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Restructuring Services careers

Restructuring Services

Careers for graduates: learn to guide companies through difficult times to deliver results.

Careers for graduates: guide companies through difficult times to deliver results.

Your career choices: Restructuring Services

In a nutshell, what does your business group/service line do?

In this rapidly changing environment, every company faces challenges. A step in the wrong direction can sometimes have significant effects on corporate performance and company value. KPMG’s Restructuring Services team guides companies through difficult times to deliver real results for stakeholders. There are a range of different outcomes for businesses in financial distress which may involve a solvent turnaround or a restructure or potentially a formal insolvency appointment:

  • Turnaround – We provide a thorough approach to stabilising under-performing companies by identifying opportunities for strategic, operational, organisational and financial change and executing on them to achieve real results. We help establish solid ground for a turnaround by assessing a company’s liquidity position and creating a stakeholder management plan.
  • Financial restructuring – We understand the complex landscape of borrowers, lenders and shareholders and can manage stakeholder communications, so short term liquidity requirements can be assessed and actions considered to quickly preserve value and address potential risks to stability.
  • Solvency strategies – We assess the situation and, if necessary, assist a company with developing a practical insolvency plan to assess the impact and risks of the various options in order to identify the path that will maximise available value.

Restructuring Services has a diverse client base, with a focus on the banks and other financiers for lender advisory and formal receivership work, corporates for financial restructuring, turnaround management and insolvency engagements, and various government agencies. In addition to the major clients focus areas, Restructuring Services also engages with the not for profit sector, indigenous organisations and other stakeholder groups (boards of directors, shareholders, etc).

What does the average day look like?

If you are interested in a career outside mainstream accounting, Restructuring Services will provide broad industry exposure, variety and the opportunity to develop commercial, analytical and business management skills that focus on commercial awareness and a common sense approach to business. Our social, team focused and open culture allows you to work closely with a dedicated team of partners and professionals.

There is no such thing as an average day in Restructuring Services. As the work is incredibly varied, staff may have multiple projects on at any one time. In one project, the client might be a bank who wants our help with the sale of a challenging asset, and in the next, we’re appointed administrator of a retail chain which may involve managing the continuing operations of the business while coordinating a structured wind down which may include the sale of the business or its assets, or restructuring the company's operations to preserve its value.

You could be meeting with creditors or with directors of a company. You might be responsible for financial modelling, or you could be analysing records for signs of antecedent transactions. Business development and building relationships is also considered part of your role.

There is no ‘Graduate’ in your job title. Your job title is ‘Analyst’, which just acts to reinforce the level of responsibility afforded to you in your role.

What will I learn in the first year?

Restructuring Services staff are involved in interesting and meaningful work right from day one, where no two assignments are ever the same. The experience based learning style implemented by Restructuring Services provides graduates with valuable professional development training in an array of areas, such as effective communication, conflict management, presentation, decision making and problem solving. You will be mentored and coached by our partners and professionals who are keen to share their knowledge and experience to ensure you succeed.

Companies will usually seek the advice of Restructuring Services because they are concerned that their organisation may become insolvent without urgent intervention. As a graduate, this means working in a high pressure environment. During a restructure, you will learn how to diagnose the cause of a company’s underperformance by understanding the business, how it operates, its key areas of risk and opportunity, to ultimately devise and implement a plan going forward. The scope for possible impact is immense and can be a rewarding experience. If it isn’t possible to save the company or its business, then your task will be to help wind up its affairs in a fair and orderly fashion. In some instances, our client may actually be a creditor(s) who is seeking to collect enough from the sale of the company’s assets to reclaim its debts.

Working with people whose business is failing can be a highly charged and challenging experience. You’re in a client facing role, so it wouldn’t be unusual to receive a phone call from someone who has just lost their job, or suppliers owed debts, or dissatisfied customers – all of which are interactions that will help to improve your people skills.

There will be opportunities to work across a range of industries and on matters which cross state borders. Some days you’ll be based at the client site whereas other days are spent working in the office on client engagements, in team meetings, finalising deliverables, supporting internal projects or participating in training.

What’s the best part of the role?

Restructuring Services is a multifaceted field of accounting, offering opportunities for professional development and the ability to work across many different industries. It teaches you critical thinking and provides an opportunity to develop a strong commercial and analytical skill set, which are valuable transferable skills. The variety of the work and the culture of the team make it a great place to work.

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