Monday, April 17, 2017

Vacancy:Audit & Advisory Staff

Audit & Advisory Staff (10 positions)

Crowe Horwath Jamaica is seeking responsible and hardworking people to join our office in Kingston and Montego Bay. The Position offers unique hands on experience, a well-developed on-the-job coaching and mentoring system that will help successful candidates to obtain wide range of new skills within multinational professional service company. 
Responsibilities include but not limited to: 
  • Technically contribute to relevant assurance engagements and internal projects;
  • Assist in performing audit procedures;
  • Assist in statutory audits as well as audits in accordance with IFRS;
  • Assist more senior staff in the preparation of audit deliverables;
  • Participating in performing financial due diligences;
  • Preforming other advisory projects;
  • Support business and market development
  • Participate in projects of major importance to the client organization
  • Support project management activities
  • Collect and analyze data in a structured way
  • Understand, review and evaluate clients’ business models and related KPIs, back office and operation processes incl. finance and controlling, customer related processes and models, organizational structures and projects / programs.
Qualifications:
  • Bachelor’s Degree;
  • Fluent knowledge of English (spoken and written)-additional language will be considered as an advantage;
  • Strong MS Office skills;
  • Familiar with financial management and corporate financials;
  • Familiar with IFRS and ISA;
  • Detail oriented, ability to show initiative and take responsibility;
  • Effective time management and problem solving skills;
  • Excellent communication, presentation and interpersonal skills with ability to deal with people at all professional levels.
Interested applicants should submit their CVs not later than 30.4.2017. to :
Managing Partner
Crowe Horwath Jamaica
47-49 Trinidad Terrace
Kingston 6
Email:info@crowehorwath.com.jm







Crowe Horwath Jamaica (www.crowehorwath.com.jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica . Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe Horwath Jamaica serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

Jamaica Vacancy: IT Audit Manager | Crowe Horwath Jamaica Bulletin

Jamaica Vacancy: IT Audit Manager

JOB DESCRIPTION

The IT Audit Manager will be responsible for planning, supervising staff, and executing IT Audit, IT Risk Consulting engagements as well as support demand creation and business development efforts.
  • The IT Audit Manager will manage projects to ensure high quality delivery within the project budget.
  • Managers are to be hands on in the delivery and execution of project tasks.
  • Managers are expected to have the ability to present and communicate status and issues to client senior management personnel.
  • The IT Audit Manager will set performance expectations for senior and staff level and provide performance feedback.
  • Participating/leading strategic and tactical initiatives related to new product offerings and services.
  • Developing and maintaining relationships with clients and identify new opportunities for business.
Typical IT Audit Manager responsibilities on a client engagement include:
  • Managing and leading IT Risk Audit/Consulting engagements.
  • Overseeing the engagement economics of the project that includes budget status tracking, billing, and collection analysis.
  • Preparing and reviewing workpapers.
  • Preparing final versions of audit reports.
  • Providing technical guidance to Crowe staff and client organization personnel with respect to information systems, technology architecture, and security.
  • Communicating issues and status to Crowe executives and client senior management.
  • Consulting with clients to understand and address their needs.
Qualifications
  • Bachelor’s degree required. Major in Accounting, Computer Information Systems, or Management Information Systems.
  • Minimum 5 years of experience in the areas of IT audit, corporate IT Audit, or technology risk consulting preferred.
  • Strong technical skills in ERP security administration, ERP configuration controls or system implementations would be highly desirable.
  • Strong verbal and written communication skills are required.
  • Candidate should have solid experience in planning engagements, managing IT audit projects, supervising personnel and developing audit work programs.
  • Evaluating application controls for Oracle Financials, SAP, or PeopleSoft Financials.
  • Drafting reports and executive summaries on IT control issues for senior management personnel.
  • Certified Information Systems Auditor (CISA).
Additional Skills Desired:
  • CPA or MBA is a plus.
  • Manager level experience with a Big Four accounting firm, top tier consulting is preferred but not required
How to Apply:
Submit Application to:
Managing Partner
Crowe Horwath Jamaica
47-49 Trinidad Terrace
Kingston 6
Email:info@crowehorwath.com.jm

Sunday, April 16, 2017

Hiring Adjustments For Generations X And Y | Dawkins Brown FCCA,CA,ACFE | Pulse | LinkedIn





Hiring Adjustments For Generations X And Y | Dawkins Brown FCCA,CA,ACFE | Pulse | LinkedIn:



'via Blog this'

Crowe Horwath Jamaica (www.crowehorwath.com.jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica . Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe Horwath Jamaica serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

Friday, April 14, 2017

Your Options In Sales Force Outsourcing


Sales force outsourcing is not a new idea. It has been a dwelling practice in small and big businesses alike. Sales agents, distributors and resellers are the most common set ups in sales force outsourcing.
This industry however has been threatened with the rapid rise of BPO (Business Process Outsourcing) forcing Sales Force Outsourcing to be strategic alternative to indirect channels and sales agents.




Two Models Of Sales Force Outsourcing
There are two models of sales force outsourcing: sales agents & distributors / resellers and BPO solution of Sales Force Outsourcing.
Sales Agents
A sales agent is someone who is self-employed and is the person who sells products in behalf of a company. Most often than not, the terms of payment is on commission basis though there are instances wherein a sales agent has basic salary. When delving into retail or manufacturing, sales agents usually carry multiple products and have established contacts. One may think that sales force outsourcing is a good option as solution. Yes it is a viable solution but this too has its own limitations.
The specialization of sales agents is based on a defined market that depends on the geography or the industry of a particular sector. They will only go for products that are sellable to their available contacts. This means that if you outsource your product to an existing market that has no interest for it, sales force outsourcing is not a good solution.
Another limitation of sales force outsourcing is for you to be able to have a larger coverage, you will need a number of sales agents that will need dedicated management resources to optimize your outsourced sales force.
Distributors / Resellers
Another option that may prove to be a good a solution for sales force outsourcing is through an indirect channel network. The important aspect when talking about distributors and sellers is that they own customer thus living to up to the name “indirect sales channel.” This aspect is also the difference between sales agents and distributors / resellers.
While a sales agent sells products for you or your company, distributors / sellers on the other hand buy your products and sell them to their customers. With this, you drop control over the end customer as well as being able to sell other services and products directly.
Just as the same with sales agent, it is limited to a point wherein you can only sell to those who have customers that are interested with your products. Otherwise, sales force outsourcing through distributors / resellers will be a lost cost. That is why you need to choose carefully whom you partner up with – always research, research and research.
Sales Force Outsourcing Organizations
In the past, companies build an in-house direct sales force. The process in doing so requires a large amount of capital as well as expertise. Hiring, training and managing this kind of set up will put wholes in the pockets of companies.
But if this kind of setup costs a lot of money, why do organizations opt for this? The answer: control. When sales agents or distributors / resellers sell your products, you have little to no control on what they do or how they sell your product.
Having an in-house sales force, a company will be able to have control over its markets, prices as well as choice of customers. This setup can be a competitive edge over other companies in the same industry.
As of today however, the business process outsourcing (BPO) sector is on the rise and because of this sales force outsourcing is becoming an alternative to having an in-house sales force. Unlike with utilizing sales agents and distributors / resellers, you still have control over the target markets, sales activity, and pricing.
It is like having an in-house sales force without having to shell out much capital money.
What we can do for you:
  • We can set up the BPO Centre for you
  • We can Recruit and Managed the Staffing
  • We remove the need for you to set-up your own Company to operate
What is your Next Step:
Lets talk! Email your requirement to: info@crowehorwath.com.jm . We will prepare an attractive quote for your review .





Crowe Horwath Jamaica (www.crowehorwath.com.jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica . Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe Horwath Jamaica serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

We will help Set-up your BPO Operations in Jamaica


BPO Companies-the Latest Business Trend
The world of business has dramatically changed and continues to rapidly change every single day. What we know today can only last for a few months or years, if we are lucky. What we know yesterday might as well be considered a thing of the past tomorrow. That is how fast the business world is changing. So companies all over the globe have to learn to adapt and do it fast.
Before, the business trend is to be a jack-of-all-trades. To be successful, a business has
to have everything a client needs in one roof-a one-stop shop. And companies of olden times try to do just that by Hiring all the kinds of personnel they need for every department in their company. However, that is a thing of the past now. The economic market today requires specialization. Consumers want to have every product or service tailored to their particular need. Consumers don’t want generic products anymore.
They want special treatment and the best of quality service they can get. So, having everything under a company’s roof does not seem useful anymore. Keeping all business processes under one roof now proves not only to be costly but impractical as well.
This is because monitoring each and every one of them to ensure the best quality is served and tailored to every client need has become tedious and almost impossible. Keeping experts in-house is also proved to be expensive in the long run.
The need for specialization and focus on the company’s real core business has spun the trend of hiring Business Process Outsourcing companies, or what is more popularly known as BPO. Business process outsourcing companies have now sprouted and
proliferated in countries where labor cost is not so expensive, such as China, India and the Philippines,  the Middle East and lately Jamaica.
BPO companies in these countries and region provide services to bigger, more often multi-national, companies that want to focus on their core business processes so they just delegate generic tasks, or processes that are of lesser importance, to outside provider or supplier of services.
The philosophy of companies these days is to “…do what they do best and outsource the rest.” And it is a very sensible philosophy at that. And more and more companies are catching on it.

The list of services that are most commonly outsourced include:
  • HR solutions,
  •  Accounting and Financial Services,
  • Customer Care Services,
  • Call Centers,
  • IT Help Desk Services,
  • Marketing tools and solutions, and
  • other nitty-gritty details that most companies want to be free of.
These are necessary business processes-yes, that is true. However, companies now realize that it is more practical to delegate these tasks and focus on sales or production, or whatever their company is all about.
In Jamaica more and more BPO companies are establishing business centers in several Parishes , capitalizing on the affordable workforce cost and the abundant supply of highly-trained trained professionals.
What we can do for you:
  • We can set up the BPO Centre for you
  • We can Recruit and Managed the Staffing
  • We remove the need for you to set-up your own Company to operate
What is your Next Step:
Lets talk! Email your requirement to: info@crowehorwath.com.jm . We will prepare an attractive quote for your review and negotiation










Crowe Horwath Jamaica (www.crowehorwath.com.jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica . Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe Horwath Jamaica serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

Sunday, April 2, 2017

Mortgage & Refinance Tips: Debt To Income Ratios

Debt to Income Ratios, often referred to as “DTI’s”, are a key calculation used in the refinance, debt consolidation, and purchase mortgage application process. A debt to income ratio is arrived at by dividing your monthly debt payments by your pre-tax income. Debt to income ratios are finally used to determine how much money you can borrow, and a thorough knowledge of DTIs can help you get the most value from your refinance, debt consolidation or purchase mortgage transaction.



There are two different types of debt to income ratios which are used in refinance, debt consolidation or purchase mortgage underwriting, a Front End Ratio (or “Front Ratio”) and a Back End Ratio (or “Back Ratio”).

The Front Ratio is calculated by dividing the sum of your total monthly housing expenses, consisting of your mortgage payment including principal interest taxes and insurance as well as homeowner’s association fees, mandatory maintenance fees, common charges in a development and mortgage insurance if applicable.

The Back Ratio is similar to the front ratio, but on top of basic housing expenses the back end ratio also includes your other monthly debt payments, particularly consumer debt payments, into the calculation. Examples of monthly consumer debts are your credit card bills, automobile payments, personal or student loans, etc. Examples of items not typically included in a back end ratio would be life, health & car insurance premiums.

When your lender is evaluating your application, they are in fact trying to match your application with the lending criteria for the program which you want to see if you qualify for the loan. While there are many factors in determining how much money you can borrow and at what rate, debt to income ratio is amongst the most important. A good credit, conventional mortgage program will very often have a debt to income ratio requirement of 33/38 - front/back, meaning that your monthly housing costs should be less than one third of your gross income per month.

If you make $3,000.00 per month, that means the maximum mortgage payment you could qualify for under a 33/38 program would be $1,000.00 per month inclusive of principal interest taxes and insurance as well as other housing costs, and your will only be allowed a total monthly expenditure including mortgage, credit cards and other consumer debts totaling $1,140.00. That may seem very conservative, and it is. If you’ve ever been turned down by a brick and mortar bank for a mortgage refinance, debt consolidation loan or for financing a new home purchase, chances are it had something to do with your program’s low debt to income ratio.

Many modern lenders are not as concerned about the back end ratio at all and decide solely on the basis of the front ratio, and in the case of a veteran’s VA loan, their guidelines only concern the back ratio and ignore the front. FHA loans allow you to carry more consumer debt but with a higher income requirement, with a standard debt to income ratio guidance of 29/41 - front/back.

Progressive lenders now have programs with excellent rates which allow individuals to borrow up to 100% financing and in certain cases up to millions of dollars at even better rates than many of 33/38 programs, but which allow for a debt to income ratio of up to 55% or even 60% in some cases, whether you prove your income through tax returns and W2 forms or simply state how much you earn. These relaxed debt to income ratio criteria allow you to borrow more easily without the fear of rejection, and the better your credit and the larger your down payment in the case of a purchase or equity in the case of a refinance or debt consolidation the more relaxed these criteria can be. Debt consolidation programs can often make it much easier to qualify if you mandate that certain consumer debt accounts be directly paid off, thereby reducing your monthly consumer debt payments. Contact a nationally capable mortgage broker so that you have access to a wide variety of programs, and be honest with your loan officer about your earnings and debts and things will go smoothly. Remember, they want to get you the money you need, and will work with you to make sure that happens.




















Crowe Horwath Jamaica (www.crowehorwath.com.jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica . Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe Horwath Jamaica serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

Saturday, April 1, 2017

Triggering Article 50: our partners respond - Crowe Clark Whitehill

Triggering Article 50: our partners respond - Crowe Clark Whitehill:

Our Partners comment on the triggering of Article 50 by the Prime Minister, which will take the United Kingdom out of the European Union.







 Crowe Horwath Jamaica (www.crowehorwath.com.jm) is one of the largest public accounting, consulting, and advisory firms in Jamaica . Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe Horwath Jamaica serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

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