Located in Lexington, KY or New York, NY, this role reports directly to the Managing Director of Operations. The responsibilities of the VP/Director of Operations – Restructuring & Turnarounds include the following:

Strategic Planning & Execution: 

• Develop and execute comprehensive restructuring and turnaround plans
• Identify and implement cost reduction and efficiency improvement strategies
• Conduct thorough assessments of financial and operational performance
• Drive improvements in liquidity management and cash forecasting
• Negotiate with vendors and customers on behalf of the portfolio company

Board & C-Suite Collaboration:

• Collaborate with portfolio company boards and executive teams to align on strategic priorities and action plans
• Provide expert guidance and support to C-suite executives during restructuring processes
• Foster strong relationships with key stakeholders to ensure successful execution of initiatives

Performance Improvement:

• Analyze and optimize key business processes to drive operational excellence
• Monitor and track performance metrics to measure the impact of restructuring efforts
• Implement best practices and industry benchmarks to improve business outcomes

Change Management:

• Lead change management efforts to ensure smooth transitions during restructuring phases
• Develop communication plans to keep all stakeholders informed and engaged
• Address resistance to change and foster a culture of continuous improvement

Financial Oversight:

• Oversee financial restructuring activities, including debt refinancing and capital structure optimization
• Work closely with financial teams to ensure accurate reporting and compliance
• Identify opportunities for value creation through strategic financial planning and analysis

Due Diligence and Risk Management:

• Conduct due diligence on potential acquisition targets
• Assess and mitigate risks associated with restructuring and turnaround activities
• Develop contingency plans to address potential challenges and setbacks

Leadership and Team Development:

• Build a high-performing operations team dedicated to restructuring and turnarounds
• Develop restructuring and turnaround playbook outlining specific activities to be taken during the phases of a restructuring situation
• Establish a scorecard to monitor portfolio performance for potential companies that will require restructuring and turnaround support due to decline in performance and covenant default
• Mentor and develop team members to enhance their skills and capabilities
• Promote a culture of accountability, innovation, and excellence

• Bachelor's degree in finance, business, engineering, or related field required; advanced degree preferred
• 8+ years experience in restructuring, turnarounds, and operational improvement within a private equity or consulting environment
• Strong financial acumen and expertise in financial restructuring and performance optimization
• Excellent leadership, communication, and stakeholder management skills
• Ability to navigate complex and dynamic business environments
• Track record of successfully collaborating and partnering with boards and C-suite executives to drive value creation