Island Paradise Recruitment
Insolvency & Restructuring Senior Associate (Bermuda)
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Insolvency & Restructuring Senior Associate (Bermuda)
About the role
We are looking for corporate insolvency/restructuring professionals for our client in Bermuda. The successful applicants will work on a range of cross-border insolvency & restructuring engagements, often interesting, complex corporate insolvency work. The position provides the ability to gain exposure conducting investigations into misappropriated assets, assisting with the sale of assets, gaining financial services exposure (particularly private equity funds, hedge funds and insurance companies), and managing statutory reporting, amongst other tasks. Understanding liquidations in accordance with the applicable rules and regulations, financial statements and reports is key to success in this role, so tends to favour candidates with more core insolvency rather than restructuring experience.
Please note that the job location is Bermuda and would be an on-site role on a 2 year minimum contract (promotions and pay rises can occur during the contract). A relocation and work permit package would be provided.
The requirements
Applicants must be university graduates and be qualified accountants (ACA, ACCA, CA, CPA etc) or hold a professional insolvency qualification (i.e. CPI or JIEB). 3 years+ corporate insolvency/restructuring experience (or at least 12 months of insolvency experience if from an audit background originally) from the UK, Hong Kong, Singapore, Ireland or Australia (or another established common law jurisdiction).
Compensation and benefits
A competitive remuneration package that is commensurate with qualifications and experience of approximately US$85,000 - 90,000 salary (low tax), relocation package, amongst other benefits.
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Why Bermuda?
A Tropical Paradise Bermuda is a stunning chain of islands known for its white sandy beaches, coral reefs and turquoise waters. It offers a wide range of activities, including world-class diving, snorkelling, kayaking, sailing, deep-sea fishing, and numerous other water sports. Additionally, Bermuda boasts an incredible array of top-quality restaurants and a variety of cultural and leisure experiences.
A Leading Financial Services Hub Referred to as the “world’s risk capital,” Bermuda is a global leader in the insurance and reinsurance markets. It is also a significant domicile for investment funds and banks, attracting world-class expertise to bolster financial market confidence.
Fast-Track Career Progression The transient nature of Bermuda's expatriate workforce provides unique opportunities for fast-tracked promotions. Gaining experience in one of the world’s leading offshore financial services centres will also enhance your CV and open doors to future career opportunities.
A Thriving Expat Community Bermuda is home to a vibrant expat community, particularly within the financial services industry. Each year, many professionals relocate to the island, creating fantastic opportunities to socialise, network, and build lasting professional and personal connections.
Convenient Travel Connections Bermuda offers direct flights to major cities such as London (6 hours 45 minutes), New York (2 hours 30 minutes), Miami (2 hours 55 minutes), Boston (2 hours 15 minutes), Toronto (3 hours), and several other hubs, making it easy to travel internationally.
Ideal Climate Bermuda enjoys a sub-tropical climate with average temperatures ranging from 18°C to 28°C (64°F to 82°F). The warm summers and mild winters provide the perfect conditions for year-round outdoor activities and contribute to a high quality of life.
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Income Tax-Free Earnings* There is no income tax in Bermuda, so you will receive your salary and bonus income tax-free (only a small payroll tax applies).
[*There is no income tax in Bermuda. Instead, a small payroll tax applies. The employee’s portion of this payroll tax is calculated (25/26) on a marginal scale as $0 to $48,000 at 0.5%, $48,001 to $96,000 at 9.25%, $96,001 to $200,000 at 10% and above $200,000 at 11.5% and 12.5%. If you are on a remuneration package of $80,0000, for example, your portion of the payroll tax would be only 4.00% X $80,000. If you earned $100,000 it would be 5.08%; if you earned $120,000 it would be 5.9% and if you earned $240,000 it would be 8.2%. Please note that this is for informational purposes only and does not constitute individual tax advice].
Confidentiality when applying
We act with absolute confidentiality and we completely understand that your current employer might not be aware that you're exploring the job market. When you apply, your application is kept completely confidential from both your current employer and also the hiring company. If we feel you might be a good fit, we'll arrange a call with you to chat through the opportunity in more depth. Only after the call will we request permission to share your CV with the hiring company.
Disclaimer: All personal information collected during the application process will be used for recruitment-related purposes only and only successful applicants will be contacted.
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