T1 RX Consulting Lateral Interviews | A&M/FTI/Alix (analyst/associate)

Made a post covering interviews, that I've linked : https://www.wallstreetoasis.com/forum/consulting/prepping-for-rx-consulting-trs-co-interviews

Given that you're going for lateral positions though, you can expect the questions to (maybe?) be a little more convoluted than for SA...of course this depends on your interviewer, how many years of exp you have, past exp etc. Dug through some past questions that a) I've asked for slightly more experienced hires than SA and b) I've heard be asked, and you can find them below. Note that these are primarily consulting style questions, but there's a good chance you'll get asked RX IB type questions if you're going for creditor heavy rx consulting firms...but I don't have any good ones. Anyways :

1. You are parachuted in to support a senior lender in a multilender real estate deal. The borrower has filed Chapter 11, DIP financing is contentious, and mezz holders are threatening litigation. A stalking horse bid is in progress but unpriced. How do you protect the lender’s position over the next 10 days?
2. A multi-entity industrial manufacturer with $500M in debt has missed a covenant test, its private equity sponsor refuses to inject new capital, and cross-default clauses are in play across international subsidiaries. The CFO is optimistic about a major government contract win, but no paperwork has been signed. The company has 3 weeks of cash runway. What do you do first, and how do you manage stakeholders?
3. The CEO of a family owned auto supplier is refusing to file, despite a missed bond payment and halted production from a Tier 1 customer. What’s your approach?
4. You’re advising the unsecured creditor committee of a retail chain in Chapter 11. The debtor’s DIP budget is off track, management is missing KPIs, and the stalking horse bid just withdrew. What are your options and what leverage do you have?
5. A sponsor-backed B2B services company with foreign subsidiaries in 9 countries is facing an intercompany loan unwind risk that could trigger cross-defaults. There’s no consolidated cash view, and local teams are withholding info. How do you get control of the global liquidity picture and advise on stabilization?

*amounts and some stuff have been changed

As for where they look for candidates...it's really not that well defined. Look though some profiles and you'll see people from a wide range of backgrounds. What's most important is that you're 1) genuinely interested 2) can work exceptionally well under pressure 3) can analyze lots of data in a short period of time 4) are interested in learning and can learn a lot fast 5) soft skills like empathy etc. Imo they typically look at RX IB, Perf. Imp consulting, PE or Portfolio ops, FP&A, Legal the most.