Company Voluntary Arrangement Advisor
A professional who provides advice and guidance to companies on formal insolvency procedures, specifically aiming to help businesses restructure or settle debts with creditors.
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Sample Job Descriptions for Company Voluntary Arrangement Advisor
Below are the some sample job descriptions for the different experience levels, where you can find the summary of the role, required skills, qualifications, and responsibilities.
Junior (0-2 years of experience)
Summary of the Role
The Company Voluntary Arrangement (CVA) Advisor will assist companies in financial distress to restructure their debt and negotiate with creditors under a formal arrangement. The advisor will work under supervision to provide support in the CVA process and ensure compliance with legal and regulatory frameworks.
Required Skills
- Basic knowledge of financial modeling and analysis.
- Proficiency in Microsoft Office Suite, particularly Excel.
- Time management and organizational skills.
- Strong interpersonal skills to interact with a variety of stakeholders.
- Attention to detail and accuracy in work.
Qualifications
- Bachelor's degree in finance, accounting, law, or related field.
- Understanding of insolvency and restructuring processes, preferably with a focus on Company Voluntary Arrangements.
- Excellent verbal and written communication skills.
- Strong analytical and problem-solving abilities.
- Ability to work effectively in a team-oriented environment.
Responsibilities
- Assist with the preparation of proposals for Company Voluntary Arrangements.
- Support senior advisors in negotiations with creditors and stakeholders.
- Collect and analyze financial data to assess the viability of CVAs.
- Prepare documentation and reports related to the CVA process.
- Communicate with clients to gather necessary information and provide updates.
- Help maintain compliance with legal and financial regulations during the CVA process.
- Participate in meetings and calls with clients, creditors, and legal professionals.
- Assist in managing the timeline and milestones of the CVA process.
Intermediate (2-5 years of experience)
Summary of the Role
As a Company Voluntary Arrangement (CVA) Advisor, you will play a critical role in providing financial restructuring advice and negotiation services for businesses experiencing financial difficulties. You will work closely with company directors and stakeholders to design and propose viable CVA plans that enable businesses to repay debts over an extended period while continuing their operations.
Required Skills
- Strong financial analysis and modeling skills.
- Excellent negotiation and communication skills.
- Ability to handle complex financial situations with a problem-solving mindset.
- Strong organizational skills and the ability to manage multiple cases simultaneously.
- Proficiency in financial software and Microsoft Office Suite.
Qualifications
- Bachelor's degree in finance, accounting, law, or a related field.
- A professional qualification such as ACA, ACCA, or similar is highly advantageous.
- 2-5 years' experience in insolvency, restructuring, or a related financial advisory role.
- Understanding of insolvency legislation and the CVA process.
- Experience in negotiating with creditors and developing repayment plans.
Responsibilities
- Assess the financial position of companies to determine the feasibility of a CVA.
- Advise company directors on the implications, processes, and long-term impact of entering into a CVA.
- Design and develop detailed CVA proposals that satisfy the interests of both the company and its creditors.
- Negotiate with creditors to secure their agreement for the CVA terms.
- Monitor the progress of CVAs and provide ongoing support and advice to ensure successful implementation and adherence.
- Liaise with accountants, lawyers, and other professionals to gather information and form a cohesive restructuring plan.
- Prepare and present reports to stakeholders regarding CVA progress and outcomes.
- Keep abreast of legal and regulatory changes relating to insolvency and restructuring.
Senior (5+ years of experience)
Summary of the Role
A Company Voluntary Arrangement (CVA) Advisor is a pivotal role responsible for advising financially distressed businesses on formal debt restructuring processes. The advisor works closely with company directors and stakeholders to facilitate negotiations with creditors, aiming to arrange a payback scheme that suits all parties and allows the business to continue operating.
Required Skills
- Strong analytical and financial skills.
- Excellent negotiation and communication abilities.
- Ability to manage complex stakeholder relationships.
- High level of professional ethics and integrity.
- Strong problem-solving and decision-making skills.
Qualifications
- Bachelor's degree in Finance, Accounting, Law, or related area.
- Qualified Insolvency Practitioner (IP) status is preferred.
- Significant experience in insolvency, restructuring, or a related field.
- Thorough understanding of the legal aspects of CVAs and insolvency.
- Proven track record of successfully advising on and managing CVAs.
Responsibilities
- Assess the financial health of businesses and their ability to enter a CVA.
- Advise directors on the implications and processes involved in a CVA.
- Negotiate terms and payment plans with creditors.
- Monitor the progress of CVAs and ensure compliance with legal requirements.
- Liaise with accountants, lawyers, and other professionals during the CVA process.
- Prepare and present detailed reports and proposals to stakeholders.
- Assist in the development of business restructuring plans.
- Keep abreast of changes in legislation and best practices in insolvency and corporate recovery.
See other roles in Business, Consulting, and Legal Services and Finance
Sample Interview Questions
How do you ensure that your actions as a CVA Advisor align with high levels of ethics and integrity?
Can you share an example of a time when you had to address potential conflicts of interest in a CVA?
