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Insolvency Administrator

Canada, North York Employment contract 60000.00 - 68000.00 CAD / Year · Job Posted May 16, 2026
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Job Description

We are currently seeking a Full-time Insolvency Administrator (internally known as Division 1 and Ordinary Proposals Administrator) to join our Sheppard office. The individual in this role will administer Division 1 proposal and Ordinary bankruptcy files.

Job Responsibility

  • Assist with all matters relating to the current administration of Division 1 and Ordinary bankruptcy estates including but not limited to: Preliminary File Review / Proofs of Claim / Meeting of Creditors
  • Input file information into Ascend and CRM databases
  • Prepare necessary documents such as proposal/NOI, cash flow, Bankruptcy notice etc. using Word and Excel
  • E-file new files and all statutory reports, notices, and minutes
  • Draft Report to Creditors and Notice to Creditors for proposal and Trustee’s Preliminary report to creditors for bankruptcy
  • Input Proof of Claims into Ascend and follow up with creditors if claims are deficient of the required information
  • Deal with all matters related to proof of claim, including, preparation of the notice of disallowance
  • Schedule all meeting of creditors for both proposal and bankruptcy estates
  • Negotiate with creditors for acceptance of proposals
  • Prepare and send out Notice of Stay if applicable
  • Email or Mail notices to all creditors
  • Attend to creditors’ and debtors’ enquiries—bring complex enquires to the trustee’s attention
  • Court Activities: Prepare Report to Court, court application package, and schedule court hearings if needed
  • Monitor payments and other proposal terms where applicable
  • Send out default notice if needed
  • Attend to interim dividends
  • Upon completion of all terms of the proposal, prepare the Certificate of Full Performance for trustee’s execution
  • Review assets file folder in the ordinary bankruptcy and make sure all assets have been disposed properly
  • Assist in various close-out matters
  • Trustee’s discharge and taxation
  • Coordinate all court hearings among Trustees and lawyers within different jurisdictions
  • Deal with various inquires from the debtors and creditors
  • Deal with various estate banking requests
  • Assist in various close-out matters when needed
  • Other duties as may be required

Requirements

  • Previous experience in dealing with Division 1 proposals and Ordinary bankruptcy administration is an asset
  • A background in accounting, Paralegal, law clerk, business commerce, or a related field will be advantageous
  • Proven background dealing with attention to detail and multi-tasking
  • Organizational skills to organize workload
  • Good oral and written communication skills to communicate effectively with staff, inspectors, creditors and OSB
  • Analytical skills to analyse account activities
  • Interpersonal skills to deal with team members and staff
  • Excellent computer skills and proficient with Microsoft Office (Outlook, Excel, Word)
  • Familiar with insolvency software Ascend and other software such as ProSystem is an asset but not required

Nice to have

  • Previous experience in dealing with Division 1 proposals and Ordinary bankruptcy administration
  • Familiar with insolvency software Ascend and other software such as ProSystem

What we offer

  • Remote work model
  • Vacation and wellness days
  • Extended health and dental coverage, plus virtual doctor services
  • Employee Assistance Program and mental health resources
  • Company-matching retirement savings plan
  • Financial support for professional development
  • Annual company events
  • Exclusive access to perks and discounts

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