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We'll find the perfect accounting & finance job for you.
If you are a chartered accountant or finance professional looking for an exciting new adventure, then you've come to the right place.
At Island Paradise Recruitment, we are in search of the brightest finance professionals to place into exciting roles in the Cayman Islands. We also provide our services if you are already employed in Cayman and looking for a move on-Island.
For us, our passion is matching great people with great jobs. We are totally honest and upfront with both you and the employer and will only recommend you where we think you and the employer will be happy.
The best part is that as a job seeker our services are totally free. We will do the hard work for you in-terms of finding exciting job openings along with CV and interview assistance and you won't have to pay a penny. Call us now on 0330 043 4942 to find out more.
We've provided a list of typical jobs (for active listings, please see the job openings page). Scroll down to read more.
Top 10 Accounting Firms
The top 10 accounting firms are large employers in the Cayman Islands mainly focusing on the asset management and captive insurance. Previous asset management or insurance audit experience is generally required to successfully secure a position. With the recent introduction of the Private Funds Law, 2020, the number of funds requiring an audit have grown substantially and the opportunities for career progression are better than ever.
Audit
The most commonly available roles are audit senior associate/supervisor/senior roles within asset management (largest volume of roles) and captive insurance (second largest volume of roles) industries. Previous asset management or insurance audit experience is advantageous to successfully secure a position. Most successful candidates will have top 10 / big 4 experience and be qualified chartered accountants (can be recently qualified). For managerial roles, successful candidates are often already at the manager level working on asset management or insurance audits in a large financial centre (London, Dublin, New York, Shanghai, Singapore, Hong Kong etc).
For full details, please get in touch.
Tax
Most of the tax roles require a minimum of 2 years’ experience in the field of US taxation (UK taxation would not qualify) and you must demonstrate an understanding of the preparation of US partnerships and corporations tax returns. If you specialize in tax reporting for investment funds, property and casualty insurance or international executive taxation, then this would be a bonus, but not required. Membership with a recognized accountancy / tax body is generally held by successful candidates along with top 10 / big 4 experience.
For full details, please get in touch.
Advisory
There are a wide variety of jobs which fall under the advisory umbrella. We’ve listed a few common ones here:
Corporate insolvency and restructuring - These roles normally require: 3 years in a similar position within a top 10 accounting firm, advisory firm or boutique restructuring & insolvency firm; recognized professional accounting designation (ACA, CA, ACCA,CPA etc); financial services industry experience is not mandatory for senior associate roles, but will be for managerial roles. The level of experience required for managerial roles is normally 5 years +.
Actuarial services - jobs in this area normally require: a professional actuarial designation with an internationally recognized actuarial society; and 4+ years experience in general property/casualty and/or life insurance fields including experience with actuarial reserving and funding methodologies. The positions are often managerial, so you will be required to manage multiple projects and be comfortable in client related settings.
Financial risk management - This position requires strong knowledge of fixed income, equity valuations, derivative instruments, private equity, hedge funds and financial markets. This position also requires working knowledge of accounting and auditing requirements with respect to fair value measurement of financial instruments. Successful candidates are either studying of have fully completed one of the following: CFA, FRM or CQF.
Financial statement presentation – experience preparing funds’ financial statements mainly under US GAAP is generally required. IFRS knowledge in relation to funds' financial statements would be a bonus. A professional accountancy qualification and big 4 / top 10 experience is normally required. Most successful candidates often start in audit and then transfer across to financial statement presentation at the end of their contract.
For full details, please get in touch.
Fund Accounting / Administration
The fund accounting and administration roles are often filled by qualified accountants already in the Cayman Islands who are looking to move out of the Big 4 and have at least 5 years accounting experience with 2 of the years being in the asset management / funds industry.
You would generally be responsible for maintaining a strong relationship with the investment manager; facilitating onboarding investors in new funds; setting up new funds, along with preparing: NAV packs; management and performance fee calculations; (un)audited financial statements; capital event allocation files and notices; bank wires for various expense payments and distributions amongst other tasks.
For full details, please get in touch.
Captive Insurance Management
The captive insurance manager roles are commonly filled by those qualified accountants with around 5 years of experience (2 years of which in insurance) either transitioning out of the big 4; or filled by qualified accountants already working in the insurance industry.
For full details, please get in touch.
Other accounting & finance roles
There are a number of other job openings that appear such as finance managers, financial controller and director roles. These roles are often filled by candidates already situated in the Cayman Islands. Please reach out to us and even if a role isn't currently available, we can let you know when one becomes available.