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Treasurer - Reginald Saunders
 
WORK EXPERIENCE

2003 - MINISTRY OF EDUCATION, YOUTH, SPORTS & CULTURE

SCHOLARSHIP & EDUCATION LOAN DIVISION

Nassau, Bahamas

Administrator – Day-to-day management and administration of all Government of The Bahamas loan, scholarship, grant, bursary & award programs ($100M Bahamas Government Guarantee Loan Program, Commonwealth Awards, Bahamas Field Station Scholarship, All Bahamas Merit Award, Family Island Scholarships, Bonded Scholarship Program), including joint programs with private sector organizations (Lyford Cay Foundation, Organization of American States, BORCO, Maritime Scholarship, Financial Advanced Community Trust). Represent Ministry of Education on various committees. Design, implement, and monitor collection initiatives for student loan program. Supervise office staff (15 persons). Preparation of budgets. Preparation of annual reports. Computerization of division. Ensuring accuracy of scholarship & loan data.

2002 - 2003 BAHAMAS FLIGHT TRAINING CENTER LIMITED, Nassau, Bahamas

Director/Vice President, Operations (Co-Owner) - Coordinate finance, marketing & sales, training effort. Prepare monthly financial statements. Supervise office staff and flight instructors. Ensure proper regulatory compliance - operations, training program, and aircraft maintenance. Evaluate student progress and providing direction as they advance through the flight training program.

1992 - 2001 MCDERMOTT INTERNATIONAL INVESTMENTS CO., INC., Nassau, Bahamas

Portfolio Manager (1997 2001) – Reports to President. Management of In-house U.S. Equity portfolio (approximately $330M). Assist in the management of the U.S. Fixed Income portfolio. Evaluate & monitor external investment managers — both current and prospective. Research & evaluate investment alternatives within changing economic and capital market environments. Preparation of monthly performance reports including compilation of Executive Summary. Approve wire transfers and other cash & treasury transactions. Review and sign corporate action and proxy statements. All responsibilities as Investment Analyst

Investment Analyst (1995 1997) – Reports to Vice-President, Investments. Assist in the management of the U.S. and Foreign Pension Fund assets — stocks, bonds, and cash. Assist in the management of the Corporate Portfolio — bonds, notes, cash and repurchase agreements. Review and release all outgoing cash transactions/transfers. Recommend changes in asset allocation/sub-asset classes. Execute & monitor trading activity for the various portfolios. Preparation of various investment committee reports.

Sr. Administrative Assistant (1993 – 1995) – Reports to Director, Cash & Banking. Direct responsibility for all functions as Administrative Assistant.

Administrative Assistant (1992 1993) - Placement of short and long-term deposits for Corporate Treasury and Pension portfolios with banks offering attractive overnight investment rates ($65 - $350M). Execute wire transfer of funds for Corporate accounts. Reconciliation of bank and custody accounts. Provide accounting department with journals and bank balances. Ensure the timely and accurate receipt of coupon payments and proceeds of security maturities held in Corporate and Pension accounts. Submittal of delivery/acceptance instructions to custodian for security purchases and sales and ensure proper settlement. Execute external and internal repurchase agreements. Evaluate and monitor current trends in the money markets. Evaluate and review for implementation, all money market alternatives that adhere to the overall strategic objective.
 
1991 - 1992 IBM BAHAMAS LIMITED, Nassau, Bahamas
 
Financial Analyst, Off-Shore Division – Reports to Manager, Off-Shore Division. Prepare month-end and quarter-end financial statements for all off-shore countries. Prepare tax reports for head office. Reconciliation of all balance sheet accounts. Preparation of purchase and maintenance contracts for off-shore entities.

EDUCATION

1989 - 1991 EASTERN MICHNGAN UNIVERSITY, Ypsilanti, Michigan

Master of Business Administration Degree (MBA)

Concentration: Finance & Marketing

1986 - 1987 UNIVERSITY OF WINDSOR, Windsor, Ontario, Canada

Courses in Financial & Personnel Management

1981 - 1985 UNIVERSITY OF WINDSOR, Windsor, Ontario, Canada

Bachelor of Commerce Degree (B.Comm.) Honors Business Administration

Concentration: Finance, Marketing, Administration

1979 – 1981 THE COLLEGE OF THE BAHAMAS, Nassau, Bahamas

Associate of Arts Degree

Business Administration

1974 – 1979 ST. ANNE'S HIGH SCHOOL, Nassau, Bahamas

Diploma

SEMINARS/CONFERENCES

2000 National Equities Summit Conference, Information Management Network

2000 Equity & Fixed Income Product Seminar, Wilshire & Associates

1999 Equity Style Management Conference, Information Management Network

1998 Securities Training Course, The Nasdac Group

1994 Time Management Seminar (In-House)

1993 Corporate Cash Management Seminar, American Management Institute

1993 Process Management Seminar (In-House)

ACTIVITIES

2008 - 2009 Treasurer, Rotary Club of South East Nassau

2008 - Member, Strategic Planning Committee, Holy Cross Anglican Church

2008 - Member, Lyford Cay & Canadian Lyford Cay Foundations

2007 Member, Alumni Fund Raising Committee, The College of The Bahamas

2007 - 2008 Director, Vocational Service, Rotary Club of South East Nassau

2006 - Member, National Scholarship Advisory Committee

2006 - 2007 Director, Club Service II, Rotary Club of South East Nassau

2005 - 2006 Member, Rotary Club of South East Nassau (Currently serving as Director, Club Service II 2006-2007)

2003 - Member, Scholarship Selection Committee, BORCO

2003 - Member, Education Loan Committee & National Scholarship Committee

1994 - 2005 TREASURER, Holy Cross Anglican Church, Nassau, Bahamas

1997 - 2004 Sunday School Teacher, Holy Cross Anglican Church

1996 - 2001 Member, Bahamas Chapter — Financial Analyst Association

1995 - 2001 Bahamas Chamber of Commerce, Company Representative

1995 - 2001 Employee Relations Social Committee, McDermott International Investments Co., Inc.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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242-302-4454/4359
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