Julia works for KordaMentha which is a boutique professional services firm. This role of this company is to help businesses who are in financial trouble, whether that means working out a way to turn the company around or to wind it down or sell it.
I’m Associate Director in KordaMentha, a corporate advisory and restructuring company. We’re a boutique firm, but we operate at the top end of the market on large-scale engagements.
I went to UTS and did the Bachelor of Accounting – a cooperative scholarship program, which means my three years included two separate periods of six months full-time work experience with a sponsoring work organisation. I came out of uni with a business degree and a full year of work experience. After uni I went and joined Arthur Andersen as a graduate. Two months later we were all effectively made redundant because of Enron.
It was interesting that I’d joined corporate restructuring, and then went through it myself when I worked for Arthur Anderson in Chicago.
I’m a lot more empathetic where we have to make clients’ employees redundant, because I can tell them I’ve been there myself. I understand the need for communication with staff, and effective change management.
Our business is very cyclical. If it’s quiet I might not have much chargeable work, and work on practice management issues and non-chargeable administrative work. When we’ve got a job going, you could end up working 80 hours a week and work over nights and weekends for extended periods or weeks at a time.
The people. There’s great camaraderie. We’re a young group and everyone wants challenging work and works hard. Also, I like the feeling that I’m making a contribution in what can be a very difficult situation sometimes.
The administration, like filling out forms. Doing our time sheets and expenses.
It’s a very numerate job, where decisions are primarily based on what the numbers say. However, there’s a large element of commerce in what we do.
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