An international insurance company based in Malta is searching for a Financial Controller Analyst (FP&A) to lead the European management reporting and planning function. The Financial Controller (FP&A / MI) leads the European management reporting and planning function. This role is accountable for delivering accurate and timely management accounts, insightful variance analysis, cash flow forecasting, and forward-looking budgets. The Controller will partner with actuarial, underwriting, and claims colleagues to ensure technical provisions and performance insights are robust, while leading and developing the Assistant Financial Controllers (AFCs) across the region.
MAIN DUTIES & RESPONSIBILITIES
Management Accounts & Analysis
- Review monthly management accounts for European entities, ensuring accuracy of technical provisions and reasonableness of non-technical postings.
- Oversee balance sheet reconciliations and P&L variance analysis, providing timely insight to senior management.
- Ensure data accuracy within the underwriting and claims systems to support reliable financial reporting.
Forecasting & Planning
- Lead the annual budgeting and quarterly forecasting processes across European entities.
- Produce monthly cash flow analyses and forward-looking forecasts.
- Provide financial modelling and scenario planning to support management decisionmaking.
Performance Insight & MI
- Develop and deliver insightful MI reports to enhance understanding of business performance.
- Conduct premium, commission and reserve reviews, identifying key movements and recommending adjustments as needed.
- Partner with actuarial, claims and underwriting functions to provide financial insight that supports reserving and performance management.
Process Improvement & Systems
- Continuously improve FP&A processes, reporting and analysis through automation, systems enhancements and new MI development.
- Support evaluation of new system integrations relevant to planning and analysis.
Collaboration
- Work closely with the Financial Controller, Reporting, to ensure consistency between management reporting, statutory submissions and audit deliverables.
- Prepare inputs for Group deliverables, ensuring accuracy and alignment with local management reporting.
- Perform any other duties as assigned by Senior management or the Core team.
Leadership & People Management
- Lead, coach and mentor the Finance team across European entities, supporting their development and ensuring performance standards are met.
- Promote a culture of accountability, collaboration and continuous improvement within the Finance team.
- Support succession planning and capability development in the FP&A / MI function
Key Success Factors
- Accurate and timely monthly management accounts with clear variance analysis.
- Forecasting and cash flow projections delivered within agreed timelines and variance thresholds.
- Insightful MI adopted by senior management to support decision-making.
- Strong collaboration with actuarial, underwriting and claims teams leading to improved financial insight.
- Engagement, development and retention of the Finance team across the region.
- Evidence of continuous improvement in FP&A processes, systems and reporting quality.
CANDIDATE PROFILE
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As a minimum, part ACCA qualified.
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Insurance experience (2-5 years).
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Strong analytical skills.
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Teamwork demonstrated, along with working on own.
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Proactive in identifying issues and proposing solutions to colleagues at all levels, including senior management.
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Used to meet demanding deadlines.
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Excellent and inclusive communication skills with colleagues at all levels.
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An inquisitive mind.
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Advanced Excel skills.
COMPANY BENEFITS
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Annual performance bonus.
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Life insurance (2x annual salary).
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International health insurance.
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Summer hours and hybrid working (according to company necessities).
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Yearly eye screening.
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Parking (after 6 months' probation).
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Payment of professional membership fees (e.g., CII).
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Education awards for professional qualifications.
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Sponsorship for job-related training.
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40% discount on personal insurance policies (after 6 months' probation).
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Employee Assistance Programme (confidential support service).
Due to the high volume of applications, we receive at GRS Recruitment, only shortlisted candidates will be responded to.