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Finance Executive - Insurance

16/08/2024
PermanentUAEOn site
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Description du poste

Here’s a mixed order of the bullet points:


- Facilitate the collection of HAAD payments and coordinate with Operations for account notifications.

- Prepare broker commission statements and manage the processing of payments.

- Manage the Collections Register, ensuring that all receipts (including premium, HAAD, and non-AR) are accurately recorded.

- Issue manual debit and credit notes for AR-related party transactions on a monthly basis.

- Assist Operations in issuing manual invoices and support month-end sales invoice bookings in the system.

- Oversee and maintain the Accounts Receivables Master Report, including managing collections, broker commissions, and premium refunds, with a focus on transitioning to a new insurance core system.

- Ensure all relevant documentation is submitted in accordance with accounting and auditing standards, including signed quotations, broker agreements, VAT certificates, tax invoices, and regulatory licenses.

- Accurately record premium collections in the system, ensuring proper reconciliation of broker accounts and timely processing of commission payments.

- Manage the full range of finance functions within the Microsoft Business Central (MBC) accounting system, driving the implementation of process simplifications across the finance function.

- Assist with the monthly closing process and support audits by reconciling accounts receivable and broker payables ledgers, as well as preparing balance confirmations.

- Ensure the timely collection of premiums for assigned clients, including both direct and broker accounts, while adhering to credit terms.

- Maintain consistent communication through email and phone to ensure prompt and accurate collection of premiums, in accordance with credit control policies and guidelines.

- Securely manage petty cash, ensuring all disbursements are properly supported, approved, and replenished in a timely manner.

- Prepare and present weekly Accounts Receivable (AR) aging and collection reports to management for analysis and decision-making.

- Process premium refunds as requested, ensuring compliance with internal procedures and documentation requirements.

- Perform additional tasks as assigned by the Head of Finance.

Description du profil

Industry Experience:

  • Advanced proficiency in Microsoft Office, especially Excel, and experience with multiple accounting systems (focused on MBC).
  • Deep understanding of accounting principles, particularly those related to Accounts Receivables and Accounts Payables. IFRS 17 knowledge is a plus.

Technical Expertise:

  • Experience with computerized accounting systems and the ability to leverage technology for improved financial management.
  • Effective communication skills, both written and verbal, with a demonstrated ability to present complex financial information clearly.
  • Strong knowledge of generally accepted accounting principles (GAAP).

Qualifications:

  • Proven experience in a finance role with a focus on accounts receivable management.
  • Bachelor’s Degree in Business Administration, Accounting, Finance, or a related field.
  • English, French Speaking is a plus.
  • Additional qualifications relevant to the job description.
Lieu de travail:
One Central - Trade Centre - Trade Centre 2 Dubai, UAE
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