Job Description & How to Apply Below
Company Information
One of Canada’s oldest and most respected debt solution providers. We help people get out of debt and start rebuilding their lives again. Established in 1979, Farber has over 350 employees working across Canada and has helped over 200,000+ Canadians get out of debt.
And now, we’re embarking on our next stage of innovation & significant growth. To do that, we hire experienced, enthusiastic, motivated, innovative, and customer-centric team members to play critical roles in helping us reach our ambitious goals.
Join us in better serving the growing number of Canadians who are in need of help.
Position Summary
We are currently seeking a Full-time Insolvency Administrator (internally known as Division 1 and Ordinary Proposals Administrator) to join our Sheppard office. The individual in this role will administer Division 1 proposal and Ordinary bankruptcy files.
Responsibilities
Preliminary File Review / Proofs of Claim / Meeting of Creditors:
Input file information into Ascend (industry specific software) and CRM databases
Prepare necessary documents such as proposal/NOI, cash flow, Bankruptcy notice etc. using Word and Excel
E-file new files and all statutory reports, notices, and minutes
Draft Report to Creditors and Notice to Creditors for proposal and Trustee’s Preliminary report to creditors for bankruptcy
Input Proof of Claims into Ascend and follow up with creditors if claims are deficient of the required information.
Deal with all matters related to proof of claim, including, preparation of the notice of disallowance
Schedule all meeting of creditors for both proposal and bankruptcy estates
Negotiate with creditors for acceptance of proposals
Prepare and send out Notice of Stay if applicable
Email or Mail notices to all creditors
Attend to creditors’ and debtors’ enquiries—bring complex enquires to the trustee’s attention
Court
Activities:
Prepare Report to Court, court application package, and schedule court hearings if needed
Monitor payments and other proposal terms where applicable
Send out default notice if needed
Attend to interim dividends
Upon completion of all terms of the proposal, prepare the Certificate of Full Performance for trustee’s execution
Review assets file folder in the ordinary bankruptcy and make sure all assets have been disposed properly
Assist in various close-out matters;
Trustee’s discharge and taxation
Coordinate all court hearings among Trustees and lawyers within different jurisdictions
Deal with various inquires from the debtors and creditors
Deal with various estate banking requests
Assist in various close-out matters when needed
Other duties as may be required
File Close Out
Activities:
Review tax filings, creditor claims (including disallowances), and bankruptcy assets to ensure compliance and proper administration
Prepare key financial and closing documents, including Trustee’s Final Statement of Receipts & Disbursements, billings, and supporting dockets
Coordinate final meetings, filings, and submissions to the Official Receiver, OSB, and Court (including affidavits and reports)
Manage court-related processes such as taxation, discharge applications, and responses to regulatory or court inquiries
Other duties incidental to the file administration
Additional Tasks:
Support additional administrative duties such as preparation of interim distributions, trustee discharges, late payment follow-up and other activities as required
Qualifications
Previous insolvency experience, particularly in dealing with Division 1 proposals and Ordinary bankruptcy administration is an asset
A background in accounting, Paralegal, law clerk, business commerce, or a related field will be advantageous.
Proven background dealing with attention to detail and multi-tasking
Organizational skills to organize workload
Good oral and written communication skills to communicate effectively with staff, inspectors, creditors and OSB
Analytical skills to analyse account activities
Interpersonal skills to deal with team members and staff
Excellent computer skills and proficient with Microsoft Office (Outlook, Excel, Word)
Familiar with insolvency software…
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