Senior Director, Healthcare Services - M&A at Alvarez & Marsal Healthcare Industry Group, LLC in San Francisco, California

Job Description:

Description

Alvarez & Marsal (A&M) 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 A&M, 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, M&A services, finance operations, and interim management

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  M&A Services: A&M supports companies throughout the M&A lifecycle, including conducting operational/synergy due diligence, integration planning and execution, as well as divestiture and carve-out planning and execution.


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  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.


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  Cost Optimization: A&M'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. A&M'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.


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  Finance Operations: A&M drives improvement to its clients' finance operations, including management reporting and optimization of the month-end close process.


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  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 M&A lifecycle, including operational/synergy due diligence, carve-outs and integration planning and execution Working closely with other A&M teams working on deals, such as financial, HR and IT due diligence and integration teams, analytics teams, and offshore support teams


• Developing hypotheses around potential value levers in M&A 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 & 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 M&A 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 M&A 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 toward such certifications is a plus

How will you grow and be supported?

As a Senior Director within the Healthcare Group focused on M&A, you will have the opportunity to take your career to the next level by gaining invaluable industry experience while enhancing and expanding your skillsets. As a leader within our team, you will collaborate with many experienced professionals and will provide developmental feedback and growth opportunities.

We work with each of our employees to develop a customized career development plan to ensure you are matched with professional development opportunities that meet your unique needs and accelerate your development. We offer a variety of live and virtual training programs, access to best-in-class on-demand training, ongoing on-the-job coaching, a transitional coach to help you acclimate to the practice, and partnership with a mentor who will guide you through your career.

Our Healthcare team prides itself on sustaining a culture that reflects our core values. We value integrity, quality and objectivity in our work. We like what we do and with whom we do it. We embrace diversity, foster inclusiveness and reward merit. We encourage and support our employees and communities through ongoing investments from leadership, social and networking events, peer-to-peer networks, Employee Resource Groups, volunteer opportunities and pro-bono work. We are committed to promoting an inclusive environment in which all can develop, grow and be supported.

Alvarez & Marsal offers competitive benefits and opportunities to support your personal and professional development. Click to learn about our commitment to your well-being . A&M recognizes that our people drive our growth, and you will be provided with the best available training and development resources through formalized training and on the job training. Learn more about why A&M is a great place to work.

Compensation Statement:

The annual base salary range is $200k-$250k commensurate with experience. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.

Benefits Summary:

Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings' fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined from time to time as well as a 401(k) retirement plan. Provided the eligibility requirements are met, employees will also receive a discretionary contribution to their 401(k) from Alvarez & Marsal. Additionally, employees are eligible for paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type. Click here for more information regarding A&M's benefits programs.

Alvarez & Marsal recruits on an ongoing basis. Candidates are considered as they apply, until the opportunity is filled. Candidates are encouraged to apply expeditiously to any role(s) that they are qualified for and that are of interest to them.

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