Insolvency Administrator Recruitment

Under the Insolvency Act of 1986, an Insolvency Administrator can dismiss directors, managers, and employees, put forward restructuring proposals and close down parts of a company in order to serve the best interest of the creditors. Insolvency Administrators are typically called in when things have gone seriously wrong and are expected to mitigate the damage.

The Insolvency Administrator makes an unbiased appraisal of the state of the business and proposes ways to either save it or close it in order to produce optimal results for creditors. If you are in need of Insolvency Administrator recruitment, contact JMF Associates.

Insolvency Administrator Responsibilities

Exact responsibilities will vary from case to case but the following represent typical responsibilities for the Insolvency Administrator.

• Prepare accurate books and inventories and secure their safekeeping
• Complete IPS case diaries, disqualification reports and more
• Make regular reports to management
• Optimise asset valuations and ensure timely, cost-effective recoveries
• Maintain a portfolio of insolvency cases and shepherd them to closure
• Carry out simple investigative procedures
• Liaise with managers and IPs

The Insolvency Administrator is expected to always:

• Proceed in a timely and efficient manner
• Act in a fair and honourable way
• Manage a company's affairs as delineated in the Administrator's Proposal
• Make the utmost effort to obtain optimal value for company assets
• Act in the best interests of company creditors

Insolvency Administrator Qualifications

The Insolvency Administrator is expected to possess some or all of the following qualifications:

• A thorough knowledge of UK insolvency
• Equally thorough knowledge of the vagaries of the Insolvency Act of 1986
• A Certificate of Proficiency in Insolvency (CIP)
• Previous experience working as an Insolvency Administrator
• The ability to handle stressful situations and work within deadlines
• Excellent written and verbal communication skills
• ACCA or ACA certification or equivalent

Insolvency Administrator Recruitment by JMF Associates

The Insolvency Administrator's role is a powerful one. One that must be performed with integrity and dispatch while keeping the best interests of a company's creditors always at the forefront. If you feel you have the qualifications and experience to be an effective Insolvency Administrator, get in touch with the team at JMF Associates by calling 020 8663 6699 or by emailing team@jmfassociates.co.uk.