Finance Manager

GRS Recruitment; Malta (MT); Hybrid; USD 56,000 - 78,000; Full time

Benefits offered by this job

Hybrid working

Employee Share Option Scheme

Job summary

GRS Recruitment in Malta is seeking a Finance Manager to lead day-to-day accounting for a regulated Electronic Money Institution. You will report to the Head of Finance and oversee management accounts, IFRS closes, and safeguarding of client funds.

The role involves regulatory reporting to MFSA, capital and liquidity monitoring, budgeting, forecasting, and strategic financial analysis. Hybrid working arrangements and an option to participate in an employee share scheme are offered.

Qualifications

• ACA/ACCA/CIMA qualified
• Strong understanding of Maltese regulatory framework for EMIs
• Excellent numerical, analytical, and reconciliation skills
• Strong knowledge of IFRS and Maltese statutory reporting requirements
• Familiarity with safeguarding requirements and capital adequacy calculations
• Advanced excel and financial modelling capability
• Strong attention to detail in a highly regulated environment
• Ability to communicate confidently with regulators and auditors
• Proactive, solution-driven and demonstrating professional judgement
• Able to manage competing deadlines under regulatory constraints

Responsibilities

• Oversee the preparation of accurate and timely monthly management accounts;
• Lead month-end and year-end closing processes in accordance with IFRS;
• Review reconciliations, accruals prepayments and balance sheet substantiation;
• Maintain oversight of revenue recognition and safeguarding accounts;
• Ensure proper reconciliation of client funds and safeguarding structures;
• Assist in the preparation of statutory financial statements in line with Maltese requirements
• Ensure ongoing compliance with MFSA requirements applicable to EMIs
• Assist in regulatory returns to MFSA and CB including FI return, CMPSS and BR06
• Monitor capital requirements and liquidity thresholds;
• Maintain documentation supporting regulatory submissions
• Assist the Head of Finance in preparing annual budgets and rolling forecasts;
• Assist in market intelligence and insights to support strategic decision-making, product development and market expansion;
• Develop financial models to support strategic planning;
• Prepare cash flow forecasts including safeguarding liquidity considerations;
• Perform variance analysis and provide insights to senior management
• Assist in the preparation of board packs including financial performance analysis and regulatory capital updates;
• Provide analysis to support strategic initiatives and growth planning
• Identify opportunities to improve reporting efficiency and automation;
• Strengthen internal controls and financial governance frameworks;
• Contribute to finance transformation initiatives;
• Contribute to risk management and compliance culture within the organisation

Skills

Regulatory reporting

IFRS knowledge

Excel modelling

Financial analysis

Regulators/auditors communication

Education

ACA / ACCA / CIMA

Tools

Excel

Job description

An international Electronic Money Institution based in Malta is searching for a Finance Manager to join their dynamic team.You will report to the Head of Finance and be responsible for the day-to-day accounting of the firm with wider exposure. The role is responsible for overseeing management accounts, ensuring compliance with MFSA regulatory requirements under the Financial Institutions Act, liaising with regulators and auditors, and supporting with forecasting, strategic analysis, and preparation of investor and Board presentations. This position requires strong knowledge of Maltese regulatory reporting requirements, safeguarding obligations, and capital adequacy frameworks applicable to EMIs. You must have extensive accounting experience within the Payments sector and be based in Malta

DUTIES AND RESPONSIBILITIES

Management Accounting & Financial Control

• Oversee the preparation of accurate and timely monthly management accounts;
• Lead month-end and year-end closing processes in accordance with IFRS;
• Review reconciliations, accruals prepayments and balance sheet substantiation;
• Maintain oversight of revenue recognition and safeguarding accounts;
• Ensure proper reconciliation of client funds and safeguarding structures; and
• Assist in the preparation of statutory financial statements in line with Maltese requirements

Regulatory Compliance

• Ensure ongoing compliance with MFSA requirements applicable to EMIs under the Financial Institutions Act;
• Assist in the preparation of regulatory returns to the MFSA and CB inclusind but not limited FI return, CMPSS and BR06;
• Monitor capital requirements and liquidity thresholds; and
• Maintain documentation supporting regulatory submissions

Forecasting and Financial Planning

• Assist the Head of Finance in preparing annual budgets and rolling forecasts;
• Assist in market intelligence and insights to support strategic decision-making, product development and market expansion;
• Develop financial models to support strategic planning;
• Prepare cash flow forecasts including safeguarding liquidity considerations; and
• Perform variance analysis and provide insights to senior management

Board and Investor Reporting

• Assist in the preparation of board packs including financial performance analysis and regulatory capital updates; and
• Provide analysis to support strategic initiatives and growth planning

Process Improvements and Controls

• Identify opportunities to improve reporting efficiency and automation;
• Strengthen internal controls and financial governance frameworks;
• Contribute to finance transformation initiatives; and
• Contribute to risk management and compliance culture within the organisation

CANDIDATE PROFILE

• ACA / ACCA / CIMA qualified (or equivalent)
• Strong understanding of Maltese regulatory framework for EMIs;
• Excellent numerical, analytical, and reconciliation skills;
• Strong knowledge of IFRS and Maltese statutory reporting requirements;
• Familiarity with safeguarding requirements and capital adequacy calculations;
• Advanced excel and financial modelling capability
• Strong attention to detail in a highly regulated environment;
• Ability to communicate confidently with regulators and auditors;
• Proactive, solution-driven and demonstrating professional judgement.
• Able to manage competing deadlines under regulatory constraints

4-6 years experience in:

• An EMI, payment institution, FinTech or regulated financial services entity in Malta or the EU
• Financial services audit with exposure to EMIs or credit institution

SALARY AND BENEFITS

• €50,000 - €70,000 Gross Per Annum
• Salary will be determined based on experience, qualifications, and skills. The advertised salary range is indicative, any offer will reflect the successful candidate's suitability.
• Hybrid working environment
• Be enrolled into our Employee Share Option Scheme
• Opportunity to shape core financial operations and regulatory processes in a growing EMI startup.
• Be part of a dynamic, collaborative work environment with strong growth potential that is working to revolutionise payments in emerging markets.