accounting executive

elseco; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

elseco is seeking an Accounting Executive to manage the premium accounting cycle, including reconciliation, bordereaux validation, and automated processes in a technology-driven finance environment. The role emphasizes IFRS compliance, audit support, and accurate month-end close within a Dubai-based operation.

The ideal candidate will have 3–5 years in insurance accounting, with ACA/ACCA/CIMA/CPA or equivalent, strong analytical skills, and proficiency in SAP, Excel, and PowerPoint.

Qualifications

• 3–5 years of accounting experience, preferably in insurance, reinsurance, MGA, or broker.
• Fully qualified ACA/ACCA/CIMA/CPA or equivalent.
• Strong IFRS knowledge.
• Proficient with SAP, Excel, and PowerPoint.
• Ability to work in a fast-paced technology-driven environment.
• Excellent attention to detail and problem-solving.

Responsibilities

• Premium Accounting, Reconciliation & Monitoring: monitor receipts, allocate premiums, reconcile accounts, follow up on discrepancies, and maintain IBA accounts.
• Bordereaux Review and Validation: review monthly/quarterly bordereaux, validate data against underwriting platform and bank records.
• Technology & Automation: leverage digital platforms, automate reconciliations, identify process improvements, work with ATOM and Finance teams.
• Compliance and Controls: adhere to IFRS and internal policies, document for audits, support audits and regulatory reporting.
• Month End Close Support: assist monthly close including IBA transactions and preparation of financial statements and management reports.
• Other tasks as assigned.

Skills

Analytical skills

Reconciliation

SAP

Excel

PowerPoint

Communication skills

Education

ACA/ACCA/CIMA/CPA or equivalent

Tools

SAP

Job description

Job Description:

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

Requirements: