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
Portfolio Advisory Group (PAG), part of the wider Financial Industry Advisory Services (FIAS) practice at Alvarez and Marsal, is currently looking for an Analyst or Associate to join our entrepreneurial and dynamic team based in Milan.
This role revolves around four core areas of expertise: Performance Improvement, Loan Portfolio Advisory, Bank Restructuring and Regulatory Advisory. A&M’s PAG team is a leading advisor to financial institutions, platforms, investors and financiers for credit, distressed assets, non-banking assets and real estate transactions.
Reflecting its international marketplace, the team is headquartered in Milan with comprehensive coverage across markets in EMEA through our various other offices.
PAG professionals provide advisory to clients on asset options analysis, data and analytics, transaction preparation and structuring, M&A and transaction execution, portfolio/asset valuation/pricing, asset on-/off-boarding, portfolio acquisition due-diligence & underwriting and operational segregation/carve-out.
The team covers a range of products, such as credit advisory, corporate M&A (lending businesses, origination and servicing platforms for credit and real estate) and secured funding and securitisation advisory.
Our team is comprised of some of the most respected, trusted and highly skilled advisors in the industry and who have advised on every major European non-core transaction in the past five years.
How you will contribute
The role will entail supporting the wider team on advising on balance sheet / portfolio optimization, M&A transactions on loan portfolios, structured credit solutions, performance improvement, bank restructuring and resolutions.
The resource will support the team in the execution of strategic projects related to the management, valuation, and disposal of NPE/NPL portfolios, including secured, unsecured, UTP, and Real Estate assets.
To do this effectively, you will need to:
- Support the analysis and valuation of NPE/NPL portfolios, contributing to the preparation of reports, business plans, and presentation materials for clients and investors.
- Participate in M&A and distressed M&A transactions, both sell-side and buy-side, assisting with due diligence activities, financial analysis, and preparation of transaction documentation.
- Assist in the preparation of pitches, proposals, and commercial materials, contributing to business development activities.
- Develop financial models, cash flow models and projections;
Work closely with senior team members and cross-functional teams.
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In joining a growing business, you will have the opportunity be involved in business development activities and will join the team meetings where WIP, project pipeline, resourcing, marketing and business development initiatives are discussed. You will be actively involved in these discussions and be an integrated part of the FIAS team.
Qualifications
- Master degree (or equivalent) in a relevant finance, economics or business-related subjects;2-3 years work experience in the Financial Services industry within IBD, Consulting Firms or other International Advisory Organizations;
- Previous experience in Financial Services, Investment Advisory, Portfolio Advisory.
- Good knowledge of the NPE/NPL market, including pricing dynamics, servicing, recovery strategies, and securitization processes.
- Exposure to M&A transactions (sell-side, buy-side, and distressed)
- Excellent financial analytical skills (Excel, Alteryx, Tableau, Python, etc. ) & presentation skills (Powerpoint);
- Be an action-oriented self-starter with strong analytical skills;
- Methodical and logical mindset to problem solving, an effective approach to time management and the ability to work to tight deadlines;
- Excellent oral and written communication skills in Italian and English;
- Willingness to travel internationally;
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.
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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, 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.
It 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.
Please 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. 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.
