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Finance in the Sun: Accounting Jobs in the Caribbean

Apr 3, 2008
It may fly a little under the radar for most job seekers in the Caribbean that there is a huge finance and accounting industry among the chain of islands down there. But if you think of the stereotyped "offshore" accounts and tax shelter notoriety of the region, made famous by political suspense and spy thriller movies, it may not be so much of a stretch to believe this. And indeed there is a good deal of offshore accounts from mainland nations, however being a little bit more legitimate that what you might have seen in the latest Bond movie. This article will go over some of the industry details and demand for this sector and what may be entailed in an island setting.

Sampled Money Management Jobs in the Caribbean

The demand, like in most industries, is particularly geared to those who've been around the block a bit. Experience is really going to give you the edge when it comes to landing a job in the finance department at some firm. But if you are a newly graduated with a CPA for example, there may still be an opening for a beginning account manager.

Financial accountants might expect to have some knowledge in how to manage portfolios of companies in the private sector. It would include reporting to each client's head office with updates. So there may be a good deal of work beyond the numbers, which involve contact with your company's clientele. A little snippet of entertaining is also good to know, since the clients you may handle will probably come to the island for routine board meetings and need someone to tour the island on the downtimes.

Banking and finance workers need to be pretty savvy with insurance policies. So along with those who know how to manage accounts and money flow, knowing insurance and risk are big too. Actuaries are often sought. Offshore insurance agencies may have openings for this position for those who have ACAS, FCAS or FIA experience usually with underwriting or assessing risk with property and finite transactions.

Since offshore banks often do not report earnings or deposits to mainland nations, the U.S. in particular, many offshore trusts are set up by private banking clients. If you have experience as a trust officer, it may be worth your while to look into openings there.

Jobs in the Caribbean are not without tradeoffs from your regular life, but the perks are quite good. Obviously a quality of life factor is improved, especially for those seeking out more sun in their lives. And often the companies in banking and finance, if they decide to hire, will foot the expense of relocating you.
About the Author
TropicJobs (http://www.tropicjobs.com) is a source for those who seek jobs in the Caribbean. They provide job listings, informative island information and friend's forum for the hopeful mainland-to-island transplants. The author, Art Gib, is a freelance writer.
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