This is one of the most in demand roles in Cayman, but what is a Corporate Administrator?

Let’s start by explaining how the industry works. Many of the companies incorporated within an offshore jurisdiction like Cayman are investment holding or dealing companies holding investments throughout the world. So, the majority of offshore companies are registered and managed by specialist company management businesses.

There are larger organisations and institutions that generally have their own company management or corporate administration departments that provide a similar, in-house service. This means that the organisation or institution are not managing these investments for clients but for the organisation or institution themselves. However, both need corporate administrators to help set up these investments and carry out ongoing administration.

So, it’s important you don’t think of this as a general administration role. Corporate administrator roles require specific knowledge and experience of the sector, for example trusts, so that they can support financial service providers.  There are a range of tasks, including the registration and incorporation of companies, checking documentation including regulatory checks, liaising with regulatory authorities, filing and maintaining records and invoicing that you’ll be involved in.

This means you will need strong organisational skills and superb attention to detail to support financial services professionals. Alongside this, if working at a service provider you may be client facing so excellent verbal and written communication skills are required. Quite often, along with these soft skills you will need experience in certain software such as CORIS or EDMS.

What would you be responsible for…

What are the standard requirements…

Essential skills needed…

To be successful you should…

What if you are starting right at the beginning….