Accounts Payable Executive - Insurance

AlFuttaim; Dubai; On-site; AED 78,120 - 111,600; Full time

Job summary

AlFuttaim is looking for an Accounts Payable Executive in Dubai to manage insurance-related payments, ensuring accuracy and compliance with VAT regulations. This role involves processing claims, validating broker commissions, and supporting finance operations within a regulated environment.

The ideal candidate will have 2-5 years of experience in accounts payable, preferably in the insurance sector, and a strong background in handling high-volume transactions. Join us to enhance your career in Dubai’s thriving insurance market.

Qualifications

• 2-5 years of experience in accounts payable, preferably within insurance or financial services.
• Hands-on exposure to insurance-specific payables such as claims, reinsurance settlements, and premium refunds.
• Strong understanding of UAE VAT requirements and payment controls.

Responsibilities

• Process claims-related payments to garages, hospitals, policyholders, and approved service providers.
• Validate broker commission statements against agreements before payment processing.
• Manage reinsurance payables, including treaty and facultative settlements.

Skills

Accounts payable

Insurance accounting

Claims payments

Broker commissions

Reinsurance payables

VAT compliance

Microsoft Excel

Education

Bachelor's degree in Accounting or Finance

Tools

ERP systems

Accounting systems

Job description

Job Snapshot

Role: Accounts Payable Executive - Insurance

Location: Dubai, United Arab Emirates

Industry: Insurance

Function: Accounting-Finance

Experience: 2-5 years in accounts payable, insurance accounting, or financial services payables

Job Type: Full-time

Job Details

Country: United Arab Emirates

City: Dubai

Industry: Insurance

Function: Accounting-Finance

Salary: 7000-10000

Gender: Any

Candidate Nationality: Any

Job Type: Full-time

Context

The Accounts Payable Executive - Insurance helps maintain financial accuracy across insurance payables, supplier obligations, broker commission payments, claims-related disbursements, and reinsurance settlements. The position works closely with claims, medical, underwriting, reinsurance, finance, vendors, brokers, and banking teams to reduce payment delays, resolve discrepancies, protect compliance standards, and support clean month‑end reporting. Strong execution in this role improves cash control, audit readiness, stakeholder confidence, and the reliability of financial operations in a regulated insurance environment.

Key Responsibilities

• Process claims-related payments to garages, hospitals, policyholders, and approved service providers in coordination with claims and medical teams.
• Validate broker commission statements against agreements, policy records, and approved commission structures before payment processing.
• Manage reinsurance payables, including treaty and facultative settlements, while following contractual terms and internal approval procedures.
• Review and process premium refunds with proper documentation, authorization, policy validation, and compliance checks.
• Verify vendor invoices for accuracy, supporting documents, approvals, VAT treatment, and correct accounting entries before posting.
• Execute approved payments through bank transfers, cheques, or other authorized payment methods in line with company procedures.
• Maintain vendor master data, supplier records, bank details, payment terms, and documentation with strong accuracy.
• Monitor high-volume payment queues and prioritize urgent settlements without compromising control requirements.
• Support reconciliation of vendor balances, payables ledgers, broker commissions, claims settlements, and insurance-related accounts.
• Coordinate with claims, underwriting, reinsurance, finance, vendors, and brokers to investigate and clear payment discrepancies.
• Ensure compliance with VAT rules, input VAT validation, audit requirements, regulatory expectations, and insurance accounting controls.
• Assist with month‑end closing activities, accrual support, payable schedules, settlement reports, and audit file preparation.
• Prepare periodic reports covering payables, commission payments, outstanding settlements, vendor balances, and processing status.
• Respond to vendor, broker, and internal stakeholder queries in a professional and timely manner.
• Identify recurring errors or process gaps and support improvements that strengthen payment accuracy and operational efficiency.

Ideal Profile

The ideal candidate should have a solid background in accounts payable, insurance accounting, financial services payments, or high-volume finance operations. A bachelor's degree in Accounting, Finance, or a related discipline is required, supported by practical knowledge of claims payments, broker commissions, reinsurance transactions, vendor invoices, and reconciliations.

• 2-5 years of experience in accounts payable, preferably within insurance or financial services.
• Hands‑on exposure to insurance‑specific payables such as claims, reinsurance settlements, broker commissions, and premium refunds is highly preferred.
• Strong understanding of UAE VAT requirements, invoice validation, payment controls, and finance documentation standards.
• Experience using ERP, accounting systems, payment platforms, and Microsoft Excel.
• Ability to manage large transaction volumes with strong accuracy and attention to detail.
• Good reconciliation skills for payables, vendor accounts, claims payments, broker balances, and settlement records.
• Clear communication skills for dealing with brokers, vendors, claims teams, underwriting, reinsurance, and finance stakeholders.
• Ability to work independently, meet tight deadlines, and maintain control discipline during busy payment cycles.
• Practical understanding of audit requirements, internal controls, approval workflows, and regulatory compliance.
• Organized approach to documentation, query handling, reporting, and month‑end support.

Skills Set

• Accounts payable
• Insurance accounting
• Claims payments
• Broker commissions
• Reinsurance payables
• Treaty settlements
• Facultative settlements
• Premium refunds
• Vendor invoice processing
• Vendor payments
• VAT compliance
• Input VAT validation
• ERP systems
• Accounting systems
• Microsoft Excel
• Bank transfers
• Cheque payments
• Vendor master data
• Payment documentation
• Payables reconciliation
• Vendor balance reconciliation
• Commission statement validation
• Month‑end closing support
• Audit support
• Internal controls
• Regulatory compliance
• Financial reporting
• Stakeholder coordination
• Discrepancy resolution
• High‑volume transaction processing

Why Join Us

This opportunity is well suited for an accounts payable professional who wants to grow within Dubai's Insurance sector, where accuracy, compliance, and payment reliability are essential to business performance. The role offers exposure to insurance-specific finance operations, claims settlements, broker networks, reinsurance transactions, VAT controls, and structured financial reporting. It provides a stable platform for someone who enjoys detailed payment work, cross‑functional coordination, and the discipline of finance operations in a regulated market.

About the Company

Orient Insurance PJSC is part of Al‑Futtaim Group and has operated in the UAE insurance market since 1982. Headquartered in Dubai, United Arab Emirates, the company provides insurance solutions through a regional branch network covering the UAE and other Gulf markets. With strong financial backing, established market presence, and broad insurance operations, Orient Insurance supports customers through professional underwriting, claims, reinsurance, broker coordination, and finance processes built around trust, compliance, and service quality.