Daily life in Restructuring

EY - Daily life in Restructuring
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What would my day be like in Restructuring?

As part of this team, you might:

  • Review the immediate cash requirements of a business and evaluate when facilities may be breached
  • Review historical financial performance information to assess what went wrong
  • Plan and prepare for shareholder meetings for the voluntary liquidation of a company
  • Compile data around accounts receivable, accounts payable and inventory management processes
  • Work within an insolvent company to collect assets and pay liabilities in accordance with legislation and contractual arrangements
  • Help a business to trade while in insolvency to achieve best value for assets and preserve viable parts of the business
  • Identify opportunities for improving working capital and reducing the debt needs of a business
  • Help a business simplify its complex legal entity structure to help reduce compliance costs and extract

What skills would I acquire in my first few years?

You'll acquire skills and knowledge, such as:

  • An understanding of how cash moves around a business
  • An understanding of the characteristics of businesses in distress
  • Research and analysis techniques
  • How to interpret integrated financial statements and operational information to understand the workings of a business
  • The ability to report clearly on factual information in support of a hypothesis
  • How to deal with a variety of stakeholders from businesses in distress
  • Familiarity with the legislative environment impacting insolvent businesses
  • Communication and teamworking skills

What opportunities would Restructuring open up?

You could:

  • Use your experience and technical skills to lead restructuring teams
  • Focus on a particular industry and develop your reputation as a key advisor in that sector
  • Acquire project management skills
  • Work internationally on cross-border transactions
  • Work in another one of our offices worldwide
  • Take a client secondment to develop your commercial skills and build the client relationship.