At PwC, our people in deals focus on providing strategic advice and support to clients in areas such as mergers and acquisitions, divestitures, and restructuring. They help clients navigate complex transactions and maximise value in their business deals.
In deal recovery management at PwC, you will focus on helping clients navigate financial distress and recover from challenging business situations. You will be responsible for providing strategic advice and solutions to optimise recovery outcomes.
A career within Deals Business Recovery Services, will provide you with the opportunity to support our clients survive an imminent crisis or simply fix gaps in their organisation. We help clients, reduce balance sheet stress, generate cash and reduce costs or refinance to find the best source of capital to support their business objectives. Whatever the solution, we help them manage challenges until the job is done.
Job Description
To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.
As an Associate, you’ll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution.
Role Summary:
A junior restructuring capability that will support the PwC Africa Operational Restructuring Lead with the capability and practice build-out – mainly through business development – and project delivery excellence. The role will be professionally demanding, leading complex client situations – focussed on operational turnaround and performance improvement, across industry and business requirements.
Qualifications / Certifications required:
- • Bachelor of Commerce with Honours in Accounting with CA (SA);
- • Bachelor of Business Science with Honours in Finance / CA (SA);
- • Engineer or relevant professional qualification (e.g. MBA, APICS, CPIM); or
- • CFA, CIMA or other relevant related degree / professional designation.
Experience required:
- Experience of operational improvement programmes
- Advisory experience from a management consultancy, advisory firm or as an ‘internal consultant’ in a corporate
- Operations experience, across one or more sectors: engineering, financial services, retail, industrial, consumer, high tech, utilities, logistics, telecoms and energy
- Proven P&L analysis, cash flow and balance sheet work
- Competent with spreadsheets, financial and operational KPIs. Comfortable with financial analysis
- Track record in business development
Responsibilities of role:
As a member of the PwC CARS (Capital Advisory and Restructuring Services) team, the candidate will be involved in a variety of restructuring and performance improvement projects across a diverse range of industries and will gain exposure to a wide range of clients. PwC CARS services a wide spectrum of clients ranging from large, listed multinationals through to entrepreneurial, owner managed businesses, covering both domestic and cross Africa border work.
We are looking for an Associate to join our growing team to work on high-profile clients experiencing stress / distress to their business model and who require turnaround or transformation with a financial, and/ or an operational restructuring lens, spanning a broad range of industry sectors. You’ll provide advice and assistance around restructuring and/or turnaround. Typically you will work with clients to identify and implement rapid, tactical and sustainable operational restructuring measures, for example you will advise on:
- Independent business reviews,
- Turnaround strategies, with specific performance intervention measures and targets,
- Strategic options analysis,
- Contingency planning reviews,
- Cost out and EBITDA optimisation initiatives
- Short-term cash flow reviews and forecasting, helping clients see and control their cash positions
- Cash levers to smooth cash flow/ conserve cash
- Working capital improvement plans;
- Restructuring Office services – helping client management develop and implement turnaround programs
Skill sets required:
To be successful in this role, strong financial analysis skills and commercial business acumen are critical. You will be able to demonstrate a high level of agility in a demanding environment and be able to effectively communicate with a broad range of stakeholders. Exceptional project management skills are considered fundamental together with critical thinking and a motivated and commercially astute approach to business restructuring needs.