Location: Madrid, Spain
Date Posted: Nov 5, 2026

About Alvarez & Marsal

Alvarez & Marsal (A&M;) is a general consulting firm with entrepreneurial, action and results-oriented professionals. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M;'s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M;

The Team

A&M; is the world's largest Turnaround & Crisis management firm. Our Financial & Operational Restructuring (F∨) practice is a market-leading EMEA team of more than 200 professionals.

In Spain, we operate from Madrid and Barcelona, advising lenders, private equity sponsors, corporates and financial institutions on complex financial and operational situations. We help them evaluate risks, opportunities and restructuring options.

The Spanish team is growing. We are hiring ambitious Interns for a 6-month Off-Cycle with potential roll-over to Analyst position

What you will do

Join the Spain Financial & Operational Restructuring team and provide support on client engagements for lenders (private credit funds and financial institutions) and corporates (PE-owned and independent).

Contribute directly to engagement workstreams:

- Financial analysis of target companies' performance (P&L;, cash flow)
- Support in business plan reviews and capital structure analysis
- Prepare ad-hoc analysis for holistic turnaround processes
- Preparation and review of short-term cash flow and liquidity forecasts
- Produce client deliverables using advanced Excel and PowerPoint.
- Support the team on pitches and commercial initiatives:



research company financials and business performance using available databases and turn the findings into pitch material.

What we are looking for

- Currently enrolled in a Master's or final year of an undergraduate degree in Business, Engineering or an equivalent discipline.
- Solid financial and analytical foundation: accounting fundamentals and corporate finance basics and strong analytical and problem-solving skills.
- Clear written and verbal communication.
- Strong sense of responsibility and a proactive, team-oriented attitude.
- Advanced Excel and PowerPoint skills.
- Fluent business English and Spanish (essential)
- Genuine interest in a career in Financial & Operational Restructuring.

Your Journey at A&M;

We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person’s unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career.

We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M.; The possibilities are endless for high-performing and passionate professionals.





Culture & Values

At Alvarez & Marsal, our core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity guide everything we do, shaping a culture rooted in entrepreneurship, impact, and integrity. We trust our people to take ownership early, contribute to meaningful challenges, and drive results that matter. We empower growth and champion diverse perspectives. Above all, we value doing the right thing. For those ready to roll up their sleeves, lead with integrity, and be difference makers, this is where it starts.

Equal Opportunity Employer

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M; policy statements and additional information by region here.

Unsolicited Resumes from Third-Party Recruiters

Please note that as per A&M; policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M; will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.

📌 Off Cycle Analyst - Financial & Operational Restructuring (Madrid)
🏢 Alvarez And Marsal
📍 Madrid