Finance and Accounts Receivable Officer - Insurance

AlFuttaim; Dubai; On-site; AED 67,000 - 100,000; Full time

Job summary

Orient Insurance PJSC, part of Al-Futtaim Group, seeks a Finance and Accounts Receivable Officer in Dubai to support AR management, financial and regulatory reporting, and broker accounts.

You will supervise AR records, reconcile balances with the general ledger, assist with budgets and government reporting, and ensure timely, accurate financial information across the head office and branches.

Qualifications

• Bachelor's degree in Finance or Accounting.
• Fresh graduate or 1-2 years' experience in banking or insurance.
• Based in Dubai or able to join immediately.
• UAE national with Family Book (Emiratization) preferred.

Responsibilities

• Supervise accounts receivable ledger preparation and maintenance.
• Reconcile debtor balances with the general ledger and identify discrepancies.
• Support regulatory reporting and financial/statistical reporting activities.
• Maintain insurance broker accounts and verify premium registers as required.

Skills

Accounts Receivable

Financial Reporting

Regulatory Reporting

Analytical Thinking

Attention to Detail

Education

Bachelor's degree in Finance or Accounting

Tools

Excel

MS Office

Job description

Finance and Accounts Receivable Officer - Insurance Job Snapshot - Role: Finance and Accounts Receivable Officer - Location: Dubai, United Arab Emirates - Industry: Insurance - Function: Accounting-Finance - Experience: Fresh graduate or 1-2 years of experience in banking or insurance - Job Type: Full Time - Work Arrangement: On-site

Orient Insurance PJSC, part of Al-Futtaim Group, is seeking a finance and accounting professional to support accounts receivable management, financial reporting and regulatory reporting activities in Dubai, United Arab Emirates. The role involves supervising the preparation and maintenance of accounts receivable records, reconciling debtor balances with the general ledger, reviewing branch financial reports and supporting the Finance Manager with budgets, management reports and financial statistics. You will also maintain insurance broker accounts, verify premium registers and assist with the preparation of financial information required by government departments. This opportunity is intended for Emirati candidates holding a Family Book, including fresh graduates and applicants with one to two years of relevant banking or insurance experience. The successful candidate will demonstrate strong analytical abilities, attention to detail, proficiency in Microsoft Office and the ability to meet reporting deadlines while maintaining accounting accuracy.

Job Details

• Country: United Arab Emirates


• City: Dubai


• Industry: Insurance


• Function: Accounting-Finance


• Salary: Not disclosed


• Gender: No Preference


• Candidate Nationality: United Arab Emirates


• Job Type: Full Time


• Work Arrangement: On-site

Key Responsibilities

• Accounts Receivable Management - Supervise the preparation and maintenance of the accounts receivable ledger for Orient Insurance's head office.


• Ensure client statements of account are prepared and made available in a timely manner.


• Monitor the accuracy of debtor balances and related accounting records.


• Identify discrepancies in accounts receivable information and support appropriate corrective action.


• Maintain accounting records in accordance with company policies and applicable accounting standards.


• Support efficient and accurate management of receivables across the business.

General Ledger Reconciliation

• Reconcile accounts receivable statements from the head office, branch offices and chief agency with the general ledger.


• Identify differences between debtor records and general ledger balances.


• Highlight reconciliation variances to the appropriate management or staff members.


• Support follow-up activities to resolve identified discrepancies.


• Maintain accurate reconciliation information for financial reporting purposes.


• Ensure reconciliation activities are completed within required timelines.

Financial Reporting and Budget Support

• Assist the Finance Manager with the collection and compilation of financial information.


• Support the preparation of budgets and management reports.


• Compile relevant data for underwriting and financial reporting.


• Help ensure financial information is available for management review and decision-making.


• Maintain accuracy when preparing financial schedules and supporting documentation.


• Complete assigned reporting activities within agreed deadlines.

Regulatory and Government Reporting

• Assist the Finance Manager in compiling financial and statistical information required by government departments.


• Support the preparation of reports for submission to relevant government ministries and authorities.


• Ensure financial reporting information is accurate and appropriately organized.


• Contribute to timely compliance with applicable statutory reporting requirements.


• Follow company procedures, accounting standards and relevant federal laws when preparing financial information.

Branch Financial Review

• Review financial reports submitted by branch offices.


• Analyze branch financial information to verify accuracy.


• Identify discrepancies or inconsistencies requiring clarification.


• Determine the appropriate accounting treatment for relevant branch transactions.


• Coordinate with concerned colleagues to support accurate financial recording.


• Maintain attention to detail when reviewing branch accounting information.

Insurance Broker Accounts

• Maintain and update accounting records relating to insurance brokers.


• Review broker account information for accuracy and completeness.


• Identify differences in broker balances and related transactions.


• Highlight discrepancies requiring management attention or corrective action.


• Support accurate recording and monitoring of broker-related financial information.

Insurance Premium Register Verification

• Review insurance premium registers to verify the accuracy of recorded information.


• Identify differences or irregularities in premium records.


• Report discrepancies for appropriate follow-up and remedial action.


• Support the reliability of premium-related accounting information.


• Maintain accurate documentation of relevant verification activities.

Required Qualifications and Experience

• Bachelor's degree in Finance or Accounting.


• UAE national candidate under the Emiratization initiative, with a Family Book.


• Fresh graduate or 1-2 years of experience in a banking or insurance company.


• Currently residing in Sharjah or Dubai.


• Ability to join immediately.


• Ability to prioritize work and meet agreed turnaround times.


• Good knowledge of Microsoft Office applications, including Excel, Word and PowerPoint.


• Ability to use Microsoft Outlook and internet applications effectively.

Required Skills and Competencies

Accounting and Financial Analysis

• Strong attention to financial accuracy and detail.


• Good analytical and numerical skills.


• Ability to review accounting information and identify discrepancies.


• Understanding of financial reporting and reconciliation activities.


• Ability to organize financial data for management and statutory reporting.


• Careful approach to maintaining accounting records.

Computer and Reporting Skills

• Good proficiency in Microsoft Excel.


• Working knowledge of Microsoft Word and PowerPoint.


• Ability to use Microsoft Outlook and internet applications.


• Competence in preparing and organizing financial information.


• Accuracy when working with accounting records and reporting documents.

Organization and Time Management

• Ability to prioritize multiple assignments.


• Strong time management skills.


• Commitment to meeting deadlines and agreed turnaround times.


• Ability to work under pressure while maintaining accuracy.


• Organized approach to documentation and reporting responsibilities.

Professional Attributes

• Proactive and self-motivated.


• Strong attention to detail.


• Responsible approach to financial information.


• Ability to manage several tasks simultaneously.


• Commitment to timely completion of assigned work.


• Willingness to support the Finance Manager and collaborate with relevant departments.

Candidate Eligibility

• UAE nationality under the Emiratization initiative.


• Possession of a Family Book.


• Bachelor's degree in Finance or Accounting.


• Fresh graduate status or 1-2 years of relevant experience in banking or insurance.


• Residence in Dubai or Sharjah.


• Availability to join immediately.

About Orient Insurance PJSC

Orient Insurance PJSC commenced operations in 1982 as part of Al-Futtaim Group. The company operates in the UAE insurance market and provides insurance services through its head office in Dubai and a wider branch network. Its UAE locations include Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah. Orient Insurance also maintains a regional presence in Muscat, Oman; Riyadh, Saudi Arabia; and Bahrain. The company has a paid-up capital of AED 500 million and operates within the insurance sector as part of Al-Futtaim Group.

About Al-Futtaim Group

Al-Futtaim Group is a privately held regional business headquartered in Dubai, United Arab Emirates. Established in the 1930s, the Group operates across automotive, financial services, real estate, retail and healthcare. Orient Insurance forms part of the Group's financial services and insurance activities. The Group's values of Respect, Excellence, Collaboration and Integrity support its approach to customers, employees and business partners.