Careers

CHIEF FINANCIAL OFFICER

The Organisation

Finance House plc was incorporated and licensed by the Malta Financial Services Authority in January 2013 as a lending institution offering car loan financing to a diverse portfolio of clients. Finance House is also a member of the Malta Clearing House and holds an interest in AB Finance plc.

Finance House continues to evolve through its online platform that provides a wider range of financing solutions including car, motor bike and boat loans. Finance House stands by its service promise by offering flexibility, efficiency, and convenience.

Today Finance House is looking ahead with a refocused vision that aims to see it growing further in the financial services sector.

The Role

To further strengthen its executive team, Finance House is currently looking for a seasoned Chief Financial Officer (CFO) to provide both operational and strategic finance leadership, whilst being a steward for control and a catalyst to achieve the financial goals of the organisation.  The CFO reports to the Chief Executive Officer and to the Board of Directors as a member of the Executive Committee. He/she will be responsible for all the financial matters of Finance House and responsible for the Finance Department and all the members of staff entrusted with him/her for management purposes.

Job Duties and Responsibilities

  • Acts as a business partner to the CEO to guide and build value in the company.
  • Provides support to the Board of Directors and shareholders as needed.
  • Develops and advises on business development and strategic planning including the active involvement in the development and implementation of the Company’s business plan.
  • Plans, develops, organises, implements directs and evaluates the Company’s fiscal functions from every relevant perspective.
  • Manages treasury, finance, accounting and compliance functions with the necessary processes and internal controls to safeguard the corporate assets.
  • Ensures quality control over financial transactions and correct financial reporting.
  • Coordinates the development and documentation of business processes and accounting policies to maintain and strengthen internal controls.
  • Ensures the reconciliation processes of all divisions of the Company are carried out and documented as necessary.
  • Coordinates the preparation of management accounts, financial statements, financial reports, special analyses and information reports.
  • Serves on planning and policy-making committees.
  • Provides timely, accurate analysis of budgets and financial reports to assist the CEO and other executives with their responsibilities.
  • Oversees completion of timely annual audited financial statements.
  • Coordinates and directs the preparation of the budget and financial forecasts and reports on variances.
  • Provides strategic financial input and leadership on decision-making issues affecting the Company (i.e., growth, new markets, and evaluation of potential alliances, employee benefits, retirement plans, and investments).
  • Evaluates and advises on the impact of long-range planning, introduction of new programmes/ strategies and regulatory interactions.
  • Develops reliable global cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs of the Company.
  • Optimises the management of bank and deposit relationships and initiates appropriate strategies to enhance the Company’s cash position on a broad overall basis and manages cash flow investment risk and yields.
  • Continually improves the timeliness and accuracy of the Company’s cash flow and management of the payables process and month end, quarterly and year end closings.
  • Oversees risk and Corporate insurance requirements.
  • Ensures compliance with all tax reporting requirements including income tax, VAT, and employment taxes.
  • Coordinates with appropriate legal counsel relating to financial and corporate governance compliance and risk assessment matters.

Requirements:

  • Solid experience in a senior finance management role, ideally within the Financial Services sector.
  • You will possess an accountancy qualification.
  • Must be a holder of a CPA warrant.
  • Strong management skills with a proven track record to manage teams.
CREDIT OPERATIONS MANAGER

The Organisation

Finance House plc was incorporated and licensed by the Malta Financial Services Authority in January 2013 as a lending institution offering car loan financing to a diverse portfolio of clients. Finance House is also a member of the Malta Clearing House and holds an interest in AB Finance plc.

Finance House continues to evolve through its online platform that provides a wider range of financing solutions including car, motor bike and boat loans. Finance House stands by its service promise by offering flexibility, efficiency, and convenience.

Today Finance House is looking ahead with a refocused vision that aims to see it growing further in the financial services sector.

The Role

Finance House is currently looking for a Credit Operations Manager (COM) to further strengthen its remit in this crucial area of operations.   The COM is responsible for designing, implementing, operating and continuously improving the back-office functions and processes that underpin Finance House Plc’s product offerings.  The COM will be responsible for credit risk management, credit advances management and product. The COM will design the institutions internal operations in line with governance principles, set up new business processes and support operational development of Information Technology systems. The COM will report to the COO and work closely with the management team and relevant committees. This is a crucial role in a small team.

Job Duties and Responsibilities:

  • Design and continuously improve business processes that support day-to-day operations; outlining process flows, defining operating rules and policies, assigning operational roles and responsibilities, integrating manual operations with IT systems and defining performance metrics.
  • Reviewing all customer risk assessments, evaluate lending practices on business volumes, customer acceptance rates, credit risk profile, default rates and other relevant areas and preparing change documentation as necessary for the Product and/or Risk and Regulatory Committees.
  • Monitoring lending and collections business indicators
  • Overseeing lending customer risk assessment performance
  • Ensuring Institution’s credit, risk scoring and collections documentation is kept updated at all times
  • Ensuring conformity to internal policies, procedures and licensing conditions relating to lending and collections activities
  • Strong involvement in the execution of the Institution’s NPL Reduction Plan
  • Become intimately familiar with the regulatory environment and ensure compliance at all times.
  • Ensure best relations with all stakeholders directly or indirectly attributable to the area of operation
  • Keep track of performance metrics, taking corrective actions, analysing bottlenecks and implementing solutions that bring process performance to the next level.
  • Managing the entire back office processes implies overseeing a wide range of operational activities alongside managing customer relationships. These include but are not limited to:
  • performing credit analysis, establishing direct communication channels with applicants and borrowers, issuing loan agreements, applying payments to individual accounts, identifying delinquent accounts, taking direct collections action, issuing monthly statements, addressing customer claims, etc.
  • Prepare regular presentations on the overall status of the Institution’s operations and deliver results and improvement plans to Senior management.
  • The performance of the COM will be ultimately measured by his/her ability to run a portfolio of consumer loans efficiently while delivering strong results on customer satisfaction.

Competencies and Skills

  •  Ethical fibre
  • Hungry to achieve results and grow personally and professionally
  • A hands-on attitude, not afraid to get involved in front line work in order to get the job done and better understand the business
  • Seeking to work in a start-up environment in which roles and responsibilities may vary over time
  • Can-do attitude
  • Strong interpersonal skills, ability to connect with customers, direct reports and Board members
  • Able to multitask, cope with high-volume operations and challenging targets; deal with pressure
  • Able to deal with uncertainty and make decisions with limited information; action oriented
  • Strong analytical skills and problem solving abilities
  • Passionate about making things happen and being involved in a game-changing business
  • Being connected with the social purpose of the business
  • Eager to learn and develop new skills
  • Both depth and breadth are required, with a fair amount of flexibility and adaptability.

Qualifications and Experience:

 Essential requirements:

  • At least 10 years’ Managerial experience in retail and commercial banking
  • Highly experienced in Credit Risk management with strong knowledge of the full credit lifecycle including acquisition, fraud, account management, collections and recoveries
  • Excellent Project Management skills
  • Familiar with operating IT systems such as CRM and enterprise software. Able to manage incidents, including liaising with IT and stakeholders to ensure smooth resolution, design and implement system changes
  • Numerically savvy, able to work with data, perform analysis and communicate results
  • Experienced in performance management. Capable of understanding process shortcomings and set up key performance indicators to measure improvements
  • Proficient on Microsoft Office Suite
  • Able to build financial models and KPI dashboards using MS Excel.

Highly desirable:

  • Bachelor’s degree in finance, economics, management or equivalent experience
  • Familiar with Consumer Credit regulation
  • Familiar with Product Oversight Governance regulation
  • Experience leading change and developing high performing teams
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