Finance Executive

GIG Gulf; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading insurance company is seeking a finance operations specialist in Dubai. This role involves managing daily finance operations, ensuring regulatory compliance, and acting as a business partner to various teams. Applicants should have a Bachelor's degree in Accounting, 2-3 years of UAE experience in finance operations, and strong analytical skills. The position offers an exciting opportunity within a dynamic team at a well-respected company in the insurance sector.

Qualifications

• 2-3 years of experience in finance operations or financial control in the UAE market.
• Exposure to finance systems with strong spreadsheet skills.
• Self-starter with results-oriented and analytical mindset.

Responsibilities

• Perform day-to-day finance operations, including receipting and payment activities.
• Ensure compliance with financial reporting and solvency requirements.
• Act as a Finance Business Partner providing insights for decision-making.

Skills

Finance operations

Financial control

Spreadsheet skills

Organizational abilities

Interpersonal skills

Customer orientation

Education

Bachelor's degree in Accounting

Job description

Who we are

GIG Gulf is part of the Gulf Insurance Group (GIG), the #1 regional composite insurer in MENA, with a presence in 12 markets including the United Arab Emirates, Bahrain, Oman, Qatar, Saudi Arabia, Algeria, Egypt, Iraq, Jordan, Kuwait, Lebanon, and Turkey. GIG Group reported consolidated assets of US$4.01 billion and a net profit of US$84 million for the year 2024.

The majority shareholder of GIG Group is Fairfax Financial Holdings, a global leader in insurance and reinsurance, with a presence in 40 markets. Listed on the Toronto Stock Exchange and part of the Fortune 500, Fairfax was founded in 1985 and has always had a strong focus on long-term growth and financial resilience. It follows a decentralized model, empowering local leadership teams—many of whom have over 20 years of tenure—with trust and accountability. Fairfax’s culture, rooted in its guiding principles, is reflected across all of its subsidiaries.

GIG Gulf is an ‘A’-rated regional insurer with a top 5 position in each of its core markets: the UAE, Oman, Qatar, and Bahrain. With over 70 years of regional presence, GIG Gulf combines a strategic focus on growth and investment with a comprehensive portfolio of insurance products and services tailored to corporates, SMEs, and individual customers. It also holds a 50% stake in GIG Saudi. The company’s strategic priorities are centered around regional growth, customer experience, and digital transformation.

GIG Gulf fosters a diverse and inclusive culture, employing over 800 people from 60+ nationalities, across 15 branches and retail outlets throughout the region. Serving over 1 million customers, GIG Gulf positions itself as a caring partner—committed to helping customers achieve their goals and lead fulfilling lives. Passionate about customer feedback, the company is constantly evolving to become the region’s digital insurer of reference, operating in a responsible and sustainable way.

Job purpose:

To support the UAE Finance Operations team by handling day-to-day operational finance activities.

The role is primarily responsible for executing assigned finance operations, accounting, control, and reporting tasks, ensuring they are completed within agreed timelines and to a high standard of accuracy and quality.

The role also provides support to the UAE Accounts Manager across additional responsibilities, including audit and regulatory engagements, system implementations and rollouts, UAT testing, and industry-related initiatives.

Key Responsibilities:

Financial Accounting, Operations & Controls

• Perform day-to-day finance operations, including receipting, refund processing, banking, and payment activities.
• Execute assigned control, reconciliation, and reporting activities in line with established processes.
• Ensure all tasks are completed within agreed timelines, maintaining a high level of accuracy and quality.
• Ensure the operating effectiveness of financial controls within assigned processes.
• Identify and recommend improvements to existing processes to enhance efficiency and strengthen controls.
• Maintain and update process documentation related to assigned activities, controls, and reporting.
• Support the UAE Accounts Manager during external audits by providing required documentation and supporting information.
• Assist with internal audit and risk management requirements related to branch activities.
• Support inter-departmental coordination with business units, credit control, legal compliance, HR, and other functions as required.
• Participate in finance and business projects, ensuring effective implementation and post-implementation support when required.

Regulatory Compliance, Governance & Reporting

• Support compliance with financial reporting and solvency requirements in line with applicable insurance regulatory standards.
• Prepare and support ad-hoc reporting requirements, including surveys and data requests from regulatory authorities.
• Maintain compliance with UAE financial regulatory requirements in coordination with the Accounts Manager and Finance Manager.
• Build and maintain effective working relationships with key stakeholders across UAE operations.

Finance Business Partnering

• Act as a Finance Business Partner to operations, claims, and retail teams by providing financial insights to support decision-making and operational improvements.
• Collaborate with Finance Managers across branch operations on operational matters such as inter-branch and intercompany reconciliations.
• Support control functions including internal audit, risk management, IT security, and compliance requirements.
• Prepare management reports and financial dashboards, providing insights to senior finance leadership on refunds, payment processing, and other operational activities.

Minimum Requirements:

Essential:

• The candidate must be currently residing in the UAE.
• Bachelor's degree in Accounting is required
• 2-3 years of experience in finance operations or financial control in the UAE market is required.
• Exposure to finance systems with strong spreadsheet skills
• Self-starter with a results-oriented, analytical, and solution-focused mindset
• Strong planning, organizational, and multitasking abilities
• Effective stress and time management skills to meet deadlines
• Strong interpersonal and communication skills
• High level of customer orientation
• Strong team player

Desirable:

• Experience within the insurance industry
• Background in internal control or internal audit
• Proficiency in Arabic is preferred.