What we do
In our Business Restructuring Services (“BRS”) practice, we support clients work through challenging situations, from dealing with the effects of rapid growth through to underperformance and financial crisis. We are the leading restructuring practice and over the years have advised on the most iconic and complex restructuring situations.
A career in our Mid Markets practice, within Deals Business Restructuring Services, will provide you with the opportunity to support our clients survive an imminent crisis or simply fix gaps in their organisation. In joining, you’ll help clients, among other things, reduce balance sheet stress, generate cash and reduce costs or refinance to find the best source of capital to support their business objectives. Whatever the solution, we help them manage road blocks until the job is done.
Our team helps middle market companies simplify their corporate structure and reduce overall operating costs. As part of the team, you’ll help with project management, administrative tasks, dissolution, risk reduction and corporate restructuring.
Typical projects include
Managing cashflow and working capital
Restructuring debt and other financial obligations
Raising new financing from banks or investors to work through business challenges
Delivering operational change to improve financial performance
Realising value through sale of a business or its assets
Managing key stakeholders and investors
Undertaking insolvency work, where other options are not achievable.
How we work
Our BRS practice is part of our wider Deals business. We work closely across Deals (and wider PwC teams) to ensure we give the best advice to our clients. Successful candidates will have the opportunity to work closely with other teams to get experience on different types of transactions.
Given the nature of our services, the work in Deals is varied, often fast paced and calls on commercial, analytical and interpersonal skills. We are a growing team, who work flexibly from our offices across the UK, and also from client sites / other PwC offices when required.
The opportunities for career progression are significant.
The role you will undertake
As a Senior Associate, you’ll be a key part of a project team working collaboratively and using the latest technology to undertake (for example)
Financial analysis - e.g. reviewing financial information and applying a critical / commercial lens to assumptions
Working with the project team in assessing and developing financial restructuring options
Creating the first draft of reports and presentations that set out our findings and help in discussing these with clients
Supporting the delivery of transactions
Implementing specific parts of an insolvency appointment - e.g. making commercial decisions around ongoing trading or strategy for the realisation of assets
As part of our ongoing business development activities, contribute to the research of new opportunities and developing a network and profile in the local restructuring community
The following skills are required for this role
Good communication skills, both verbal and written (e.g. writing reports / presentations)
Commercial curiosity as to how businesses and deals work, and what makes them succeed
Sound financial analytical skills, including use of Microsoft Excel
Good understanding of financial accounts (being a qualified accountant is preferable but not essential)
Ability to grasp complex commercial issues quickly, and to work accurately even under time pressure as part of a team to manage multiple commitments.
A commitment to continued personal development
Prior experience in financial restructuring is not a prerequisite to success in this role. We have developed our team for a wide range of backgrounds, providing a supportive environment for learning and long-term career development.
Our Deals business is an exciting, fast-paced and an ever-growing business that focuses on deals and crisis situations for our clients. Collectively, we deal with the types of situations you hear about regularly in the news and we provide support, insight and analysis to the management, shareholders and financiers of business.
Not the role for you?
Did you know PwC offer flexible contract arrangements as well as contingent work ( ie temporary or day rate contracting)?
The skills we look for in future employees
All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, ‘The PwC Professional’ and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.
Learn more here www.pwc.com/uk/careers/experienced/apply
We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool, as well as those who reflect the diverse nature of our society. And we aim to encourage a culture where people can be themselves and be valued for their strengths. Creating value through diversity is what makes us strong as a business and as an organisation with an increasingly agile workforce, we're open to flexible working arrangements where appropriate.
Learn more here www.pwc.com/uk/diversity
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