Insolvency Practitioner

Placements24; Rustenburg; Hybrid; ZAR 900,000 - 1,300,000; Full time

Job summary

Placements24 invites applications for an experienced Insolvency Practitioner to join its Rustenburg team. You will manage corporate and personal insolvency cases, including liquidations, sequestrations, and business rescue proceedings, ensuring compliance and timely reporting.

Key responsibilities include asset realization, creditor distributions, and liaising with the Master of the High Court. The ideal candidate holds relevant legal or accounting qualifications and has a proven track record in

Qualifications

• Qualified Insolvency Practitioner with relevant legal or accounting qualifications.
• Proven experience in insolvency and business rescue cases.
• Strong knowledge of SA insolvency law and corporate law.
• Excellent report-writing and communication abilities.
• Ability to work independently and manage cases in Rustenburg.

Responsibilities

• Investigate financial affairs of insolvent individuals and companies.
• Manage insolvent estates, assets realization and distribution to creditors.
• Conduct creditor meetings and provide reports to Master of the High Court and creditors.
• Formulate business rescue plans where appropriate.
• Ensure compliance with Insolvency Act and Companies Act.

Skills

Insolvency expertise

Analytical thinking

Report writing

Education

LLB

CA(SA)

CPA

Job description

About the Role

Our client is seeking a qualified and experienced Insolvency Practitioner to join their dedicated team in Rustenburg . This critical role involves managing corporate and personal insolvency cases, including liquidations, sequestrations, and business rescue proceedings. You will be responsible for investigating financial affairs, realizing assets, and distributing proceeds to creditors in compliance with relevant legislation. This is an exceptional opportunity for a professional seeking to make a substantial impact in a challenging yet rewarding field within the North West province, working with a firm that is committed to ethical conduct and delivering efficient solutions.

Key Responsibilities

• Investigate the financial affairs of insolvent individuals and companies.
• Manage and administer insolvent estates, including the identification, securing, and realization of assets.
• Conduct creditor meetings and provide regular reports to the Master of the High Court and creditors.
• Formulate and implement viable business rescue plans where appropriate.
• Ensure strict compliance with the Insolvency Act and Companies Act.
• Liaise with legal professionals, financial institutions, and other stakeholders involved in insolvency proceedings.

Requirements

• Qualified Insolvency Practitioner, with relevant legal or accounting qualifications (e.g., LLB, CA(SA), CPA).
• Proven experience in managing diverse insolvency and business rescue cases.
• Comprehensive understanding of insolvency law, corporate law, and related regulations in South Africa .
• Strong financial acumen and analytical skills for assessing complex financial situations.
• Excellent report-writing and communication abilities.
• Must be able to work independently and manage a caseload effectively in Rustenburg .

Benefits

• Attractive salary package reflecting the expertise required for the role.
• Professional development opportunities and support for maintaining qualifications.
• A dynamic and challenging work environment with significant responsibility.
• Opportunity to work on complex and high-profile insolvency cases.
• Contribution to a reputable firm known for its integrity and expertise.