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Transformation & Turnaround
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Associate Partner - McKinsey Transformation
McKinsey & Company
Riyadh Saudi Arabia · Jeddah Saudi Arabia
Posted on Thursday, May 18, 2023
Associate Partner - McKinsey Transformation
McKinsey Transformation is a unit of McKinsey, founded in 2010, that focuses exclusively on holistic transformations and corporate restructuring.
Who You'll Work With
As an MT Associate Partner, you will be a Part of our Riyadh or Dubai offices and serve clients with the MT “recipe” of leveraging a holistic, execution-centric approach, providing interim management and transformation leadership capabilities, and integrating the “best of the firm” (including other New Ventures, plus sector and functional knowledge). To achieve proven results, you also will apply all levers, not only cost (but also including revenue, strategy, organization, and capital). Your client engagements will often span 12-24 months, and they will include three phases: Independent Diligence Phase, Bottom Up Phase, and Implementation.
We help clients drive rapid and dramatic performance improvement, plus provide a full suite of services to support companies facing liquidity issues or insolvency. To do so, we pair experienced professionals who are drawn from industry, private equity, and the restructuring ecosystem with our firm’s global network of industry and functional experts. We are doers, and we work closely with clients to execute the steps needed to achieve extraordinary performance improvements.
What You'll Do
You’ll serve clients in either a Chief Transformation Officer or Engagement Director role (or sometimes both), helping these clients in their turnaround and transformation efforts. The primary difference between these two roles is that the CTO role often operates as a formal or informal part of a client’s management team, while the ED role is more similar to a traditional McKinsey ED role.
CTO role: As a CTO, you will act as the change leader who is responsible for spurring a radical re-think of the client’s operating model and conventional wisdom. You will operate as an extension of the CEO, occasionally with the positional authority and mandate to influence decisions across personnel, investments and operations. While you will not replace line leaders, you will provide “leverage,” so that the turnaround initiatives and day-to-day business activities run at full speed in parallel. In doing so, you will be responsible for the overall execution and success of these large-scale turnarounds and transformations, often playing an interim client role, and always building strong, trust-based counseling relationships with senior client executives. Throughout this work, you will have the support of a traditional MT engagement team, led by an Engagement Director.
ED role: As an Engagement Director, you will lead a team of consultants to identify the strategic, operational, organizational, and financial levers that will deliver rapid and dramatic client impact. By combining a strategic perspective with disciplined implementation, you will lead your team in pulling these levers. Throughout this process, you will apply the firm’s results-oriented and proprietary MT “recipe,” which is backed by tools, benchmarks, and methodologies. Specifically, you will be responsible for delivering the right transformation process, integrating it across multiple workstreams, establishing the right mindset based on the latest performance, and mobilizing the entire business to achieve and sustain value. You also will be responsible for ensuring that the team fully and properly leverages the capabilities of MT globally, across both of the MT service lines.
Finally, in addition to client-facing work, you also will help scale the MT practice in your chosen geography, plus contribute to building the MT practice globally.
Qualifications
- Bachelor's degree is required; master's degree or MBA is preferred
- Line experience leading transformations or turnarounds, specifically restoring businesses to financial profitability and operational excellence, is strongly preferred
- Track record of consistently delivering high-impact results to meet clients’ needs
- Previous experience as a CTO, CRO, CEO, COO, CFO, or GM of a company of large and complex business unit is strongly preferred, with a specific preference for geographically diverse businesses with >$1B in revenue
- Robust understanding of financial and operational levers also is required (e.g., business plan modeling, working capital management, financial statement analysis)
- Experience working in professional service environments, especially in management consulting or investment banking, is a plus
Job Skill Group - CSS Associate
Job Skill Code - AP - Associate Principal
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