Senior Insolvency Practitioner

Placements24; Randburg; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Base salary + bonuses

Medical aid

Retirement fund benefits

Hybrid work model

Professional development opportunities

Job summary

Placements24 is seeking a Senior Insolvency Practitioner to join our Randburg, Gauteng team. You will manage sequestrations and liquidations, oversee asset sales, and provide strategic insolvency guidance to creditors and debtors.

Hybrid work combines in-office collaboration with remote flexibility. The ideal candidate has 8+ years post-admission insolvency experience, with strong analytical and negotiation skills, and a track record in complex estates and litigation.

Qualifications

• Bachelor of Laws (LLB) or equivalent.
• Admitted as an Attorney or Advocate of the High Court of South Africa.
• 8+ years post-admission insolvency experience.
• Experience managing sequestrations and liquidations.
• CIRP or similar designation would be advantageous.

Responsibilities

• Manage sequestrated estates and insolvent companies in line with the Insolvency Act and the Companies Act.
• Investigate the affairs of insolvent entities and directors' conduct.
• Prepare detailed reports for creditors' meetings and the Master of the High Court.
• Oversee the sale of assets of insolvent estates.
• Represent insolvency practitioners in court proceedings.
• Develop and implement business rescue plans where applicable.
• Identify and pursue claims against directors or third parties for misconduct.
• Manage all financial aspects of insolvency estates, including distribution accounts.

Skills

Analytical skills

Investigative skills

Communication skills

Negotiation skills

Education

LLB or equivalent

Job description

About the Role

Our client, a highly respected firm specializing in insolvency and business rescue, is seeking an experienced Senior Insolvency Practitioner to join their team in Randburg, Gauteng. This role involves managing distressed businesses and complex insolvency estates, providing strategic advice to creditors, debtors, and insolvency practitioners. You will be responsible for overseeing the administration of sequestrations and liquidations, conducting investigations into potential fraudulent activities, and formulating viable business rescue plans. The position requires a deep understanding of insolvency law and commercial practice. This role operates on a hybrid model, blending essential in-office collaboration and client interaction in Randburg with remote work flexibility. This is a fantastic opportunity to make a significant impact in the field of insolvency law within Gauteng's commercial sector.

Key Responsibilities

• Manage sequestrated estates and insolvent companies, ensuring compliance with the Insolvency Act and the Companies Act.
• Conduct thorough investigations into the affairs of insolvent entities and directors' conduct.
• Prepare detailed reports for creditors' meetings and the Master of the High Court.
• Oversee the sale of assets of insolvent estates.
• Represent insolvency practitioners in court proceedings.
• Advise creditors and debtors on their rights and obligations in insolvency matters.
• Develop and implement business rescue plans where applicable.
• Identify and pursue claims against directors or third parties for potential misconduct.
• Manage all financial aspects of insolvency estates, including distribution accounts.

Requirements

• A Bachelor of Laws (LLB) degree or equivalent qualification.
• Admission as an Attorney or Advocate of the High Court of South Africa.
• A minimum of 8 years of post-admission experience, with a substantial focus on insolvency law, business rescue, and related litigation.
• Proven experience managing sequestrations and liquidations.
• In-depth knowledge of the Insolvency Act, Companies Act, and related legislation.
• Strong analytical, investigative, and problem-solving skills.
• Excellent negotiation and communication abilities.
• Demonstrated ability to manage complex legal and financial matters.
• Experience in drafting court applications and legal opinions related to insolvency.
• Professional designation such as CIRP or similar would be highly advantageous.

Benefits

• Our client offers a competitive remuneration package, including a base salary and performance-based bonuses.
• Comprehensive medical aid and retirement fund benefits are provided.
• This hybrid role allows for a flexible work arrangement, based out of our Randburg offices, promoting a healthy work-life balance.
• Professional development opportunities, including advanced training and conference attendance, are available.

Join a leading firm in Gauteng and play a key role in navigating complex financial and legal challenges.