Insolvency Practitioner

We are looking for an experienced Senior Executive to join our established team in the North West in a hybrid capacity.

Job Purpose

The purpose of the role is to be a key member of a team responsible for a portfolio of corporate insolvency engagements with a particular focus on Creditors' Voluntary Liquidations ("CVLs"), and Administrations (“ADMs”). You will be proactive in progressing those cases in conjunction with the case manager and officeholders.

Job Role

The role will involve the following main activities and responsibilities (working within a team which comprises on each case, the appointed IP, case manager plus others on larger cases):

• Being the principal contact within delegated areas of work on assigned cases and dealing with day-to-day case related matters.
• Carry out duties efficiently, thoroughly and in accordance with relevant legal and statutory obligations and the firm's procedures.
•  Contribute to case progression and managing own work stream, agreeing priorities with manager, and keeping the team informed of developments.
• Preparing statutory notices, assisting with report writing and meeting deadlines.
•  Assisting with the preparation of fee estimates, proposals and decision procedures to seek appropriate creditor approval.
• Assisting in the preparation of additional reports to key stakeholders.
•  Assisting with areas of investigation work to meet the requirements of SIP2 and CDDA and contributing to reports for submission to the Insolvency Service.
• Assisting in maintaining the receipts and payments account, preparing vouchers for the cashier team to update the case cashbook.
• Assisting in the preparation of VAT returns, as required.
• Attending meetings, documenting discussion at meetings for the case file, including action points to follow up.
•  Contributing to the case strategy and preparing file notes to document key decision-making in case strategy.
• Preparing case reviews in line with the firm's policy, highlighting action points to be followed up.
• Liaising with specialist tax teams as required and assisting with VAT, PAYE and CT compliance.
• Ensuring each case checklist and diary are kept up to date.
•  Dealing with creditor queries and correspondence, logging claims received.
• Assisting with compliance regarding company records.
• Assisting with progressing asset realisations, including liaising with agents and solicitors; and updating control schedules.

Person Specification

• Must have experience of corporate insolvency work.
•  Experience of using IPS (preferred but not essential).
•  Has knowledge of the statutory requirements of insolvent Liquidations and Administrations.
• Has a working knowledge of insolvency legislation and an awareness of relevant current case law.
•  Able to prepare estimated outcome statements, including a Prescribed Part calculation, where relevant.
• Able to maintain control schedules for recording progression with e.g. ROT claims, debtor collections.
• Has experience of producing statutory reports in insolvency cases.
• Possesses strong organisational and time management skills.
• Able to work with a high degree of accuracy and attention to detail.
• Able to identify case-related issues, to independently research and suggest options to resolve.
•  Keen to develop self and others.