As a country that has seen significant financial growth and prosperity in its recent history, Malta boasts a Financial Services Industry that has quickly become one of its most valuable and resilient sectors.

Major accounting and auditing firms, including names like Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY) and KPMG, have opened offices on the island along with a healthy number of smaller and specialised, professional service providers covering a plethora of different niches and needs.

Asset Management, Wealth Management and Insurance Management have also seen noticeable growth over the years as Malta has established itself as one of Europe’s leading financial hubs.

Recently this growth trend is being seen as the country is branching out and expanding its portfolio into new sectors and areas such as Payment Services, Fintech and Distributed Ledger Technologies (DLTs) based businesses.

Malta’s Banking Sector has also developed over the last two decades from just a handful of retail banks, the island now has over 25 credit institutions that offer a wide range of banking services to both retail and professional consumers.

Find out what accounting, auditing and financial services positions are currently open on Broadwing.

Roles and Responsibilities when working in the Financial Services Sector in Malta

The financial services offered across the island are varied and specialised to cover the multiple needs and requirements of large and small businesses alike. The large demand for professionals in the sector is highly evident by the sheer volume of job opportunities constantly opening up for Payroll Officers, Accountants, Auditors and other Financial Services Professionals, such as Tax Advisors and Financial Analysts on a daily basis.

Accountants in the Financial Services Sector in Malta

The role of the accountant in a company’s daily processes and growth is invaluable regardless of its size or sector. Whether working in-house or for an accountancy firm which outsources its services to other businesses, by providing accounting services to its clients - an accountant’s roles cover all aspects of a business, from budgeting to overall strategy and business direction.

From the preparation of financial statements, business plans and budgets, to analysing variances and financial performance and the preparation of cash flow and daily accounting reports. Accountants prepare and examine a company’s accounts in order to identify and analyse risk and scrutinise internal practices and even investigate any irregularities as well as putting forward advice and recommendations. All of this as well as preparation of VAT and income tax returns and advice, payroll services, management of investments and so much more; there is always sufficient work for qualified accountants.

Salaries for Junior Financial Accountants start from €25,000 and can go up to €35,000 per year. If you are ACCA certified, the range increases to between €35,000 to €45,000. More senior positions such as Financial Account Managers and Financial Controllers earn anywhere up to €70,000, depending on the industry and the experience of the candidate.

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