Individual Insolvency Administrator

2 weeks ago


Singapore Ministry of Law Full time

What the role is

  • The Ministry of Law ensures a sound and progressive legal infrastructure, intellectual property infrastructure and insolvency regime, and optimizes land resources, to support national goals. You will be part of the Individual Insolvency and Debt Repayment Scheme Division of the Insolvency & Public Trustee's Office (IPTO). You will be responsible for all areas of case administration under the Debt Repayment Scheme and Compliance work involving Private Trustees-InBankruptcy (PTIBs). You will be involved in engaging debtors, creditors, internal stakeholders, industry practitioners, other government agencies and law firms.

What you will be working on

  • Responsibilities:
I. Debt Repayment Scheme

  • Assess debtor's suitability to be placed under the Debt Repayment Scheme
  • Examine information and documents submitted by the debtor and verify extent of debtor's assets and liabilities
  • Schedule and conduct meeting of creditors to determine debtor's repayment plan
  • Monitor debtor's compliance to the terms and conditions of the approved repayment plan
  • Manage debtors' arrears plan, if any
  • Handle both general and casespecific enquiries from debtors, creditors, solicitors and representations from Members of Parliament
  • Process payments to creditors
  • Review cases for cessation of the debt repayment plans (completion, failure or inapplicability for DRS)
II. Compliance

  • Ensure PTIBs provide sufficient Security Deposit (SD) and safekeep the Banker's Guarantees (BGs) before allowing the PTIBs to commence administration of cases
  • Ensure the return of expired BGs to PTIBs or upon the exit of the cases from bankruptcy
  • Assist PTIBs with technical issues
  • Review feedback received on PTIBs administration of the bankruptcy estate

What we are looking for
- *Key Competencies Required*- [Balancing Service with Authority]: Collaborate with other agencies to strike a balance between balancing whole-of-government enforcement outcomes and empathy when working on cross-cutting enforcement issues.
- [Investigating and Gathering Evidence]: Ensure all evidence related to the case are appropriately obtained, documented, processed, and stored in accordance with agency policy and procedures to support case resolution.
- [Processing cases]: Ensure that each step in the case management process is carried out with professionalism and integrity.
- [Planning and Managing Operations]: Plan and/or execute daily operations according to Standard Operating Procedures (SOPs) to optimise enforcement functions.

*Personal Traits/Work Experience*- Academic Training preferably in Accountancy, Finance, Economics, Finance, Business Administration or Law

  • Work experience of 1 to 2 years, preferably with experience in customer service
  • Meticulous and ability to multitask, good interpersonal skills
  • Good written and verbal communications skills
  • Able to work independently with mínimal supervision
  • Energetic teamplayer


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