Insolvency Administrator

Recruiter
Marks Sattin recruitment
Location
Birmingham
Salary
22000.00 - 30000.00 GBP Annual
Posted
19 Oct 2019
Closes
23 Oct 2019
Job Type
Administrator
Contract Type
Permanent

We are currently partnered with a well-established, growing Corporate Finance boutique who are in urgent requirement for the recruitment of an Insolvency Administrator.

The Role

  • To contribution to the formal insolvency team dealing with a mixture of insolvency cases.

Responsibilities

  • Reporting directly to line manager, case manager, senior administrators as required.
  • Keep Partner(s), Directors and/or manager(s) updated on current position of cases as required.
  • Efficient and cost-effective progression of case portfolio.

Case Work

  • Plan, control and maintain a portfolio of cases comprising ADMs, CVLs, COMPs, CVAs, ADRs, MVLs, BKY's.
  • Assist team in continuing to trade on site at clients' premises.
  • Progress case administration with supervision from manager/senior administrator.
  • Progress cases to closure, having regard to the time and budgets for each individual case.
  • Deal with and adjudicate on retention of title, preferential and unsecured claims with assistance.
  • Draft reports to debenture holders/committee/the creditors and the court.
  • Prepare documentation for statutory meetings, e.g. p51, s98, s48, s105, s106.
  • Draft directors' disqualification reports.
  • Deal with day to day correspondence, including non-standard correspondence.
  • Calculate and arrange payment of dividends to all classes of creditors.
  • Carry out file reviews on time to ensure proactive progression of cases.

Financial matters

  • Prepare and interpret receipts and payments summaries and estimated outcome statements.
  • Prepare draft statement of affairs.
  • Complete appropriate banking and cheque request forms, etc., in order to ensure that estate monies are handled and dealt with correctly.
  • Complete VAT/tax returns.

Compliance issues

  • Adhere to statutory compliance and current legislation, best practice and the businesses policies and procedures.
  • Maintain and update IPS diary lines.
  • Maintain checklists and complete file reviews in timely manner to ensure proactive case progression.

Asset realisations/Sale of business

  • Liaise with solicitors and professional agents.
  • Maximise asset realisations ensuring that recoveries are pursued in a proactive and cost effective manner.

Competencies

  • Planning and organisation
  • Communication
  • Client Care
  • Working with IT
  • Teamwork

Experience & Qualifications

  • Minimum 2 years' relevant insolvency experience.
  • Good knowledge of all types of insolvency, particularly administrations, receiverships, company voluntary arrangements and liquidations and all aspects of insolvency casework and trading on situations.
  • Ability to apply technical knowledge to day to day case work.
  • Studying towards ACCA/ACA qualification (desirable but not essential) or ICAEW Certificate in Insolvency.