Analyst
Position purpose
**Position **As a Supervisor you are responsible for overseeing and delivering a broad range of
**purpose **insolvency tasks to a high standard, in line with Worrells protocols and values. This role
works closely with File Accountants to organise and manage completion of insolvency
engagements while delivering quality service to all stakeholders.
A Supervisor is also responsible for coaching, mentoring and directing team members to
ensure development of staff under your supervision
Duties
File Management Set up/oversee the setup of new files
Review incoming correspondence and provide specific instructions on
proposed responses or actions required in relation to correspondence
Review and approve draft outgoing correspondence as authorised
Instruct and oversee drafting of first day notifications to various stakeholders
Distribution and management of daily filenote downloads and managing
filenote and general workload of supervised staff
Set deadlines for work to be completed in accordance with firm and statutory
obligations
Oversee maintenance of general ledger, review receipts and payments on
files, approve invoice payments
Monitor all file note tasks being completed
Draft/review reports/advices to creditors (e.g. initial reports, statutory
reports, fee approval advices, secured creditor reports and dividend
declaration advices)
Assess business/assets and provide recommendations/strategies on
sale/disposal of same
Assist with marketing and selling business/assets (monitoring the preparation
of advertisements, information memorandums, confidentiality undertakings,
communicating with interested parties, correspondence with interested
parties, assessing offers, correspondence negotiating / accepting offer,
reviewing sale agreements)
Attend site to inspect/collect/list assets and/or books and records and ensure
compliance with firm and statutory obligations
Assist with trade on activities (e.g. reviewing the setup of trade on accounts,
reviewing budgets, monitoring trading activities, orders, purchases, sales.)
Review and arrange storage of books and records and destruction of books
and records at appropriate time
Review documentation to assess validity of security interests (e.g. review
security documentation)
Assist with FEG (e.g. approving employee entitlement letters, reviewing
calculation of outsta+F18:F19nding employee entitlements, corresponding
with FEG, review FEG questionnaires, FEG Deed of Undertakings, FEG
verification spreadsheets and discrepancy reports)
Review prepared BAS' and monitor receipt of refunds, review payments
Review/conduct income assessments and provide suggestions regarding
income assessments including finalising assessments, collection schedules,
non-compliance
Review solvency investigations (prepare solvency analysis, solvency report)
Review investigations into insolvent trading
Review investigations into voidable transactions (e.g. preferential payments,
uncommercial transactions, unreasonable director-related transactions,
undervalued transactions)
Review summary of potential offences and review offence reports to
regulatory bodies
Assist with seeking funding (e.g. FEG funding, ATO indemnity request)
Assist with litigation matters (e.g. instructing solicitors, reviewing court
documents, preparation for and attendance in mediation/Court, preparation
for public examinations and attendance in Court)
Assist with creditor meetings, review completed minutes of meetings,
instructing lodgement of statutory forms
Assist with seeking fee approval from the Court (e.g. reviewing WIP report,
Review adjudication of proof of debt claims by creditors for dividend purposes
and/or when requested
Assist with dividend procedures (e.g. instructing issuance of cheques, banking
of cheques)
Instruct and assist with finalisation of files (e.g. closing administration bank
account, cancelling GST registration, draft and lodge statutory forms)
Financial Record all chargeable and non-chargeable tasks on timesheets
Performance Ensure subordinates are completing timesheets and meeting chargeable
budgets
Monitor and contribute to discussions regarding file and team fees, work in
progress, write-offs and budgets
Generate and complete monthly fee sheets
People & Coordinate / attend new staff member's induction and development
Performance discussions / reviews in the first 12 weeks
Train and provide guidance for File Accountants
Provide timely coaching, practical advice, constructive and specific feedback
on work completed to all team members
Monitoring performance of File Accountant
Identify performance issues with File Accountants and liaise with
manager/partner as required
Identify opportunities to reinforce, reward and celebrate individual progress
and achievements
Knowledge matters and navigate through legislation, case law and ARITA Code
Demonstrate comprehensive working knowledge of Workbench and other
software / programs (e.g. MYOB, Quicken, Xero)
Ensure