Accounting Executive

elseco Limited; Dubai; Presencial; AED 180.000 - 290.000; Jornada completa

Descripción de la vacante

elseco Limited in Dubai seeks an Accounting Executive to manage the insurance premium accounting cycle, ensuring accurate recording, reconciliation, monitoring and timely settlement of premiums, while reviewing bordereaux and supporting financial reporting. The role emphasizes a technology-driven finance environment with automation and data analytics to boost transparency and efficiency.

The ideal candidate will have 3-5 years of relevant accounting experience in insurance, be ACA/ACCA/CIMA/CPA

Formación

• 3-5 years of relevant accounting experience within insurance or related fields.
• Qualified ACA/ACCA/CIMA/CPA or equivalent finance qualification.
• Strong analytical and reconciliation skills with high attention to detail.

Responsabilidades

• Monitor and record premium receipts from brokers.
• Ensure timely allocation of premium collections to underwriting accounts.
• Perform premium cash clearing and reconciliation between underwriting records, broker statements and bank receipts.
• Investigate and resolve discrepancies.
• Track outstanding premiums and follow up with brokers to ensure timely settlement.
• Process premium settlements to participating members/insurers.
• Maintain and reconcile Insurance Bank Accounts (IBA) monthly.
• Review monthly and quarterly bordereaux report and ensure completeness and accuracy.
• Validate premium data against underwriting platform and bank records.
• Utilize internal digital platforms to monitor premium flows.
• Support automation of reconciliation processes.
• Identify opportunities for process improvements and system automation.
• Work closely with ATOM and Finance teams to improve finance workflows.
• Ensure adherence to IFRS accounting standards and internal finance policies.
• Maintain documentation for audit and regulatory purposes.
• Support internal and external audits relating to premium accounting.
• Ensure compliance with DFSA regulatory reporting requirements where applicable.
• Assist in the monthly closing of books to ensure all entries are recorded in the system (IBA inwards and outward).
• Assist in the preparation of financial statements and management reports.
• Other tasks as assigned.

Conocimientos

Accounting experience

Analytical skills

Reconciliation

Communication skills

Excel & PowerPoint

SAP experience

Educación

ACA/ACCA/CIMA/CPA qualified

Herramientas

SAP

Descripción del empleo

The Accounting Executivewill be responsible for managing and monitoring theinsurance premium accounting cycle.

The role focuses on ensuring theaccurate recording, reconciliation, monitoring and timely settlement of premiums,including the review of bordereaux reports and supporting financial reporting. It also ensures that finance operations are performed efficiently and in compliance with applicable accounting principles and IFRS standards.

The successful candidate will operate in atechnology-enabled finance environment, leveraging automation tools, digital reconciliation processes and data analytics to ensure accuracy, transparency and efficiency in financial operations.

SPECIFIC DUTIES AND RESPONSIBILITIES:

1. Premium Accounting, Reconciliation & Monitoring

• Monitor and recordpremium receipts from brokers.
• Ensure timelyallocation of premium collections to the appropriate underwriting accounts.
• Performpremium cash clearing and reconciliation between underwriting records, broker statements and bank receipts.
• Investigate and resolve discrepancies
• Trackoutstanding premiums and follow up with brokers to ensure timely settlement.
• Processpremium settlements to participating members/insurers
• Maintain and reconcileInsurance Bank Accounts (IBA) monthly

2. Bordereaux Review and Validation

• Reviewmonthly and quarterly bordereaux report and ensure completeness and accuracy.
• Validate premium data against underwriting platform and bank records.

3. Technology & Automation

As elseco operates atechnology-driven underwriting platform, the Accounting Executive is expected to:

• Utilize internal digital platforms to monitor premium flows.
• Supportautomation of reconciliation processes.
• Identify opportunities forprocess improvements and system automation.
• Work closely with ATOM and Finance teams to improve finance workflows.

4. Compliance and Controls

• Ensure adherence toIFRS accounting standardsand internal finance policies.
• Maintain appropriate documentation foraudit and regulatory purposes.
• Supportinternal and external auditsrelating to premium accounting.
• Ensure compliance withDFSA regulatory reporting requirements where applicable.

5. Month End Close Support

• Assist in the monthly closing of books to ensure all entries are entered in the system specifically the Insurance Bank Account (IBA) account inwards and outward transactions
• Assist in the preparation of financial statements & management reports.
• Other tasked assigned.

• 3 to 5 years of relevant accounting experience, ideally within insurance, reinsurance, an MGA, or an insurance broker
• Preferably fully qualified ACA/ACCA/CIMA/CPA (or equivalent finance related qualification)
• Ability to work in a fast-paced and technology-driven environment
• Ability to manage multiple deadlines and priorities
• Strong analytical and reconciliation skills
• High level of accuracy and attention to detail
• Strong communication skills with internal teams and external parties
• Computer literacy with good PowerPoint and Excel skills are expected
• Solid understanding of accounting systems, particularly SAP, is an advantage