Chief Accounting Officer (CAO) at TheHiveCareers in Jamaica

Job Description: Chief Accounting Officer (CAO)

Industry: Banking, Financial Services, Insurance, Investment

Job Type: Full-Time

Reporting To: Chief Financial Officer (CFO)

Job Summary

The Chief Accounting Officer (CAO) is responsible for overseeing all accounting operations, financial reporting, and internal controls of the organization. This role ensures the accuracy, integrity, and compliance of financial statements in accordance with applicable accounting standards and regulatory requirements.

The CAO plays a critical role in financial governance, audit readiness, and supporting strategic financial decisions within a highly regulated environment.

Key Responsibilities

1. Accounting Operations

Oversee all accounting functions, including general ledger, accounts payable/receivable, and financial close processes

Ensure timely and accurate month-end, quarter-end, and year-end closings

Standardize accounting policies and procedures across the organization

Manage consolidation of financial statements across multiple business units

2. Financial Reporting

Ensure accurate and timely preparation of financial statements in accordance with applicable standards (IFRS/GAAP)

Oversee regulatory reporting requirements for banking, insurance, and investment entities

Provide financial insights and reporting to executive leadership and Board

Ensure transparency and accuracy in all financial disclosures

3. Regulatory Compliance & Governance

Ensure compliance with financial regulations, accounting standards, and statutory requirements

Maintain strong internal control frameworks and governance practices

Coordinate with regulatory authorities and ensure timely filings

Stay updated on changes in accounting standards and regulatory policies

4. Audit & Internal Controls

Lead internal and external audit processes

Ensure audit readiness and address audit findings promptly

Strengthen internal controls and risk mitigation measures

Collaborate with internal audit, compliance, and risk management teams

5. Financial Systems & Process Improvement

Oversee accounting systems, ERP platforms, and financial technologies

Drive automation and digital transformation in accounting processes

Improve efficiency and accuracy through process optimization

Ensure data integrity and system reliability

6. Leadership & Team Management

Lead and develop the accounting and finance teams

Establish performance standards and accountability within the team

Support talent development and succession planning

Foster a culture of accuracy, compliance, and continuous improvement

Key Requirements

Education

Bachelor's or Master's degree in Accounting, Finance, or related field

Professional certifications such as CPA, ACCA, or CA are highly preferred

Experience

10–15+ years of experience in accounting or finance roles within banking, financial services, insurance, or investment sectors

Proven experience in senior accounting leadership roles (e.g., CAO, Financial Controller, Head of Accounting)

Strong background in financial reporting, audit, and regulatory compliance

Skills & Competencies

Deep knowledge of accounting standards (IFRS/GAAP)

Strong understanding of financial regulations in banking and financial services

Expertise in financial reporting and consolidation

Leadership and team management skills

Analytical and problem-solving abilities

Attention to detail and high level of accuracy

Strong communication and stakeholder management skills

Key Performance Indicators (KPIs)

Accuracy and timeliness of financial reporting

Audit results and resolution of findings

Compliance with regulatory and accounting standards

Effectiveness of internal controls

Efficiency of financial close processes

Team performance and productivity

Preferred Attributes

Experience with ERP systems and financial technologies

Exposure to multinational or complex financial institutions

Strong collaboration with auditors, regulators, and stakeholders

Ability to drive process improvements and automation

Compensation & Benefits

Competitive executive salary

Performance-based incentives

Executive benefits and allowances