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Financial Controller (Insurance)

Job Title: Financial Controller (Insurance)
Contract Type: Permanent
Location: Malta
Industry:
Salary: €60,000 to €70,000
Reference: 5548
Contact Name: Justina Zammit
Job Published: August 20, 2019 11:23

Job Description

A global insurance and investment organization providing property and casualty insurance solutions to business and industry is currently looking for a Financial Controller to join its Finance team

Job Description

  •  
  • Assist the CEO by producing and analysing regular management information, highlighting any trends or issues that are noted.
  • Assisting the Finance Director in managing financial control activities relating to the Malta office and the Continental European operations.
  • Assisting the Finance Director in managing financial control activities relating to local Maltese reporting, Solvency II and local reporting requirements in countries that the said company has an establishment. 
  • Assisting the Finance Director to review other internal and external reporting outputs for technical accuracy and sense checks prior to submission to recipients. 
  • Assisting the Finance Director and other finance team members with ad-hoc reporting requests and project work.
  • Manage all operational aspects of the production of numerical & narrative Regulatory and Solvency II reporting, including setting of timetables, delegation or work to other team members, consolidation and review.
  • Review of updated MFSA guidance and reflecting changes in the company’s procedures.
  • Liaise with internal and external auditors (often at the highest level) to ensure that all information required is produced to a high degree of accuracy and in a timely manner.
  • Liaison with the London finance team to ensure efficient approach and clear responsibilities.
  • Review of existing reporting processes in order to improve automation and efficiency.
  • Production of statutory accounts and other regulatory reporting, focusing on timeliness, technical accuracy and sense checks.
  • Design and develop process improvements in collaboration with counterpart UK Finance Leadership group members in order to ensure the efficient and accurate production of data.
  • Assist the Finance Director with the ongoing development of comprehensive monthly and quarterly financial reporting.
  • Support the Finance Director to ensure that the companies meet the Group’s reporting deadlines whether these are statutory, regulatory or fiscal, by review of deliverables.
  • Assisting the Finance Director/Tax Manager with preparation, review and submission of Tax returns for Malta and other European locations.
  • Assist with automation projects related to the implementation of the Data Warehouse and other initiatives.
  • Take the lead on accounting standard changes across the Continental European operations, including IFRS 17 preparation and readiness (alongside the actuarial function)
  • Responsive to ad-hoc reporting requests from both Malta Management and the group.
  • Preparation on annual budgets, in conjunction with the UK based Finance team.
  • Together with the Finance Director, ensure adequate resource and capability is available to deliver the business plan and its strategic objectives.
  • Identify individual training needs.  Thereafter, work with International Human Resources to agree and implement development plans.
  • Adhere to company procedures for managing and recording individual performance and development
  • Ensure all agreements are processed according to the company’s compliance, regulatory and legal obligations.
  • Immediately report any suspicion of financial crime to the Money Laundering Reporting Officer.
  • Manage any potential conflicts of interest so as to avoid concerns regarding disrepute and integrity.
  • Immediately advise Compliance of any complaints arising.

 

Skills and experience

  • Candidates must possess a degree in Accounting or must be fully ACCA qualified.
  • 3 years’ post qualification experience;
  • Working knowledge of reporting requirements imposed by US GAAP, IFRS, Solvency II, Maltese Company Law;
  • Experience with Insurance Companies;
  • Working knowledge of tax regulations, including corporation tax, IPT and VAT;
  • Maltese regulatory reporting systems;
  • Regulatory framework and requirements;
  • Underwriting and claims processes, controls and systems;
  • Building and maintaining accounting procedures and systems.