Finance and Compliance Associate

Foster Clark Products Ltd in Malta is currently looking to recruit a Finance and Compliance Associate to join their team on a full-time basis

Job Role:
Reporting to the F&C Analyst, the F&C Associate will support statutory and national reporting obligations, and will particularly take ownership of Payroll and related taxation operations. The role is also responsible for managing and reconciling cash and bank accounts, and assisting the Team to ensure a robust internal control framework.

Key Accountabilities:
Manage payroll

• Perform payroll operations and ensure compliance (incl. tax)
• Manage workflow to ensure all payroll transactions are processed accurately and promptly
• Process payroll-related payments and reconcile to payroll reporting (both payroll and associated taxes)
• Keep up to date with legislation and reflect changes to the Company’s payroll operations
• Support data capture & reporting for target setting & management reporting
• Ensure accurate accounting to the General Ledger and perform necessary GL reconciliations.

Manage and process payroll taxes

• Manage the payroll-related tax benefits and obligations of the organisation. Report on any tax benefits that the Company might be eligible for
• Keep abreast of income tax regulations and guide employees accordingly as necessary
• Manage all tax affairs for employees under the company’s responsibility (foreign employees)
• Ensure compliance with tax legislation, employment regulations and internal SOPs.

Payroll control

• Champion data structuring & preliminary analysis of the payroll function
• Ensure that recruitment is aligned to budget and report deviations at the job offer stage
• Ensure that overtime is aligned with the production manning plan and duly approved by the respective Manager
• Ensure that Subcontracted labour requirements are aligned with the production manning plan and duly approved by the respective Manager
• Collaborate with the HR department to ensure all data is reviewed and up to date.

Manage cash and in-house bank accounts

• Manage in-house Bank accounts. Prepare Bank reconciliations and seek review confirmation from the Finance and Compliance Manager
• Manage and reconcile cash positions.

Report on internal controls compliance

• Responsible for the accurate and timely accounting of transactions and associated Financial Reporting including the reconciliation of control accounts, e.g. Debtors control account to reconcile to Debtors list as per Sales Ledger, Purchases Control account to reconcile to Creditors list as per Purchase Ledger, Freight, import and handling charges to be reconciled to the respective absorption control accounts, Accruals and prepayment account to be backed up by appropriate lead schedules
• Assist the F&C Manager to develop and maintain the Company’s internal control framework. Ensure accurate reconciliations & reporting of internal accounts
• Contribute to the Company’s controls environment to ensure that controls are in place and to ensure compliance with set policies and procedures
• Assist in the execution of Audit related activities as may be required
• Compile and reply to the annual surveys/audits required by the company.

Ideal Candidate Profile:
Education

• MQF5 level Degree in Accountancy or in progress of studying ACCA

Experience

• Minimum of 5 years overall experience. With a particular focus on FMCG

Technical skills

• Financial Accounting
• Risk Management
• Legal Compliance
• Tax Knowledge.

Competencies

• Analytical thinking and problem-solving
• Action orientated
• Quality Management
• Relationship Building
• Consulting and Advising
• Programme and Project management
• Planning and Organising.

Please visit also our new FCP Career Website: www.fcpcareers.com for more information on our company culture!