Financial Controller

Munich Re; Dubai; On-site; AED 367,000 - 441,000; Full time

Job summary

A leading global insurance firm in Dubai seeks a Financial Controller to oversee financial processes, ensure IFRS compliance, and lead a team. The candidate must have a Bachelor's degree in Accounting or Finance, professional certification preferred, and 8–12 years of relevant experience. Responsibilities include managing financial closings, preparing financial statements, and ensuring internal controls. Strong analytical skills, attention to detail, and experience with Oracle Cloud ERP are essential for this role.

Qualifications

• 8–12 years of progressive experience in accounting and financial reporting.
• Experience managing financial close and consolidation processes.
• Strong knowledge of IFRS and statutory reporting requirements.

Responsibilities

• Lead and manage the financial close process, ensuring accuracy and timeliness.
• Oversee preparation of financial statements in accordance with IFRS.
• Ensure integrity of general ledger and financial reporting.

Skills

Financial reporting

Analytical skills

Problem-solving

Attention to detail

Knowledge of IFRS

Education

Bachelor’s degree in Accounting or Finance

Professional certification (CPA, ACCA, CMA)

Tools

Oracle Cloud ERP

Job description

Financial Controller Munich Re • Dubai, AE

MedNet’s Finance department safeguards and manages the organization’s financial integrity and sustainability. Its core functions encompass strategic financial planning, budgeting and forecasting, performance management, treasury and capital management, accounting and financial reporting, procurement and accounts payable, credit management, and corporate tax compliance. The department ensures the prudent allocation of resources, effective risk management, and the ongoing financial stability and growth of the organization. Operating as a shared services centre for all legal entities and business units, the finance team comprises over 20 professionals.

Key duties and responsibilities include:

• Lead and manage the monthly, quarterly, and annual financial close process, ensuring accuracy and timeliness.
• Oversee preparation of financial statements in accordance with IFRS, Munich Re Group accounting policies and standards, and applicable regulatory requirements.
• Ensure integrity of general ledger, reconciliations, and supporting schedules.
• Maintain and strengthen internal controls, accounting policies, and financial procedures.
• Coordinate and manage external audits and statutory reporting requirements.
• Monitor balance sheet integrity, working capital, and financial reporting risks.
• Support budgeting and forecasting processes from a technical accounting and consolidation perspective.
• Ensure compliance with regulatory, governance, and financial reporting obligations.
• Drive continuous improvement in finance processes, systems, and reporting automation.
• Supervise and develop the accounting and reporting team.

Your profile:

• Bachelor’s degree in Accounting, Finance, or related field.
• Professional certification (CPA, ACCA, CMA or equivalent) strongly preferred.
• 8–12 years of progressive experience in accounting and financial reporting.
• Experience in financial services, insurance, healthcare, or regulated environments preferred.
• Strong knowledge of IFRS and statutory reporting requirements.
• Experience managing financial close and consolidation processes.
• Solid understanding of internal controls and audit processes.
• Experience coordinating with external auditors and regulatory authorities.
• Proficiency with ERP systems and financial reporting tools. Experience with Oracle Cloud ERP strongly preferred.
• Strong analytical and problem‑solving skills.
• High attention to detail and commitment to accuracy.
• Ability to operate effectively in a fast‑paced and regulated environment.
• Experience in the Middle East region preferred.

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.