Insolvency & Restructuring Senior Associate (US$75,000 - 85,000 income tax free)

Do you have corporate insolvency or restructuring experience and are currently situated in the UK, Australia, Ireland, Hong Kong or Singapore?

Are you a chartered accountant (ACA, ACCA, CPA, CA etc) or hold a professional insolvency qualification (i.e. CPI or JIEB)?

Would you like to work in the Cayman Islands and receive an attractive income tax-free salary?

..we want to hear from you!

About the role

Please note that the job location is the Cayman Islands and would be an on-site role on a 1.5-2 year minimum contract. A relocation and work permit package would be provided.

Being one of the largest offshore financial centres in the world, the Cayman Islands provides insolvency & restructuring professionals with the opportunity to work on a range of large and exciting cases providing excellent career progression opportunities, all whilst living on a picturesque island and earning an income tax-free salary.

We are looking for corporate insolvency/restructuring professionals for our clients in the Cayman Islands. The successful applicants will work on a range of cross-border insolvency & restructuring engagements, often interesting complex fraud-based corporate insolvency work. The position provides the ability to gain exposure conducting investigations into misappropriated assets, assisting with the sale of assets, gaining financial services exposure (particularly private equity funds, hedge funds and insurance companies), and managing statutory reporting amongst other tasks. Understanding liquidations in accordance with the applicable rules and regulations, financial statements and reports is key to success in this role, so tends to favour candidates with more core insolvency rather than restructuring experience.

The requirements

• Applicants must be university graduates and be qualified accountants (ACA, ACCA, CA, CPA etc) or hold a professional insolvency qualification (i.e. CPI or JIEB).
• 3 years+ corporate insolvency/restructuring experience (or 12 months of insolvency experience if from an audit background originally) from the UK, Hong Kong, Singapore, Ireland or Australia (or another established common law jurisdiction).

Compensation and benefits

• A competitive remuneration package that is commensurate with qualifications and experience of approximately US$75,000 – 85,000 (income tax-free), relocation package, amongst other benefits.

Why the Cayman Islands?

• The Island is paradise – Cayman\’s Seven Mile Beach with its crystal water and white sand was ranked in Tripadvisor\’s 2020 annual travellers\’ choice awards as the number 6 beach in the World. The Island offers a huge range of activities from visiting the world-famous stingray city, bioluminescence bay, diving, kitesurfing, surfing, deep sea fishing, numerous other water sports, an incredible array of top-quality restaurants and much more.

• A leading financial services centre – Cayman is one of the world’s leading offshore financial centres and attracts best-in-class expertise to provide assurance to financial markets. The Cayman Islands is the leading domicile for investment funds. To put the size of the Cayman Islands\’ market share into context, based on statistics provided by the Division of Investment Management of the US Securities and Exchange Commission, approximately 70% of non-US domiciled funds managed by US-registered investment advisers are domiciled in the Cayman Islands. The Cayman Islands also attracts insurance professionals and retains its position as the second-largest domicile of captive insurance entities in the world.

• Fast-track career progression – Due to the mobile nature of the expat talent pool (where employees may work for a few years on the Island before returning home) means that you may have the opportunity to benefit from fast-track promotion and propel your career to the next level. Gaining experience in one of the world’s leading offshore financial services centres also looks great on your CV for future employment opportunities.

• Community – There is a big expat community in Cayman, particularly in the financial services industry. Each year a large number of accountants relocate to the Cayman Islands often and it’s a fantastic opportunity to socialise and network with accountants from all across the world. BBQs on the beach, boat trips/parties, and sporting events such as beach volleyball and rugby are a normal part of everyday life in Cayman.

• Direct flights – There are direct flights to Miami (1 hour 30 minutes), New York (3 hours and 45 minutes), Cuba (1 hour and 10 minutes), Bahamas (1 hour 35 minutes), London Heathrow (11 hours), Jamaica (1 hour) and more providing opportunities to travel.

• Climate – Being located in the Caribbean, the Cayman Islands benefits from warm temperatures all year round between approximately 25-30 degrees.

• Tax Free – There is no income tax in the Cayman Islands, so you will receive your salary and bonus tax-free.

Confidentiality when applying

We act with absolute confidentiality and we completely understand that your current employer might not be aware that you\’re exploring the job market. When you apply, your application is kept completely confidential from both your current employer and also the hiring company. If we feel you might be a good fit, we\’ll arrange a call with you to chat through the opportunity in more depth. Only after the call will we request permission to share your CV with the hiring company.

Disclaimer: All personal information collected during the application process will be used for recruitment-related purposes only. Only successful candidates will be contacted.