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Job Title:                     Corporate Finance Manager (CFM)

Reporting to:              CEO

Location:                     Invest TCI Offices – Providenciales

Job Summary:

The Corporate Finance Manager (CFM) is a key member of the Agency team with primary responsibility for ensuring Invest Turks and Caicos has strong internal financial control structure, along with ensuring proper financial reporting, account reconciliation and budgeting.  The CFM works closely with the Manager-Corporate Services to ensure effective internal operations are maintained.

The CFM’s secondary role will be to support the efforts of the Senior VP – Investor Services in attracting new investment to the country by conducting financial due diligence on investment projects, developing and maintaining a financial assessment model for Investor Services Executives and providing advice and support to the team and business clients related to the Micro-Small Enterprises (MSME) Program.

Key Duties and Responsibilities:

  1. Financial accounting and reporting
    1. Ensures that financial accounting systems, including systems for day to day transactions (general ledger, accounts payable, accounts receivable and payroll) cash flow forecasting and management, credit control, and petty cash are accurately and efficiently maintained. Systems should be maintained in accordance with generally accepted accounting principles (GAAP) and/or IFRS.
    2. Ensures that supporting information for all financial transactions is documented, accurately and properly filed and compliant with all financial provisions of the relevant ordinances and statutory requirements.
    3. Ensure costs and revenue are recorded and reported accurately, timely, and completely in accordance with financial assertions;
    4. Ensure that costs and revenue are incurred and managed in accordance with the terms of the approved budget;
    5. Ensure that Invest Turks and Caicos complies with all financial provisions of the relevant ordinances and statutory requirements particularly the Public Procurement Ordinance and the Public Finance Management Ordinance.
    6. Ensure records, transactions, events, activities and other performance indicators accurately, timely and completely in accordance with performance measure assertions, if any.
    7. Ensures the reconciliation of bank and investment accounts monthly, including monthly supplier reconciliations, review of overdue accounts receivables, updating the accrual and prepayment schedules and calculation and recording of depreciation expense.
    8. Ensure that monthly and quarterly financial reports for management, the Board and TCIG are accurately and timely prepared in accordance with applicable standards.
    9. Make recommendations to the management and the Board on potential areas to reduce expenditure or increase revenue where over run or short falls are noted, respectively.
    10. Ensures the completion and maintenance of the Fixed Assets Register.

 

  1. Budget Preparation
    1. Collaborate with the CSM to support the preparation of the annual budget using a “Zero Based Budget” approach, in consultation with the CEO, Board of Directors and Invest TCI team.
    2. Ensure alignment of the KPI’s with available resources

 

  1. Project Analysis
  2. Develop, implement and maintain system for conducting proper financial due diligence on domestic and foreign investors.
  3. Develop/implement a financial model for investment projects that will allow for rapid review of projects and conduct of sensitivity analysis to detect project risk.
  4. Develop templates that can be used by Investor Services Executives (ISE) to compare project costs to socio-economic benefits.
  5. Review financial information contained in complex project proposals assigned by the SVP and comment on the financial viability of the investment as presented by the proponents.

 

  1. Micro, Small & Medium Enterprises
    1. Monitor compliance of grant agreements with the Center for Entrepreneurial Development (CED) to provide Government funding towards the work of the not for profit entity.
    2. Provide oversight on financial analysis of MSME Business Plans.

 

  1. Other Related Business
    1. Undertake any related activities required by the Agency as requested by the CEO, SVP.

 

PERSONAL SPECIFICATIONS

Education and qualifications:

University degree or equivalent in Accounting, Finance, or equivalent

 

Chartered Accountant, Certified General Accountant, or Certified Management Accountant designation is an asset.

Experience and Knowledge:

  1. Detailed knowledge of generally accepted accounting and internal control principles.
  2. Strong analytical, problem solving and decision-making skills to evaluate alternatives and provide recommendations on business issues.
  3. Minimum five years senior accounting experience in a public or private company environment.
  4. Significant experience in conducting due diligence and financial analysis on development projects and in supporting entrepreneurs.
  5. Proficiency in the use of various computer programs, including: Accounting (Simply Accounting),Word processing (MS Office), Spreadsheets MS Office), Project Management (Visio)

 

Skills:

  1. Strong track record of competency in current and previous employment.
  2. Excellent Leadership Qualities
  3. Strong Writing and presentational skills.
  4. Excellent Communication and interpersonal skills.
  5. Excellent skills in MS Word, Excel, PowerPoint and Outlook
  6. Ability to work in a team environment and manage time effectively
  7. Commercial awareness.
  8. Ability to maintain confidentiality

Personal Qualities:

  1. Open and engaging demeanor.
  2. Able to generate and share ideas.
  3. Hands-on approach.
  4. Willing to take personal responsibility
  5. Able to win trust and personal credibility
  6. Persistence and personal resilience.
  7. Willingness to personally deliver quality to business clients.
  8. Willingness to understand different cultures, lifestyles, and associated points of view.
  9. Willingness to understand the values associated with small communities.

 

Other Requirements:

  1. Fluent English
  2. Willingness and ability to travel by air, land, and sea.

 

Salary and Allowances:

Negotiable in a range from $60,000 to $70,000 depending on education and experience.

 

 

Deadline Date for Applications

The deadline date for applications is August 27, 2021, Turks, and Caicos time.

 

Application Procedure

Interested persons should submit a resume, along with their contact information, cover letter, two letters of reference (one preferably from a former employer), copies of educational certificates, a Police Certificate, and a copy of the Passport photo page.

 

Applications can be submitted by courier or delivered directly to Invest Turks and Caicos at Unit 2D, Courtyard Plaza, Providenciales, Turks and Caicos Islands, prior to the deadline. The application should be addressed to The CEO (Acting) – Invest Turks and Caicos and envelopes should have the words “Corporate Finance Manager” clearly marked on the front.

Alternatively, applications can be emailed to dastwood@investturksandcaicos.tc .The subject line in the email should read “Corporate Finance Manager

 

We thank all applicants for their interest. However, only persons selected for an interview will be

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Bahamas News

Mother’s Pride Headlines Bahamian Takeover at Sixers-Heat Clash in Miami

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The Bahamas, March 30, 2026 – The voice of a proud mother captured the spirit of a nation Monday night, as Bendra Rolle shared heartfelt reflections on the overwhelming Bahamian support for her son, VJ Edgecombe, during the Philadelphia 76ers matchup against the Miami Heat in Miami.

“The patriotic support and scenery at my son, VJ Edgecombe’s NBA game… was overwhelming,” Rolle said in a statement issued following the game. “The arena in Miami was lit. Bimini and the Bahamas showed up and showed out.”

Her words come amid what has already been widely described as a remarkable showing of national pride, with Bahamians traveling in large numbers to South Florida to witness the young guard’s continued rise. For Rolle, however, the moment extended far beyond basketball.

“Beyond VJ’s basketball talents, I’m so moved by his magnetic personality and personal journey to inspire and excite an entire nation—our beloved Bahamas,” she said. “I thank God for VJ’s humility and for his hunger for greatness. He never forgets how far God has brought us.”

While the Sixers did not secure the win on the night, Edgecombe delivered a solid individual performance, finishing with 13 points and five assists. He made an early impact on the game, showing confidence and poise before foul trouble disrupted his rhythm, but still managed to leave his mark in meaningful minutes.

The game itself evolved into a cultural showcase, with Bahamian flags waving throughout the arena and chants ringing out in support of Edgecombe. Much of that presence was bolstered by a coordinated travel push from Bahamasair, which helped facilitate fan travel and added to the electric atmosphere in Miami.

Rolle said the emotional weight of the moment was deeply felt by her family, as they witnessed firsthand the unity and pride of the Bahamian people.

“Thanks and love for the tears and overwhelming joy on Monday, Bahamas,” she expressed. “The Bahamian flags were love, loud, and proud. On my own behalf, VJ, and the entire family, I am ever grateful for the indescribable experience.”

Her closing words underscored what many have described as the true victory of the night—not the final score, but the powerful display of national pride and support surrounding one of The Bahamas’ rising stars.

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News

50 Years of Ministerial Government: Cabinet Moves to Mark Milestone Rooted in 1976 Constitution

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Turks and Caicos, March 30, 2026 – The Turks and Caicos Islands is preparing to mark a major political milestone, with Cabinet approving the establishment of a National Commemorative Committee to celebrate 50 years of ministerial government, a system first introduced under the 1976 Constitution.

The decision, confirmed in the February 10 Post Cabinet statement, signals a year of reflection on a governance model that fundamentally reshaped how the country is run — shifting from direct colonial administration toward locally led political leadership.

That shift was formalized in the Turks and Caicos Islands Constitution Order 1976, which laid the legal foundation for ministerial government and introduced a structured Executive and Legislative system.

At its core, the 1976 Constitution established an Executive Council, bringing together:

  • a Governor,
  • a Chief Minister elected by members of the Legislative Council,
  • and Ministers appointed to assist in governing the Islands.

A Very Different Government Back Then

If today’s Cabinet feels crowded, the 1976 version would have seemed almost unbelievable. There were just three Ministers serving alongside the Chief Minister — a tight, compact leadership team responsible for the affairs of an entire country. No sprawling list of ministries, no long roster of portfolios — just a handful of individuals carrying the weight of governance.

Becoming a Minister wasn’t a direct vote of the people either. You first had to win a seat in the Legislative Council, and from there, the Chief Minister would recommend who should serve. The Governor then made the appointments. In other words, political trust and alignment mattered just as much as public support — and ultimate authority still rested above the local leadership.

And as for job security? There wasn’t much of it. Ministers served without fixed terms and could be removed if they lost their seat, resigned, or if the Governor revoked their appointment. Even the Chief Minister could be ousted through a vote of no confidence. Add to that the basic requirements — being at least 21, a British subject, and meeting residency rules — and it’s clear that ministerial government in 1976 was not only smaller, but far more tightly controlled.

This marked the first time elected representatives were formally given defined roles in the administration of national affairs.

Under the Constitution, the Governor retained overarching authority, but was required in many instances to act on the advice of the Executive Council, particularly in shaping policy and overseeing government operations.

The Chief Minister, meanwhile, was positioned as the central political leader, responsible for directing government business and advising on the appointment of Ministers.

Importantly, the Constitution also allowed for the assignment of responsibilities to Ministers, giving them oversight of specific areas of government — a structure that remains at the heart of today’s Cabinet system.

Section 13 of the Order made clear that Ministers could be assigned responsibility for the administration of departments or government business, embedding accountability and functional governance into the system.

The Legislative Council, established alongside the Executive, provided the law-making body, with elected and appointed members participating in debates, passing legislation, and representing the interests of the Islands.

Together, these provisions created the framework for what is now recognized as ministerial government — a hybrid system balancing local political leadership with constitutional oversight by the Governor.

The explanatory note of the 1976 Order describes it as introducing “new provisions for the Government of the Turks and Caicos Islands,” including the creation of a Legislative Council with elected members and Ministers appointed on the advice of the Chief Minister.

Fifty years on, that structure has evolved through subsequent constitutional changes, but its foundation remains rooted in the 1976 framework.

Cabinet’s decision to establish a commemorative committee suggests that the anniversary will not only celebrate political progress, but also invite reflection on how effectively the system has delivered on its promise of representation, accountability, and governance.

As the Islands approach this Golden Jubilee, attention is likely to turn not only to the achievements of ministerial government, but also to the ongoing question of how the system continues to serve a modern and rapidly developing Turks and Caicos Islands.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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News

Government Moves to Amend Destination Management Fee Law

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Turks and Caicos, March 30, 2026 – The Turks and Caicos Islands Government has signaled changes to its tourism funding framework, with Cabinet approving draft amendments to the Destination Management Fee Act 2023.

The decision was confirmed in the Post Cabinet statement following the February 5 meeting, chaired by Governor Dileeni Daniel-Selvaratnam, where members agreed to move forward with revisions to the law governing the collection and administration of the fee.

The Destination Management Fee, introduced in 2023, is applied to travelers entering the country and is embedded within the cost of travel. The charge was designed to support tourism-related development, including marketing, infrastructure, and sustainability initiatives.

At the time of its introduction, the fee was linked to the establishment of a Destination Management and Marketing Organisation (DMMO), which was expected to coordinate tourism strategy and enhance the visitor experience.

However, recent developments have shifted that landscape.

The DMMO has since been discontinued, raising new questions about how funds generated through the fee are being managed and what structure will now guide tourism development efforts.

The Cabinet note does not outline what specific changes are being proposed under the amended legislation.

It also does not indicate whether adjustments will be made to:

  • who pays the fee,
  • how it is collected, or
  • how the revenue is allocated and overseen.

The move to amend the law comes amid broader government efforts to strengthen revenue collection and compliance, including updates provided to Cabinet on the work of the Drag-Net Steering Committee — a multi-agency initiative focused on improving government revenue systems.

The lack of detail surrounding the amendments leaves several key questions unanswered, particularly given the fee’s direct impact on both visitors and residents and its role in supporting the country’s tourism economy.

Any changes to the Act would require further legislative steps, including presentation to the House of Assembly, before taking effect.

For now, the Cabinet’s approval signals that the government is moving to revise a policy that is already in force — but without yet disclosing how those revisions will alter the current system.

As tourism remains the backbone of the Turks and Caicos Islands economy, clarity on the future of the Destination Management Fee — and the framework it supports — is expected to be closely watched in the weeks ahead.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

Photo Credit: TCIAA

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