Associate

Kids for the Future; Toronto; On-site; CAD 55,000 - 75,000; Full time

Job summary

GlassRatner Advisory Canada in Toronto is seeking an Insolvency Administrator to support administration of insolvency proceedings, banking, and general practice operations from our office at 150 York St, Suite 1600.

You will input creditor and debtor details, prepare documents, handle reporting under the Bankruptcy & Insolvency Act, and assist with client communications and file management across engagements.

Responsibilities

• Administration of insolvency proceedings including inputting creditor and debtor details, assets, preparation of documents, filing documents with the Official Receiver, managing deadlines, organizing mailings and newspaper advertisements, preparing affidavits, maintaining insolvency computer-based data
• Answering creditor enquiries and dealing with creditor claims
• Assistance with the preparation of reports to creditors, attendance at meetings of creditors and inspectors (as required), preparation of minutes and general file review to ensure all outstanding matters are dealt with prior to assigning to closeout
• Dealing with other reporting in accordance with the Bankruptcy & Insolvency Act, as well as various other government reporting requirements such as the Wage Earner Protection Program Act
• Other support functions on insolvency engagements such as insurance filings, accounts receivable collection, financial reporting, screening related mail and responding accordingly or seeking instructions from file manager, etc
• Dealing with other professionals involved in the proceedings such as legal counsel, appraisal companies, interested parties, etc
• Managing the firm’s website for dissemination of information and documents on insolvency engagements
• Preparation of billings for professional services rendered and the taxation of accounts by the Court
• Large project organization and processing including liaising with onsite staff or outside professionals
• Managing and tracking section 246 reports required in Receiverships
• Dealing with receipt and distribution of OSB Certificates and Letters of Comment
• Perform PPSA and corporate searches as required
• Managing trust bank accounts, including account openings and closures, processing deposits and payments, and posting journal entry adjustments
• Liaising with financial institutions to resolve account discrepancies and respond to inquiries
• Preparing and filing HST returns for estates
• Preparing supporting documentation for HST audits and Payroll Trust examinations
• Communicating with the Canada Revenue Agency (CRA) regarding various business account matters
• Preparing T2 Short Corporate Income Tax Returns
• Assisting trustees with the review of general ledgers, Reports of Receipts and Disbursements, and special assignments
• Performing additional duties and special projects as assigned
• Managing the Restructuring Practice Engagements Schedule
• Scheduling and organizing appointments, travel plans, meetings and lunches for professional staff
• Preparation of various correspondence, reports and presentations and assisting professional staff with weekly time entry if requested
• Dictation typing
• Managing the monthly Restructuring meeting including preparing Agenda and Minutes
• Records and File Management including managing contract with provider
• Managing Data Site contract with provider and creating and updating Data Rooms as required
• Assisting all practice areas with any administrative tasks required (i.e. invoices, engagement letters, presentations, etc.)
• Registering staff for various educational conferences and marketing events and tracking of same for reporting purposes
• Sharing responsibilities in some event planning and other general marketing related activities
• Providing back up and temporary relief of reception duties including lunch breaks, couriers, greeting guests, processing and distributing daily mail, cleaning up kitchen and meeting rooms, etc
• Other tasks assigned as required

Job description

• Location 150 York St,Suite 1600,Toronto, ON, M5H 3S5,Canada

GlassRatner has successfully partnered and worked with the leadership of primarily mid-market Canadian companies, their advisors, lenders, and other professionals. With our reach across the country and working with a highly collaborative approach, our diverse team of business-savvy professionals operate seamlessly to provide services ranging across the areas of restructuring, financial, human capital, and consulting.

GlassRatner is a business advisory firm that offers practical solutions to complex financial and operating problems. We have a reputation for responsiveness and a track record of supporting our clients to achieve their growth objectives or overcome their challenges; whether a company is growing, stagnating, declining, or has suffered a setback.

GlassRatner’s strong and unique corporate culture has played an important role in the success of the firm. Our culture is supported by the following core values: There is always a solution; Trust is our currency; Doing the right thing is always right; No one has all the answers; What is right, is more important than who is right; There is no they, we are they; Clients’ success is the primary metric; Integrity and wealth creation are not mutually exclusive.

Insolvency Administration Duties

• Administration of insolvency proceedings including inputting creditor and debtor details, assets, preparation of documents, filing documents with the Official Receiver, managing deadlines, organizing mailings and newspaper advertisements, preparing affidavits, maintaining insolvency computer-based data
• Answering creditor enquiries and dealing with creditor claims
• Assistance with the preparation of reports to creditors, attendance at meetings of creditors and inspectors (as required), preparation of minutes and general file review to ensure all outstanding matters are dealt with prior to assigning to closeout
• Dealing with other reporting in accordance with the Bankruptcy & Insolvency Act, as well as various other government reporting requirements such as the Wage Earner Protection Program Act
• Other support functions on insolvency engagements such as insurance filings, accounts receivable collection, financial reporting, screening related mail and responding accordingly or seeking instructions from file manager, etc
• Dealing with other professionals involved in the proceedings such as legal counsel, appraisal companies, interested parties, etc
• Managing the firm’s website for dissemination of information and documents on insolvency engagements
• Preparation of billings for professional services rendered and the taxation of accounts by the Court
• Large project organization and processing including liaising with onsite staff or outside professionals
• Managing and tracking section 246 reports required in Receiverships
• Dealing with receipt and distribution of OSB Certificates and Letters of Comment
• Perform PPSA and corporate searches as required

Banking Administration Duties

• Managing trust bank accounts, including account openings and closures, processing deposits and payments, and posting journal entry adjustments
• Liaising with financial institutions to resolve account discrepancies and respond to inquiries
• Preparing and filing HST returns for estates
• Preparing supporting documentation for HST audits and Payroll Trust examinations
• Communicating with the Canada Revenue Agency (CRA) regarding various business account matters
• Preparing T2 Short Corporate Income Tax Returns
• Assisting trustees with the review of general ledgers, Reports of Receipts and Disbursements, and special assignments
• Performing additional duties and special projects as assigned

General Administration Duties

• Managing the Restructuring Practice Engagements Schedule
• Scheduling and organizing appointments, travel plans, meetings and lunches for professional staff
• Preparation of various correspondence, reports and presentations and assisting professional staff with weekly time entry if requested
• Dictation typing
• Managing the monthly Restructuring meeting including preparing Agenda and Minutes
• Records and File Management including managing contract with provider
• Managing Data Site contract with provider and creating and updating Data Rooms as required
• Assisting all practice areas with any administrative tasks required (i.e. invoices, engagement letters, presentations, etc.)
• Registering staff for various educational conferences and marketing events and tracking of same for reporting purposes
• Sharing responsibilities in some event planning and other general marketing related activities
• Providing back up and temporary relief of reception duties including lunch breaks, couriers, greeting guests, processing and distributing daily mail, cleaning up kitchen and meeting rooms, etc
• Other tasks assigned as required

Your duties may be expanded depending on your workload and this will be reviewed with you on a periodic basis.

Employees at GlassRatner Advisory Canada receive competitive compensation and a comprehensive benefits package. This package includes participation in applicable retirement savings programs, paid vacation, statutory holidays, personal and sick leave in accordance with company policies and provincial employment standards, as well as optional medical and dental benefits. The firm also provides company-paid life insurance and disability coverage.

We are proud to be an equal opportunity employer and are committed to fostering an inclusive and accessible workplace. Employment decisions are made without regard to race, ancestry, place of origin, colour, ethnic origin, citizenship, creed (religion), sex, sexual orientation, gender identity, gender expression, age, marital status, family status, disability, record of offences, or any other characteristic protected under applicable Ontario and Canadian human rights legislation. Accommodations are available upon request throughout the recruitment and employment lifecycle.