Senior Consultant, Healthcare Services
Company: Alvarez & Marsal Deutschland GmbH
Location: Boston
Posted on: April 25, 2024
Job Description:
Alvarez & Marsal (A&M) is a premier, independent, global
professional services firm specializing in advising organizations
on solving complex business problems, including turnaround
management, restructuring, operational and financial performance
improvement, strategy and value creation. The Healthcare Industry
Group, a subsidiary of A&M, is at the forefront of delivering
transformational change to the healthcare industry. Known as an
established leader that delivers tangible results for healthcare
executives, boards, private equity firms, investors, law firms and
government agencies, our professionals advise organizations on
financial and operational performance improvement, strategic growth
and unlocking value across the investment lifecycle. Our team
provides additional expertise in interim management, restructuring,
revenue cycle management, mergers and acquisitions, compliance and
regulatory, digital technology and analytics. You will have the
opportunity to work with clients in a variety of sectors including
health systems and providers, physician groups, ancillary
providers, medical schools, vision, laboratory, dental and behavior
health; managed care and health plans, government plans and
programs, healthcare investors and lenders, medical devices,
healthcare suppliers and infrastructure, and life sciences. 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
(including CFO services): - -
- - 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 : 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. 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. Finance Operations: A&M 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 Associate you will
be working closely with healthcare clients on a range of complex
assignments. You will work use your independent judgement and
critical thinking skills to gather data, design practical solutions
and drive financial and operational improvements to add value based
on client needs. Depending on the client project the
responsibilities of a Senior Associate may typically include:
- Q uickly identifying and implementing opportunities to
significantly reduce cost structure by redesigning org structures,
identifying and minimizing/eliminating non-value-added tasks and
refocusing the business on most value added tasks - Optimizing
client's month-end close process and management reporting functions
to better support ongoing management decisions Rapidly building and
managing financial models and conducting financial and operating
analyses (synergy analyses, 13 week cashflow, and/or pro forma
financial statements)
- Providing guidance to manage a client through crisis and/or
quick solutions and time frames by assisting in structuring and
executing on a performance improvement plan
- Developing operational data analysis to develop KPI metrics to
track and drive meaningful change. Conducting client interviews to
gain an understanding of and evaluate aspects of client situation
and operations Effectively summarizing, drawing conclusions and
creating recommendations from large data sets or analyses Leading
various work streams within a project, including managing day to
day engagement priorities with guidance from senior leaders
Preparing client-ready deliverables and presentations; making
presentations to clients Coaching and mentoring junior staff both
formally and informally Building relationships with clients and
seeking opportunities to expand the scope of business Supporting
marketing initiatives by assisting with the pitch preparation
process and creation of marketing materials Helping to build
product and service offering tools and templates
- Developing operational data analysis to develop KPI metrics to
track and drive meaningful change. Conducting client interviews to
gain an understanding of and evaluate aspects of client situation
and operations
- Effectively summarizing, drawing conclusions and creating
recommendations from large data sets or analyses
- Leading various work streams within a project, including
managing day to day engagement priorities with guidance from senior
leaders
- Preparing client-ready deliverables and presentations; making
presentations to clients
- Coaching and mentoring junior staff both formally and
informally
- Building relationships with clients and seeking opportunities
to expand the scope of business
- Supporting marketing initiatives by assisting with the pitch
preparation process and creation of marketing materials
- Helping to build product and service offering tools and
templates Working as a partner to our clients by building
consultative relationships you will develop an in-depth
understanding of the client's processes, financial positions and
key operational performance drivers in order to surface and address
key issues, from the big picture to the smallest details. Relying
on your ability to communicate and problem solve, you will present
your analyses and insights to a variety of audiences. Who will you
be working with? We are not your typical consulting firm. We are
entrepreneurial, action oriented and results driven professionals
who take a hands-on approach to solving our clients' problems and
helping them drive value and growth. We are nimble, resourceful,
proactive, can pivot to adapt quickly, when needed, and develop
plans that drive real results.You will be part of a team that is
passionate about delivering transformational change and making an
impact in the healthcare industry. How will you grow and be
supported? As a Senior Associate within the Healthcare Industry
Group, you will have the opportunity to take your career to the
next level by gaining invaluable industry experience while
enhancing and expanding your skillset. As part of our team, you
will collaborate with many experienced professionals who will
provide you with developmental feedback and growth opportunities.
We work with each of our employees to create a customized career
development plan to ensure you are matched with professional growth
opportunities that meet your unique needs and accelerate your
career. 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: Integrity, Quality,
Objectivity, Fun, and Inclusive Diversity. 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.
- Developing operational data analysis to develop KPI metrics to
track and drive meaningful change. Conducting client interviews to
gain an understanding of and evaluate aspects of client situation
and operations
- Effectively summarizing, drawing conclusions and creating
recommendations from large data sets or analyses
- Leading various work streams within a project, including
managing day to day engagement priorities with guidance from senior
leaders
- Preparing client-ready deliverables and presentations; making
presentations to clients
- Coaching and mentoring junior staff both formally and
informally
- Building relationships with clients and seeking opportunities
to expand the scope of business
- Supporting marketing initiatives by assisting with the pitch
preparation process and creation of marketing materials
- Helping to build product and service offering tools and
templates Working as a partner to our clients by building
consultative relationships you will develop an in-depth
understanding of the client's processes, financial positions and
key operational performance drivers in order to surface and address
key issues, from the big picture to the smallest details. Relying
on your ability to communicate and problem solve, you will present
your analyses and insights to a variety of audiences. Who will you
be working with? We are not your typical consulting firm. We are
entrepreneurial, action oriented and results driven professionals
who take a hands-on approach to solving our clients' problems and
helping them drive value and growth. We are nimble, resourceful,
proactive, can pivot to adapt quickly, when needed, and develop
plans that drive real results.You will be part of a team that is
passionate about delivering transformational change and making an
impact in the healthcare industry. How will you grow and be
supported? As a Senior Associate within the Healthcare Industry
Group, you will have the opportunity to take your career to the
next level by gaining invaluable industry experience while
enhancing and expanding your skillset. As part of our team, you
will collaborate with many experienced professionals who will
provide you with developmental feedback and growth opportunities.
We work with each of our employees to create a customized career
development plan to ensure you are matched with professional growth
opportunities that meet your unique needs and accelerate your
career. 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: Integrity, Quality,
Objectivity, Fun, and Inclusive Diversity. 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. 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. As a Senior Associate you
will have the opportunity to demonstrate your leadership, integrity
and objectivity when interacting with clients at all corporate
levels:
- - High energy individuals with a passion for healthcare and
solving complex issues - A minimum of five (5) years of prior work
experience in healthcare, consulting or healthcare industry such as
healthcare banking, accounting, audit, private equity, or
healthcare operations with a healthcare focus Advanced level of
Excel proficiency and experience in financial modeling a must; the
ability to build 13-week cash flow forecast and three statement
model from scratch is a plus Advanced Microsoft PowerPoint and
Excel skills a must; experience with Visio, Tableau or Power BI,
SQL, SPSS, benchmarking a is plus Solid project management and
organizational skills Working knowledge of healthcare industry,
including a fundamental understanding of healthcare finance,
operations, valuation and various laws and regulations is a must
Ability to use sound judgment and escalate project issues to
project managers or engagement leaders Ability to coach and mentor
junior staff Excellent verbal and written skills, with the ability
to communicate with and present information to all levels of client
personnel Willingness and ability to travel as required BA/BS
degree and/or MBA/MS in Accounting, Finance, or other related
healthcare fields such as MHA or MPH Professional certifications
such as Certified Public Accountant (CPA), Chartered Financial
Analyst (CFA), or demonstrated progress toward such certifications
- - High energy individuals with a passion for healthcare and
solving complex issues - -
- A minimum of five (5) years of prior work experience in
healthcare, consulting or healthcare industry such as healthcare
banking, accounting, audit, private equity, or healthcare
operations with a healthcare focus
- Advanced level of Excel proficiency and experience in financial
modeling a must; the ability to build 13-week cash flow forecast
and three statement model from scratch is a plus
- Advanced Microsoft PowerPoint and Excel skills a must;
experience with Visio, Tableau or Power BI, SQL, SPSS, benchmarking
a is plus
- Solid project management and organizational skills
- Working knowledge of healthcare industry, including a
fundamental understanding of healthcare finance, operations,
valuation and various laws and regulations is a must
- Ability to use sound judgment and escalate project issues to
project managers or engagement leaders
- Ability to coach and mentor junior staff
- Excellent verbal and written skills, with the ability to
communicate with and present information to all levels of client
personnel
- Willingness and ability to travel as required
- BA/BS degree and/or MBA/MS in Accounting, Finance, or other
related healthcare fields such as MHA or MPH
- Professional certifications such as Certified Public Accountant
(CPA), Chartered Financial Analyst (CFA), or demonstrated progress
toward such certifications Diversity & Inclusion A&M's
entrepreneurial culture celebrates independent thinkers and doers
who can positively impact our clients and shape our industry. The
collaborative environment and engaging work-guided by A&M's
core values of Integrity, Quality, Objectivity, Fun, Personal
Reward, and Inclusive Diversity-are the main reasons our people
love working at A&M. Inclusive Diversity means we embrace
diversity, and we foster inclusiveness. It guides how we recruit,
develop employees, conduct business, support clients, and partner
with vendors. It is the A&M way. Voluntary Inclusion
It is Alvarez & Marsal's policy to provide and promote equal
opportunity in employment, compensation, and other terms and
conditions of employment without discrimination because of race,
color, sex, sexual orientation, gender identity, family medical
history or genetic information, political affiliation, military
service, pregnancy, marital status, family status, religion,
national origin, age or disability or any other non-merit based
factor in accordance with all applicable laws and regulations.
Unsolicited Resumes from Third-Party Recruiters Please note, per
A&M policy, we do not accept unsolicited resumes from
third-party recruiters unless such recruiters were engaged to
provide candidates for a specified opening. Any employment agency,
person or entity that submits an unsolicited resume does so with
the understanding that A&M will have the right to hire that
applicant at its discretion without any fee owed to the submitting
employment agency, person or entity. Compensation Statement The
annual base salary range is $125 - $150k 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 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. Clickherefor more information regarding A&M's benefits
programs. Diversity & InclusionA&M's entrepreneurial culture
celebrates independent thinkers and doers who can positively impact
our clients and shape our industry. The collaborative environment
and engaging work-guided by A&M's core values of Integrity,
Quality, Objectivity, Fun, Personal Reward, and Inclusive
Diversity-are the main reasons our people love working at A&M.
Inclusive Diversity means we embrace diversity, and we foster
inclusiveness, encouraging everyone to bring their whole self to
work each day. It runs through how we recruit, develop employees,
conduct business, support clients, and partner with vendors. It is
the A&M way.Equal Opportunity EmployerIt is Alvarez & Marsal's
practice to provide and promote equal opportunity in employment,
compensation, and other terms and conditions of employment without
discrimination because of race, color, creed, religion, national
origin, ancestry, citizenship status, sex or gender, gender
identity or gender expression (including transgender status),
sexual orientation, marital status, military service and veteran
status, physical or mental disability, family medical history,
genetic information or other protected medical condition, political
affiliation, or any other characteristic protected by and in
accordance with applicable laws. Employees and Applicants can find
A&M policy statements and additional information by region here
.Unsolicited Resumes from Third-Party RecruitersPlease note that as
per A&M policy, we do not accept unsolicited resumes from
third-party recruiters unless such recruiters are engaged to
provide candidates for a specified opening and in alignment with
our Inclusive Diversity values . Any employment agency, person or
entity that submits an unsolicited resume does so with the
understanding that A&M will have the right to hire that
applicant at its discretion without any fee owed to the submitting
employment agency, person or entity.Interested in working with
us?
Take the first step by joining one of our Talent Networks below
today!
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Keywords: Alvarez & Marsal Deutschland GmbH, Lawrence , Senior Consultant, Healthcare Services, Healthcare , Boston, Massachusetts
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