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Manager - Special Situations

Date: Sep 6, 2021

Location: Manchester, United Kingdom

Company: KPMG UK

The Team

Following the sale of KPMG’s Restructuring business in May 2021, there is now a clear need to establish and build a new business, capable of being the first line of response to opportunities arising from financial stress and distress. The team will not undertake bank appointed IBR or insolvency work.

KPMG already has multiple service lines capable of supporting clients through these challenges. However, a focal point for opportunities is required and consequently Special Situations Group (“SSG”) has been established within the Debt Advisory practice.

These situations require multi-capability teams to deliver a full client solution, where bringing the best of KPMG to clients is key to winning work. Scepticism, realism and pace are essential attributes for success.

SSG will work with regional corporate clients across the UK, pulling through expertise from all other service lines. A collegiate approach to work is therefore essential.

The team delivers a broad spectrum of work, including:
- Options reviews
- Cash & working capital management
- Model review, crisis cash management and data analytics
- Refinancing
- Economic profitability
- Cost allocation to give product, customer & channel profitability
- Accelerated M&A
- Performance improvement
- Revenue optimisation, cost reduction and turnaround & transformation
- Helpline for general enquiries
- Credit insurance, rent arrears or a target, customer or supplier is in distressWhilst the team is not aligned to specific sectors there are individuals with significant experience in certain sectors and specific functional and/or sector focus would be considered a benefit. Applicants however will be expected to work across all sectors and situations depending on client demand.

The Role

Role and Responsibilities

We are looking to recruit a Manager to join the team based in Manchester,

although applicants will be required to work in other UK, European or international based locations depending on client demand. The role will involve working across a number of product types highlighted above and applicants should be ready to work in dynamic, flexible and fast-moving environments.

Key Responsibilities

Working in engagement teams of typically 3 to 6 people, supporting senior team members on a range of product types

Undertaking detailed analysis to present robust advice to client teams

Build strong, trusted adviser relationships with senior management and mid-level executives and other key stakeholders on engagements (including divisional and functional management at corporates, lawyers and contacts at banks and other lenders/investors)

Manage engagements and projects to scope, time, quality and budget complying with KPMG engagement management practices

On certain relevant assignments, overseeing work as the main point of contact with the client, reporting back to engagement leaders and other senior staff

Appraise challenging & fast developing situations and look to develop innovative solutions and assess options for businesses and their stakeholders

Potential involvement in new product development or business development activities

Development of junior staff on assignments

Key Skills and Competencies Required

Qualified accountant (ACA or equivalent)

Strong analysis (including financial modelling and scenario analysis) and report writing skills

Strong commercial and business acumen

An existing professional network of client relationships across corporates, lenders, private equity and/or other stakeholders

Demonstrable experience in managing client work, ideally with a focus based on stakeholder advisory, turnaround, transformation or IBR assignments

Demonstrable experience in managing projects and/or own work streams, with the ability to oversee work of junior team members and build report with key client stakeholders

Ability to communicate well across a range of operational and financial staff at all levels. This is also often in challenging circumstances given the financial positions of the organisations we typically work with

Ability to work innovatively and ‘self-start’ as well as delegate to teams of colleagues

Drive, enthusiasm and a “can do” attitude

Desire to build wide advisory skillsets and develop knowledge of all SSG offerings

Creative with a willingness to try new and different approaches – our clients often have multiple issues which may not be what we are initially expecting

A positive team influence and achievements beyond the realms of project work

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