Recovery & Reorganisation Associate

The Recovery & Reorganisation Associate will provide assistance to the Recovery & Reorganisation team on a range of restructuring assignments. 
  • They will work mainly with the Senior Associates providing support on a portfolio of cases.
  • They will provide general clerical and general administrative support to the department.
  • They will provide assistance to the management team on ad hoc tasks and projects. 
The role involves assistance in managing a portfolio of assignments from the initial client take on up to the conclusion of the assignment, including tasks such as managing funds, correspondence with the stakeholders, and keeping records up to date. They will also be involved in the disposal and distribution of the assets, reporting to creditors and shareholders and forensic investigations.

They will be involved in general case work to understand the importance of and to implement efficiently good procedures and develop a basic understanding of solvent and insolvency procedures with a view of administering their own portfolio of cases as they progress. 
Recovery & Reorganisation
Contract Type
Full Time
Reporting To
Assistant Manager / Manager

Key Responsibilities

  • Although not a core part of the role, there may be a requirement from time to time to get involved in activities that develop the R&R practice e.g. marketing events. 
  • Communicates effectively with clients’ staff with supervision from a Senior Associate.
  • Understands difficult situations and brings them to the attention of senior staff members.
  • Develops an understanding of the different requirements of stakeholders.
  • Is flexible to be able to travel to clients’ premises and to work or study away from home from time to time.
  • Promotes the Grant Thornton brand in their dealings with the stakeholders. 
  • Develops an awareness of the professional standards expected.
  • Is aware of the importance of good client relations.
  • Represents Grant Thornton in a favourable light to clients. 
  • Identifies and actions opportunities for personal and professional development.
  • Is proactive in developing their understanding of solvent and insolvency procedures through conducting their own research.
  • Acts as a role model for living the firm's values.
  • Ensures that job review forms are completed on their performance on a regular basis and any identified areas of development are addressed after discussions with line manager.
  • Responsibility for ensuring own appraisal and job review forms are completed on time, and that a personal training plan is in place.  Required to communicate concerns upwards in a timely fashion.
  • Builds relationships within the team and within the firm.
  • Develops accounting knowledge.
  • Attends internal training events, including courses, to develop their skills and technical knowledge.
  • For those undertaking professional exams, ensures they comply with the agreed training contract including preparation and maintenance of their student training record. 
Operations and Results
Case management and compliance: 
This is the key part of the role and in carrying it out, it is important to report to the Senior Associates on a regular basis to update them on progression and any other matters encountered. 
  • Develops an understanding of office and departmental procedures, including understanding of the basic functions of other Grant Thornton departments.
  • Assists in completing take on procedures including conflict checks, obtaining client due diligence, assisting in drafting engagement letters and setting up new clients.
  • Able to research basic company information i.e. Jersey / Guernsey Registry, Companies House, Land Registry.
  • Review a company’s books and records at the client, with a Senior Associate or a Manager.
  • Prepares and files appropriately statutory documents on appointment and throughout the case as instructed by the Senior Associate.
  • Prepares first drafts of basic letters, emails and reports to all relevant stakeholders.
  • Deals with phone calls.
  • Understands and effectively uses IPS for maintenance of up to date records on all cases.
  • Processes invoices and prepares payment vouchers for approval.
  • Appropriately records creditor claims.
  • Assists in departmental billing.
  • Assists with distribution payments by completing the relevant checklists, preparing payments and liaising with banks, feeding information back to the Senior Associate as appropriate.
  • Ensures the files are up to date, at the requisite times during the case at the conclusion of an assignment.
  • Prepares final meeting paperwork and correspondence.
  • Assists in archiving of client files.
  • Assists in ad hoc projects.
  • Spots opportunities for improvement of departmental procedures and communicates them to the team. 
Other Responsibilities
  • Accurately records time spent on cases.
  • Actively participates in team meetings.
  • Takes ownership of tasks assigned to them and maintains their own to do list.
  • Raises concerns in respect of case progression. 

Skills, Knowledge & Expertise

  • A-Levels (3 C’s or above), or equivalent, or Degree (2:1 or above), or equivalent.
  • No relevant experience necessary but must be willing and able to undertake a relevant accounting professional qualification and apply that knowledge to gain experience in the role.

About Grant Thornton CI

Grant Thornton Limited is a leading Channel Island practice with offices in Guernsey and Jersey with combined staffing strength of approximately 100 people.

We are the Channel Island member of Grant Thornton International, one of the world's leading international organisations of independently owned and managed accounting and consulting firms. Grant Thornton International is not a worldwide partnership. Services are delivered independently by the member firms and as a member firm within Grant Thornton International we have access to member and correspondent firms in over 130 countries, offering clients specialist local knowledge supported by international expertise and methodologies.

We have been offering practical and strategic advice to all the key sectors in the Channel Islands for many years, and work closely with our clients to understand the specific issues that they face, as is evident in the many long standing client relationships that we have developed.
Our range of services in the Channel Islands include:
  • Accounting
  • Recovery and Reorganisation
  • Outsourced Accounting and Payroll
  • Private Client
  • Tax
  • Audit and Assurance

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Recovery & Reorganisation
Contract Type
Full Time
Reporting To
Assistant Manager / Manager
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