About us
44 Years of Experience - Robert Michael Homer (1980 to 2024)
Robert Michael Homer is the founder of R.M.H Accounting Services registered in the register of Business Names on March 16, 1990 under No. 9806 and RMH Financial Consultants Inc. (RMHFCI), a company registered under the Company's Act of Barbados under company No. 25324 on May 23, 2005. Mr. Homer serves the company as its CEO and Chairman of the Board of Directors from its inception. The Company is a member of the Small Business Association (SBA) of Barbados and Mr. Homer has served as an elected member of the Board of Directors of the SBA as Treasurer and other positions on the Board from 2010 to 2019.
Mr. Homer is also the Financial Consultant for the Mango Bay Hotel Group of Companies for the past 15 years and is the recipient of the People's Choice Award for Entrepreneur of the year during the SBA / First Citizens Bank small business week in 2015. Mr. Homer is a certified Intuit Quickbooks User and Trainer since 2011 and has trained hundreds of students at the Small Business Association in Basic, Intermediate and Advanced Quickbooks, over the past decade.
Mr. Homer has been a member since 1995 and was elected in June 2011 and served as Treasurer on the Board of Directors of Barbados Workers Union Co-operative Credit Union Limited and served in that position until June 2014. He is also a past Secretary of the Supervisory Committee of the BWU credit union having served in that position for the period 2007 to 2010 together with serving on the Finance Committee of the BWU Credit Union for over a decade. He is one of the recipients of the Credit Unions 35th Anniversary Volunteer Awards in 2019.
Mr. Homer began his career in accounting and finance on May 12, 1980 when he joined the Goddard Enterprises Ltd Group at Barbados Commercial Insurance Co., Ltd as an Accounts Clerk. He continued his employment there until 1991 and resigned as Accountant to become an entrepreneur.
In 1995 he was offered the position of Accountant at Co-operators General Insurance Company Limited and continued his employment there until 2001 as Finance Officer of the Company. His most significant achievements during this tenure of employment was lobbying the Credit Unions and meeting the requirements for increased capital when the capital requirements for general insurance companies increased from one million to three million dollars without any contribution from the largest credit union in Barbados and the reinsurance negotiations carried out in Banff, Canada in 1998 where those negotiations resulted in the removal of approximately $900,000 in accumulated losses from the Balance Sheet of the company and replaced it with $900,000 in retained earnings after tax, in one fiscal year (1999). He then developed the business continuation plan for the company, based on those reinsurance negotiations, predicting its growth and the development of its own headquarters which now stands in Collymore Rock, St. Michael.
From 2002 to 2005 Mr. Homer was the Financial Consultant for the Caribbean Airways Ltd Group including Caribbean Aircraft Handling Company Ltd and Club Caribbean Ltd., located at the Grantley Adams International Airport. He was appointed to the Finance Committee of the Board of Directors and was responsible for the preparation of documentation to be presented to the Board at monthly Board meetings. With the CEO, he assisted in the development of the business continuation plan for Caribbean Aircraft Handling Co. Ltd and converted the company from annual losses into annual profits. This plan was presented to the PS in the Ministry of Finance who had summoned a meeting to discuss the possible closure of the company as a result of the previous accumulated losses. At the time of the meeting, the company had already recorded its first two years of net profit. The meeting concluded that consideration will no longer be given to the closure of the company and 350 jobs were saved. The meeting also approved the conversion of debt owing to the Crown into Equity of the company thus improving the solvency of the company.
In 2018, he sat on the committee that developed the standards for the Technical and Vocational Education and Training (TVET) Council, National Vocational Qualification (NVQ) in Accounting for Small Business - Level 3 and is also a recipient of the TVET Caribbean Vocational Qualification (CVQ) Certification in Developing a New or an Existing Business Enterprise – Level 3 in 2016.
He received a Management Diploma from the University of Bradford in the UK in 2001 and is also certified in Principals of Economics and Management Accounting & Finance since 1992.
Carolann Michelle Homer is a Director of RMH Financial Consultants Inc. since 2009 with responsibility for compliance of all of the company’s clients. She performs all of the company’s paralegal functions and ensures that clients’ documents are returned from CAIPO in a timely manner to satisfy the requirements of Financial Institutions. She has been appointed as Company Secretary on the Board of Directors for some of the Company’s clients. She is also a certified Cosmetologist and owner of Wellness & Beauty Salon located in Vauxhall, Christ Church. She can be contacted at 233-2977 to book an appointment.