Job Description

An international Insurance company is searching for an Assistant Financial Controller to join their team in Malta. You will report to the Financial Controller Analyst and be responsible for the complete and accurate financial recording and reporting for the Gibraltar and Malta entities. This pivotal role owns the end-to-end process for insurance transactions, from the extraction and validation of source bordereaux through to complex reinsurance workings and final general ledger postings. The ideal candidate will be a qualified accountant (ACA, ACCA, CPA, or equivalent), and have 3 years’ experience in financial control or accounting roles within the insurance sector. If you are looking for a senior role, please apply for this Malta based Assistant Financial Controller roleMAIN DUTIES & RESPONSIBILITIESExtract, validate, and process all underwriting and claims bordereaux.Post all general ledger entries for gross insurance transactions (premiums, claims, commissions).Prepare monthly reinsurance (ceded) workings, including treaty, XOL, and facultative arrangements, with related postings.Calculate and record unearned premiums, commission income, and deferrals.Perform reconciliations for all key control accounts (e.g. trade debtors, reinsurance brokers).Maintain a strong financial control environment with clear, auditable documentation.Lead technical inputs into the month-end close, ensuring timely and accurate completion.Provide validated data and journal postings to support management accounts.Deliver initial variance analysis against prior year and budget.Analyse broker performance against TOBA targets and support profit commission accruals.Provide historical data and insights for forecasting and budgeting.Provide accurate data for internal/external audits and actuarial reserving.Ensure all financial practices comply with accounting standards, company policies, and regulatory requirements.Partner with Underwriting, Claims, and regional finance teams to ensure consistency and integrity of information.Identify and implement process improvements to strengthen accuracy, efficiency, and controls.CANDIDATE PROFILEQualified accountant (ACA, ACCA, CPA, or equivalent).Minimum 3 years’ post-qualification experience in financial control or accounting roles within the insurance sector.Strong technical knowledge of insurance and reinsurance accounting.Proven experience in financial control, reconciliations, and month-end processes.Advanced Excel skills; familiarity with financial systems (SAP, Oracle, or similar) desirable.Exceptional attention to detail and commitment to data accuracy.Strong analytical and problem-solving skills with a proactive mindset.Ability to manage multiple complex processes under tight deadlines.Excellent communication skills and ability to collaborate across finance and operational teamsCOMPANY BENEFITSAnnual performance bonus up to 10% of salary.Life insurance (2x annual salary). * International health insurance.

• Summer hours and hybrid working (according to company necessities).
• Yearly eye screening.
• Parking (after 6 months' probation).
• Payment of professional membership fees (e.g., CII).
• Education awards for professional qualifications.
• Sponsorship for job-related training.
• 40% discount on personal insurance policies (after 6 months' probation).
• Employee Assistance Programme (confidential support service).

Due to the high volume of applications received at GRS Recruitment, only shortlisted candidates will be responded to.To apply for this position, please email your CV to Michelle Cooper, quoting the above job reference.

GRS Recruitment

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