What is Corporate Recovery & Insolvency?
Irish business is under pressure as never before. In all business sectors, companies today operate in a constantly changing environment – changing technology, changing competitors, changing customer demand. All too often, failure to manage change results in underperformance and increasing financial pressure.
Added to the pressure of change are adverse currency movements, credit constraints, the possibility of strategic errors - any or all of these can plunge a company into serious financial distress. Whether these factors occur in isolation or converge, they typically trigger a host of problems, including underperformance, declining earnings, and liquidity and cash-flow blockages, inevitably resulting in pressure from stakeholders.
In extreme cases, the company may face insolvency, resulting in the demise of the business, with serious financial consequences for owners, creditors and employees.
At PwC we have a keen understanding of corporate insolvency issues. Whether it be advising, restructuring or refinancing, we can help our clients. With a breadth and depth of experience, and a geographic spread of service unmatched elsewhere, our experienced specialists focus on the issues faced by stakeholders in a troubled business.
We also advise and assist on other insolvency related matters such as trading with liquidators, receivers and examiners or acquisition of assets or businesses from liquidators or receivers.
We offer services to shareholders of solvent companies – where shareholders wish to release value in a tax-efficient manner, or where companies no longer fulfil an economic purpose, whether as a result of group reconstruction or otherwise.
What will I get out of the job?
A chance to learn from talented people, work with high calibre clients and benefit from the best training and development around - and that's just for starters. You’ll also get plenty of variety and excellent development opportunities throughout your career. You'll quickly develop excellent communication, project management, business awareness and coaching skills. It's a great basis on which to build your career.
What skills will I develop?
Advising clients on important decisions calls for strong analytical, numerical, team-working and communication skills. Your confidence will grow as you develop these and build your understanding of business and any specialist area you might focus on.
What do I have to put in?
There's no doubt you'll have to work hard. We look for people who are willing to invest what it takes to build up analytical skills, confidence and knowledge of the business world through project work, training and development. The professional and personal rewards, however, will make all your hard work worthwhile.
What professional qualifications will I study for?
In Corporate Recovery & Insolvency (CRI) our graduates study for the Chartered Accountancy (ACA) qualification. We are looking for graduates to join the firm in Autumn 2012 and therefore places are through our direct entry route, attracting students with a business related degree or postgraduate qualification.
Direct Entry - Associate of the Chartered Accountants Ireland (CAI)
The range of exemptions from the ACA examinations is dependent upon the level and results of degree/postgraduate qualification obtained. Please visit the CAI website for further information.
The firm will pay the following fees which arise during the ACA training contract period:
- Student Registration Fee
- Exemption Fees
- CAP 1 / CAP 2, FAE Course Fees (first attempt only)
- Exam Fees (first attempt only)
Learn more about this entry route on our entry route page.