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You're looking for senior leadership or entrepreneurial job roles.

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  • SKILL LEVEL:
  • Expert

Corporate recovery professional

What is a corporate recovery professional and what do they do?

The role of a corporate recovery professional is to work with a company to return it to a stable financial situation and allow it to continue trading.

In the case of insolvency, corporate recovery professionals can also act as administrators. Administrators have specific responsibilities to creditors, and in the first instance will take control of the company with a view to business rescue. Their role is to realise the highest returns for all creditors if it is not possible to turnaround the business. If this also fails, they must attempt to achieve a better result for creditors than if the company had been liquidated.

Corporate recovery can be an exceptionally varied profession. A role in this field can require the vision to understand the business and determine strategies to turn the company around (for example, ceasing to trade in loss-making areas of the organisation) and the consultancy expertise to apply organisation and process change. It can demand the robustness to deliver challenging news when restructuring headcount with the versatility to act as a corporate finance professional when refinancing, restructuring debt or disposing of underperforming subsidiaries.

Capabilities

While the accountancy profession offers diverse career options and paths, the core capabilities required to perform at the highest standards remain the same - irrespective of skill level or job role.

Collaboration Digital Drive Ethics Expertise Insight Sustainability
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to succeed at this level

Continuing professional development at ACCA

A commitment to life-long learning is a vital part of your ACCA membership; it unlocks the full potential of your career choices - and drives forward the profession.

We deliver a wide range of CPD resources tailored to different areas of expertise - and an ever-changing profession. Our, and your, commitment to quality CPD ensures you will have the most up-to-date skills to perform at the highest standard. 

So, get started (or restarted) and take a look at our curated list of the most relevant CPD resources to secure and succeed in this role.

units 1.5

Online course

Negotiation

Accounting professionals often engage in negotiations, including with partners, vendors, contractors, suppliers, customers, potential employees and hiring managers.
This course will give you the tools you need to effectively prepare, carry out and conclude those negotiations successfully.

This course will take about an hour to complete.

Book now
(Member discount)

Online course

Certificate in Business Valuations

ACCA and the Conseil Superiéur Ordre Des Experts-Comptables (CSOEC) have collaborated through a strategic partnership to develop the Certificate in Business Valuations: a high-quality specialist qualification requested by qualified accountants, finance business professionals and employers globally.

The certificate has been created to cover all business valuations from small to listed companies. It has been designed to appeal to small- to medium-sized practitioners, as they are the most likely to need to develop, validate or refresh their knowledge and application of business valuations, but the certificate will suit those who:
 

  • are new to business valuations or are planning to work in the field
  • are currently working in the field and want to further their understanding
  • are seeking a top-up to an existing professional accountancy qualification
  • have an educational or vocational background in business valuations and are hoping to gain formal recognition for their knowledge and skills but don’t currently hold a professional accountancy qualification.
Book now
(Member discount)
units 5

Online course

Budgeting and forecasting 5 course pack

This five-course pack from BPP will help you get more confident with the basics of budgeting. Most business professionals, irrespective of what department or role they have, are likely to be involved at some level with budgets. This pack will ensure you know the basics, and understand how to forecast to support your business. 

By completing this pack, you will gain a better understanding of:  

  • the basics of budgeting 
  • how to prepare and manage budgets 
  • how to compare the budget against actual performance 
  • forecasting techniques and how to use Excel to make your budgeting life easier. 
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Find more CPD resources on ACCA Learning

How does the ACCA Qualification support this job role?

From a combination of exams, ethics and experience, the ACCA Qualification will boost your employability and performance at every stage of your career journey.

Here we have listed some elements of the ACCA Qualification that will help you perform at the highest standard in this job role.

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