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Financial Controller (insurance)

  • Location


  • Sector:


  • Contract Type:


  • Salary:

    €60,000 to €70,000

  • Contact:

    Justina Zammit

  • Job Reference:


  • Published:

    7 months ago

  • Expiry:

    17 Oct 00:00

  • Client Details:


  • Consultant:

    Justina Zammit

  • Skills tags:

    ACCA , Accountancy

A life reinsurance protected cell company set up in Malta to facilitate the writing of reinsurance life business is currently looking for a Financial Controller to join its team

Job Description

  • Responsibility for IFRS and Solvency II reporting including the core, cells and the consolidated PCC, to the Group, local external institutions and to the group’s Governing bodies.
  • Setting of standards for IFRS and Solvency II financial submissions for the cells to the Core for all requirements (MR Group, local external Regulatory Institutions, Governing Bodies)
  • Be the main interface of the company regarding all financial related matters towards the Regulator and Tax Authorities, as well as to Group financial divisions
  • Establish and monitor financial KPIs to assess performance of cells and their products
  • Define minimum standards for finance processes (automated as much as possible) to be followed by the core and cells,
  • Set and assess internal control system around finance processes at core level and establish standards for internal controls at cell level
  • Lead the review of financial data from promoters at group’s level
  • Review and challenge financial inputs from cells and consolidate such inputs with those of the core
  • Coordination and aggregation of inputs for production of Financial Statements preparation according to IFRS
  • Coordination of IFRS and Solvency II external audits and financially related internal audits
  • Preparation of tax returns (Corporate Tax, VAT) for the Core and coordination of any required inputs from the cells to fulfil cell and consolidated company’s tax obligations
  • Responsibility for Annual Planning and Capital Management for the core, coordination and review of inputs from the cells, consolidation and presentation to Governing Bodies
  • Asset-Liability and Cash Management for the core, and oversight for the cells
  • Support on-site visits at cells and their outsourced providers
  • Maintenance of defined areas in purchase ledger, processing of invoices and payment preparation for the core and cells
  • Carrying out cost, general ledger and other accounting duties on various SAP based systems for the core and cells
  • Cost planning, monitoring and controlling for the core, review of cell level related activities and consolidation including the Facility Fee planning for the entity as a whole
  • Support the oversight of the risk management function


Skills and Experience

  • Minimum 8 years’ experience in finance positions, preferably in insurance
  • In possession of a University Degree in accounting or an equivalent qualification such as ACCA
  • Proven leadership skills and ability to coordinate tasks across different business divisions and outsourced functions
  • Solid knowledge of Microsoft Office, particularly Excel, Word and PowerPoint
  • Fluent business English (spoken and written) and ability to communicate effectively with people at all levels
  • Distinctive analytical and conceptual skills
  • Highly motivated, pro-active, organized and result oriented
  • Good team player with intercultural skills and positive attitude
  • Willingness to learn new topics and keen on self-development
  • Experience in using SAP would be considered an asset
  • Risk management experience would be considered an asset