International Business in Barbados     Nature, Contribution and CareersJune 12          Outreach Programme      1
OUTLINE•   Overview of the sector•   Contribution to the national economy•   Success Factors•   Careers•   The YOU FactorJ...
Overview of the sectorWhat is international business?- Any Barbados-based business activity that  serves foreign or intern...
Extent of International Business             Originating in Barbados                        • Manufacturing               ...
Hotels                                             Professional Restaurants                                 services:     ...
Attainable Positions     o    Accountant     o    Account Executive     o    Administrative Assistant/Receptionist     o  ...
Attainable Positions     o    Junior Accountant     o    Receptionist     o    Insurance/Reinsurance Actuary     o    Reta...
AccountantJob Profile/Function    Responsible for          Establishing and maintaining a system of financial controls    ...
Accountant Cont’d          Qualifications, Skills & Attributes   A Bachelor’s degree in Accounting and must be pursuing   ...
Attorney-at-Law/Legal CounselJob Profile/Function     Responsible for          Setting up and establishing the various    ...
Attorney-at-Law/Legal Counsel                      Cont’d                      Qualifications          A Bachelor’s Degree...
Corporate Secretary            Job Profile/Function              Organising                 Board of Directors’ and Commit...
Corporate Secretary                    Cont’d          Qualifications, Skills & Attributes    A professional designation s...
Information Systems                            AdministratorJob Profile/Function Assisting with      The management of the...
Information Systems                             Administrator          Primary Responsibilities include:          Trouble-...
Information Systems                     Administrator Cont’d                Qualifications, Skills & Attributes    A Bache...
Investment AnalystJob Profile/Function   Assisting in          Analysis of the investment opportunities          Making wr...
Investment Analyst          Qualifications, Skills & Attributes     A Bachelor’s degree in Finance, Economics or Accountin...
Insurance/Reinsurance Actuary                  Job Profile/Function                    Strategic planning                 ...
Insurance/Reinsurance                             Actuary Cont’d                      Qualifications, Skills & Attributes ...
The YOU FactorYou are important to national development:(Economic development is all about people)• Competition is global•...
Q&AJune 12   Outreach Programme   22
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Outreach programme 2012

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Learn more about some of the careers available in international business in Barbados and the pathways to take to achieve them.

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Outreach programme 2012

  1. 1. International Business in Barbados Nature, Contribution and CareersJune 12 Outreach Programme 1
  2. 2. OUTLINE• Overview of the sector• Contribution to the national economy• Success Factors• Careers• The YOU FactorJune 12 Outreach Programme 2
  3. 3. Overview of the sectorWhat is international business?- Any Barbados-based business activity that serves foreign or international customersJune 12 Outreach Programme 3
  4. 4. Extent of International Business Originating in Barbados • Manufacturing • Banking • Insurance • International Sales, Marketing & Management • Mining • Oil & GasJune 12 Outreach Programme 4
  5. 5. Hotels Professional Restaurants services: International -Accountants -Lawyers Business in BarbadosCar Rentals Sundry Small Businesses -Janitorial Services -Catering Banking & -Security Services Insurance - Approx. -Local Courier Services Services 4,000 employed - Av. Salary $6,000 - Corp. Tax Utilities Real Estate: $240.2 M. (2009)-62.4% -Telecommunications Office & - PAYE -Water -Electricity Residence - NIS June 12 Outreach Programme 5
  6. 6. Attainable Positions o Accountant o Account Executive o Administrative Assistant/Receptionist o Attorney-at-Law/Legal Counsel o Client Accountant o Corporate Secretary o Information System Administrator o Investment AnalystJune 12 Outreach Programme 6
  7. 7. Attainable Positions o Junior Accountant o Receptionist o Insurance/Reinsurance Actuary o Retail Sales Support AdministratorJune 12 Outreach Programme 7
  8. 8. AccountantJob Profile/Function Responsible for Establishing and maintaining a system of financial controls Accuracy and completeness of the Company’s accounting record Presentation of monthly, quarterly and annual financial statementsJune 12 Outreach Programme 8
  9. 9. Accountant Cont’d Qualifications, Skills & Attributes A Bachelor’s degree in Accounting and must be pursuing or have a professional accounting designation which are : ACCA – Association of Chartered & Certified Accountants CGA – Certified General Accountant CA - Chartered Accountant, or CPA – Certified Public AccountantJune 12 Outreach Programme 9
  10. 10. Attorney-at-Law/Legal CounselJob Profile/Function Responsible for Setting up and establishing the various corporate entities Ensuring compliance with the laws under which the Company operates Preparing Legal documents Legal opinions Various reports to the BoardJune 12 Outreach Programme 10
  11. 11. Attorney-at-Law/Legal Counsel Cont’d Qualifications A Bachelor’s Degree in Law and a Legal Education Certificate from a recognized Law SchoolJune 12 Outreach Programme 11
  12. 12. Corporate Secretary Job Profile/Function Organising Board of Directors’ and Committees’ Meetings Recording minutes of meetings Assisting with the annual election of Directors Administering the payment of fees Handling Shareholder relations Coordinating annual meetings Maintaining a list of officers and directors Proposing policies and practices and Submits various reports to the BoardJune 12 Outreach Programme 12
  13. 13. Corporate Secretary Cont’d Qualifications, Skills & Attributes A professional designation such as ICSA (Institute of Chartered Secretaries and Administrators) , OR a law degreeJune 12 Outreach Programme 13
  14. 14. Information Systems AdministratorJob Profile/Function Assisting with The management of the Company’s internal Microsoft and Windows NT networks and server The design, and production of management reports The implementing of all software interfaces needed by the Company. Developing and maintaining the company’s IT system Supporting The company’s IT Manager/Consultant June 12 Outreach Programme 14
  15. 15. Information Systems Administrator Primary Responsibilities include: Trouble-shooting network problems Ensuring minimum downtime Ensuring that all equipment is functioning in an efficient manner Providing training for staff in use of various computer tools and software packages Reports to an IT ManagerJune 12 Outreach Programme 15
  16. 16. Information Systems Administrator Cont’d Qualifications, Skills & Attributes A Bachelor’s degree in computer science, information technology or related discipline A Bachelor’s degree in information technology and certification as a Microsoft Professional.June 12 Outreach Programme 16
  17. 17. Investment AnalystJob Profile/Function Assisting in Analysis of the investment opportunities Making written recommendations using appropriate analysis Ongoing development of Company’s investment policies Preparing Corporate reports Financial year-end and interim reports Presentations Reports to the Investment ManagerJune 12 Outreach Programme 17
  18. 18. Investment Analyst Qualifications, Skills & Attributes A Bachelor’s degree in Finance, Economics or Accounting and enrolled in a professional Securities training programme, OR A Master’s degree in Finance or AccountingJune 12 Outreach Programme 18
  19. 19. Insurance/Reinsurance Actuary Job Profile/Function Strategic planning Ensuring that asset - liability management, accounting and other financial reporting issues are appropriately addressed. Managing the company’s integrity and pricing processes for various transactions Assisting with quarterly financial reportingJune 12 Outreach Programme 19
  20. 20. Insurance/Reinsurance Actuary Cont’d Qualifications, Skills & Attributes Should have a degree in Actuarial Science and be a Fellow of the Society of Actuaries (FSA) Strong knowledge of reinsurance market and regulations is desirable Experience in financial or insurance related roles:June 12 Outreach Programme 20
  21. 21. The YOU FactorYou are important to national development:(Economic development is all about people)• Competition is global• Good professional skills base• Very good communications skills• Right attitude• Commitment to being effective and efficient June 12 Outreach Programme 21
  22. 22. Q&AJune 12 Outreach Programme 22

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