operate effectively in high-pressure and ambiguous environments
• Strong understanding of operational value drivers and KPI frameworks
• Entrepreneurial mindset and commercial awareness
• Fluency in French and English

Your journey at A&M We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person's unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career.
We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.
To learn more, visit: alvarezandmarsal.com