Why choose accounts and audit?
Working in accounts and audit is a popular career choice, and for good reason as this sector is high in demand. The Financial Services Industry in Malta has been booming for a number of years and in fact, Malta has retained its status as a leading European financial services centre offering high regulatory standards and rigorous enforcement. In addition, an increase in the number of businesses setting up operations in Malta has led to a direct increase in GDP growth. This has created various opportunities both within the financial services sector and directly within industry.
Generally, accountants and auditors must demonstrate:
- Organisational and time management skills
- Analytical and problem-solving skills
- Integrity and trustworthiness
- IT proficiency
- Communication skills
Below are some of the most common accounting & audit jobs in Malta:
An accountant would be responsible for the internal accounts of a company. Depending on the level, they would be handling the preparation of monthly management accounts and financial statements together with VAT and tax returns. They may also be involved in budgeting and cashflow projections. An accountant must be highly meticulous, able to work with very tight deadlines and have strong excel skills.
Client accountants are responsible for client portfolios. Depending on the seniority of the role, this might involve preparing VAT and tax return forms as required. Verifying and posting transactions up to preparation of management accounts and financial statements. Client accountants must have excellent multi-tasking skills, a good eye for detail together with good interpersonal skills to liaise effectively with clients.
Fund accountants are responsible for one or more assigned funds in order to make sure the day to day accounting for the fund or group of funds is up to date and accurate. This may also include involvement from a compliance, legal and regulatory perspective. They are also responsible for reconciling and reviewing accounts, researching and correcting variances, as well as preparing daily, weekly or monthly NAV calculations and liaising with other involved parties . Fund accountants must demonstrate strong analytical skills, attention to detail and have strong communication skills.
Internal Auditors are responsible for providing an independent assessment of the effectiveness of a company’s operations, as well as analyzing procedures and making recommendations of how to improve processes to management. Responsibilities also include conducting accurate investigations in order to provide clients with advice on their internal controls, risk management and corporate governance procedures. This is usually done for a portfolio of different clients.
Opportunities for Career Progression
As well as completing your degree, on-the-job training and learning from experienced staff are priceless when it comes to nurturing your career in the field of finance. Opportunities for career advancement generally comprise of increased responsibilities in your chosen area. Demonstrating excellent leadership, presentation and interpersonal skills may also lead to managerial positions within a company. Senior positions in the accounting field could include; Finance Manager, Audit Manager, Chief Financial Officer, Head of Funds Services.
KONNEKT offers a number of accounting & auditing jobs in Malta. Apply directly for one of our roles, or get in touch with us by email on email@example.com.