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Finance Executive

Job Description

About the Company:

Aon plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Aon has approximately 50,000 employees in 120 countries.

Principal Job Function:

Responsible for the day to day finance matters of captives, insurance entities and protected cell companies, prepare Group reports, client insurance returns and to assist the Finance Manager in other ad-hoc matters.

Primary Duties:

Responsibility for the following where appropriate:

1. Responsible for day-to-day administration and accounting duties.

2. Co-ordinate with the team to meet deadlines.

3. Responsible for the delivery of a high-quality service, ensuring that all client service standards are met for the client base.

4. Responsible for all day to day contact with major clients and brokers, loss adjusters and solicitors. Ensure all documentation, correspondence and telephone calls are dealt with effectively, efficiently, quickly and accurately.

5. Production and review of Management Accounts, Management Reports, Statutory Accounts and all other reporting requirements within pre-set time frames.

6. Dealing with deposits including observing mandates, investment guidelines and board requirements. Attending to payments and receipts, monitoring cash and reconciliation of bank statements.

7. Monthly reconciliation of claims payments, premiums, reinsurance recoveries, company expenses and other administrative payments as necessary.

8. Producing budgets and forecasts in conjunction with the relevant client needs.

9. Producing and reviewing quarterly and annual insurance solvency reports for clients

10. Producing and reviewing quarterly/annual Central Bank of Malta statistics report for clients.

11. Year end accounts and liaison with auditors.

12. Implementing and achieving internal audit controls and legal compliance in respect of all captives.

13. Developing and maintaining knowledge of insurance matters e.g. taxation, accounting standards etc.

14. Attendance at Board Meetings when requested, including the presentation of accounting and investment matters.

15. Attendance to company secretarial matters, including the preparation of clear and concise minutes, providing accurate records of all matters arising at Board Meetings.

16. Following the Office Procedures Manual, in particular in relation to check lists, supporting information, authorisations, sign-offs and time scales.

17. Awareness and compliance with the Insurance Business Act (1998), Solvency II Directive and subsequent Regulations and Rules issued by the MFSA.

18. Compiling monthly forecasts for Group reporting.

19. Interaction with various people in a professional manner. Primary relationships to be developed and maintained are as follows:

? Clients, client representatives and Board members

? Outsourcing offices

? Auditors

? Investment Advisors

? Insurance/Reinsurance brokers

? Insurance/Reinsurance Companies

? Banks

? MFSA and other regulatory authorities

Experience, education, attributes, typically:

1. Relevant industry knowledge and experience is considered as an asset. or substantial progress towards finance qualification.

2. Holding at minimum a Merit degree in Accountancy or ACCA. Preference is given to anyone with Insurance based credits.

3. A great team player with good time management skills.

4. High degree of confidentiality.

5. Leadership, supervisory and presentation skills.

6. Excellent all-round communicator at all levels.

7. Good general knowledge of industry products, regulations and developments.

8. Comprehensive working knowledge of accountancy, business and IT software.