Managing Director, Operations

Job Summary:

The Managing Director, Operations is responsible for designing, developing, and implementing the Practice operating strategy and vision, as well as leading the day-to-day operational functions within a Practice(s), in conjunction with the Managing Principal. The role is responsible for developing and implementing the strategic plan for the practice(s) overall and practice areas to meet aggressive growth targets; removing friction from our client acquisition and expansion journey, addressing organizational structure and support for growing practice areas and consolidated Advisory practice with a focus on follow through, execution, and accountability. The Managing Director, Operations is responsible for of the following areas: oversees the Practice Operations function (including a close linkage to finance), leads the Quality and Risk Management program for Advisory; serves as a liaison with the firm’s Compliance and Core Business Services functions, takes an active role in expansion efforts, participates in onshore and offshore efforts and ensures appropriate levels of participation in firm’s initiatives to drive a one firm and client focused mentality.

This role works a sporadic and fluctuating schedule.
 

Job Duties:

Strategy Execution and Operations:
•    Plays a key role in driving strategic initiatives with a focus on removing friction from Operations and Risk processes as well as the follow through, execution, and accountability needed to evolve to a Client Driven Culture 
•    Develops assessments of current state and business plans for aggressive growth and profitability, based on unique firm differentiators, client/market needs, regulatory/legal/economic trends and competitive research and strategies for both organic and inorganic opportunities
•    Presents strategies, recommended implementation steps and results to Principals, employees, vendors, counsel and financial entities
•    Aligns operational intent of the consolidated practice with actual results and provides visibility, programs and actions for business leaders to proactively address business challenges to produce results
•    Works closely with Learning & Development to execute the practice’s continuous learning curriculum in a manner consistent with the strategic vision
•    Acts as the sounding board to the MP for new ideas, initiatives, and strategies as well as strategic guidance related to compliance and market influences that impact the practice.
•    Builds trusting relationships with Operational Leaders such that successful strategic actions executed in one practice can be shared with others
•    Develops structures and processes to advance growth objectives, reduce overhead, improve individual performance, quality, and financial results, focused on business success and retention of our top professionals

Expansion Activity:
•    Develops assessments of current state and business plans for growth and expansion. Lead executive working with M&A to drive due diligence, closing checklists, financial modeling, onboarding, and integration planning 
•    Develops target profiles in conjunction with Managing Principals, Advisory and Managing Principals of Advisory Practices
•    Works with internal and external resources to identify potential acquisition targets or strategic partners
•    Assesses potential acquisition targets for strength of business case, and builds mindshare among Advisory and Firm leadership on target pursuit
•    Develops relationships with target firms and acts as lead business executive to inform and convey the value of BDO
•    Assists with development of financial models and transactions structures
•    Assists with legal documents and schedules related to acquisitions
•    Directs project management of due diligence and day 1 operational conversion
•    Works with firm resources to ensure a smooth post-merger integration that yields the expected results of our business case
•    Develops processes to define a strong operational approach to the M&A program for advisory
•    Works closely with Advisory Integration to ensure effective implementation of customized expansion integration and onboarding professionals

Communication:
•    Drives the business acumen and roadmap to success along wit MP to provide consistent communications of financial results to the consolidated practice, including monthly dashboards and other key bus