Financial Controller

Intelligent Solutions HR; Ras Al Khaimah; On-site; AED 400,000 - 800,000; Full time

Job summary

Intelligent Solutions HR is recruiting a Financial Controller for a leading UAE insurer. The role oversees finance operations, reporting, controls, budgeting, forecasting, and tax compliance, ensuring IFRS 17 and CBUAE regulatory adherence.

The ideal candidate will bring extensive experience in insurance finance, strong governance, and a track record of driving efficiency and automation across the finance function in a fast-paced environment.

Qualifications

• 8–12 years of relevant finance experience with at least 5 years in a senior leadership role.
• Experience in insurance accounting, financial reporting, IFRS, and IFRS 17.
• Proven experience with CBUAE regulatory reporting and UAE insurance requirements.
• Experience with IFRS 17 implementation and reporting.
• Experience managing audits, regulatory reporting, and finance transformation initiatives.
• Big Four audit experience is preferred.

Responsibilities

• Oversee monthly, quarterly, and annual financial reporting with IFRS 17 compliance.
• Lead ICFR framework, risk assessment, control testing, and remediation.
• Coordinate budgeting, rolling forecasts, variance analysis, and strategic finance insights.
• Manage treasury, cash flow, accounts payable/receivable, and banking relationships.
• Oversee tax compliance (VAT and corporate tax) and regulatory reporting.
• Mentor the finance team and drive continuous process improvements.

Skills

Leadership

Strategic thinking

Analytical

Communication

Stakeholder management

Negotiation

Problem solving

Attention to detail

Education

Bachelor's degree in Accounting/Finance

Master's degree in Finance/MBA

ACA/ACCA/CPA/CA or equivalent

Tools

ERP systems

Microsoft Excel

Financial modelling

Job description

General Overview:

We are hiring for our client, a leading organization in the insurance sector, seeking an accomplished Financial Controller to join their finance leadership team in Dubai. The role will be responsible for overseeing the day-to-day Finance function while ensuring strong financial reporting, controls, regulatory compliance, budgeting, forecasting, and financial operations.

This is a high-impact opportunity for a finance professional with strong insurance industry expertise who can strengthen financial governance, drive reporting excellence, support strategic decision-making, and lead continuous improvements across the Finance function.

Key Responsibilities:

Financial Reporting & Regulatory Compliance:

• Oversee monthly, quarterly, and annual financial reporting, ensuring accuracy and compliance with IFRS, IFRS 17, and applicable accounting standards.
• Ensure the integrity of financial statements, disclosures, general ledger, and chart of accounts.
• Coordinate the preparation of Board, management, shareholder, and regulatory reporting.
• Lead the preparation and submission of CBUAE regulatory returns and ensure compliance with applicable reporting requirements.

Financial Controls, Risk & Governance:

• Lead and manage the Internal Control over Financial Reporting (ICFR) framework, including risk and control matrices, control testing, and remediation of deficiencies.
• Monitor the effectiveness of financial controls and strengthen the overall financial control environment.
• Identify, assess, and monitor financial and operational risks impacting the Finance function.
• Ensure finance activities remain aligned with internal policies, regulatory requirements, and financial control standards.

Budgeting, Forecasting & Business Performance:

• Coordinate annual budgeting, rolling forecasts, financial projections, and variance analysis.
• Monitor actual financial performance against budget and provide meaningful management insights.
• Support business planning and strategic initiatives through robust financial analysis.
• Assist senior leadership in evaluating business opportunities and investment proposals.

Treasury, Audit & Tax:

• Oversee treasury operations, cash management, liquidity monitoring, and banking relationships.
• Oversee accounts payable, receivable, reconciliations, and financial transaction processes.
• Manage relationships with Internal Audit, External Auditors, regulatory authorities, and other key stakeholders.
• Oversee VAT and Corporate Tax compliance, including filings, tax governance, documentation, audits, and engagement with the Federal Tax Authority.

Finance Leadership & Continuous Improvement:

• Lead, develop, and mentor the Finance team while supporting succession planning and professional development.
• Review and enhance finance policies, procedures, systems, workflows, and controls.
• Identify opportunities for automation, efficiency, and cost optimisation across Finance operations.
• Drive continuous improvement and ensure finance processes remain aligned with business objectives.

Key Requirements:

Education & Professional Qualifications:

• Bachelor’s Degree in Accounting, Finance, or a related discipline.
• Master’s Degree in Finance, Business Administration, or a related field is preferred.
• Professional accounting qualification such as ACA, ACCA, CPA, CA, or equivalent.

Experience & Insurance Expertise:

• 8–12 years of relevant finance experience, including at least 5 years in a senior finance leadership position.
• Strong experience in insurance accounting, financial reporting, IFRS, and IFRS 17.
• Proven experience with CBUAE regulatory reporting and UAE insurance industry requirements.
• Experience with IFRS 17 implementation and reporting.
• Experience managing audits, regulatory reporting, and finance transformation initiatives.
• Big Four audit experience is preferred.

Technical & Financial Expertise:

• Strong knowledge of ICFR, risk and control assessment, budgeting, forecasting, financial modelling, treasury, and cash flow management.
• Strong understanding of UAE VAT and Corporate Tax compliance.
• Proficiency in financial systems, ERP platforms, and advanced Microsoft Excel.
• Strong understanding of financial governance, reporting controls, and regulatory requirements.

Leadership & Professional Skills:

• Strong leadership, strategic thinking, analytical, problem-solving, and commercial skills.
• Excellent stakeholder management, communication, influencing, and negotiation abilities.
• High level of integrity, professionalism, attention to detail, and accountability.
• Ability to manage multiple priorities and deliver high-quality outcomes in a fast-paced environment.