Managing Director, Management Consulting, Turnaround & Restructuring

Job Summary:

The Managing Director is responsible for executing, building out, and leading a team of TRS in business restructuring and bankruptcy related engagements, including bankruptcy litigation, and addressing complex questions and issues under the direction of an Advisory Principal. The Managing Director is also expected to spend a significant amount of time marketing and networking for new business, including identifying, pursuing and leading new business proposals.

Job Duties:

Bankruptcy & Restructuring Services:

Winning and leading performance of company-side restructuring and turnaround work and/or interim management engagements

Works and assists Principals in identify, pursuing and winning new business opportunities

Leads BDO pitch team for small or middle market company opportunities, participates as key speaking member of pitch team for larger new business opportunities. Assists pitch team in responding to new business inquiries

Contacts creditors, lawyers, bankers and internal BDO contacts to pursue new business opportunities (creditor committee, debtor, litigation, etc.)

Builds and expands network of contacts in the industry (lawyers, bankers, PE firms, creditors, etc.) and gets name known in restructuring industry

Prepares complete pitch book for new business opportunities, including cover letter and conflict check

Conducts and clears conflict checks, prepares draft retention affidavits or engagement letters and reviews fee applications or invoices; ensures compliance with all other court filing requirements

Builds and maintains network of contacts in the industry (e.g. lawyers, bankers, PE firms, creditors, etc.)

Cross-sells other BDO services (corporate finance, valuation, tax, due diligence, litigation, assurance, etc.)

Engagement Project Leadership:

Takes lead role in preparing and executing BDO engagement strategy as project leader in consultation with engagement principal

Takes lead role in presenting BDO work product to counsel or client and responds to questions

Takes lead role in interactions with counsel or senior company management on complex operational, restructuring or bankruptcy issues

Possesses superior financial restructuring and bankruptcy technical skills, including strong ability to identify bankruptcy or financial restructuring related issues and make recommendations to address issues

Possesses superior ability to analyze cash flow projections, identify issues and develop a plan of action to address issues

Reviews reorganization/liquidation plan, evaluates plan for client, identifies key issues and makes recommendations to address issues

Evaluates and recommends alternative courses of action and potential solutions to achieve best result for client

Testifies at deposition or in Court on work performed by BDO and defend work in cross examination

Other duties as required

Supervisory Responsibilities:

Supervises the day-to-day workload of TRS Senior Managers, Managers, Senior Associates and Associates on assigned engagements; reviews work product, provides timely performance reviews and assists in the development of goals and objectives to enhance staff professional development

Provides on-the-job training for all TRS Senior Managers, Managers, Senior Associates, and Associates on each engagement

Acts as Career Advisor to TRS Senior Managers, Managers, Senior Associates and Associates, as appropriate

Qualifications, Knowledge, Skills and Abilities:

Education:

Bachelor’s degree in Accounting, Finance or other relevant field, required

MBA or other relevant advanced degree, preferred

Experience:

Ten (10) or more years of prior experience performing business restructuring and/or related consulting services, required

Prior experience working within a national public accounting firm or consulting organization, preferred

Five (7) or more years of management experience, required

License/Certifications:

CIRA and/or CTP designation, preferred

CPA, CFE and other relevant certifications, beneficial

Software:

Proficient in the use of Microsoft Office Suite, specifically Excel, Word, and PowerPoint

Other Knowledge, Skills & Abilities:

Excellent oral and written communication skills, including the ability to review work product developed by others

Willingness to go above and beyond to provide superior work product while meeting engagement deadlines Superior analytical skills, including ability to identify issues and anomalies

Solid organizational skills, especially ability to meet project deadlines with a focus on details

Ability to successfully multi-task while working independently or within a group environment

Proven ability to work in a deadline-driven environment and handle multiple projects simultaneously

Ability to effectively managing a team of professionals and delegate work assignments as needed

Ability to build and maintain strong relationships with internal and client personnel

Ability to encourage team environment on engagements and contribute to the professional development of assigned personnel

Executive presence and ability to act as primary contact on assigned engagements, while timely keeping Principals informed of progress

Ability to develop financial models, especially integrated P&L with balance sheets and cash flows

Advanced knowledge of debt and lease restructuring, cash flow and balance sheets, along with liquidation analysis

Advanced knowledge of bankruptcy and insolvency process

Ability to travel to BDO clients local, regional and national

Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate’s qualifications, experience, skills, and geography.

National Range: $250,000 - $600,000 Maryland Range: $250,000 - $600,000 NYC/Long Island/Westchester Range: $250,000 - $600,000

At BDO, how we show up matters. We build strong relationships by supporting one another, our clients, and our communities with care, curiosity, and a commitment to helping one another grow and succeed. Here, you’ll find meaningful work, leaders invested in your success, and opportunities to build a career around what matters most to you.

Our purpose is to be the people our clients count on to grow with confidence and achieve what matters most. Our values guide how we bring that purpose to life each day. Together, they shape how we work with one another, serve our clients, and create meaningful impact.

BDO provides assurance, tax, and advisory services to clients across the U.S. and around the world. No matter your role, you’ll be part of a team helping clients navigate complexity and move forward with clarity.

As technology continues to shape how we work, BDO values the ability to apply generative and agentic AI solutions to develop work products, improve workflows and identify potential risks. Across our firm, we emphasize professional judgment in validating AI-generated outputs for accuracy, quality, and compliance.

We are proud to be an ESOP company, offering participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well-being. As a qualified retirement plan, the ESOP is a meaningful addition to our comprehensive compensation and Total Rewards benefits* offerings. It also reinforces an ownership mindset that strengthens our connection to one another, our clients, and the future we’re building together.

Learn more about our benefits: BDO Total Rewards encompass more than traditional benefits. Click here to find out more !

*Benefits may be subject to eligibility requirements.

Equal Opportunity Employer, including disability/vets Click here to find out more !