Accountant - Finance - Abu Dhabi | Financial Services| Orient Insurance PJSC

Al-Futtaim; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading diversified group in the UAE is looking for an experienced Accountant to oversee accounts receivable and assist in management reporting. The role requires 2-4 years of experience in financial services, ideally within the insurance sector, along with a relevant Bachelor's degree. The Accountant will be responsible for ledger maintenance, report reconciliation, and compliance with statutory requirements, offering a pivotal role in the finance team.

Qualifications

• Minimum 2 to 4 years as accountant in insurance, banking, or financial services in the UAE.
• Exposure to insurance industry in a commercial environment.

Responsibilities

• Supervise preparation of the accounts receivable ledger for timely statement of account.
• Reconcile accounts receivable statements with the general ledger.
• Assist Finance Manager in preparing management reports.
• Compile and collate financial and statistical information for statutory reports.
• Review and analyze reports from branches for accuracy.
• Maintain and update insurance broker accounts.
• Check premium registers for record accuracy.

Skills

Time management and focused delivery of deadlines

Attention to details

Good IT skills

Analytical skills

Ability to perform under pressure

Education

Bachelor’s degree in Finance, Commerce, Business Administration, or related field

Job description

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity, Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Job description

We are currently seeking an Accountant who will provide assistance in preparation of budgets, Management reports, financial statistics required by the Government Ministries and supervise the maintenance of accounts receivable ledger and reconcile the debtors balances with general ledger in an efficient and timely manner consistent with the company’s policies, accounting standards and relevant federal laws.

What you will do :

ACCOUNTS RECEIVABLE LEDGER

• Supervise preparation of the accounts receivable ledger for AOIC Head office in order to provide a timely statement of account to the clients for their information and corrective action as required.

ACCOUNTS RECEIVABLE STATEMENTS

• Reconcile the accounts receivable statements of AOIC’s Head office, branch offices and the chief agency with the general ledger in order to highlight any variances for appropriate follow-up and corrective action by the concerned Management / staff.

MANAGEMENT REPORTS

• Provide assistance to the Finance Manager in collecting and compiling relevant data in order to facilitate preparation of reports related to underwriting and financial matters for timely submission to management for information and decision making as required.

FINANCIAL INFORMATION, STATISTICAL INFORMATION AND STATUTORY REPORTS

• Provide assistance to the Finance Manager in compiling and collating financial and statistical information reports in order to ensure timely submission to the relevant government departments to comply with the stipulated statutory requirements.

MONITORING OF BRANCH OFFICE REPORTS

• Review and analyze the reports submitted by branches in order to verify their financial accuracy and assign an accounting effect to their respective transactions.

INSURANCE BROKER ACCOUNTS

• Maintain and up-date the accounts of the insurance brokers in order to verify and highlight any variances for appropriate corrective action.

PREMIUM REGISTERS

• Check the premium registers in order to verify the accuracy of records and identify variances for appropriate remedial actions.

Required skills to be successful :

• Time management and focused delivery of deadlines
• Attention to details
• Good IT skills and analytical skills.
• Ability to perform under pressure

What equips you for the role :

• Minimum 2 to 4 years as accountant in insurance, banking, or financial services in the UAE
• Bachelor’s degree in Finance, Commerce, Business Administration, or a related field
• Exposure to insurance industry in a commercial environment.

About Orient Insurance PJSC

Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The Company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of AED 500 Million which is the highest in the insurance industry in UAE. With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman, Riyadh in Kingdom of Saudi Arabia and Bahrain.