Cleveland, Ohio, United States
20 hours ago
Restructuring & Bankruptcy Accounting Senior Consultant
Position Summary

Restructuring & Bankruptcy Accounting Senior Consultant

Our Deloitte Strategy & Transactions team helps guide clients through their most critical moments and transformational initiatives. We offer comprehensive end-to-end support and advisory services, covering areas such as valuation modeling, cost optimization, restructuring, business design and transformation, infrastructure and real estate, mergers and acquisitions (M&A), and sustainability. The team works closely with clients at every stage of their journey, helping them navigate challenges, avoid financial pitfalls, and implement practical solutions before, during, and after major transformational projects or transactions creating lasting impact.

Do you want to help clients through complex transactions? Are you a problem solver who wants to work with clients to figure out what lies behind the financial numbers? If so, Deloitte’s Bankruptcy Accounting team could be the place for you! Our professionals are part of our Performance Improvement & Restructuring Offering, within our broader Strategy & Transactions practice. This specialized team brings technical accounting and operational experience, as well as a value-driven methodology to help our clients make the best decision for their mission. Deloitte’s Bankruptcy Accounting team is a leader in helping organizations transform periods of financial difficulty or crisis into opportunities for business rejuvenation. They help companies implement Fresh-Start accounting by being on the ground, bringing specialists in bankruptcy, accounting and valuation, IT, and tax. From planning and systems readiness to implementation and validation, Deloitte’s Fresh Start accounting specialists have experience managing some of the largest corporate bankruptcies in US history.

Recruiting for this role ends on 9/30/2025.

Work You’ll Do

We assist companies in recording transactions during and upon emergence from bankruptcy, which is one of the most complex and demanding accounting challenges an organization may face. As a Senior Consultant within Bankruptcy Accounting, you will (but not be limited) to:

Gain experience with a large array of clients of varying sizes in different industries and locations

Have opportunity to interact with senior level management at clients and lead meetings and discussions

Take lead on building various models and reconciliations

Conduct technical accounting research

Identify opportunities for efficiencies in process and innovative approaches to completing scope of work

Maintain responsibility for completion and accuracy of work product

Participate in team problem solving efforts and offer ideas to solve client issues

Actively expand consulting skills and professional development through training courses, mentoring, and daily interaction with clients

The Team

Our Performance Improvement & Restructuring (PI&R) practice develops and leads enterprise-level Board and C-suite agendas for clients across the performance spectrum—healthy, underperforming, and distressed—to enhance margins, address financial challenges, and optimize cash flow in support of critical transformation initiatives.

The bankruptcy process and the related technical accounting requirements, determining the fair value of all the assets and liabilities of a business enterprise, and pushing the results down to every legal entity can be an enormous burden on financial, operational and systems management and their supporting teams. As part of our PI&R practice, Deloitte’s Bankruptcy Accounting Team leads both large multinational organizations and mid-market companies through unique corporate restructuring challenges. Our team completes the process as quickly as possible and allows our clients’ management to move forward and focus on the operations of the newly reorganized business. The Fresh Start team process necessitates two significant accounting events - recording the effects of a Plan of Reorganization and the revaluation of both assets and liabilities for debtors and non-debtors alike. These events are also typically coupled with a significant amount of merger and restructuring activity.

Qualifications

Required:

Minimum of three years financial audit experience/accounting advisory position with a public accounting/advisory firm supporting or a minimum of four years financial reporting and consolidations experience with a Fortune 500 organizationCertified Public Accountant (CPA)/Chartered Accountant (CA) or partial completion (at least one certification completed)Bachelor’s Degree in Accounting and three+ years relevant work experience; alternatively, a Master’s Degree in Accounting with two+ years relevant work experience Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the futureAbility to travel up to 50%, on average, based on the work you do and the clients and industries/sectors you serveProficiency with Microsoft Word, Microsoft Excel, and PowerPoint

Preferred:

Experience in the following areas:Fresh-Start (ASC 852) or purchase accounting (ASC 805)Financial reporting and consolidation, including intercompany accountingUnderstanding of the bankruptcy processStrong modeling and Microsoft Excel skillsAbility to extract useful information from dataCertified Turnaround Professional (CTP), or Certified Insolvency and Restructuring Advisor (CIRA)Proven experience effectively prioritizing workload to meet deadlines and work objectivesAbility to manage aspects of multiple work streams and train lower-level staff Uses problem solving skills to provide alternative solutions to complex issues

Information for applicants with a need for accommodation: https://www2.deloitte.com/us/en/pages/careers/articles/join-deloitte-assistance-for-disabled-applicants.html

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $118,700 to $218,600.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

As used in this posting, "Deloitte" means Deloitte Financial Advisory Services LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.

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