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Finance & Accounts

The Finance and Accounts Department manages the company’s financial accounts and inventory through the Financial Reporting, Treasury, Credit Control and Purchasing and Stores sections. It is part of the Finance Division headed by the Chief Financial Officer and managed by the Finance & Accounts Manager. The core responsibilities of its sections are below. 

Financial Reporting Section updates our financial records. 

  • Is responsible for internal and external financial reporting, facilitates the annual external audit, prepares and supports annual Department budgets and forecasting activities 
  • Prepares and files the company’s financial statements and quarterly reports to the Eastern Caribbean Securities Regulatory Commission (ECSRC)
  • Produces the quarterly statements that are published in the local newspapers as well as the financial statements for the company’s Annual Report 
  • Internally, the section budgets, forecasts and prepares management accounts for decision making purposes and prepares any other financial reports as needed

Treasury Section is probably the most popular in the company, given one of its core responsibilities is the payment of salaries and benefits. 

  • Ensures there is enough cash for us to operate and that any excess is invested for maximum returns 
  • The section facilitates payments of company loans made to employees and processes bank loan payments for staff and the company, pays all taxes, pensions and dividend payments
  • Keeps us all afloat with daily cash flow analysis, cash management, and reconciliation of all investments

Purchasing and Stores is the only part of Finance & Accounts located at Cul-de-Sac. 

  • It ensures the company has the goods it requires to operate
  • Is our central location for ordering, storing and handing out goods
  • While Departments still have the option of sourcing items, this section orders, pays and receives all goods for the company