Commercial Financial Associate (P2P)

Malta  |  €21,000 - €24,000 

One of our esteemed clients within FMCG/Manufacturing is looking to recruit a Commercial Finance Associate to master the procurement of high value Raw material and the associated production process. By owning the costing 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 pack material and to ensure 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 associate wastage.
  • Perform Analysis & Optimisation of shipping capacity vs volume with a view to optimise 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 suppliers 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 note.
  • Promote thorough understanding of Procurement cost structures/drivers and create visibility and coherent common cost transparency within the business.
  • Maintain organised 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 analyse IPR transactions for optimisation 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).

Skill-sets and Requirements

  • Minimum of 1-year overall experience. Experience within FMCG would be considered an asset
  • Knowledge in accounts payable process

Education & Experience

Degree in Business / Finance and/or Accountancy Qualification.

Benefits

  • 8% performance bonus
  • Support with studies

Job Reference: VX296


  • Primary job focus
    Accounting
  • Job type
    Full Time
  • Employment level
    Intermediate (1-3 years)
  • Employer industry
    Fast Moving Consumer Goods
  • Languages
    English, Maltese

Jobs within accounts require the understanding and managing of finances for individuals and organisations. Accounting Jobs in Malta within this sector include client accounting, cost and accounts administration, bookkeeping, credit control, financial management, management accounting, internal audit, and tax jobs.

  • Job Reference
    VX296
  • Closing Date
    01/03/2023
  • Date Published
    21/12/2022
  • Status
    Shortlisting

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