Commercial Financial Associate (P2P) - Finance jobs in Malta - February 2023
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Commercial Financial Associate (P2P)

Foster Clark Products Ltd , Central Malta

Expires in 20 days (24 Feb 2023)

Foster Clark Products Ltd in Malta are looking to recruit a Commercial Financial Associate (P2P) to join their team on a full-time basis.

Job role:
The Commercial Financial Associate (P2P) is expected to master the procurement of high-value raw materials and the associated production process. By owning the cost of raw materials and the associated payables process the role is expected to ensure tight control over material purchases and how this material is used for production.

Key Accountabilities:
Product costing and cost planning;

  • Responsible for the costing of Landed cost raw and packaging material and ensuring that such standard costing is relevant throughout the year.
  • Control COGS - Raw materials used for production: Master the procurement and production process to secure tight financial control over operations in terms of material usage and associated wastage.
  • Perform Analysis & Optimisation of shipping capacity vs volume with a view to optimizing cost. 

Process Accounts Payable;

  • Own the Accounts Payable process and ensure updating of standing data.
  • Ensure that a 3-way match process is adhered to for all purchases.
  • Account for purchase invoicing and ensure that suppliers' accounts are up to date in both standing data and transactional terms. Reconcile supplier's accounts on regular basis, as a minimum before payment.
  • Follow up on accrued and prepaid purchases and update the ledgers.
  • Ensure that payments approvals are aligned with the approved and published Approval and Limits policy
  • Process payments, financial accruals, and reversals. Verify payment files with the relevant supporting documentation (Purchase Orders etc). Audit invoices and key data in the Accounts Payable System.
  • Resolve issues related to Purchase Orders and Delivery notes.
  • Promote a thorough understanding of Procurement cost structures/drivers and create visibility and coherent common cost transparency within the business.
  • Maintain organized documents for payables function, and adjust accounting records as relevant
  • Ensure Strict Adherence & Execution of all internal controls & policies within the P2P process.

Process Expense Reimbursements;

  • Execute expense reimbursements and advances in line with reimbursement policies and approval limits, including Travel related reimbursements.
  • Conduct Travel and Expense reporting and preliminary analysis.

Manage corporate credit cards;

  • Process corporate credit card requests and order corporate credit cards as necessary.
  • Manage corporate credit card accounts.
  • Approve/change credit limits on company cards in line with established company policy.
  • Cancel or deactivate existing cards to disable future transactions when necessary.

Monitor and perform IPR;

  • Prepare IPR (Inward Processing Regime – Customs) applications and declarations.
  • Review and analyze IPR transactions for optimization and cost improvement opportunities.

Payroll Backup;

  • Act as a backup to the Finance & Control Specialist to perform payroll operations when necessary.
  • When applicable, manage workflow to ensure all payroll transactions are processed accurately and in a timely manner.
  • When applicable, conduct vetting of payment proposals (vouchers).

Ideal Candidate Profile:

  • Degree in Business / Finance and/or Accountancy Qualification.


  • Minimum of 1-year overall experience. With a particular focus on FMCG.
  • Knowledge of accounts payable process.

Technical skills;

  • Stakeholder Management
  • Analytical Skills
  • Financial Accounting
  • Handling Big Volumes of Data
  • Costing Knowledge
  • ICT Skills
  • ERP Knowledge
  • Forecasting & Future Planning (Resources & Components)


  • Analytical thinking and problem-solving.
  • Attention to Detail
  • Relationship Building
  • Consulting and Advising
  • Programme and Project management.
  • Quality Orientation.
  • Planning and organizing

Foster Clark Products Ltd:
With a strong tradition and a history dating back to 1889, Foster Clark is dedicated to developing and supplying quality beverage preparations and food products in the desert, baking products, and sauces and dressings sectors. As a forward-looking company with a strong history of success, Foster Clark is committed to researching, producing, and bringing to the market high-quality products that meet customer expectations in different regions, while continuing with our expansion through the globe. We are committed to our own people as we are to our customers, acknowledging that our success is a direct result of their qualities. We continue to strengthen our team in all areas of the business and offer excellent long-term prospects. Manufacturing and marketing high-quality food and beverage products in over 80 different countries, is the cornerstone of our success and the benchmark for all our operations and processes.

Full Time
Job Type
Intermediate (1-3 years), Experienced (3 years +)
Experience Level

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