Tuesday, 04 June 2019 15:05

My path to becoming an Insolvency Practitioner at AAB

When asked as a child what I’d like to do when I grow up, being an Insolvency Practitioner didn’t immediately spring to mind. In fact, I told people that I wanted to be a vet. This makes sense as I’ve always loved animals, however, I probably would have fainted at the first sight of blood.

As part of my degree I did a module in insolvency law which I found interesting and really enjoyed. We held a mock creditors’ meeting where I was the Insolvency Practitioner, with my peers playing the parts of disgruntled creditors and dodgy Directors. We took it all very seriously, dressing up for our roles and putting on accents. I wore my glasses, a power suit with massive shoulder pads, bright red lipstick and killer heels. It’s funny to think that’s how I pictured Insolvency Practitioners at the time.

After my degree I decided to go down the route of financial advising working for a large insurance company. A part of my role was cold calling where I had to stand for two hours on the phone each day, apparently your voice sounds better when you are standing. After being told off a few times for leaning against my desk I quickly realised this wasn’t for me.

I thereafter joined a Chartered Accountancy firm initially working in their accounts department. The insolvency department was very busy at the time and I was asked to join the team for six weeks to help them through this period. I really took to insolvency work as I found it very interesting learning about different industries and meeting new people. I soon discovered this was what I wanted to do and my six week secondment turned into years where I never left the department. I decided to do my Certificate of Proficiency in Insolvency exam and subsequently my Joint Insolvency exams to become an Insolvency Practitioner.

Now as a Senior Manager in the Restructuring Department at Anderson Anderson & Brown LLP, I enjoy the variety of work and challenges each day brings. A large part of my job involves helping people in financial difficulty by providing them with various options available to enable them to draw a line in the sand with their debts and move on. I also assist people with the recovery of their debts, investigating transactions and directors’ conduct. In addition to this, I help people realise their assets from solvent companies in a tax efficient way. Helping people and managing our department is very rewarding, every day is different, and I am never bored.

Nicola Rollings, Restructuring Senior Manager