Director, Healthcare Services - M&A

Description

About Alvarez & Marsal (A&M) is a global consulting firm with entrepreneurial, action and results-oriented professionals. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who 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 why our people love working at A&M.

The Team

The Healthcare Industry Group, a subsidiary of A&M, leads transformational change in healthcare. As established leaders and trusted advisors, we deliver results for healthcare executives, boards, private equity firms, investors, law firms, and government agencies. Our team brings diverse perspectives and experiences to assist clients with enhancing financial and operational performance, accelerating strategic growth, and optimizing value throughout the investment lifecycle.

We provide specialized services in interim management, restructuring, revenue cycle management, M&A, compliance, digital technology, and analytics. Our professionals collaborate with a wide range of organizations, including health systems, physician groups, medical schools, behavioral health institutes, managed care organizations, healthcare investors, medical device companies, and suppliers, as well as vision centers, dental practices, and laboratories.

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).

• Technology Assessment: Whether for due diligence, self-assessment, or transformation objectives we support the review and analysis of platform, data and system architectures, and related applications / products, integrations, infrastructure, processes (PLC, SDLC, compliance), data (architecture, governance, BI, etc.), security, IT teams for scale, capability, cost, resilience, maintainability risk related issues and value opportunities
• 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, CIO) to drive change while a full-time replacement is being recruited.

How you will contribute

As a Director you will be a "player-coach" - leading a team and acting as the main conduit between Healthcare clients and our team on a range of complex assignments, many of which will be centered around M&A diligence, integrations and separations. You are responsible for end-to-end delivery of projects, including: overseeing interview activities, gathering relevant data, modeling, creating valuable insights and deliverables, developing goals and deadlines, reviewing work product of junior staff and communicating with clients directly. Depending on the client project the responsibilities of a Director may include:

• 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

Qualifications

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 Eight (8) years of prior work experience in healthcare consulting or healthcare industry such as healthcare operations, banking, or private equity
• Prior experience with M&A transactions and/or healthcare operations
• 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

Your Journey at A&M

We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person's unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on the-job learning opportunities, you can acquire new skills and advance your career.

We prioritize your well‑being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.

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 periodically as well as a 401(k) retirement savings plan. Provided the eligibility requirements are met, employees will also receive an annual discretionary contribution to their 401(k) retirement savings plan 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.

The salary range is $165,000 - $180,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. 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.