Insolvency Administrator

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 250 employees working across Canada and has helped over 100,000+ 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

Assist with all matters relating to the current administration of Division 1 and Ordinary bankruptcy estates including but not limited to:

• 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
• Schedule all meeting of creditors for both proposal and bankruptcy estates
• Prepare and send out Notice of Stay if applicable
• Draft Report to Creditors and Notice to Creditors for proposal and Trustee’s Preliminary report to creditors for bankruptcy
• Email or Mail notices to all creditors
• 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
• Attend to creditors’ and debtors’ enquiries—bring complex enquires to the trustee’s attention
• Negotiate with creditors for acceptance of proposals
• 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 and send S38 notice as appropriate
• 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

Qualifications

• Previous experience in dealing with division 1 proposal and ordinary bankruptcy administration is an asset
• Previous experience in the insurance, health care, financial or legal industry

• 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 Ascend and other software such as ProSystem

Compensation, Benefits, and Perks

To ensure we attract and retain top talent, we offer competitive compensation and benefits which we continually review and update to meet the evolving needs of our people.
As a part of our team, you will receive:

• Flexible work arrangements
• Vacation and wellness days
• Extended health and dental coverage as well as a virtual doctor plan
• Employee Assistance Program and mental health resources
• Company matching retirement savings plan
• Financial support for professional development
• Annual company events
• Exclusive access to perks and discounts

Our Culture at Farber

At Farber, we’re in the business of helping people—and this ethos extends not only to our clients, but to our employees, partners. We are committed to taking action and to deliver an inclusive, diverse, and equitable workplace that our staff experience every day. This commitment also shapes our culture, which is one of a kind and unique. We are proud to have a dedicated culture committee who organize events, and consists of staff volunteers, they hand out awards for recognition and support the many holidays in our community to celebrate our inclusive and diverse workforce at Farber.

Farber encourages applications from all qualified candidates who represent the diversity of Canada.

• If you require any accommodations throughout the recruitment process—including alternate interview formats, accessible materials, or any other accommodations—we encourage you to contact us at careers@farbergroup.com.

We thank all candidates for submitting their resume, however, only those selected for an interview will be contacted.