Business Restructuring Services at PricewaterhouseCoopers (PwC)

Job Description & Summary

• A career within Deals Business Recovery Services, will provide you with the opportunity to support our clients survive an imminent crisis or simply fix gaps in their organisation. We help clients, reduce balance sheet stress, generate cash and reduce costs or refinance to find the best source of capital to support their business objectives. Whatever the solution, we help them manage challenges until the job is done.
• A career in our Business Restructuring Services practice, within Deals Business Restructuring Services, will provide you with the opportunity to support our clients survive an imminent crisis or simply fix gaps in their organisation. In joining, you’ll help clients, among other things, reduce balance sheet stress, generate cash and reduce costs or refinance to find the best source of capital to support their business objectives. Whatever the solution, we help them manage road blocks until the job is done.
• Our team helps businesses identify and access the right debt markets to support capital needs, allowing our clients to raise or retain financing on the most advantageous terms. As part of our team, you’ll assist with financial modelling, developing a comprehensive set of financing solutions, and managing the execution of the solution best aligned to our client.

About the team

The Business Restructuring Services team (“BRS”) practice in PwC Deals operating across all segments of the restructuring and insolvency market. The team provides financial advice on debt raising, financial restructuring and insolvency services to a wide range of corporates and stakeholders including lenders, equity holders, credit funds, pension trustees and government bodies. Whilst based in Johannesburg, the team often works across South Africa, but also on leading sub Saharan Africa projects and the role may include an element of South African-wide and international travel.  
To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be an authentic and inclusive leader, at all grades/levels and in all lines of service. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.
As a Manager, you’ll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:

• Pursue opportunities to develop existing and new skills outside of your comfort zone.
• Act to resolve issues which prevent effective team working, even during times of change and uncertainty.
• Coach others and encourage them to take ownership of their development.
• Analyse complex ideas or proposals and build a range of meaningful recommendations.
• Use multiple sources of information including broader stakeholder views to develop solutions and recommendations.
• Address sub-standard work or work that does not meet firm’s/client’s expectations.
• Develop a perspective on key global trends, including globalisation, and how they impact the firm and our clients.
• Manage a variety of viewpoints to build consensus and create positive outcomes for all parties
• Focus on building trusted relationships.
• Uphold the firm’s code of ethics and business conduct.

About the role
A typical assignment may include some or all of the following

• Independent business review of current financial position, key drivers of value and key risks of businesses across a range of sectors and geographies to identify the right capital structure solution. 
• Review (often in a short space of time) of businesses for long term viability, valuation and assessment of options (including contingency planning) 
• Review and understanding of the priority of various classes of creditor.
• Managing and monitoring the cash flows of a business.
• Work with multiple senior stakeholders to negotiate, agree and implement solutions.
• Work alongside management to implement cost saving and working capital improvement plans. 
• Work alongside other PwC teams, including specialist lines of service and sector experts.
• Preparation of presentations and/or reports to key stakeholders (e.g. lenders, private equity sponsors, management).
• Undertake executory appointments
   

Minimum Qualifications

• CA(SA) / CFA/CIMA/LLB or relevant degree
   

Essential skills and experience

• Sound financial analytical skills.
• Strong commercial and business acumen.
• Understanding of key restructuring and insolvency principles.
• Strong interpersonal skills and comfortable communicating with all levels (internal and external).
• Desire to manage, develop and train junior members of the team.
• Flexibility in terms of diverse industries and role.
• Flexibility in working location.
• Ability to support marketing and business development, demonstrating a proactive approach to the marketplace.
• Proven project and time management skills.
• Good excel modelling skills.
• Ability to work to tight deadlines in a pressurised working environment.
• Excellent verbal and written English.
• Good understanding of Insolvency Law and Business Rescue