Insolvency Assistant Jobs

Insolvency Assistants responsibilities include a variety of duties and responsibilities concerned with the administration of insolvencies, receiverships and liquidations etc.

Within an insolvency department, the Insolvency Assistants might deal with a mixture of corporate and personal insolvency cases under the supervision of the case managers. The main types of cases involved will be corporate insolvency and will incorporate closures on the corporate side, administrations and receiverships and liquidations. Insolvency Assistants will also be required to provide general support to other staff, maintain personal working files and undertake training as the job develops.

The job is a challenging and varied one which may include planning, controlling and maintaining a portfolio of cases; progressing cases to closure; drafting reports and preparing documentation; attending statutory meetings; maintaining IPS records and diaries, and liaising with solicitors and agents.

Insolvency Assistant Job Requirements

Key Responsibilities

  • Actively managing client relationships in a portfolio of cases, such that monthly payments are set up and maintained
  • Reviewing, overseeing and monitoring of the case allocation of all personal insolvency allocations to the accounts team.
  • Managing a portfolio of cases including Trust Deed, Sequestration (including some AIB Contract Cases) & DAS cases. This will include an allocation of complex cases.
  • Maintaining and updating IPS and other computer applications, such as production of standard letters, updating creditor information
  • Ensuring case progression is monitored and acted upon accordingly
  • Responding to queries from debtors and creditors and providing draft responses to any complaints received within the Team.

An Insolvency Assistant should have:

  • a professional manner
  • first class interpersonal skills
  • an analytical mind with good problem-solving skills
  • self-motivation and the ability to contribute effectively whilst working as part of a team
  • good working knowledge of MS Word and Excel.

Insolvency Assistant Jobs Qualifications

Candidates for Insolvency Assistants are required to possess at least one year's experience preferably in a similar Insolvency role with good practical knowledge of insolvency.  Some previous knowledge of insolvencies, receiverships or liquidations would be advantageous but is not essential. Beneficial to the role of Insolvency Assistant is previous experience of bank reconciliations, VAT, and any experience preparing cash flows or forecasts.

Career/Job Prospects

Day release support may be given to allow the study of an appropriate accounting-based qualification such as AAT or ACCA and then possibly progress to study towards the Insolvency Qualification.

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