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Sunday, June 16, 2024


The Virgin Islands

Vacancy Announcement

Seeking qualified candidate to fill the position of CHIEF EXECUTIVE OFFICER.
As the operational phase of the Economic Development Authority (EDA) approaches, the CEO must provide leadership, overall direction and administration of all the activities of the EDA. Ongoing policies, procedures, accounting and record keeping systems must be established and maintained. Employees must be adequately trained and supervised to ascertain that they could effectively carry out their assignments in accordance with the expectation, taking into consideration productivity and operational efficiency. Various issues regarding detailed treatment must be effectively addressed while long-range strategic planning continues. This period of time is critical in regards to the potential impact on the future successful operation of the EDA.
The Chief Executive Officer (CEO) shall be appointed by the Board exclusively upon the basis of merit as determined by technical training, skill, experience, and other qualifications best suited to carrying out the purposes of the Authority. The CEO shall act at the direction of the Board.
The CEO shall be of outstanding qualifications known to be familiar and sympathetic with small business needs and problems, and shall not engage in any business, vocation, or employment other than that of serving as Chief Executive Officer.
The duties of the CEO include but are not limited to the overall management of the businesses and activities of the Government Development Bank, Small Business Development Agency, Economic Development Commission, Industrial Development Park Corporation, and the supervision of the employees of these agencies and the general conduct of the affairs; and such duties as may be assigned, under the appropriate guidance of the Board of Directors.
Develop long and short range plans to meet the needs of the Virgin Islands consistent with the economic growth and development.
Interpret and administer the general policies established by the Board of Directors and implements them by formulating and establishing specific policies, programs, rules and regulations for approval by the Board.
Dispense advice, guidance, direction, and authorization to carry out major plans and procedures, consistent with established policies and Board approval.
Oversee the adequacy and soundness of the EDA financial structure.
Review operating results of the EDA, compares them to established objectives, and takes steps to ensure that appropriate measures are taken to correct unsatisfactory results.
Make recommendations to the Board for the investment or reinvestment of funds of the EDA.
Prepare the Annual Report on the operation of the EDA and submit the same to the Board for its approval and to the Government and the Legislature for their information.
Attend all Board meeting and carry out the resolution and directives of the Board.
Represent the EDA with major customers, shareholders, the financial community and the public.
Direct the activities of authority personnel through the development and administration of an EDA plan, which establishes and defines lines of authority and responsibility.
Conduct staff meetings to coordinate operations and broaden the scope of communication throughout the Authority.
Graduate degree from an accredited university with a Bachelor’s degree in Finance, Accounting, Banking or related fields and a minimum of 5 – 10 years of successful experience in executive level management in finance, banking or comparable experience/education is required.
Ability to understand and prepare detailed operating and capital budgets. CEO should also be familiar with federal Grants and program.
Knowledge and expertise in business management and financial planning.
Knowledge of generally accepted principles of accounting, fiscal, and auditing procedures.
Ability to read, analyze and prepare financial statements.
Ability to effectively manage and supervise personnel.
A proven ability to plan, coordinate and control the activities and operations of the EDA as mandated by law.
Ability to express himself/herself in a clear and concise manner in both oral and written communication.
General knowledge of business and tax law.
Compensation is commensurate with experience. Please mail your resume no later than July 6, 2001 to the:
Economic Development Authority
Attn: Nadine Marchena
Acting Chief Executive Officer
1050 Norre Gade #5
St. Thomas, V.I. 00802
or email it to vieda@ekalaloo.com

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