Page 45 - JobsPlus - Occupational Handbook

Occupation data
Entry level education / special licences / warrants
Previous experience in a more junior role in finance is required in order to fulfil the position of a Finance Manager. Additionally, most Finance Managers tend to be Accountants. In this case, the acquisition of a Certified Public Accountant (CPA) warrant would be required. This warrant is obtained after an aggregate of three years of work experience in the industry, of which at least one year of experience is gained after academic qualifications have been obtained, subject to the successful completion of the relevant accounting qualification, such as the Bachelor of Accountancy (Honours) (University of Malta) (MQF Level 6). Further studies at Master level (MQF Level 7) would typically be required to progress to a managerial position.
Another route to acquiring the CPA warrant is to follow programmes such as the ACCA (Association of Chartered Certified Accountants) or the ICAEW (Institute of Chartered Accountants in England and Wales) which lead to an internationally recognised accounting certification.
In cases where the Finance Manager is not an Accountant, a qualification at MQF Level 7 in Finance, Management, Business or related areas is required. Training programmes include:
• Executive Master of Business Administration (University of Malta) (MQF Level 7)
For further details on specific entry requirements, it is advisable to consult the respective educational institution’s website.
Qualifications awarded by foreign bodies need to be recognised or pegged with a particular MQF Level by the MQRIC office within NCFHE.
For related training offered by other educational institutions, it is advisable to consult the list of accredited courses on the NCFHE website.
Knowledge and skills
Finance Managers are expected to have:
• An understanding of the industry the organisation is operating in
• Knowledge of financial reporting and accounting standards and regulations
• Proficiency in Mathematics
• The ability to clearly and coherently
explain financial information to clients or
management
• Personnel management skills
• Negotiation skills
• Leadership skills
• The ability to manage conflict
Transferable skills should include:
• Interpersonal skills
• Strong written communication skills in
English
• IT skills
• Organisational and planning skills
• Problem solving and decision making skills
• Time management skills
• The ability to work under pressure and
adhere to tight deadlines
• The ability to work independently and as part
of a team
Number of employees (2017)
645
Share of foreigners (2017)
25%
Job Outlook (2018 - 2022)
+28%
Median Pay (per annum)
€35,000
Occupational Handbook 2018
45