Job at a glance
The purpose of the role is to be a key member of a team responsible for a portfolio of corporate insolvency engagements involving Administrations and Creditors' Voluntary Liquidations ('CVLs'). You will be proactive in progressing those cases in conjunction with the case manager and officeholders. About the 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): Managing a portfolio of corporate insolvency cases from appointment through to closure, under appropriate supervision.
Progressing cases proactively, managing priorities effectively and keeping the team informed of developments. Agreeing weekly work priorities with the manager. Identifying and escalating technical, commercial and risk matters to managers and officeholders at an early stage. Carrying out work efficiently and in compliance with relevant legal and statutory obligations and the Firm's procedures. Maintaining accurate case records, including checklists, diaries and electronic files.
Preparing statutory notices, reports, proposals, estimated outcome statements and additional reports to key stakeholders. Assisting with fee estimates, remuneration approvals and decision procedures. Drafting correspondence and responding to routine enquiries from creditors, directors and other stakeholders. Reviewing books and records to identify potential asset recovery opportunities and investigation matters.
Undertaking investigations to meet the requirements of SIP2 and CDDA, including preparing director conduct reports and supporting with subsequent reports/enquiries, where required. Assisting with the development and implementation of case strategies, including documenting key decisions and actions. Preparing case reviews in line with the Firm's policy, highlighting action points to be followed up and being proactive in dealing with outstanding matters.
Processing case transactions, including payments, receipts and journals, using IPS Cloud. Preparing VAT returns and supporting VAT, PAYE and corporation tax compliance requirements in correspondence with specialist tax teams, where required. Assisting with employee and pension-related matters, including collating data, reviewing claims and preparing submissions to the Redundancy Payments Service. Supporting asset realisations, including liaising with agents and solicitors.
Assisting with the marketing process when a business is offered for sale. Understanding the requirements of Statement of Insolvency Practice 9, record time appropriately and produce SIP 9 reports following training on the Firm's bespoke time-recording system. Attending meetings and preparing file notes to document discussions, decisions and agreed actions points to follow up. Supporting the development of junior team members through coaching, guidance and knowledge sharing.
Assisting with the management, storage and archiving of company records and case documentation. Experience of corporate insolvency work, particularly Administrations and/or CVLs. Experience using IPS Cloud (or equivalent insolvency software) and Microsoft Office applications. CPI and/or an accounting qualification (desirable but not essential). Good working knowledge of insolvency legislation and an awareness of relevant current case law.
Experience of preparing statutory reports, notices and other insolvency documentation. Experience with dealing with creditor claims, employee claims, investigations and asset realisations. Able to prepare estimated outcome statements, including a Prescribed Part calculation, where applicable. Experience of maintaining case control schedules, including matters such as retention of title claims and debtor collections.
Experience of managing delegated aspects of insolvency cases with appropriate supervision. Experience of liaising with directors, creditors, agents, solicitors and other key stakeholders. Strong organisa