Job Information
Alvarez & Marsal Healthcare Industry Group, LLC Senior Director, Healthcare Services - MandA - 202403812-OTHLOC-Cq2bYfwl in Dallas, Texas
Description
Alvarez and Marsal (AandM) is a premier independent global professional services firm specializing in providing turnaround management, restructuring, performance improvement and corporate advisory services.
The Healthcare Industry Group (HIG), a subsidiary of AandM, is an established leader known for delivering tangible results for healthcare c-suite executives, boards, private equity firms, investors, law firms and government agencies that are facing complex challenges. We are at the forefront of delivering transformational change to the healthcare industry. Our professionals advise our clients on financial, operational and market performance by assessing all aspects of their operations and providing comprehensive services, including analyzing revenue and financial information, conducting process reviews, identifying key business drivers, and managing risk and compliance issues. HIG also provides services such as revenue cycle management, mergers and acquisitions, compliance and regulatory, information technology and interim management.
We are not your typical consulting firm. We are a group of entrepreneurial, results-oriented professionals who take a hands-on approach to solving our clients' problems. Our key differentiation in the marketplace is the combination of "know-how" and "do-how".
HIG's Healthcare Services practice (HCS), with offices throughout the US, focuses on serving private equity firm's portfolio companies and public and private healthcare companies. Our HCS services include performance improvement/operational turnarounds, cost optimization, MandA services, finance operations, and interim management
- MandA Services: AandM supports companies throughout the MandA lifecycle, including conducting operational/synergy due diligence, integration planning and execution, as well as divestiture and carve-out planning and execution.
- Performance Improvement/Operational Turnaround: Whether serving in interim management roles or in a performance improvement advisory capacity, we draw on deep operational heritage and proven approaches (such as our proprietary rapid results diagnostic) to assess businesses and identify key areas impeding performance quickly and effectively.
- Cost Optimization: AandM's cost optimization program is a holistic, cross-functional approach that focuses on quickly identifying high-impact opportunities for EBITDA and cash flow improvements across the entire cost structure. AandM's cost optimization focuses on driving significant improvements in cost structure by providing full transparency on cost and margin profiles to simplify and streamline the business and increase the efficiency of overhead costs.
- Finance Operations: AandM drives improvement to its clients' finance operations, including management reporting and optimization of the month-end close process.
- Interim Management: In select instances, one of HCS's experienced operators may step into an interim role (i.e. CEO, COO, CFO) to drive change while a full-time replacement is being recruited.
What will you be doing?
As a Senior Director, you will be working as a consultative partner for our clients and will manage day-to-day operations and relationships, ensure exceptional team performance and ensure deliverables effectively align to clients' priorities. In addition to client delivery, you will be responsible for training, mentoring and performance evaluations of junior staff. As a leader and subject matter advisor, you'll frequently be called upon to help with business development activities.
- Leading clients and internal teams through the full MandA lifecycle, including operational/synergy due diligence, carve-outs and integration planning and execution Working closely with other AandM teams working on deals, such as financial, HR and IT due diligence and integration teams, analytics teams, and offshore support teams
- Developing hypotheses aro nd potential value levers in MandA transactions based on industry experience and specifics of client situation
- Conducting interviews with senior Client and Target stakeholders
- Rapidly analyzing various types of financial and operational data to assess potential value levers
- Supporting Day 1 planning, operating model definition and transaction execution initiatives
- Identifying value creation opportunities, including assessing areas for cost reduction through efficiencies such as redesigned organizational structures and redundant services
- Improving client tracking tools and developing KPIs and metrics to identify and quantify quality and operational performance improvement opportunities
- Management and support of engagement economics and overall product delivery, budgeting, and timely billing and collections including managing the implementation risk and profitability for smaller-scale projects
- Communicating and engaging with clients to foster compatible relationships and provide high-quality updates both written and verbal
- Managing performance of project teams, including assigning and delegating project responsibilities and providing on-the-job coaching and constructive feedback
- Engaging in c-suite and board level conversations regarding the challenges facing clients and strategic initiatives for solving them
- Developing transition and hand off plans to ensure that improvements are sustainable
- Acting as integral member of sales team developing significant portions of proposal and pitch documents
- Building relationships with clients and seeking opportunities to expand the scope of business while generating leads
- Managing and mentoring junior staff including training and development
Who are we looking for?
We are seeking someone to join our team with an entrepreneurial and collaborative mindset who will manage ambiguity and thrive in a fast-paced environment. We are looking for:
High-energy individuals and leaders with a passion for healthcare and solving complex issues
A minimum of Ten (10) years of prior work experience in healthcare consulting or healthcare industry such as healthcare operations, banking, or private equity
Significant experience in MandA transactions and various deal environments, either within consulting or industry
Ability to work in a high pressure environment with stringent timelines
Ability to identify key operational performance drivers and flexibility to support a broad array of clients
Experience with managing client engagements, deliverables and workstreams while mentoring junior staff
Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel
Working knowledge of healthcare industry, including a fundamental understanding of healthcare finance, operations, valuation and various laws and regulations
Willingness and ability to travel as required
Advanced level of Excel proficiency and experience in financial modeling and analysis; ability to build synergy, standalone and overall MandA deal models
Advanced Microsoft PowerPoint and Excel skills a must; experience with Visio, Tableau or Power BI, SQL, SPSS, benchmarking is a plus
BA/BS degree and/or MBA/MS in Accounting, Finance, or other related healthcare fields such as MHA or MPH
Professional certifications such Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or demonstrated progress t