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Finance and Accounting Regulatory Lead

  • Location

    Malta

  • Sector:

    Banking

  • Salary:

    Attractive

  • Contact:

    Justina Zammit

  • Job Reference:

    8126

  • Published:

    about 1 month ago

  • Expiry:

    2021-06-30

  • Client Details:

    Castille

  • Consultant:

    Justina Zammit

  • Skills tags:

    ACCA , Accountancy , Insurance

An insurance brand forming part of an international group is currently looking to recruit a Finance and Accounting Regulatory Lead to join it's finance team. 

Responsibilities 
  • Be responsible for the overseeing of day to day and month end financial accounting processes and recording, ensuring these are in compliance with Group, Regulatory and accounting and insurance standards requirements
  • Managing the monthly Balance Sheet reconciliations and substantiation process
  • Ensuring a robust internal and financial controls framework is in place with regards of own areas of responsibilities
  • Managing the preparation of monthly management accounts and Group financial reporting 
  • Managing and reviewing the quarterly and annual regulatory reporting to the MFSA and CBM in accordance with Solvency II Regulatory requirements; including QRTs, NSTs, SFCR and RSR and any other requests by regulators
  • Preparing the annual statutory financial accounts in accordance with IFRS
  • Authorising Unit-Linked Funds pricing and maintaining accurate levels of underlying Assets to match the Unit-Linked liabilities
  • Managing the relationship for outsourced and offshore operations
  • Identifying and implementing improvements and streamlining opportunities
  • Managing a team and ensuring staff efficiency is maintained at maximum level through timely planning, organized practices, ongoing training, coaching and adequate supervision

Skills and Experience 
  • Professionally qualified Accountant with a recognised degree, with experience in insurance and / or other financial services will be a plus
  • Possess a good level of computer literacy, with extensive familiarity with financial reporting systems and vast experience in Excel functionality
  • Analytical ability to interpret financial data and exercise a significant degree of judgement
  • Ability to work to tight timescales, multitask and takes ownership to ultimate resolution
  • Excellent planning and organisational skills with the ability to adapt to changing and different situations
  • Self-motivated with proven team working skills in Finance and across the business
  • Ability to lead, motivate and coach the immediate team 
  • Awareness of Regulatory and legislative requirements
  • A working knowledge of International Financial Reporting Standards (IFRS) with the perspective of IFRS17
  • A thorough understanding and knowledge of the insurance business and activities, strategic imperatives, products and markets