Senior Accountant - Insurance Sector

Grant Thornton Abdulaal Bahrain; Bahrain; On-site; BHD 15,000 - 25,000; Full time

Job summary

Grant Thornton Abdulaal Bahrain is seeking a highly skilled Senior Accountant for a permanent role in the insurance sector. The ideal candidate will have 3–6 years of experience in accounting and a strong knowledge of IFRS compliance and insurance industry standards.

This opportunity involves preparing management reports, financial statements, and coordinating audits, alongside supervising junior accountants. The position offers a competitive salary and benefits, with potential for professional growth.

Qualifications

• 3–6 years of accounting experience in the insurance industry.
• Strong experience in regulatory reporting and IFRS compliance.
• Working knowledge of IFRS 17.

Responsibilities

• Prepare management reports and financial statements in accordance with IFRS.
• Coordinate with internal and external auditors.
• Supervise junior accountants and ensure timely task completion.
• Perform month-end closing and prepare journal entries.

Skills

Regulatory reporting

Management reporting

IFRS compliance

Insurance accounting standards

Education

Bachelor's degree in accounting

Additional professional qualification

Job description

About the job Senior Accountant - Insurance Sector

Position: Senior Accountant – Insurance Sector

Employment: Hiring for a leading Insurance Company in Bahrain

Job Overview

We are seeking a highly skilled and experienced Senior Accountant to join our client in the insurance sector. The ideal candidate will have a strong background in accounting and a deep understanding of the insurance industry. This is a full-time, permanent position based in Bahrain.

Key Responsibilities

• Prepare management reports, including monthly actual vs. budget and sales forecast analysis.
• Prepare and submit mandatory regulatory filings within statutory deadlines.
• Prepare financial statements in accordance with IFRS, with specific focus on IFRS 17.
• Coordinate with internal and external auditors and provide required audit support.
• Supervise junior accountants, review their work, and ensure timely completion of tasks.
• Perform month-end closing, including accruals, prepayments, depreciation, and adjustments.
• Prepare and review journal entries for branches and agencies.
• Perform reconciliations for banks, clients, insurance companies, workshops, suppliers, and interbranch/intercompany accounts.
• Review receipts and supporting documents related to claims, payments, refunds, and suppliers/providers.
• Prepare payment vouchers, cheques, and related accounting records.
• Maintain and update the fixed assets register.
• Prepare monthly employee deduction vouchers.
• Prepare and manage bank and supplier confirmations on a periodic basis.
• Perform other duties as assigned by management.

Education

Bachelor's degree in accounting or a related field with additional professional qualification is preferred.

Experience & Knowledge

• 3–6 years of accounting experience in the insurance industry.
• Strong experience in regulatory reporting, management reporting, and IFRS compliance.
• Working knowledge of IFRS 17 and insurance accounting standards.

The job offers a competitive salary and benefits package, as well as opportunities for professional growth and development. If you are a dedicated and experienced Senior Accountant with a passion for the insurance industry, we would love to hear from you.

For further information, and to apply, please visit our website via the “Apply” button below.