Manager, Insolvency and Restructuring
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Job Location:
Monthly Salary:
Posted on:
15 hours ago
Vacancies:
1 Vacancy
Job Summary
### The Role
- Conduct thorough reviews of clients accounting records who are experiencing financial distress to evaluate their asset and liability positions.
- Develop estimated realization schedules to provide strategic advice on suitable insolvency or restructuring pathways.
- Analyze the implications of varying insolvency options on stakeholders including creditors and employees.
- Prepare and disseminate comprehensive reports detailing a corporations financial status to all relevant stakeholders.
- Assume physical and legal control of assets undertakings and properties in relation to corporate insolvency proceedings.
- Prepare and monitor cash flow forecasts for clients in the Notice of Intention to File a Proposal (NOI) phase under the Bankruptcy and Insolvency Act.
- Maintain current knowledge of Canadian insolvency legislation notably the Bankruptcy and Insolvency Act (BIA) ensuring compliance with all procedural and regulatory standards.
- Conduct detailed investigations into the financial operations of corporations identifying potential fraudulent transactions or preferential transfers.
- Act as an impartial intermediary focusing on maximizing recovery for creditors while ensuring equitable treatment of all stakeholders through the insolvency process.
- Organize and facilitate meetings with creditors to navigate the insolvency process address disputes and provide updates regarding the debtors financial condition.
- Assist in the acquisition and liquidation of assets managing the distribution of proceeds to creditors in accordance with legal priorities and collaborate with the Trustee to oversee the restructuring or liquidation process.
- Aid in the completion of the closing taxation and discharge procedures for concluded insolvency estate administrations.
- Communicate with the Office of the Superintendent of Bankruptcy as necessary.
- Support the preparation and submission of corporate tax returns.
- Mentor and train junior team members in the intricacies of insolvency proceedings.
- Engage in a variety of marketing and networking initiatives to promote services.
### Qualifications
- Bachelors degree in Accounting.
- Chartered Professional Accountant (CPA) designation or an equivalent credential.
- Minimum of 2 years of experience in corporate insolvency proceedings.
- Completion of or current pursuit of the Licensed Insolvency Trustee (LIT) designation.
- In-depth understanding of the Bankruptcy and Insolvency Act.
- Outstanding interpersonal and communication abilities with proficiency in technical writing and verbal communication complemented by a strong work ethic.
Company Industry
IT Services and IT Consulting
Key Skills
- Compliance Management
- Administrative Functions
- Oversight
- Administrative Activities
- Administrative Tasks
- Budget Preparation
- Facilities Management
- Daily Operations
- Account Management
- General Ledger Accounts
- Personnel Files
- Administrative Management
- Financial Statements
- Administrative Operations
- Annual Budget
