Accountant Jobs In Dubai | Petra Insurance Brokers

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About the job

Job Summary: As an Accountant, you will play a crucial role in managing financial transactions, maintaining accurate records, and ensuring compliance with relevant regulations. Your primary responsibilities will revolve around financial reporting, reconciliations, and assisting in the preparation of financial statements. You will collaborate closely with various departments, such as finance and underwriting to support the overall financial operations of the company.

Key Responsibilities:

• Financial Record-keeping: Maintain accurate and up-to-date financial records, including accounts payable and receivable, general ledger entries, and expense reports.
• Reconciliation: Perform regular bank reconciliations to ensure all transactions are accurately recorded and balanced. Also, to perform Insurance company’s reconciliation on a regular basis.
• Financial Reporting: Assist in the preparation of financial statements, management reports, and various financial analyses to support decision-making processes.
• Budgeting and Forecasting: Contribute to the budgeting and forecasting processes by providing financial data and insights to aid in planning and setting financial targets.
• Accounts Payable and Receivable: Process payments to vendors and track outstanding invoices. Monitor accounts receivable to ensure timely collection of premiums from clients.
• Tax Compliance: Ensure compliance with local tax regulations, including VAT reporting and submission.
• Internal Controls: Implement and maintain effective internal controls to safeguard company assets and ensure financial accuracy.
• Auditing: Collaborate with external auditors during the annual audit process to provide necessary documentation and explanations.
• Financial Analysis: Analyses financial data, identify trends, and provide recommendations for improving financial performance and operational efficiency.
• Insurance Policies and Premiums: Work with underwriting teams to track insurance policies, premiums, and commissions accurately.
• Compliance: Stay updated with relevant laws, regulations, and accounting standards applicable to insurance brokerage companies in the UAE.
• Software Utilization: Utilize accounting software and other financial tools to streamline processes and enhance accuracy.
• Ad-hoc Tasks: Assist in other financial and administrative tasks as required by management.

Requirements

• Bachelors degree in Accounting, Finance, or a related field.
• Professional certifications such as ACCA, CMA, or CPA would be an advantage.
• Proven experience as an accountant, preferably within the insurance industry or brokerage firms.
• Familiarity with International (IFRS) and tax regulations.
• Proficiency in using accounting software and Microsoft Office applications.
• Strong analytical skills and attention to detail.