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Associate Managing Director Jobs in Chicago, IL (NOW HIRING)

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Associate Managing Director information

What is an associate managing director?

An Associate Managing Director is a senior leadership position within an organization, typically responsible for assisting the Managing Director in overseeing daily operations, strategic planning, and team management. They help implement company policies, coordinate between departments, and support the organization’s long-term goals. This role often serves as a bridge between upper management and other teams, ensuring that objectives are met efficiently. Associate Managing Directors may also take on specific projects or business initiatives and are often prepared to step into the Managing Director role if needed.

What are the key skills and qualifications needed to thrive as an associate managing director, and why are they important?

To thrive as an Associate Managing Director, you typically need strong leadership abilities, strategic planning skills, and a background in business administration or a related field, often supported by an advanced degree such as an MBA. Familiarity with financial management systems, project management tools, and relevant industry software is usually required. Exceptional communication, decision-making, and team-building skills help you motivate teams and drive organizational success. These competencies are crucial for effectively overseeing operations, achieving business goals, and fostering a high-performance culture.

What are some common challenges faced by associate managing directors, and how can they be addressed?

Associate Managing Directors often navigate the challenge of balancing strategic oversight with day-to-day operational management. They must ensure alignment across multiple departments while meeting performance targets and supporting their teams. Effective communication, delegation, and prioritization skills are essential to manage diverse responsibilities and stakeholder expectations. Building strong relationships with both senior leaders and direct reports can help address these challenges and foster a collaborative work environment.

What is the difference between Associate Managing Director vs Senior Director?

AspectAssociate Managing DirectorSenior Director
Required CredentialsTypically requires advanced degrees (MBA, Master's) and industry experienceSimilar credentials, often with more extensive leadership experience
Work EnvironmentHigh-level strategic roles within organizations, often in finance, consulting, or corporate sectorsSenior leadership roles overseeing departments or divisions
Employer & Industry UsageCommon in finance, consulting, and corporate sectorsPrevalent in similar industries, often as a step before Vice President

The Associate Managing Director and Senior Director roles share similar credentials and work environments, with the main difference being the level of seniority and scope of responsibilities. The Associate Managing Director often focuses on strategic initiatives with a broader organizational impact, while the Senior Director typically manages specific departments or functions. Both positions are key leadership roles within their industries.

What are the most commonly searched types of Managing Director jobs in Chicago, IL?

The most popular types of Managing Director jobs in Chicago, IL are:

What are popular job titles related to Associate Managing Director jobs in Chicago, IL?

For Associate Managing Director jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Associate Managing Director jobs in Chicago, IL look for?

The top searched job categories for Associate Managing Director jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Associate Managing Director jobs?

Cities near Chicago, IL with the most Associate Managing Director job openings:

Associate Managing Director jobs near you
Infographic showing various Associate Managing Director job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 25% Part Time, 1% Temporary, and 1% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution.

Managing Director, Turnaround & Restructuring Services

Portage Point Partners

Chicago, IL • On-site

$925K/yr

Full-time

Re-posted 6 days ago

Job description

At Portage Point Partners (Portage Point), you are not a cog in a legacy machine, you are shaping strategy, influencing outcomes and being rewarded for driving impact. Backed by New Mountain Capital, Portage Point is recognized for accelerated growth and is consistently featured in rankings from Inc.5000, The Financial Times and Consulting Magazine. This recognition is a testament to our focus on excellence, intensity and pace and ability to attract blue chip talent committed to delivering best-in-class outcomes. Our cross-functional platform spans the full business lifecycle and offers middle market clients integrated solutions across Transaction Advisory Services (TAS), Valuations (VAL), Transaction Execution Services (TES), Office of the CFO (OCFO), Performance Improvement (PI), Interim Management (IM), Investment Banking (IB) and Turnaround & Restructuring Services (TRS).
The TRS team tackles urgent, complex challenges with speed and impact. As former operators, investors and lenders, the TRS team combines blue chip experience with intense focus to consistently deliver tailored solutions across operational turnarounds and financial restructurings.
The Managing Director, TRS at Portage Point represents a unique opportunity to assume a wide range of responsibilities and make a significant impact. This Managing Director, TRS is a client delivery leadership position for highly capable professionals to make substantial contributions to overall firm growth. The Managing Director, TRS will report directly to the Practice Line Leader, TRS and will focus on developing new and existing client relationships as well as ensuring all aspects of strategic, operational and financial engagements are delivered with the highest quality standards and impact. You will support key initiatives, manage discrete workstreams and work closely with senior leaders. If you thrive in a high-performance culture and want to help build the future of a rapidly growing consultancy, this is the right role for you.
Responsibilities
  • Work directly with senior personnel at Portage Point and our clients to develop comprehensive solutions to complex operational and financial challenges across the business lifecycle including formulating and implementing value creation and business transformation plans, contingency planning and bankruptcy preparation / execution
  • Work with the Portage Point team of Associates to Managing Directors to lead execution of all deliverable workflows
  • Assess organizational and individual structures and effectiveness
  • Oversee liquidity management (cash flow forecasting, treasury operations and stakeholder communications), case administration (filing preparation, bankruptcy reporting, claims support and plan support) and supporting the development and formulation of business / restructuring plans
  • Identify areas for operational improvements and cost reduction
  • Review detailed financial projections and business plans
  • Review executive reporting packages including key performance indicators (KPIs), financial performance, budget, board of director presentations and stakeholder presentations
  • Structure and incorporate streamlined processes to improve efficiencies
  • Identify and re-allocate resources to operational, growth, financial and strategic initiatives with highest risk adjusted return
  • Present KPIs, financial performance, budget, board of director presentations, stakeholder presentations
  • Lead various operational, financial and management meetings and key constituent communications / negotiations
  • Contribute to the origination and selling of projects including experience pitching to or partnering with senior executives, private equity firms, lenders, lawyers and other related buyers
  • Advise clients and makes decisions that demonstrate expertise, synthesizing the core drivers of both the clients' business, situational analyses and the underlying complexity of the situation to maximize value
  • Provide coaching and mentorship to junior team members
  • Lead or support internal trainings and best practice sharing
  • Lead business development and client relationship efforts
  • Lead talent acquisition and firm-building initiatives
  • Contribute to creating a high-performing and inclusive culture

Qualifications
  • Bachelor's degree from a top undergraduate program
  • Located in or willing to relocate to Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Nashville, New York, Palm Beach or Philadelphia
  • Invested in a team-based culture, motivated to collaborate in office four days per week and willing to work at client sites as needed
  • Significant experience in the areas of strategic, financial or operational consulting, investment banking, restructuring / distressed, private equity, lending and/or industry roles
  • Proven leader in the delivery of high-value work that exceeds client expectations
  • Demonstrated capability of developing new business transformation, restructuring and interim management
  • Deep experience supervising other professionals and acting in a manner that serves to motivate, develop and bring out the best in others. Provides clear direction, coaching and mentoring to team members
  • Mastery of financial modeling including ability to review three statement models, 13-week cash flows, dynamic KPI packages and complex ad hoc analysis
  • Superior written and verbal communication skills, including executive-ready presentation and reporting skills
  • Proven ability to thrive in lean, fast-moving teams
  • High attention to detail, responsiveness and ownership mindset
  • Track record of success in high-pressure, client-facing environments

$925,000 - $2,000,000 a year
In accordance with pay transparency laws in the City of New York and the State of California, Portage Point provides a good-faith cash compensation range for this position. This range represents the cash compensation (base plus bonus) that the firm reasonably expects to pay upon hire, based on good-faith and reasonable estimate at the time of posting. The final compensation within this range will depend on the candidate's qualifications, education, training, experience and location. In addition to cash compensation, Portage Point may offer comprehensive benefits and equity participation, which are not reflected in the pay range above.
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

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