VP - Assignment for Benefit of Creditor (Trust/Restructuring)

Job Description

Job Description

ROLE SUMMARY

 

As a Vice President of Province’s Assignment for the Benefit of Creditors (“ABC”) practice, you will serve as the day-to-day project manager for ABC engagements in which Province and its affiliates act as assignee and estate fiduciary. You will lead all aspects of estate administration, from pre-assignment planning and asset preservation through asset disposition, claims reconciliation, tax compliance, creditor distributions, and estate closure, with minimal supervision. The role requires strong client management skills, sound business judgment, capacity to oversee multiple projects simultaneously, and the proven ability to direct internal team members, external personnel, and professionals across projects (including counsel, tax advisors, brokers, auctioneers, claims and noticing agents). Your expertise in understanding assignment agreements, sale documents, and insolvency processes will be essential in ensuring compliance with the estate’s obligations and maximizing recoveries to creditors.

ROLE AND RESPONSIBILITIES

• Serve as the day-to-day project lead for multiple ABC engagements and project teams, developing work plans, budgets, and timelines from pre-assignment diligence through final distribution and estate closure.
• Manage multiple concurrent estates, tracking deadlines, deliverables, and engagement economics while keeping senior leadership and clients informed of status and key decisions.
• Direct the administration of assigned estates, including asset identification and preservation, cash management, insurance, books and records, and the orderly wind-down of business operations.
• Oversee the marketing and disposition of estate assets, including going-concern and orderly liquidation sales, coordinating with counsel, brokers, and auctioneers to maximize value for creditors.
• Oversee the claims process, including the intake, review, and reconciliation of proofs of claim (including tax and wage/priority claims), claim objections, and negotiated resolutions with counsel.
• Design and execute distributions to estate creditors consistent with statutory priorities and the terms of the assignment, supported by recovery and waterfall analyses.
• Manage the preparation of estate financial reporting, budget-to-actual analyses, and periodic status reports to creditors and other stakeholders.
• Collaborate with tax professionals on estate tax filings, payroll and trust fund obligations, and the resolution of state and federal tax liabilities, including abatement requests, to limit the risk of liens, fines, and penalties.
• Serve as a primary point of contact for assignors, creditors, purchasers, and their advisors; respond to creditor inquiries and manage sensitive communications with professionalism and discretion.
• Support practice development, including pitches, proposals, and referral relationships with attorneys, lenders, venture capital, and other sources of ABC engagements.
• Manage, train, and develop internal associates and analysts, delegating and reviewing workstreams and providing constructive feedback.
• Direct external professionals (counsel, tax advisors, brokers, claims and noticing agents, and field personnel), managing scope, budgets, and performance across engagements.
• Perform other tasks or duties as assigned by management.

QUALIFICATIONS / IDEAL CANDIDATE

Academic/Work:

• 5+ years of professional work experience. 
• 3+ years’ experience in corporate restructuring, investment banking, special situations, fiduciary services, bankruptcy estate administration, or relevant legal or financial positions.
• Working knowledge of ABC statutes and procedures and related insolvency frameworks (chapters 7 and 11 of the US Bankruptcy Code, receiverships, and UCC Article 9 dispositions, etc.) strongly preferred.
• Demonstrated client management experience and sound business judgment in fiduciary or advisory settings.
• A solid academic background from a reputable undergraduate/graduate program; JD, CPA, or CIRA (Certified Insolvency and Restructuring Advisor) designation is a plus.

Technical:

• Advanced proficiency in Microsoft Excel and PowerPoint; proficient with financial/data analytics and claims management databases.
• Excellent research skills and the ability to analyze complex legal documents, including assignment agreements, sale documents, court motions/orders, loan documents, etc.
• Deep understanding of financial statements and general corporate finance.
• Ability to successfully complete modeling and technical skills testing prescribed by the company.

Behaviors:

• Planning and Prioritization: Strong ability to work independently and multitask effectively in a highly detailed environment, with a good sense of what is important to accomplish the goal.
• Communication Skills: Ability to condense extensive financial and legal information into logical, thoughtful, and concise solutions, presentations, and well-written reports.
• Business Judgment: Exercises sound, defensible judgment in ambiguous situations, balancing value maximization, cost, risk, and the fiduciary duties owed to the estate and its creditors.
• Client Management: Builds trusted relationships with assignors, creditors, referral sources, and counsel, anticipating needs and managing expectations throughout the life of an engagement.
• Action-Oriented: Eager and responsive, seizing opportunities when presented with them.
• Trust: Demonstrated maturity and the ability to interact effectively with lenders, lawyers, senior executives, and middle managers.
• Personal Learning: The commitment to working effectively in a small, collaborative team environment and actively improving skills, seeking feedback, and adjusting accordingly.
• Management: The building of team members’ growth by offering constructive feedback, providing guidance, and creating avenues for skill development and career progression. It also entails delegating tasks and project responsibilities to internal and external team members and cultivating a supportive and positive work culture.

OUR BENEFITS

 

Our benefits include, but are not limited to:

• Excellent salary and bonus plans
• Competitive benefits package
• Company 401K plan
• Company profit-sharing plan

AFFIRMATIVE ACTION/EEO STATEMENT:

Our firm provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment in accordance with applicable federal, state, or local laws.

ADDITIONAL INFORMATION:

This job description outlines the primary responsibilities of the position. It does not encompass all duties that may be required in this role. The employee may be expected to perform additional job-related tasks and responsibilities as instructed by management within the boundaries of applicable law. Management reserves the right to add, revise, or delete information in this job description. Reasonable accommodation will be provided to qualified individuals with disabilities as required by law. This document does not create an employment contract, implied or otherwise, other than an "at-will" employment relationship.