Finance Executive - Insurance

Gentis

  • United Arab Emirates
  • Permanent
  • Full-time
  • 2 days ago
Job descriptionHere'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.Profile descriptionIndustry 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.

Gentis