(Senior) Associate

**Description**

**Alvarez & Marsal, a leading independent global professional services firm, specializing in providing turnaround management, performance improvement and corporate advisory services, is seeking to expand its Private Equity Performance Improvement (PEPI) - team in various locations throughout Germany. With more than 6000 professionals based in 60 locations across North America, Europe, Asia, and Latin America, our firm excels in problem solving and value creation. Drawing on a strong operational heritage and hands-on-approach, our professionals work closely with organizations and stakeholders to help tackle complex business issues and maximize value.**

**A&M’s Private Equity Performance Improvement Services (PEPI) practice focuses on serving middle market and large cap private equity firms who have engaged A&M to help improve operating results at their portfolio companies.**

**Our professionals are aligned with a PEPI service line to promote the development of deep functional skills & experiences and to maximize our ability to tailor solutions to solve our clients' business issues.**

**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 operation, including opportunities to improve revenue, increase margin, reduce cost, and increase cash flow and profitability. A&M’s Cost Optimization focuses on driving significant improvements in operating expense cost structure by simplifying the business, streamlining the organization, and increasing efficiency of overhead spending. The Rapid Results leadership team is focused on providing opportunities leadership skill development, career advancement, training and exposure to international business assignments.**

Due to high growth, opportunities exist for a

**(Senior) Associate (M/F/d) - Private Equity Performance Improvement - Cost Optimization**

in one of our German offices (Frankfurt, Munich, Düsseldorf, or Hamburg).

**Professional experience**:

- Working with team members through a time-sensitive project by structuring a performance improvement plan and managing the process through to completion
- Identifying opportunities to significantly reduce Operating Expense cost structure by changing business leadership structure, sales and sales support staffing levels, business unit and functional management structure, and improvements to efficiency of all major back-office functions
- Implementing programs to reduce Operating Expense cost structure, including changes to roles and responsibilities, implementation of supporting processes, and execution of workforce reductions
- Working with clients directly to implement strategic and operational recommendations
- Hands on experience through consulting projects or engagement in at least one of the following areas
- Direct, indirect, and labor cost transparency
- Sales & Marketing effectiveness, processes, and incentives
- Operations management, productivity, and efficiency
- Organizational structure and effectiveness
- Non-labor cost efficiency
- Process improvement and performance management metrics / KPIs

**Professional skills**:

- Strong written, oral and analytical skills
- Strong Excel and PowerPoint skills
- Structured project management (time, team and work-stream’s management)
- Initiative and drive
- Critical thinking skills
- Ability to deliver time-pressured project on-time and on-quality
- Flexible and creative thinking

**Qualifications**:

- Relevant work experience in consulting
- Experience with implementing operating expense cost reduction programs
- First project leadership experience
- Fluency to business level in both written and spoken English and German