Executive Analyst

at  Worrells

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,
instructing solicitors, reviewing application/court documents)
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
Technical Demonstrate knowledge and ability to apply relevant legislation to job
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 correct insolvency practices (statutory, regulatory, industry standards)
are followed on all client files
Operational Ensure all draft correspondence is accurate, contains minimal errors and that
Excellence all references to legislation are correct
Apply firm protocols in maintaining files in Workbench, and ensure all files are
well structured to a standard acceptable to the requesting staff member and
documentation is up to date
Ensure firm checklists are followed and maintained in accordance with
deadlines as defined in the client file
Ensure all incoming correspondence is saved on file, linked to relevant file
note and summarised for next steps (where appropriate) in a timely manner
Complete file notes in a way which sets out clearly the position taken and the
reasons for that position
Actively work to drive efficiencies and optimise team effectiveness
Set parameters on files with Manager, and ensure team works within the job
parameters
Ensure all file notes are addressed on their review date, all review dates set
appropriately
Ensure File Accountant completes relevant tasks required (i.e. saving mail,
preparing responses within relevant time frame, meeting time budgets)
Manage workload of File Accountant/Financial Assistant
Stakeholder Communicate verbally in a professional and courteous manner (including on
Management the telephone and at meetings) to ensure positive reflection of the Worrells
brand, strong working relationships and referrer retention
Keep stakeholders informed on the status of pending actions where
appropriate
Communicate with stakeholders to determine what their needs are and
provide appropriate information
Respond to stakeholder queries within statutory timeframe (if applicable)
Liaise and maintain relationships with Referral partners and ensuring CRM
software is updated accordingly
Business Participate in structured firm marketing events as required
Development Network at industry events to secure new referral partners
Key internal and external stakeholders

QUALIFICATIONS

Degree in Accounting / Commerce or equivalent
Should be a full member of the ICA or CPA Australia
Should have passed all or the greater part of the ARITA Course

EXPERIENCE

Supervisors will generally have minimum of 4 years’ insolvency experience, undertaking or
completed CAANZ/CPA (or equivalent), and may have commenced ARITA education course.
Supervises one or two staff

Ordinary Unsecured To keep them informed, proactively manage expectations and
Creditors represent Worrells in a professional manner
Regulators - ASIC and To comply with regulatory requirements and discharge statutory
AFSA duties and represent Worrells in a professional manner
Referral Partners To proactively keep appraised of developments on files and
represent Worrells in a professional manner
Debtor / Director To proactively deal with the Debtor / Director in a respectful and
professional manner
Secured Creditors To recognise their vested interest in the insolvent as a Secured
Creditor. To keep them informed, proactively manage expectations
and represent Worrells in a professional manner
Worrells Staff and Team Is courteous and treats others with respect. Works on projects as
Members part of a team, exchanging ideas and contributing skills that
complement those of the other team members
Employee Creditors To keep them informed, proactively manage expectations and
represent Worrells in a professional manner
Selection criteria