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THE EXCELLENT INSOLVENCY PROFESSIONAL |
Benchmarking against a model of excellence in critical skills
There can be no doubt that insolvency professionals work in challenging circumstances. Insolvency practice is technically complex, highly regulated and often involves emotionally charged situations. Meeting these challenges requires many and diverse skills.
Insolvency professionals often focus their efforts on acquiring technical knowledge, as this knowledge is a prerequisite to them attaining an insolvency licence. This technical knowledge is then maintained through Continuing Professional Education. Technical training provision is generally well catered for within the profession.
As their careers progress, an insolvency professional will become more involved in issues of compliance, risk assessment and practice management. These factors are essential within a well-run, efficient and successful practice. There are many good compliance providers out there who can help you with your compliance systems and the IPA’s risk-based approach to regulation and guidance will support you in your efforts.
The unsung hero of the Excellent Insolvency Professional’s skill set is their critical personal and inter-personal skills. Their ability to behave in ways that maximises the effectiveness of their interactions with others.
Acquiring and developing good critical skills can make the difference between obtaining an instruction or not; the speedy resolution of a difficult negotiation or lengthy litigating; gaining the support of creditors to your remuneration request or receiving a complaint about your lack of communication.
Critical skills are exactly that....critical to your success as an Excellent Insolvency Professional.
Insolvency professionals often focus their efforts on acquiring technical knowledge, as this knowledge is a prerequisite to them attaining an insolvency licence. This technical knowledge is then maintained through Continuing Professional Education. Technical training provision is generally well catered for within the profession.
As their careers progress, an insolvency professional will become more involved in issues of compliance, risk assessment and practice management. These factors are essential within a well-run, efficient and successful practice. There are many good compliance providers out there who can help you with your compliance systems and the IPA’s risk-based approach to regulation and guidance will support you in your efforts.
The unsung hero of the Excellent Insolvency Professional’s skill set is their critical personal and inter-personal skills. Their ability to behave in ways that maximises the effectiveness of their interactions with others.
Acquiring and developing good critical skills can make the difference between obtaining an instruction or not; the speedy resolution of a difficult negotiation or lengthy litigating; gaining the support of creditors to your remuneration request or receiving a complaint about your lack of communication.
Critical skills are exactly that....critical to your success as an Excellent Insolvency Professional.