The Eastern Caribbean Partial Credit Guarantee Corporation is seeking to fill the following positions: Accounting Officer

Background

The ECPCGC was established by the Member Governments of the Eastern Caribbean Currency Union (ECCU) to increase the availability of financing to promote the creation, expansion, modernization, and improvement of micro, small, and medium enterprises (MSMEs).

The statutory objectives of the ECPCGC are to:

a. Assist in promoting economic growth and development in Member Territories by administering the Credit Guarantee Scheme to increase access to finance.

b. Offer credit guarantees to Participating Lenders in respect of Qualifying Enterprises.

c. Enable Qualifying Enterprises to access loans from Participating Lenders with the intention of:

i. Strengthening the confidence of Participating Lenders in providing loans to Qualifying Enterprises; and
ii. increasing the ease with which loans can be accessed by Qualifying Enterprises from Participating Lenders.

TERMS OF REFERENCE

ACCOUNTING OFFICER

APRIL 2025

1. Purpose of the position

The Accounting Officer is responsible for working with the CEO and CFO to assist with the day-to-day financial operations of the guarantee scheme. As the scheme continues to grow, the time necessary to keep track of the financial operations of the ECPCGC will increase. The Accounting Officer will assist the CFO by preparing reports, maintaining the financial model, tracking the reports from the brokerage firm and any other assignments from the CEO and CFO. The Accounting Officer reports directly to the Chief Financial Officer (CFO) and will closely work with all other departments, including participating in the continuity of operations exercises.

2. Main responsibilities

The key responsibilities of the Accounting Officer will be, but not limited to, the following:

- Assisting with locating and analysing investment opportunities for the institution.

- Ensuring that reports are received from the brokerage accounts monthly and file the reports. Organize the reports for presentation and review by the CFO.

- Assisting the CFO with the cash prediction model for the following 90 days. Assist the CFO in determining the source of the cash that will be used to pay these obligations.

- Reviewing invoices before approval by the CFO and match the invoice against the purchase order or other paperwork authorizing the expenditure.

- Preparing invoices for issuance to the PLs for approved guarantees.

- Assisting in the review of financial statements on applications submitted for guarantees. Calculate standard ratios if the participating lender has not included those ratios in the application.

- Interacting as directed by the Senior Officer with the Participating Lenders (PLs) if additional information is needed for an application for guarantee. - Maintaining the financial model and updating quarterly to replace projected activity with actual activity.

- Communicating with the PLs regarding any issues related to payment of claims for default. This includes seeking additional information from the PLs and working with the PLs until the claims process is completed.

- Recommending procedural, process, and policy changes that will improve the efficiency of the financial management of the scheme.

- Working with the accounting service providers hired for each island as needed, including facilitating referrals to the firms and reviewing invoices for approval by the CFO.

- Working with the marketing personnel as needed and reviewing invoices for work completed before submission for approval by the CFO.

- Assisting with PL oversight activities including onsite file review and development of reports on the lender oversight process.

3. Contract duration

- The contract term is three years renewable upon satisfactory performance. There will be a 3-month probationary period before confirmation.

4. Professional, academic qualifications and experience

- A Bachelor’s degree is required, preferably in accounting, finance, business administration or other related field.

5. Experience shall include but not be limited to the following:

- A minimum of 5 years’ experience in the financial services sector.

- Ability to work under minimal supervision.

- Excellent oral and written communication and interpersonal skills.

- High level of creativity and innovation.

- Good planning and organisation skills.

- Excellent analytical skills.

- Good problem solving and analysis skills.

- Excellent relationship building and networking skills.

- High customer service orientation.

- Results-oriented, self-driven.

For further information, please get in touch with ECPCGC at  info@ecpcgc.org

Please apply to info@ecpcgc.org by Friday, May 9th, 2025, quoting the position for which you are applying in the subject line.