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- Posted 16 November 2021
- Salary£25000 - £30000.00 per annum + Flexible, study support +
- LocationSouthampton
- Job type Full-time
- DisciplineInsolvency & Restructuring
- ReferenceBBBH252770_1637054722
Consultant
Restructuring & Insolvency Administrator
Ambition are currently working with a Top 50 accountancy practice that are looking for a Turnaround, Restructuring & Insolvency Administrator for their Southampton office.
A career in Turnaround, Restructuring, and Insolvency will provide a great deal of variety. You will have exposure to many different industries, sizes of business and entrepreneurs. You will benefit from a close working relationship with senior members of the team providing you with high quality on the job training. Job satisfaction will come being part of a successful team and from knowing that you have made a difference to the outcome for many different stakeholders including; directors, shareholders, employees, creditors etc.
The Role:
For turnaround assignments assisting partners, directors and managers with:
Reviewing and analysing financial performance of entities
Preparing integrated cash flow, profit and loss and balance sheet forecasts
Advising on options available for improvements in performance / turnaround
Preparing formal and informal turnaround plans
Considering funding requirements for the purpose of obtaining funding
Ongoing reviews of implemented turnaround strategies
For formal insolvency appointments assisting partners, directors and managers with;
Attending initial meetings with directors,
Conducting a solvency review,
Preparing letters of advice,
Preparing documents of appointment
Preparing proposals, progress reports, and final reports
Investigating the conduct of directors
Assisting employees making claims for arrears of wages, redundancy pay etc
Realising assets
Dealing with creditor queries, then agreeing and paying claims
Ensuring that key targets are met as per the cases' diaries
Involvement in business development and marketing activities
Over time we would expect the administrator to take on their own small portfolio of clients and be responsible the management of those cases
The Person will:
Be able to prepare written reports to a high standard, providing the reader with a narrative explanation/ interpretation of financial results
Ideally have been in an accountancy / bookkeeping role as you will be expected to interpret financial statements, review and prepare and forecasts and various financial documents
Have advanced and comprehensive spreadsheet skills with strong numerical ability
A good communicator who is confident, enquiring and happy to challenge when appropriate
Have the ability to stand back and look at the bigger picture as well as having a keen eye for detail
Work at pace with a good deal of energy and enthusiasm and be comfortable with a dynamic and changing environment
Be able to quickly assimilate information from a number of sources
Be comfortable in delivering high standard work to tight deadlines
Be resilient in difficult situations e.g. you may be tasked with undertaking redundancy consultations
Able to work effectively as part of a team
Have strong IT skills, including Word and Excel, and the ability to adapt to unfamiliar packages;
Have a flexible and proactive approach
The firm does not expect you to have turnaround or insolvency as detailed training & support will be provided. Whilst an AAT, CPI or ACCA/ACA is desirable, it is not essential and they can cover clawback costs and provide further study support.
Interest in this role is expected to be high so if you're interested then click apply now and one of the team will be in touch to discuss.
Referral Scheme:
If this job isn’t quite right for you, but you know someone who would be great at this role, why not take advantage of our referral scheme? We offer £200 in shopping vouchers for every referred candidate who we place in a role.
Simply email info@ambition.co.uk with your referral’s details or visit https://www.ambition.co.uk/refer-a-friend