Finance & Insurance Officer

Black Pearl Consult; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A reputable consulting firm in Dubai is seeking a Finance Officer to manage general insurance and trade finance activities. The ideal candidate should have 2-3 years of relevant experience, strong risk management skills, and proficiency in MS Excel and ERP systems like SAP. Fluency in English is required, and knowledge of Arabic is a plus. This role includes handling relationships with banks and insurance vendors, ensuring compliance, and facilitating financial processes.

Qualifications

• Bachelor's degree or equivalent in relevant field.
• 2-3 years of experience in risk management and trade finance.
• Proficient in MS Excel and familiar with ERP systems.

Responsibilities

• Manage and maintain General Insurance policies.
• Negotiate with insurance brokers for policy renewals.
• Handle insurance claims and liaise with various stakeholders.
• Assist in financial reporting and prepare reconciliation statements.

Skills

Risk management

Trade finance

Strong communication

MS Excel proficiency

Experience with banks and insurance vendors

Education

Bachelor’s degree in Commerce

CA Inter or CMA Inter qualification

Tools

SAP

Job description

Job Overview

We are seeking a dedicated Finance Officer to join our team, focusing on risk management, insurance coordination, and trade finance activities. The ideal candidate will have experience working in a large organization, managing general insurance policies, handling trade finance requirements, and maintaining effective relationships with banks and insurance vendors.

Key Responsibilities

• Manage and maintain all General Insurance policies, including Property All Risk, Marine, Motor Fleet, and others.
• Liaise with insurance companies to ensure compliance with Trade and General Insurance requirements.
• Coordinate with the Projects team on erection insurance and integrate completed projects into general insurance coverage.
• Negotiate with insurance brokers to renew all insurance policies before expiry, securing the best possible terms and rates.
• Initiate and manage insurance claims in coordination with relevant departments until settlement.
• Assess risk activities and recommend or arrange appropriate new insurance policies.
• Handle opening of import LCs as required and ensure timely release of import documents from banks, handing them over to the Supply Chain team.
• Maintain strong relationships with banks and financial institutions, providing necessary documentation and updated KYC details.
• Manage official correspondence with banks and other entities via calls and emails concerning both organizational and staff matters.
• Provide essential information to internal and external auditors to ensure smooth audit processes.
• Prepare Bank Reconciliation Statements and support financial reporting requirements.

Requirements

• Bachelor’s degree in Commerce, CA Inter, or CMA Inter qualification.
• 2–3 years of relevant experience in risk management and trade finance within a large organization.
• Proficiency in MS Excel and ERP systems, particularly SAP.
• Fluency in English; knowledge of Arabic is an added advantage.
• Experience dealing with banks and insurance vendors.