Professional I (Finance) – Jobsplus Permit Number 66/2024

Full Time
Posted:
Closes: February 20, 2024
Company Name
Malta Development Bank
Industry
Banking
Company Overview
The Malta Development Bank (MDB) was established on 24 November 2017 when the Malta Development Bank Act, 2017 came into force (Act No XXI of 2017 – CAP 574). It commenced operations on 11 December 2017 when the Board of Directors was appointed and held its first meeting. The MDB is fully owned by the Government of Malta. The mission of the MDB shall be to contribute towards sustainable economic development that benefits the Maltese people in line with public policy objectives by promoting inclusive and environmentally sustainable economic growth, supporting infrastructure development, and linking entrepreneurship, investment, and economic growth to improved living conditions, a higher quality of life, and better social inclusion.
Job Description & Responsibilities

The Professional I (Finance) will work closely with the Senior Finance Officer and will be assisting with the accounting and financial reporting of the Bank. Duties and responsibilities include:
• Maintain the general ledger and recording of daily transactions
• Assist in the preparation of the payment run, record prepayments and accruals
• Reconcile balance sheet accounts including bank accounts, fixed asset register, creditors and debtors
• Perform the periodic physical inventory reconciliation
• Update of inventory procedures as required
• Record purchase invoices, check their approvals to ensure that the Bank's procurement policy and procedure limits are being adhered to
• Assist with the preparation of monthly management accounts
• Assist in the drafting of the annual financial statements and IFRS disclosures
• Liaise with the bank’s external and internal auditors in the annual and other audit assignments
• Assist in budgeting and cash forecasting
• Assist in the management and servicing of bank account operations – support of bank relationships, administration of forms e.g. appointment of bankers, FATCA forms, preparation of KYC documents and preparation of manual banking instructions
• Document financial procedures and ensure that the Financial Procedures Manual is maintained up to date
• Assist in the completion of statutory and other financial returns
• Perform any other administrative roles and other responsibilities which may be assigned from time to time by the Senior Finance Officer and CFO to ensure the smooth running of day-to-day operations of the Bank and to substitute other administrative personnel as required

Qualifications required

Applicants must be partly ACCA qualified with a minimum of 2 years experience in an accountancy practice.

Experience required

Experience in the financial services sector will be considered an asset.

In addition, the ideal candidate must:
• Be able to work under pressure with minimum supervision and to strict deadlines and budgets
• Have a disposition to take the initiative, collaborate with all the Business Units and support work within the area of responsibilities beyond the call of duty to ensure the smooth running of the function
• Be assertive with strong ethical values and integrity
• Have strong interpersonal skills as a team player with the ability to prioritise, coordinate and organise the work in a practical fashion
• Have a conscientious attitude, self-motivation and ability to work without close supervision
• Have good writing and verbal communication skills
• Have good analytical, problem solving and report writing skills with a goal-oriented attitude
• Be proficient in the use of Microsoft Office applications. Experience in Microsoft Word, PowerPoint and Excel system is necessary
• Have previous experience in Microsoft Dynamics 365 accounting software (will be considered an asset)
• Be fluent in Maltese and English

Work Place

Hybrid

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