Job Advert: Deputy Port Director – Finance

Description

The Port Authority of the Cayman Islands invites applications for the position of:
DEPUTY PORT DIRECTOR – FINANCE
SALARY GRADE G: KYD $93,192 to KYD $122,268 per annum

The Deputy Port Director – Finance (“DPDF”) is part of the Executive Management team and is accountable for the management of the Finance functions of the Port Authority of the Cayman Islands (“PACI”). The DPDF monitors and tracks progress in the delivery of strategic objectives. The postholder is responsible for overseeing the Finance department operations, ensuring the accuracy and integrity of financial information. The DPDF also manages the completion of key responsibilities relating to budgeting and financial reporting, Finance and Accounting operations, Risk Management and Compliance Management. The DPDF interacts regularly with the Board of Directors and sub-committees and continually updates policies and procedures for Board approval. The DPDF may assume the role of Port Director in their absence, temporarily stepping into the position and fulfilling the responsibilities and duties typically held by the Port Director during the period of their non-availability.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Develops and monitors the strategic plan for the Finance Department in alignment with the vision and mission of the Port Authority.
• Develops the policy and frameworks for managing relationships with industry regulators to ensure regulatory compliance and facilitates positive industry relations and partnerships.
• Evaluates industry, economic, financial, and market trends and develops and implements financial forecasting and budgeting tools and advises senior executives on the financial implications of business activities to support the development and continuous evaluation of short and long-term strategic financial and business objectives.
• Produces and monitors the $60M- $80M annual budget and verifies material variances.
• Monitors cash flow forecasting and projection of financial performance and position and prepares reports to the Port Director, Board of Directors, core government/treasury and the Ministry responsible for PACI.
• Offers financial guidance and oversight for procurement activities of the organisation and serves as the Chair on the Entity Procurement Committee for procurement values exceeding $100,000.
• Oversees the Finance department group and its employees ensuring the team functions effectively and strategically contributes to optimal efficiency of the organisation and recommends changes where necessary.
• Lead on Financial Statement Audit and other special audits and provides financial data to auditors, actuaries, investment consultants, and investment managers as well as gathers information for financial reporting to the Port Director.
• Responsible for overseeing the following monthly activities including the review of bank reconciliations, general ledger transactions, reviewing and signing cheques and approving material online banking transactions and online templates set up.
• Serves as the subject matter expert of IFRS/IPSAS, leading technical discussions and generating concise technical reports on challenging accounting issues.
• Approves budget changes in the relevant system, on the recommendation of the responsible manager and approval of the Port Director.
• Directs the development and monitoring of the Risk Assessment and Risk Mitigation Plan of the Authority and reports on tests and progress made on mitigation.
• Oversees the Compliance functions of the Port Authority ensuring adherence to appropriate Regulations and Acts, internal controls and procedures.
• Monitors and reports to the Board on compliance with standards for industry Associations such as Caribbean Shipping Association, Port Management Association of the Caribbean, and The American Association of Port Authorities (AAPA).
• Prepares reports for the renewal of the Property and all risk insurance and review and assess the policies.
• Collaborates closely with legal counsel to formulate strategies for responding to events, ensuring seamless coordination of legal input into all matters.
• Collaborates with the Audit and Risk Sub-committee of the Board, assuming the role of Secretary.
• Drafts policies for the Board review and approval, encompassing a wide range of subject matters.

QUALIFICATIONS AND EXPERIENCE

• Bachelor’s degree or equivalent in Accounting, or Finance; a Master’s degree in one of these fields is preferable.
• Minimum of fifteen (15) years of relevant industry experience including in-depth expertise in finance and/or accounting.
• Formal training or certification in Port Management is required.
• Internationally recognised accounting designation, e.g., CPA, ACA, ACCA etc. is required.
• Minimum of five (5) years’ experience in general administration management of Ports.
• Experience in accounting, budgeting and executive management experience within the Cayman Islands Government is an asset.

A copy of the full Job Description can be found here.

To apply: Please email a completed Port Authority Application Form along with your resume to jobs@caymanport.com. Applications may also be hand delivered to our Administration Building at 110 Portland Road, George Town. All applications are handled in a confidential manner and in accordance with the Cayman Islands Data Protection Laws and PACI’s Confidentiality policies.

Closing date: 28 October 2024