Finance Manager

This is a fully remote position, open to applicants in Malta.

📋 Description

• Act as the primary finance function representative for Rakuten Viber’s regulated payment services operations in Malta.

• Manage the finance function of the licensed entity, encompassing statutory and regulatory financial reporting, safeguarding and reconciliation controls, regulatory capital and liquidity, as well as tax obligations.

• Uphold finance-related policies and procedures that address safeguarding, reconciliation, treasury, and capital management.

• Supervise daily reconciliations, assess and approve exceptions, and escalate any breaches to the Board and MFSA as necessary.

• Ensure that customer funds are protected and kept separate from company funds in compliance with relevant Maltese legislation, MFSA regulations, and PSD2 requirements.

• Monitor own funds, minimum regulatory capital, and capital adequacy, providing reports to the Board.

• Create reconciliation manuals and work in partnership with Engineering to develop automated processes.

• Collaborate with Compliance, Risk, MLRO, Fraud, and Transaction Monitoring teams to address payment risks and analyze payment trends.

• Follow up on internal and external audit suggestions and ensure their completion.

• Contribute to operational resilience and oversight of ICT/outsourcing from a finance perspective.

• Manage settlement and reconciliation processes across different payment types, reviewing exception reports and dashboards.

• Evaluate escalated disrupted payments, partner refunds, and chargebacks, and authorize resolutions.

• Oversee liquidity, pre-funding, and treasury requirements with payment partners.

• Serve as an initial point of contact for banks, acquirers, and PSPs regarding financial and regulatory issues.

• Assist with the onboarding process of new payment partners.

• Collaborate with Product and Engineering teams to integrate compliance into new payment products and workflows.

• Prepare monthly management accounts and IFRS statutory financial statements.

• Manage the annual audit process and relationships with external auditors, including safeguarding and regulatory audits.

• Prepare and submit regulatory filings to the MFSA and other authorities.

• Develop budgets, forecasts, and cash flow projections.

• Generate regular financial reports for senior management and the Board of Directors.

• Ensure timely submissions to the Malta Business Registry.

• Ensure adherence to Maltese and international tax obligations, including VAT, corporate tax, and withholding tax.

• Coordinate with the Commissioner for Revenue and external tax consultants.

• Oversee outsourced services such as payroll, legal advisers, and other service providers, approving related payments.

• Collaborate with various departments and the Group to enhance financial processes and support Group reporting.

• Perform additional duties as reasonably requested by the Company.

⛳️ Requirements

• Bachelor's degree in Finance, Accountancy, Business, or a related discipline.

• A recognized professional accountancy qualification (ACCA, ICAEW, CPA Malta, or equivalent).

• Minimum of 5 years of experience in finance within the payments, fintech, e-money, or banking sectors, including regulatory reporting.

• Practical knowledge of IFRS, safeguarding and reconciliation standards, and regulatory capital for payment or e-money institutions.

• Ability to satisfy the MFSA's fit and proper criteria and receive approval for this role.

• Positive references and successful background checks.

• Excellent communication skills, with experience engaging with regulators, auditors, Board members, and partners.

• High integrity and sound judgment.

• Right to work in Malta and residing in Malta.

• Proficient in written and spoken English.

🏝️ Benefits

• Competitive salary package.

• Opportunities for professional development and growth.

• Dynamic and inclusive work environment.