Insolvency Administrator (PLG/TA 5) - Office of the Government Trustee

Summary

The incumbent is responsible for the administration of Bankruptcy Estates, under the jurisdiction of the Government Trustee, as a result of appointment of the Government Trustee by the Supreme Court, or the Supervisor of Insolvency. 💰Salary: $2,803,771 - $3,770,761 per annum.

Responsibilities

• • Assists the debtor in the preparation of Statement of Affairs and Statement of Financial Position for review by the Deputy Trustee and approval by the Government Trustee;
• • Issues and/or publishes all Notices required to be sent to debtors, creditors, Directors of debtor companies, the Registrar of Titles, the Registrar of Companies or other relevant person or authority;
• • Notifies financial institutions and other relevant or necessary entities of the making of a proposal or assignment or the grant of a receiving order and request information on the assets and interests of the debtor, and any liabilities or claims they may have as a creditor;
• • Attends at the Companies Office of Jamaica, the National Land Agency, Tax Administration Jamaica, the registered offices of companies and such other places as may be necessary, to conduct searches for assets and obtain or take possession of books, records and other documents relating to debtors;
• • Travels to various locations to investigate the lifestyle and condition of debtors and prepares full and accurate reports detailing the debtors’ circumstances;
• • Receives or takes possession of debtor’s assets and books and records, prepares and maintains an inventory of same and ensures they are maintained securely and in proper condition, while in the Trustee’s custody;
• • Assists creditors in the preparation and submission of their claims and ensures same are supported by adequate information and documentation;
• • Communicates with debtors, creditors and other interested parties regarding the assets and liabilities of an estate and the progress of the administration;
• • Assists in carrying on the business of a debtor for such period as is necessary, as ordered by the Court and directed by the Government Trustee;
• • Receives, responds to and prepares and sends written correspondence to all interested parties regarding estates, as required;
• • Declares and distributes dividends to creditors;
• • Prepares recommendations for the attention of the Director of Insolvency Administration regarding the realization of assets;
• • Disposes of properties that are perishable or likely to depreciate rapidly in value;
• • Prepares reports of discussions, meetings, investigations and other matters and ensures that same are properly recorded on the files maintained in relation to administration of each estate;
• • Prepares drafts of documents required to be filed or submitted to the Court, Supervisor or other authorities including the Registrar of Companies and the Registrar of Titles as required in relation to matters assigned;
• • Prepares files and documents for matters to be heard by the Court or Supervisor, attends with the Trustee or Deputy Trustee for the hearing and ensures a complete and accurate record is made of same;
• • Performs any other related duties that may be assigned from time to time.

Required Skills

• • Excellent organizational skills
• • Ability to work well with others
• • Good interpersonal skills
• • Excellent oral and written communication skills
• • Proficiency in the use of relevant Microsoft Applications

Qualifications

• • First Degree in Law, Management Studies, Business Administration or Equivalent Qualification would be an asset;
• • Paralegal Certificate/Diploma would be an advantage;
• • Three (3) years working experience in the administration of estates or trusts, preferably including drafting of Court documents and documents relating to dealings with land and other property.

Additional Information and Instructions

• • Required to travel islandwide.

Applications accompanied by résumés should be submitted no later than Wednesday, 22nd January, 2025 to: Director, Human Resource Management and Development Ministry of Industry, Investment and Commerce 4 St. Lucia Avenue Kingston 5 📧 Email: hrm@miic.gov.jm ℹ️ Subject: Insolvency Administrator (PLG/TA 5) - Office of the Government Trustee 🔒 Important: All applicants will be required to pass a security background check. 🙏 Note: Only shortlisted candidates will be contacted. Special Condition Associated with the Job:

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