Assistant Financial Controller

Assistant Financial Controller required for an established Insurance office in Malta. Reporting to the Financial Controller, you will be a technical accounting expert responsible for the complete and accurate financial recording and reporting for the Gibraltar and Malta entities. This is a key role and 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 Assistant Financial Controller ensures the integrity of the financial ledgers, delivers rigorous reconciliations, and provides critical analytical support, serving as the primary source of technical financial data for the Financial Controller. Malta Insurance sector knowledge is essential, Gibraltar advantageous. 

What’s on offer to you? 

• Annual performance bonus 

• Life insurance and international health insurance 

• Summer hours and hybrid working 

• Parking (after successful completion of 6 months’ probation) 

• Payment of professional membership fees 

• Education awards for achievement of professional qualifications 

• Sponsorship for job-related training 

• Employee Assistance Programme 

What You Will Be Doing – 3 key areas to the role 

Technical Accounting & Financial Control  

• Extract, validate, and process all underwriting and claims bordereaux.  

• Post all general ledger entries for gross insurance transactions eg.premiums, claims, etc 

• Prepare monthly reinsurance 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.  

Financial Reporting & Analysis  

• 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 targets and support profit commission accruals.  

• Provide historical data and insights for forecasting and budgeting.  

Compliance, Audit & Business Partnering  

• 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 and efficiency. 

What You Will Need to Succeed in This Role 

• Qualified accountant (ACA, ACCA, CPA, or equivalent).  

• Minimum 3 years’ PQE 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 to collaborate across finance and operational teams.  

• Direct experience in the Malta insurance market is essential. Experience in the Gibraltar insurance market is advantageous. 

Assistant Financial Controller | Malta | ACA | ACCA | CPA | Financial Controls | Insurance | Reinsurance