Job Vacancies

Employment opportunities will be listed as they become available. Please contact us if you wish to post a job listing.

 

VACANCY: ASSISTANT MANAGER, BANKING AND INVESTMENT ADMINISTRATION

With assets under administration of US$1.8 billion, Cidel Bank & Trust Inc. is the largest privately owned international bank and trust company in Barbados, providing banking and investment services to clients around the world. 

We are seeking an Assistant Manager, Banking and Investment Administration to provide supervisory and administrative services for the banking and investment activities of the Bank’s operations. 

 The key responsibilities of this role are to:

  • To establish new relationships and maintain existing relationships with brokers, custodians, administrators and fund managers on behalf of the Bank.
  • To supervise the maintenance of broker and custodian accounts, ensuring that the reconciliations and cash management of these accounts are performed within the standards of the Bank.
  • To supervise the monthly fund and currency forward contract dealing, ensuring the accurate and timely settlement and processing of these trades and other banking and investment related transactions.
  • To co-ordinate the transfer and re-registration of securities between custodial and broker accounts on behalf of clients of the Bank as required.
  • To supervise the generation and the distribution of monthly and quarterly client statements in collaboration with the head of department
  • To provide reports as required by management to perform analysis of the Bank’s investment activities.
  • To supervise the recording and the reconciliations of the trailers payments from fund managers and the commission payments to agents on a monthly and quarterly basis.
  • To assist in the design and implementation of operational policies and procedures of the department.
  • To manage projects relating to risk management , controls and operational efficiency of the department as assigned by the A.V.P of the department
  • Any other related or ancillary duties as required.

 To be a suitable candidate you must have the following skills and qualifications:

SKILLS

  • Professional commitment to excellence.
  • Logical, analytical and pro-active thinker.
  • Excellent oral and written communication skills.
  • Maturity and discretion to handle confidential matters.
  • Meticulous attention to detail.
  • Ability to work independently on projects

QUALIFICATIONS

  • An Undergraduate degree in a business related field and six years relevant work experience in the banking and finance industry OR nine years relevant work experience in the banking and finance industry.
  • Knowledge of financial markets and instruments would be an asset
  • A high level of computer literacy with advanced knowledge of Microsoft Office products, specifically Word, Excel, PowerPoint, and Outlook in a Windows environment.
  • Successful completion of the Canadian Securities Course or Certificate in Mutual Funds would be an asset.

Applications should be received by Friday, February 24, 2012

via email to: employment@cidel.com

 

VACANCY: PORTFOLIO ADMINISTRATOR

Dancap Bank is recruiting a Portfolio Administrator. 

The Portfolio Administrator will report directly to the Senior Investment Manager.  The incumbent is expected to participate in the Bank’s investment activities and will primarily be responsible for processing transactions including pricing of securities, entering transactions into Moxy, Axys and other applications.  Additionally the role will require the preparation of various management and risk reports.  The incumbent will also participate in projects that involve economic and market research. The incumbent must have a strong attention to detail, a familiarity with data entry, be comfortable learning computer applications, possess a keen sense of process and controls and be able to identify priorities in order to maximize efficiency and workflow. The incumbent must also possess the following attributes:

A relevant University Degree from a recognized university

  • Strong communication and inter-personal skills.
  • Strong report writing skills.
  • An ability to work effectively in a team environment.
  • Ability to work alone with little supervision.
  • Strong organization skills and the ability to multi-task.
  • Possession of time management skills.
  • Ability to work in a deadline oriented work environment.

Dancap Bank (Barbados) Inc. was incorporated under the laws of Barbados in October 2003, and received its licence in January, 2004. Its objective is to provide attractive, long-term investment performance through active investment risk management. Dancap Bank offers opportunities for professional and personal development and a chance to work in an environment with a highly skilled and motivated investment team.

Contact: dtreasure@dancapbank.com

Closing Date: February 29, 2012

 

VACANCY: ACTUARY

Manulife Financial is one of the largest life insurance companies in the world.  Our financial discipline and record of strong operational performance over time have resulted in our key operating subsidiaries having among the highest ratings in the insurance industry from Moody’s, A.M. Best, Fitch, DBRS and Standard & Poor’s (S&P).

Job Summary:

Key Accountabilities:

  • Prepare capital forecasts and plans.
  • Support/Manage the pricing processes/methods
  • Keep up to date on the valuation and capital standards for products with embedded options.
  • Validating the appropriateness of models, pricing methodologies and assumptions
  • Interact/negotiate with senior management of other Manulife business units in Asia and the US, structuring transactions either on a structured or full risk basis for VA and other lines of business, ensuring that ALM, tax and accounting issues are appropriately addressed and appropriately documented.
  • Monitor the ongoing performance of the in-force transactions by reviewing quarterly earnings submitted for the transactions.
  • Support the preparation of the quarterly Board Books for the subsidiaries
  • Assist with the management of the ALCO and Investment Committees. Oversee the creation of the monthly and quarterly materials and meeting minutes
  • Support the quarterly financial reporting for the P&C business
  • Support/Lead the annual P&C New Business and Operational Plan 

Requirements/Qualifications:

FSA/FCIA with 4+ years of relevant industry/company experience.

  • Self-starter, ability to work independently and lead a small team of actuarial professionals effectively.
  • Strong communication skills and the ability to influence and build relationships with other teams.
  • Strong relationship building skills to build effective working relationships with divisional and corporate leaders.
  • Creative problem solving and the ability to motivate others to implement new solutions.
  • Good knowledge of IFRS and CGAAP accounting principles.
  • Excellent understanding of actuarial principles and strong professional judgment with advanced analytical, problem solving and technical skills.
  • Detail oriented with ability to learn new concepts and their application quickly.
  • Strong leadership skills with the ability to influence the decision making of others not directly under his/her management.
  • Working knowledge of MCCSR/ECaR requirements.
  • Working knowledge of stochastic modeling for products with embedded options.

Please send your CV to norma_seale@manulife.com

Applications close Wednesday, February 29, 2012

Only Qualified persons will be contacted.

 

VACANCY: REAL ESTATE AGENT

ASK Real Estate & Financial Services Inc has the following vacancy open to suitably qualified and or experienced individuals.  We operate with a results oriented focus, a “pay for performance” compensation and reward ideology and will provide a challenging, meaningful and rewarding career to the right individual.

We are growing and seeking to recruit a dynamic Real Estate Agent to join our team.  We expect the selected individual to service and grow our portfolio of local and regional properties and clients from our offices in Bridgetown and at Sunset Crest.

The ideal candidate will be confident, self-motivated and exhibit high energy and drive and be a registered real estate agent or pursuing registration.  Membership in the Barbados Estate Agents & Valuers Association Inc (BEAVA) will be considered an asset.  Of key importance will be the ability to interact with our clientele in an articulate and professional, yet friendly manner in order to effectively initiate and close sales.  The individual must be capable to work independently on his or her own initiative and possess above average computer, verbal and writing skills.  The ideal candidate will have experience in the area of sales or in the real estate and or hospitality industry.  Own or access to transportation is necessary to perform the duties of this post.

An attractive remuneration package including salary and commission will be offered to the suitable candidate, commensurate with experience and proven ability.

Applications including a recent resume and two contactable references are to be sent to:

ASK Real Estate & Financial Services Inc.

2nd Floor Trident House, Bridgetown, Barbados.

Tel. (246) 426-0420 OR emailed to:

albert.scheper@askbarbados.com

Unsuitable applications will not be acknowledged

 

VACANCY: ADMINISTRATOR/ACCOUNTANT


First Provider International requires a professional skilled in customer service, administration of detail with good working accounting experience. Managing multiple responsibilities throughout any given day, determining priorities and coordinating alongside global clients and suppliers is a service standard we need from a dedicated and conversant person to get the job done without fail. This requires a strong emphasis on accurate document preparation, managing a series of ongoing day to day crucial activities for product deliveries and reporting requirements within administrative systems and financial accounts.

This is a job for a motivated, accurate and organised individual to manage multiple activities and meet deadlines.

The candidate should be in final year of a recognised accounting program and have suitable international experience preferably working with an international business or abroad. Demonstrated experience with accounting systems, various administrative systems and Microsoft Office are key fundamental requirements. A firm knowledge of international trade, banking transactions and delivery of goods globally would be an asset along with technical skills of shipping, document preparation and reporting. Communication and interpersonal skills both written and spoken are required. Time management with responsibility for management of concurrent and varied tasks requires a dedicated person clearly conversant with the tasks that can solve any problem.

This is a full-time position in a varied environment. We are a proactive service company which recognises clients are the reason we are here. First Provider as a dedicated financial services provider of expert solutions to demanding clients needs suitably same persons to help us succeed.

Qualified candidates should submit their application along with a detailed resume and two business references to jobs@fpi.bb. We thank all applicants for their interest; however we wish to advise that only those candidates selected for an interview will be acknowledged.

FIRST PROVIDER INTERNATIONAL

 L'Horizon, Gunsite Road, Brittons Hill, St. Michael, Barbados

Tel +1 246 437-3835 | Int'l Fax/Msg +1 246 431-9748 | steve@fpi.bb 
 

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TREATIES

BUSINESS FACTS

Investing in Barbados

Non-national investors will need to submit an application for permission to invest in Barbados to the Exchange Control Authority (ECA). The functions of the ECA have been delegated to the Central Bank of Barbados and are carried out by the Foreign Exchange and Export Credits Department of the Bank.

The applications are usually submitted by the applicant or their professional advisor prior to the execution of the transaction contemplated, for permission "in principle". This permission is readily granted, especially if employment in Barbados will be created, but usually states that the permission is subject to the remittance to Barbados of foreign currency and that evidence of the remittance be submitted to the ECA. Once permission in principle is obtained the transaction is completed and evidence of the foreign remittance submitted to the ECA; the amount of foreign currency becomes registered with the ECA. The certificate of registration of these funds is an important document as it must be presented at any time in the future that the investment proceeds are to be repatriated from Barbados.

The investment vehicle or business in which the non-national has invested is treated as resident and all transactions in foreign currency will be subject to exchange control permission or guidelines under delegated authority to the commercial banks. In certain circumstances when a business earns foreign exchange a commercial bank may open a foreign currency account in Barbados for the business. The commercial bank is required to monitor the transactions on the account in accordance with the guidelines issued by the ECA from time to time and to submit information on the transactions.

Non-national investors or corporations controlled by non-nationals are generally required to finance their operations from sources external to Barbados. Where a significant project is being undertaken in Barbados that will create employment and foreign exchange earnings the ECA will consider applications for permission for financing arrangements that vary from the general requirement.

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BECOME A MEMBER OF BIBA

Become a Member

The Barbados International Business Association (BIBA) is a not-for-profit private sector trade organisation.  It provides a network for meetings and exchange amongst persons involved in international business.  BIBA serves as a growing voice in the development of international business in Barbados and has over 170 member firms at this time.

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FREQUENTLY ASKED QUESTIONS

What is the minimum capitalisation required for an international business company?

For an exempt insurance company the minimum capital requirement is US $125,000; for a company licensed under the International Financial Services Act: US $2 million for a company accepting third-party deposits; and US $500,00 for a company not accepting third-party deposits.

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