Insolvency Practitioner
Insolvency Practitioner

Insolvency Practitioner

Sunderland Full-Time 36000 - 60000 Β£ / year (est.) No home office possible
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HMRC

At a Glance

  • Tasks: Join a team of insolvency experts, tackling complex financial challenges daily.
  • Company: HMRCL is a leading organisation in financial recovery and support.
  • Benefits: Enjoy flexible working options and a supportive team environment.
  • Why this job: Make a real impact by helping individuals and businesses navigate financial difficulties.
  • Qualifications: No specific qualifications required; just a passion for problem-solving and teamwork.
  • Other info: Opportunities available across multiple UK locations.

The predicted salary is between 36000 - 60000 Β£ per year.

Senior Insolvency ConsultantHMRCLocations:Belfast, Birmingham, Bristol, Cardiff, Croydon, Edinburgh, Glasgow, Leeds, Manchester, Newcastle-upon-Tyne, Nottingham, Portsmouth, Stratford
Job description

You will join a team of 15 insolvency experts, based in one of our key regional centres. Possibly non-co-located with IGP colleagues or your manager, you will be part of a small team, working within a larger directorate, at the heart of a growing HMRC insolvency professional community.
This is a functional leadership role, in a governance, policy & professionalism position. You will be one of three technical leads and play a substantial leadership role across HMRCs insolvency profession.
You will ensure the team delivers its ambitious objectives leading a culture of innovation, customer service and professionalism.

Key Responsibilities

Provide support to the IGP team on technical advice and leading on the teams most challenging technical issues.
Support operational teams on high profile insolvency work such as provisional liquidations and Part 26A restructuring plans.
Quality assure technical insolvency advice provided by junior team members.

Support the Head of Profession in cross-government engagement, particularly with Insolvency Service and Companies House, on joint initiatives to tackle contrived insolvency and abusive \’phoenixism\’ risks.
Manage relations and service provision with insolvency leads in specific HMRC directorates.
Work with specific HMRC directorates: –
o to develop and maintain HMRC guidance for the external insolvency profession.
o to ensure insolvency is considered in both developing new tax and insolvency policy areas.
o to modernise and reform internal processes for both internal and external insolvency professionals.
You will also contribute to other areas of IGPs work, building the teams capability to enable them to deliver the teams commitments.
Developing, quality assuring and delivering internal learning, including the quality assuring of learning material of the Insolvency Profession Exam Programme (IPEP).
Drafting and quality assuring, guidance, and technical material for internal publication.
Supporting internal insolvency policy reviews.
This post offers a unique opportunity to use your experience and skills to make your mark in a critically important function for HMRC, and the UK, working with a motivated team of insolvency experts. You will influence the direction and capability of the UKs most significant creditor in insolvency proceedings, ranging widely across HMRC and other stakeholders to reduce billions of pounds in tax debt write offs, tackle those who misuse company structures to evade tax, and improve the customer journey for insolvency practitioners.

Person specification

Ideally, you will be resourceful and self-motivated, have good people skills, and be resilient and flexible. Developing others and supporting them to succeed will motivate you.
You will thrive on supporting a small team in delivering its wide range of challenging objectives, driving up quality and ensuring that HMRCs insolvency professionals have access to the best advice and support.

Essential Criteria:

Relevant insolvency professional training ismandatory- this means youmustalready hold one of the Qualifications below.

– IPA Certificate of Proficiency in Insolvency,
– IPA Certificate of Proficiency in Personal Insolvency and Certificate of Proficiency in Corporate Insolvency
– ICAEW certificate in Insolvency
– Joint Insolvency Exam
– An Insolvency Service equivalent qualification or HMRC Insolvency Profession Exam Programme (IPEP) passes will be acceptable.

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Insolvency Practitioner employer: HMRC

As a Senior Insolvency Consultant at HMRCL, you will be part of a dynamic team of insolvency experts dedicated to providing exceptional service in a supportive and collaborative work environment. With opportunities for professional development and growth, our regional centres across the UK foster a culture of inclusivity and innovation, making HMRCL an excellent employer for those seeking meaningful and rewarding careers in insolvency.
HMRC

Contact Detail:

HMRC Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Insolvency Practitioner

✨Tip Number 1

Network with professionals in the insolvency field. Attend industry events, webinars, or local meetups to connect with current practitioners and learn about their experiences. This can provide valuable insights and potentially lead to referrals.

✨Tip Number 2

Stay updated on the latest trends and regulations in insolvency. Follow relevant news sources, join professional associations, and participate in online forums. Demonstrating your knowledge during interviews can set you apart from other candidates.

✨Tip Number 3

Consider reaching out to current employees at StudySmarter through LinkedIn. Ask them about their experiences and any tips they might have for applying. This can give you insider information that could be beneficial during the interview process.

✨Tip Number 4

Prepare for potential case studies or practical assessments that may be part of the interview process. Brush up on your analytical skills and be ready to discuss real-life scenarios related to insolvency. This will show your problem-solving abilities and readiness for the role.

We think you need these skills to ace Insolvency Practitioner

Insolvency Law Knowledge
Financial Analysis
Risk Assessment
Negotiation Skills
Client Management
Report Writing
Attention to Detail
Problem-Solving Skills
Communication Skills
Team Collaboration
Regulatory Compliance
Time Management
Analytical Thinking
Adaptability

Some tips for your application 🫑

Understand the Role: Familiarise yourself with the responsibilities of a Senior Insolvency Consultant. Highlight your relevant experience and skills that align with the job description, particularly in insolvency practices.

Tailor Your CV: Customise your CV to reflect your expertise in insolvency. Include specific examples of past work, achievements, and any qualifications that demonstrate your capability as an Insolvency Practitioner.

Craft a Compelling Cover Letter: Write a cover letter that not only introduces yourself but also explains why you are passionate about insolvency and how your background makes you a perfect fit for the team. Be sure to mention the locations you are interested in.

Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.

How to prepare for a job interview at HMRC

✨Know Your Insolvency Basics

Make sure you brush up on the fundamentals of insolvency law and practice. Being able to discuss key concepts confidently will show your expertise and understanding of the field.

✨Demonstrate Team Collaboration

Since you'll be working in a small team, be prepared to discuss your experience in collaborative environments. Share examples of how you've successfully worked with others to achieve common goals.

✨Prepare for Scenario Questions

Expect to face scenario-based questions that assess your problem-solving skills. Think about past experiences where you had to navigate complex insolvency cases and be ready to explain your thought process.

✨Research the Company Culture

Understanding the company's values and culture is crucial. Familiarise yourself with their approach to insolvency and any recent news or developments related to their work, as this will help you align your answers with their expectations.

Insolvency Practitioner
HMRC
Location: Sunderland
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