Senior Accountant - Insurance Sector

ACCA Careers; Manama; On-site; BHD 12,000 - 21,000; Full time

Job summary

ACCA Careers in Bahrain is seeking a highly skilled Senior Accountant for our client in the insurance sector. The role emphasizes IFRS reporting, regulatory filings, and producing accurate financial statements.

You will supervise junior accountants, review journal entries, manage month-end closings, and coordinate with internal and external auditors to provide audit support and ensure IFRS 17 compliance. The position offers growth opportunities, a competitive benefits package, and exposure to

Qualifications

• Bachelor's degree in accounting or related field; professional qualification preferred.
• 3–6 years 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.

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 focus on IFRS 17.
• Coordinate with auditors and provide audit support.
• Supervise junior accountants and review their work.
• Perform month-end closing, including accruals, prepayments, depreciation, and adjustments.
• Prepare and review journal entries for branches and agencies.
• Perform reconciliations for banks, clients, insurers, suppliers, and intercompany accounts.

Skills

IFRS

IFRS 17

Regulatory reporting

Management reporting

Auditing coordination

Month-end close

Journal entries review

Education

Bachelor's degree in accounting

Professional qualification preferred (CPA/ACCA)

Job description

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.

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.