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Insolvency Jobs
View 118 Insolvency job vacancies in locations throughout the UK and Europe. See job descriptions and salary details for job vacancies with leading employers, from large international corporations to small and medium sized local businesses.

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Job description

A company is insolvent when it can no longer meet its financial obligations and pay its creditors on time. Insolvency can be defined as when debts exceed assets and cash flow. A company that is insolvent must take immediate action to ensure that debt obligations can be met - by generating cash through the sale of assets and cutting expenditure, or by renegotiating debt. Insolvency does not necessarily lead to administration, receivership or bankruptcy.

Insolvency Practitioners are qualified accountants who specialise in insolvency. They are called in to assist companies or individuals who are insolvent.

Typical duties include:

  • Comprehensively reviewing clients' financial situations and identifying opportunities to raise cash or cut costs.
  • Arranging meetings with creditors and renegotiating debt repayments.
  • Collecting debts owed to clients.
  • Negotiating on the sales of assets where appropriate and possible.
  • Taking control of client businesses in order to rescue the business as a going concern.
  • Working closely with official receivers and relevant statutory bodies.
  • Winding down or liquidating companies if the company can no longer continue trading.

Qualifications

Insolvency practitioners must be qualified accountants with active membership of a relevant accounting body. Practitioners must also pass the JIEB (Joint Insolvency Examinations Board) exams to obtain a licence to practice.

Salary snapshot

Recent salaries advertised on TopFinancialJobs (December 2009) include:

  • £41-50,000 for a qualified (ACA, studying for the JIEB exams) Insolvency Assistant Manager working for a leading accountancy firm in London.
  • £15-18 per hour for a qualified (ACA, ACCA, JIEB) Insolvency Administrator working on a temporary contract for a small boutique insolvency firm in London.
  • £50-60,000 for a qualified Insolvency Manager working for a specialist insolvency firm in London.
  • £70-80,000 for a qualified (ACA, JIEB) Insolvency Senior Manager working for a world leading firm in London.

Are you an insolvency specialist? Would you like to contribute to our "Day in the Life of..." series? Email us at info@topfinancialjobs.co.uk for more details.

 

118 job vacancies found.
Displaying results 1 to 10.
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Insolvency Manager
Posted: 29 Mar 2017
Contract Type: Permanent
Location: Liverpool
Salary: Competitive
Contract Type: Permanent
Location: Kent
Salary: Competitive
Arrears Claim Handler
Posted: 29 Mar 2017
Contract Type: Permanent
Location: Chester, Cheshire
Salary: Competitive
Insolvency Lawyer - Leeds
Posted: 29 Mar 2017
Contract Type: Permanent
Location: Leeds
Salary: Competitive
Contract Type: Permanent
Location: Rochester, Kent
Salary: Competitive
Contract Type: Permanent
Location: Preston, Lancashire
Salary: Competitive
Contract Type: Permanent
Location: Rochester, Kent
Salary: £20,000 - £25,000 Annual
Contract Type: Permanent
Location: UK
Salary: £23,000 - £25,000 Annual
Insolvency Officer
Posted: 28 Mar 2017
Contract Type: Permanent
Location: London
Salary: Competitive
Senior Insolvency Administrator
Posted: 28 Mar 2017
Contract Type: Permanent
Location: Bristol
Salary: £26,000 - £32,000 Annual
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