What is contentious insolvency?
Contentious insolvency is the investigation into the financial affairs of an insolvent company or individual, usually in circumstances involving alleged financial wrongdoing, to identify potential assets or causes of action and to take remedial action to recover funds for the benefit of creditors. Regularly, this involves dealing with culpable companies and individuals. As part of our team, you'll play a crucial role in progressing complex investigations and asset tracing work in formal insolvency appointments.
As a Trainee Insolvency Administrator in the Contentious Insolvency Team, you'll:
- Undertake pre-appointment checks and initial investigation/ background work, and set up of insolvency cases post-appointment.
- Deal with initial statutory notices and enquiry letters following the checklists and case diary (IPS), with the guidance of experienced managers and insolvency practitioners.
- Provide support to ensure statutory deadlines are met; complete case reviews; draft reports, letters and emails; compliance with insolvency legislation and company procedures.
- Assist in managing and organising incoming emails and phone calls ensuring timely and professional responses.
- Maintain client and creditor files and handle routine communication with creditors, directors, bankrupts, professional advisers, banking institutions, insurance companies, the officeholders’ solicitors and other stakeholders.
- Support asset realisations and investigations into the financial affairs of the insolvent estate including collating records and information from third parties.
- Actively monitor, diarise and follow up outstanding responses from all relevant parties to ensure the receipt of information being sought.
- Assist in reviewing bank statements, financial statements, accounting records, books and records of the company or individual and identifying relevant matters and transactions or further lines of enquiry.
- Support experienced colleagues in managing insolvency cases such as liquidations, and bankruptcies and assist with the preparation of documentation in relation to the issuing of asset recovery-based claims.
- Assist with the monitoring of relevant open source data channels for relevant information.
- Develop an understanding of insolvency law and processes through hands-on training and formal qualifications.
What we're looking for:
We don’t expect you to have experience in insolvency – we’ll teach you everything you need to know!
- Have a desire to work in a professional services environment.
- Are curious, eager to learn, with a real drive for solving problems.
- Have effective communication and customer service skills.
- Proactive and open to taking on new challenges.
- Have excellent attention to detail and a knack for organising tasks.
- Communicate clearly and confidently, both in writing and face-to-face.
- Comfortable to work both independently and as part of a team.
- Confident with IT.
- Are resilient and able to stay calm under pressure.
- Have a 9 to 5 in Maths and English at GCSE or equivalent.
Why join us?
As a broader PLC group, we’ve doubled in size since 2019 and we have ambitions to maintain that growth profile moving forward, so we’re looking for people who want to help us shape our future. We value applied intellect, curiosity and an entrepreneurial spirit and we’re committed to creating an inclusive environment where everyone can thrive.
- Company pension
- Cycle to work scheme
- 23 days’ holiday (plus bank holidays)
- Flexibility to buy and roll over holidays
- 24/7 Access to virtual GP + mental health support
- Internal and external professional qualifications support
- Enhanced maternity and paternity leave
- Employee discount scheme (Gym, Retailers etc)
- Social events throughout the year
- Electric car salary sacrifice
- Free mortgage advice
- Health and Wellbeing programme
- Paid volunteer time
Plus more
