Turnaround & Restructuring – Insolvency Vice President
AlixPartners · London
At AlixPartners we solve the most complex and critical challenges by moving quickly from analysis to action when it really matters; creating value that has a lasting impact on companies, their people, and the communities they serve. By understanding, respecting, and honouring the needs of our employees, clients, and communities, AlixPartners actively promotes an inclusive environment. We strongly believe in the value that diversity brings to our experiences and are committed to the perpetual enhancements of initiatives, policies, and practices. We hold ourselves accountable by providing the space for authenticity, growth, and equity for everyone.
AlixPartners has embraced a hybrid work model to provide flexibility and support our employees’ work-life integration. Our hybrid model combines a mix of in-person (at client site or AlixPartners office) and remote working. Travel is part of this position, but the frequency may vary based on client, team, and individual circumstances.
We are in an increasingly busy restructuring market and our Turnaround & Restructuring Services practice has ambitious growth plans. Composed of the most respected financial restructuring professionals in the industry, AlixPartners is widely recognised for its long and successful record in helping its clients resolve urgent situations and implement rapid change.
What you’ll do
This opportunity is within our London-based contingency planning and insolvency team, an integral part of the wider Turnaround and Restructuring Services practice. This team is renowned for its experience in complex projects having been involved in some of the most significant and high profile restructuring advisory and formal insolvency cases in the market.
This role provides an exciting opportunity to join AlixPartners and be involved with a portfolio of insolvency cases - taking responsibility for statutory duties, creditor communications, investigations, employee redundancies, claims and correspondence, case closure and supporting the Treasury team.
Key requisite skills will include an ability to work well as part of a team, a hardworking and diligent approach, self-motivation, high technical insolvency knowledge and risk awareness and good written and communication skills.
Working closely with the wider team, your responsibilities will include:
- Statutory and compliance matters: working across a portfolio of cases from pre-appointment, promoting legal and statutory compliance and efficient progression of the cases to closure.
- Case administration: accurate completion of case checklists and periodic file reviews, case file/system set up and general case record-keeping.
- Creditor reporting: involvement with drafting statutory creditor reports (including SIP16 and Administrators’ Proposals) and statutory notifications including creditor meetings/decisions.
- Stakeholder management: communication with a range of stakeholders, including creditors and employees (i.e. via dedicated mailboxes, creditor portal, email and post).
- Employees: supporting with employee related matters including consultation processes, redundancies and ERA claims submission.
- Distributions to creditors: implementing the claims agreement and distribution processes to all categories of creditors.
- Statutory investigations: contributing to investigations into the affairs of the insolvent company and director conduct, including completion of checklists and online conduct reports, reviewing financial information and transactions, and providing support for any legal action.
- Practice development: Supporting colleagues with strategic initiatives, resource maintenance, training and insolvency related practice development projects.
- Technical knowledge: proactively maintain and update own knowledge and share with others.
- Ad hoc support: support with ad hoc workstreams as required (i.e. trading, residual asset realisations, licenses to occupy etc), including occasional client site visits.
What you’ll need
Successful candidates will be able to demonstrate the following:
- Good experience in a professional services or corporate environment, including at least 3 years* specific experience in insolvency and restructuring.
- A sound understanding of financial accounting principles and good numerical and analytical capabilities.
- Proven technical expertise across the range of UK insolvency processes and a comprehensive knowledge of the UK Insolvency statutory and regulatory framework
- A formal insolvency qualification, such as ICAEW’s Certificate of Insolvency or the IPA’s Certificate of Proficiency in Insolvency, would be beneficial.
- Strong experience in all aspects of IPS is essential (IPS Cloud beneficial), alongside proficiency in Microsoft Word and Excel.
Skills & Competencies
- Strong interpersonal skills, including with proven ability to build and maintain relationships in order to work well with colleagues across the team and wider TRS practice.
- The ability to use your own initiative and develop approaches to complex problems with a ‘can do’ attitude.
- Use of a systematic approach to quickly and logically identify key issues and examining those issues thoroughly and holistically to formulate appropriate solutions.
- Advanced verbal and written communication skills, able to prepare well laid out, easily understood analysis and presentations, with demonstrated experience preparing formal insolvency reports and other deliverables to a high standard and level of accuracy.
- Ability to work both collaboratively and independently, flexibility and adaptability required to work effectively in a fast-paced environment.
- Good time management skills and the ability to prioritise, working to keep to deadlines and managing multiple demands.
- Excellent written and verbal communication skills in English.
- Willingness to work outside of normal business hours, and in particular as unique projects/needs arise.
- Ability to work full time in an office and remote environment; physically able to sit/stand at a computer and work in front of a computer screen for significant portions of the workday
- Must become familiar with, and promote and abide by, our Core Values as defined by the AlixPartners’ Code of Conduct and foster an inclusive environment with people at all levels of an organisation
The firm offers market-leading benefits that provide flexible options to support our employee’s needs including health benefits to help prioritise their physical and emotional well-being, time-off policies to help to recharge and financial/ retirement benefits that offer income protection and support long-term planning.
The benefit type and level differ per location.
AlixPartners is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, colour, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.
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