Senior Insolvency Practitioner

Placements24; Queenstown; On-site; NZD 131,000 - 196,000; Part time

Benefits offered by this job

Competitive contractor fee structure

Operational expense provisions

Professional development opportunities

Administrative and legal support

Job summary

Placements24 is seeking a Senior Insolvency Practitioner for a contractor role in Queenstown, Eastern Cape. You will lead insolvent estate administrations, including liquidations and sequestrations, with responsibility for asset realization and distributions under legal requirements.

The position requires a strong track record and high ethical standards. You will manage creditor meetings, liaise with regulators, and supervise junior staff while driving business development and client relations

Qualifications

• LLB degree or equivalent.
• Admitted as an Attorney or Advocate of the High Court of South Africa.
• Registered Insolvency Practitioner with relevant accreditation.
• Minimum of 7 years post-qualification insolvency experience.
• Proven track record managing diverse insolvency caseloads.
• Solid knowledge of the Insolvency Act and Companies Act.

Responsibilities

• Manage and administer insolvent estates including liquidations and sequestrations.
• Develop and implement business rescue plans where applicable.
• Identify, secure, and realize assets of insolvent estates.
• Conduct creditor meetings and liaise with creditors, stakeholders, and regulatory bodies.
• Investigate affairs and report on potential misconduct.
• Prepare detailed reports, financial statements, and distributions accounts for the Master of the High Court.
• Ensure compliance with the Insolvency Act and Companies Act.
• Manage legal challenges and disputes related to insolvency proceedings.
• Supervise and mentor junior staff within the insolvency team.
• Contribute to business development and client acquisition.

Skills

Insolvency law

Asset valuation

Negotiation

Leadership

Stakeholder management

Team management

Ethical standards

Dispute resolution

Education

LLB or equivalent

Job description

About the Role

Our client, a distinguished firm specializing in corporate recovery and insolvency services, is seeking a highly experienced Senior Insolvency Practitioner to join their dedicated team in Queenstown, Eastern Cape. This critical role involves managing complex insolvency cases, including liquidations, sequestrations, and business rescue proceedings, for individuals and corporate entities. The ideal candidate will possess a deep understanding of insolvency law, a strong track record in distressed asset management, and exceptional stakeholder management skills. You will be responsible for overseeing the administration of insolvent estates, realizing assets, and distributing proceeds in accordance with legal requirements. This is an opportunity to lead challenging assignments and contribute significantly to the firm's reputation for excellence in Queenstown, Eastern Cape. We are looking for a proactive, ethically grounded professional with strong financial acumen and a commitment to achieving optimal outcomes for creditors and stakeholders. The firm offers a professional and supportive environment where expertise is valued and career progression is encouraged.

Key Responsibilities

• Manage and administer insolvent estates (companies and individuals) including liquidations and sequestrations.
• Develop and implement business rescue plans where applicable.
• Identify, secure, and realize assets of insolvent estates efficiently.
• Conduct creditor meetings and liaise with creditors, stakeholders, and regulatory bodies (e.g., Master of the High Court).
• Investigate the affairs of insolvent entities and report on potential misconduct.
• Prepare detailed reports, financial statements, and distributions accounts for the Master of the High Court.
• Ensure compliance with the Insolvency Act and Companies Act.
• Manage legal challenges and disputes related to insolvency proceedings.
• Supervise and mentor junior staff within the insolvency team.
• Contribute to business development efforts and client acquisition.

Requirements

• A Bachelor of Laws (LLB) degree or equivalent.
• Admitted as an Attorney or Advocate of the High Court of South Africa.
• Must be a registered Insolvency Practitioner with relevant accreditation.
• Minimum of 7 years' post-qualification experience specifically in insolvency law and practice.
• Proven track record in managing a diverse portfolio of insolvency cases.
• In-depth knowledge of the Insolvency Act, Companies Act, and Business Rescue provisions.
• Strong financial and analytical skills, with experience in asset valuation and realization.
• Excellent negotiation, communication, and dispute resolution abilities.
• Demonstrated leadership and team management skills.
• High ethical standards and integrity.
• Ability to work under pressure and manage demanding workloads.

Benefits

• This contractor position offers a highly competitive fee structure, reflecting the senior nature of the role.
• The engagement includes provisions for operational expenses and potential for long-term project involvement.
• The firm provides a professional support structure, including administrative and legal assistance.
• Opportunities for professional development are available through specialized training and industry events.
• The firm fosters a collegial and results-oriented work environment.
• This role is ideal for an experienced professional seeking challenging engagements and the opportunity to leverage their expertise in a dynamic field.
• The location in Queenstown, Eastern Cape offers a stable regional focus for significant insolvency work.