Carla Louise Bethel, CFE, CAMS
Nassau,Bahamas
Summary
Enthusiastic management professional with demonstrated success supervising staff and building teams. Bringing 14 years of experience in audits, investment fund administration, compliance and regulatory reporting, best practices and operations. Proven skills in enhancing productivity, efficiency and bottom-line profits with forward-thinking leadership.
Overview
14
14
years of professional experience
2
2
Certification
Work History
Assistant Manager
Deltec Fund Services Limited
Nassau, Bahamas
12.2016 - 01.2022
- Oversee accounting and reporting for investment administration division of client-shareholder-owned independent financial services group.
- Supervise work of accounting team that supports management of international corporate and private clients’ investments.
- Preparation of daily, weekly, monthly, quarterly, bi-annual annual Net Asset Value (NAV) calculations, daily processing of transactions, and preparation of cash reconciliations.
- Review daily, weekly, monthly, quarterly, bi-annual, and annual Net Asset Value (NAV) calculations.
- Coordinate with investment managers and fund custodians on questions regarding current or historic trading activity and NAV.
- Train and advise accounting team on technical issues and calculations.
- Price portfolios using independent, accepted sources and calculate fees and accruals.
- Coordinate year-end audits with auditors and clients.
- Spearheaded implementation of and all data migration to Pacific Fund Systems software, saving from having to operate two systems.
- Increased NAV productivity by fifty percent (50%).
- Prepare audited financial statements to International Financial Reporting Standards (IFRS).
- Created spreadsheets ensuring proper accounting of subscription in-kind.
- Developed loyal and highly satisfied customer base through proactive management of team customer service strategies.
Assistant Manager
Securities Commission of The Bahamas
Nassau, Bahamas
04.2015 - 12.2016
- Contributed to oversight activities of agencies that regulates investment funds, securities, capital markets, and financial and corporate service providers.
- Helped identify strategies and action plans necessary to achieve its regulatory mission.
- Managed multiple, simultaneous research and investigatory projects and assisted Manager in delegating projects, reviewing work papers, and enforcing timelines.
- Trained staff and provided technical advice and assistance.
- Led implementation of MKinsight audit management software.
- With implementation of new audit software, on-site examinations conducted increased 28%.
- Assisted with drafting of first audit work program for clearing facilities.
- Participated in focus groups with industry participants and registrants to obtain information as it related to revamping Financial and Corporate Service Providers Act.
Senior Officer
Securities Commission of The Bahamas
Nassau, Bahamas
06.2014 - 03.2015
- Conducted audits of bank and trust companies, investment fund administrators, securities investment advisors, and financial and corporate service providers to verify company controls complied with established policies and relevant Bahamian legislation.
- Performed walk-throughs of subjects’ business processes that tested design and efficacy of internal controls.
- Supervised inspections staff and guided them on technical questions and performance.
- Headed financial and corporate service providers’ risk-rating process.
- Revamped financial and corporate service providers survey increasing response rate from 12% to 53%.
- Improved risk rating survey responses, resulted in a 71% decrease in the number of examinations performed by the Securities Commission of the Bahamas.
- Oversaw training for members of Bahamas Institute of Charted Accountants who wanted to conduct on-site examinations of financial and corporate service providers on behalf of the Securities Commission of the Bahamas.
Inspections Officer
Securities Commission of The Bahamas
Nassau, Bahamas
06.2011 - 06.2014
- Executed hands-on compliance audits for investment and financial companies regulated by Commission.
- Walked-through companies’ business processes, studied financial statements, and tested internal controls’ effectiveness.
- Led transition of audit work program from manual to online process.
- Spearheaded amendments to compliance audit work program based on securities industry legislative changes.
- Trained Inspections team on the online financial and corporate service providers work programme.
Assistant Accountant
KPMG Bahamas
Nassau, Bahamas
08.2007 - 12.2011
- Conduct comprehensive financial statement audits, reviews and agreed-upon procedures.
- Perform analytical procedures/analyses to detect unusual financial statement relationships.
- Tested design and effectiveness of internal controls by completing walk-through of complex business processes.
- Identify and communicate accounting and auditing matters to seniors and managers.
- Propose adjusting journal entries and discuss audit findings with clients.
- Prepare PBC (prepared by Client) lists and confirmation requests
Education
Master of Science - Accounting
Barry University
Miami, Florida07.2007
Bachelor of Science - Accounting and International Business, Finance
Pfeiffer University
Misenheimer, North Carolina05.2006
Skills
- Excellent communication skills
- Strong analytical skills
- Strong organizational skills
- Ability to work under pressure
- Effective time management
- Independent worker
- Proficient in Microsoft Office
- Valued team player
- Quick learner
- Goal oriented
- Proficient in PFS Paxus Accounting Software
- Staff Supervision
- Training
Certification
- Certified Fraud Examiner, 2016
- Certified Anti-Money Laundering Specialist, 2015
- Forensic Accounting Certificate Program, 2014
- Uniform Certified Public Accountant Examination Candidate
Quote
Successful people do what unsuccessful people are not willing to do. Don't wish it were easier; wish you were better.
Jim Rohn
Timeline
Assistant Manager
Deltec Fund Services Limited
12.2016 - 01.2022
Assistant Manager
Securities Commission of The Bahamas
04.2015 - 12.2016
Senior Officer
Securities Commission of The Bahamas
06.2014 - 03.2015
Inspections Officer
Securities Commission of The Bahamas
06.2011 - 06.2014
Assistant Accountant
KPMG Bahamas
08.2007 - 12.2011
Master of Science - Accounting
Barry University
Bachelor of Science - Accounting and International Business, Finance
Pfeiffer University
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