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Accountant

Full Time
Posted:
Closes: February 15, 2025
Laferla
Company Name
Laferla Insurance Agency Ltd
Industry
Insurance
Company Overview
Laferla Group, established in 1984, is a household name in Malta, renowned for its role in the insurance industry as a professional firm with a focus on customer experience, that kick-started with a commitment to prompt and fair claim settlements since its inception. As a family-run business, Laferla offers a wide range of insurance products, including health, life, motor, travel, home, pet, marine and commercial insurance. Laferla’s digital approach has recently led to the development of a Fintech platform with plans to passport services into other EU markets. The company currently operates from a single Head Office in Valletta as well as through a network of Tied Insurance Intermediaries and Insurance Brokers across Malta and serves both personal and commercial clients, ensuring high-quality service and reliability. Laferla’s culture is built upon the strength of its core values - Family, Loyalty, Credibility, Stability and Quality – integrating them into their daily work.

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Job Description & Responsibilities

As an Accountant, and forming part of the Finance team, you will play a crucial role in the financial operations of our company, ensuring accuracy and compliance in all financial transactions. This position requires strong analytical skills, attention to detail, and a thorough understanding of accounting principles and regulations.

Responsibilities include:
• Extracting and reconciling data from the company's external insurance underwriting system
• Posting reconciled data into the accounting system accurately
• Issuing claims payments in a timely and accurate manner
• Posting receipts received into the accounting system
• Updating debtor and bank ledgers accordingly
• Actively participating in the credit control function to ensure timely collections
• Reconciling accounts regularly and updating ledgers accordingly
• Preparing daily bank reports for management
• Posting purchase invoices into the accounting system
• Processing payments to creditors accurately and on time
• Processing VAT returns, as required
• Assisting during audits and in audit preparation to ensure compliance and accuracy
• Preparing management accounts, as required
• Performing additional tasks and responsibilities as assigned within the accounting department

Qualifications required

Applicants must be in possession of a Bachelor's degree in Accounting, Finance or related field or be in the process of obtaining an Accounting qualification.

Experience required

Experience within a similar position will be considered an asset.

Applicants must:
• Have knowledge of applicable laws and regulations including financial reporting standards
• Be able to analyse financial data and prepare reports, statements, and projections
• Demonstrate precision and attention to detail to ensure the accuracy of financial documents and compliance with relevant laws and regulations
• Have effective written and verbal communication skills
• Be proficient with accounting software (will be considered an asset)
• Be proficient with Microsoft Suite, including Microsoft Excel and Outlook
• Be able to identify issues and discrepancies in financial data and develop logical solutions
• Be capable of managing multiple tasks and deadlines
• Have strong organisational skills

Work Place

On-site

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