Within the region, the finance industry has almost always been the most reliable space for professionals to seek work. Whether it is in banking, insurance, or investments and securities, many graduates from secondary school and university programmes have drafted resumes and applied for positions in one of the many financial institutions across the Caribbean. But before one considers applying for a job in one of these storied institutions, prospective candidates should first understand the many career and job options within the industry.
Best companies to work for in Banking, Finance, and Insurance in the Caribbean.
With a clearer understanding of how the industry is shaped, prospective employees can better tackle and appreciate the list of companies best suited for stable career ambitions, and by extension, the roles that these individual companies offer. The following is a list of the most prominent employers within this job sector for the Caribbean (in no particular order):
1. Royal Bank of Canada (RBC)
2. JMMB
3. Sagicor
4. Scotiabank
5. Tatil
6. ANSA Investments
7. Trinre
8. Unit Trust Corporation
9. CIBC First Caribbean
10. Ernst & Young
11. Sheppard Securities
12. Guardian Life of The Caribbean
13. Island Finance
14. First Citizens Bank Ltd
15. Maritime
16. Republic Bank Limited
Careers in Banking, Finance, and Insurance
A job in finance can start from either of two points:
Personal finance
For personal finance jobs, candidates can look to a career path that involves various levels of financial planning. This can start by managing the cash flow of an average household, income and property tax, retirement planning, small loans and investments, and or estate planning.
Corporate finance
With jobs in the corporate finance segment, work can take the form of balancing risk and profitability for government, economics and trends forecasting, stock, funds and portfolio investments, and financial risk management.
Within both avenues of the industry financial careers are basically determined by the scale in which the businesses operate. While some choose to manage smaller portfolios, others may opt-in to larger more complex projects that suit desired career goals.
Jobs roles available in Banking, Finance, and Insurance
With the scope of financial careers intact, there are numerous jobs that candidates may pursue. These applications may be based on entry-level positions all the way up to high-level C-Suite posts. Some common job titles and positions include (in no particular order):
● Auditors
● Cashiers
● Accountants
● Stock and bond traders
● Financial consultants
● Actuaries
● Economists
● Loans Officers
● Brokers
● Insurance salesman and a saleswoman
● Chief Financial Officer
● Head of Revenue
● Financial Comptroller
● Tellers
● Accounts clerk
The finance industry isn’t solely about pushing numbers and calculating obscure figures. It also has space for people with other inherent skills that can include problem-solving, forecasting, trend and data analysis just to cite a few. With that said, it pays not only to know the field but also to know the players! Understanding ensures that candidates would always align new job opportunities with their career goals, sensibly.
