Creditors Committee Advisor
A Creditors Committee Advisor counsels a committee of unsecured creditors during a company's bankruptcy process, providing financial and legal advice to optimize outcomes.
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Sample Job Descriptions for Creditors Committee 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 Creditors Committee Advisor will serve as a junior member on a team providing financial advisory services to unsecured creditors' committees. The advisor will assist in analyzing the financial status of distressed companies and evaluating the implications for creditors.
Required Skills
- Analytical skills
- Financial modeling
- Communication skills
- Teamwork
- Basic knowledge of bankruptcy law
- Proficiency with Microsoft Excel and financial analysis software
Qualifications
- Bachelor's degree in finance, accounting, or a related field.
- Basic understanding of financial statements and accounting principles.
- Familiarity with bankruptcy processes and law (preferred, not required).
- Strong analytical and problem-solving skills.
- Excellent written and verbal communication skills.
- Ability to work effectively as part of a team.
Responsibilities
- Assist in the financial analysis of debtor's business.
- Support the assessment of the debtor's restructuring plans.
- Help in the evaluation of proposals from the debtor and other parties.
- Contribute to the preparation of reports and presentations for the committee.
- Collaborate with legal counsels to understand bankruptcy proceedings.
- Monitor the debtor's cash flow and financial statements.
- Participate in committee meetings and conference calls.
- Assist in formulating strategies to maximize creditor recoveries.
Intermediate (2-5 years of experience)
Summary of the Role
Seeking a knowledgeable Creditors Committee Advisor to provide strategic financial advice and guidance to creditors' committees during bankruptcy proceedings. The ideal candidate will have a solid background in finance or law, strong analytical skills, and experience working with distressed companies.
Required Skills
- Financial analysis
- Legal analysis
- Negotiation
- Communication
- Strategic planning
Qualifications
- Bachelor's degree in Finance, Accounting, Law, or related field. A Master's degree or a Juris Doctorate is preferred.
- Minimum of 2-5 years of experience in financial advisory, law practice, or a related area, ideally with experience in bankruptcy or distressed situations.
- Strong understanding of the bankruptcy process and creditors' rights.
- Ability to interpret complex financial data and legal documents.
- Exceptional negotiation and communication skills.
Responsibilities
- Advise creditors' committees on their rights and options during bankruptcy proceedings.
- Monitor the debtor's financial conditions and business operations.
- Negotiate terms of reorganization plans with debtors and other stakeholders.
- Review and analyze financial statements, legal documents, and other relevant materials.
- Assist in coordinating with attorneys, financial analysts, and other consultants.
- Prepare and present reports to the committee members outlining strategic recommendations.
- Ensure compliance with bankruptcy laws and regulations.
Senior (5+ years of experience)
Summary of the Role
The Creditors Committee Advisor is a specialized financial role responsible for advising the committee of creditors in bankruptcy cases. They provide expert guidance on financial restructuring, legal proceedings, asset evaluation, and negotiating terms with debtors. Their work is essential in protecting the rights and interests of the creditors they represent.
Required Skills
- Excellent analytical and financial modeling skills.
- Strong communication and presentation skills.
- Ability to work under pressure and tight deadlines.
- Proficiency in legal and financial research tools.
- Effective team coordination and leadership abilities.
Qualifications
- Bachelor's degree in Finance, Accounting, Law, or related field.
- Minimum of 5 years of experience in bankruptcy advisory or financial restructuring.
- Strong understanding of bankruptcy law and the Chapter 11 process.
- Experience serving on or advising creditors' committees.
- Proven negotiation and conflict resolution skills.
- Certifications such as Certified Insolvency & Restructuring Advisor (CIRA) or similar may be preferred.
Responsibilities
- Advise creditors on the formation and operation of creditors' committees.
- Analyze debtor's financial information and business operations to assess the viability of reorganization plans.
- Negotiate with the debtor on behalf of the creditors' committee to reach favorable terms in the reorganization plan.
- Coordinate with attorneys, accountants, and other professionals to ensure the creditors' best interests are represented.
- Monitor the progression of bankruptcy cases and provide updates to the creditors' committee.
- Prepare reports and presentations for committee members on the status of negotiations and case developments.
- Recommend strategies for maximizing the recovery of creditor claims.
- Ensure compliance with bankruptcy laws and regulations throughout the process.
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