There are regular openings in locations such as the Cayman Islands, Bermuda and the BVI for suitably qualified and experienced accountants to join the Risk Advisory teams of Big Four firms located in these attractive destinations.
There are also opportunities in Internal Audit and Compliance outside public practice; for example, with insurance companies.
What does the work involve?
The work is varied and interesting and will involve leading or being a valued team member on client engagements, that can involve areas such as below:
- Enterprise risk consulting assessments
- IPO readiness reviews
- Governance, regulatory and compliance analysis
- Business process design, implementation and operating reviews
- Production of policy and procedure documentation
- Management of internal audit testing
- Designing, building and validation of financial models
- Identifying new business opportunities
What are the requirements?
As a general rule, you must be a qualified accountant (ACA, CA, ACCA, CPA, CIA, CISA, CISSP, PMP) with excellent technical and communication/interpersonal skills, particularly as you may often be liaising with US-based clients.
In addition, depending on the nature of the role, you may need to have prior experience working on financial service sector, though this is not always a requirement.
Benefits to your career
Opportunities such as this type of position are popular with candidates seeking to explore non-external audit options on the Islands.
Beyond the financial advantages, the really advantageous aspect of this type of role is that you get experience of whole new areas in international financial services, particularly in cross-border work.
Depending on the jurisdiction, you can expect to receive an income tax-free salary paid in US dollars, as well as additional benefits such as a bonus and medical/life insurance, plus full work permit sponsorship and paid relocation.
Many successful candidates will elect to stay longer than the initial two-year standard contract period to develop their career in this tax-free and appealing environment. Employers are keen to encourage such management potential. This means that if you want to stay longer than the initial period (as most do), it’s highly likely to happen.
If you are a lawyer or chartered accountant and interested in working in the Bermuda/Caribbean region, visit our jobs portal to see the latest vacancies. Our site also includes a downloadable All You Need to Know guide which will tell you all you need to know about living and working offshore.