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Insolvency Administrator

PeopleFind Inc

This is a Contract position in Toronto, ON posted May 10, 2018.

Job Description

Compensation: mid to high forties commensurate with experience.

North Toronto (north of 401). PeopleFind Inc is searching for an Insolvency Administrator or Consumer Proposal Administrator for one of our clients in the insolvency business. This position is suitable for someone with several years of direct insolvency / consumer proposal experience and interested in personal development in this field.

You will have worked with “consumer proposals” in an insolvency trustee firm or worked with credit specialists dealing with consumer proposals in a major bank or lending institution.

For the purpose of clarification, a “consumer proposal” is a formal agreement between an individual

– the debtor – and his/her creditors. It includes an offer to the creditors to settle the outstanding debt for an amount that is less than the total amount owing. The “consumer proposal” is a legally binding agreement – prepared within the guidelines of the Bankruptcy and Insolvency Act, where the debtor agrees to pay a portion of the total amount owing, and the creditors agree to forgive the balance.

Consumer Proposals are prepared by Licensed Insolvency Trustees (individuals) and Licensed Insolvency Trustee Firms. Generally this includes firms specialized in this field and as well as public accounting firms licensed to execute this type of work. Some of the terms used in the industry include debt consolidation, debt management, wage garnishment, and credit counseling and an entry level position which may pay in the mid thirties can develop into a career focused on interesting work and excellent income.

RESPONSIBILITIES:

Reviewing sign-up documents for accuracy and policy compliances.

Filing documents with Official Receiver (OR).

Inputting files in Ascend.

Monitoring proof of claims for negative positive votes.

Communicating with OR’s office.

Preparing mailings to creditors.

Monitoring file status and scheduling meeting of creditors as required.

Issue stays of proceedings notices.

Prepare mailings to creditors.

Preparation of documents for meetings of creditors.

Realization of assets as required.

Day to day contact and issue resolution with debtors and creditors.

Monitoring estates for deemed annulments.

Preparation of annulment notices.

Preparation of Interim Dividends.

Preparation of Certificate of Full Performance.

Communication with OR’s office for issue resolution.

Preparation of statement of receipts and disbursements.

Complete other duties assigned by Trustee or Senior Administrator.

REQUIREMENTS:

University Degree or College Diploma.

Insolvency Administrator Certificate would be an asset

Insolvency administration experience would be considered an asset.

Alternatively, experience working with “consumer proposals” in the major banks or lending institutions.

TO APPLY:

Please submit your resume via email to cgrossne@aol.com

Inquiries can be directed to Charles Grossner, President, PeopleFind Inc at: 1-866-477-0855 ext 21.

CONFIDENTIALITY:

We appreciate all expressions of interest, however, as a practical matter, only select candidates whose backgrounds best match our client’s requirements will be contacted. All resumes are retained and treated confidentially for consideration against future opportunities. Your resume is held in confidence and will not be sent to any employer without your prior permission.

NOTE ON PEOPLEFIND INC:

PeopleFind Inc. is an Executive Search and Outplacement firm committed to the delivery of outstanding results. We encourage job seekers to visit our website and take advantage of the many free resources available to you. Visit www.peoplefindinc.com for more information.

Company DescriptionExcellent opportunity to join a firm in the insolvency business and learn from the experts.