For our clients Hinksford is one of the UK’s leading recruiters of Business Recovery Accountants, Insolvency Practitioners and Administrators. In keeping with the niche nature of the Insolvency community, Hinksford sometimes recruits for Insolvency jobs and IP positions which are not broadly advertised.
Below are some general pointers on the competencies and experience that our clients expect to see from an insolvency candidate. If you would like further details of current opportunities, please contact your specialist Hinksford consultant, or email: firstname.lastname@example.org. All contact is treated in the strictest confidence.
All candidates are required to have an understanding of the following that is at least in line with their experience:
Qualifications and Competencies:
Generally Insolvency practices require the following:
Entry Level Candidates: possess the baseline profile of skills and competences. They tend to be graduates with strong verbal, numerical and analytical skills. They should be technically proficient but also approachable, emotionally robust and commercially savvy. To achieve successful career progression they should have the aptitude and ambition to take on training and examinations for professional qualifications; and be organised enough to undertake this in addition to their on-the-job learning and daily caseload.
Senior Administrator/Assistant Managers are either in the midst of their training for ACA, ACCA or CPI or are newly qualified. The more qualified and experienced AMs are given the opportunity to take on more managerial responsibility. In mid tier and small firms they will also run smaller casework and report direct to the Partner. From a resourcing perspective, problems arise when their periods of study leave clash with a spike in workload, such as a sudden administration assignment.
Managers will mainly be qualified accountants (Chartered or ACCA), and ideally JIEB (IPAA) qualified or planning to sit the JIEB examinations. They should have experience of leading cases, running sizeable caseloads and managing teams ranging usually from 3 to 25 staff. Managers also play a large role in facilitating hands-on staff training, development and informally tend to look out for the welfare of the junior team members.
Senior Managers & Directors should be looking outwards to their market. They need to be confident and outgoing networkers; forging relationships with potential appointers or introducers including law firms, banks, accountancy firms, factoring businesses etc. If they are not innately extrovert then they will likely have achieved their position through being technically specialist, perhaps in terms of insolvency risk or compliance. They will be increasingly privy to partners’ promotion and practice strategy discussions.
To round this off, Partners are mostly licensed Insolvency Practitioners who have completed the linear career path of incremental progression through the ranks. They must have networked successfully within the firm, externally have their own well established book of client and industry contacts; they are ultimately responsible for winning new work, the running of their practice and are also accountable for their and their firm’s risk exposure. Their reward of course is a portion of the fees they have generated in the form of a bonus or drawings. Such remuneration levels can be high, but are the culmination of hard work, of years spent developing their own expertise, cultivating relationships and, lest we forget, employing and training new insolvency talent!
Hinksford is one of the UK’s few specialist Insolvency & Business Recovery recruiters with an international network of clients and candidates. For more information on the latest Insolvency and Business Recovery jobs and partner opportunities please email us at email@example.com.