Brad Portnoy

Prior to joining Ankura, Brad served as a manager within a turnaround and restructuring practice, where he provided financial advisory services for both the debtor and creditor sides, as well as advised on bankruptcy accounting implementation.

Brad’s recent professional experience includes:

• Operational Advisor: Optimized third-party delivery operations and accounting for a private equity owned restaurant group. Enhancements led to multimillion historic cash recapture and an estimated multimillion in cash recapture in perpetuity. Accounting close time was reduced by 50% through automation and improved data integrity.
• Strategic Financial Advisor: Managed a rapid strategic assessment of a Texas-based utility, which was negatively impacted by the 2021 winter storm Uri. Worked closely with the executive team to develop a scenario-based cash flow model with both short-term and long-term forecasting capabilities. Cash flow scenarios were used in negotiations with banks and vendors, which ultimately led to adjusted terms and saved the company from being forced to file for bankruptcy protection.
• Forecast Process Design: Led financial modeling and scenario analysis procedures for a Fortune 500 company in the travel industry during the COVID-19 pandemic. The model’s sensitivities were based primarily on customers’ willingness to travel. Cash flow model output given to company’s FP&A team and resulted in a more than $3 billion capital raise.
• Dashboard Development: Designed a dynamic Tableau dashboard solution for a restaurant chain. Client leveraged the dashboard to analyze run-rate impacts of optimal store portfolio during negotiations with landlords. Key dashboards included interactive P&L bridges, map-enabled store visualization with KPI’s, and other performance metrics.