Financial Officer

  • Quad Consultancy
  • Malta
  • Mar 22, 2020
Full time Finance Jobs Insurance Jobs

Job Description

The Client

Our client is an established Insurance Brokers firm who are currently recruiting for an Finance Officer to join their team in Malta.

Main Duties
  • Perform a variety of clerical accounting functions such as compiling and sorting documents, calculating, reconciling and verifying statements, and posting transactions to accounts
  • Maintain established accounting practices and procedures 
  • Reconcile statements received from certain Insurers on a monthly basis  
  • Payments to local and foreign Insurers
  • Update the monthly accruals and prepayments file and ensure that all transactions have been carried out at month end
  • Compile the Premium Analysis report on a monthly basis 
  • Transfer company’s brokerage from Clients’ Money bank account to company’s bank account
  • Extract the debtors’ and creditors’ balances at month end and reconciling aged balances with the accounting software
  • Prepare payments due to suppliers for parts/car rentals/survey expenses incurred on claim settlements of clients
  • Prepare the stamp duty statement on a quarterly basis 
  • Document stamp duties charged on local policies placed with foreign insurers  
  • Reconcile commissions received from the insurers and verifying that all dues are collected
  • Compile end-of-year report of all gross premiums and commissions received per insurer on a monthly basis
  • Provide support and solve any queries that may arise
  • Assist the Finance department with any backlog duties which may arise from time to time

  • An A-level of standard of education in accounting
  • Basic computer skills, including knowledge of Sage
  • Previous experience in a similar role