Head of Finance Tech Accounts

Bahrain

Ref: LP127-1190

Job description / Role

Employment: Full Time

Our Client is one of the world’s highest-capitalised Islamic reinsurance entities. They are currently looking to recruit Head of Finance Tech Accounts to be based in Bahrain.

Reporting Line: CEO / Group CFO

Duties & Responsibilities:
- Reviewing bank reconciliations
- Reviewing investment instructions sent to banks & making sure that they are in alignment with the approved instruction
- Reviewing Trust statements of accounts and their reconciliations
- Reviewing & approving purchase orders.
- Reporting any outstanding payables that needs to be settled
- Strategic financial analysis and planning
- Budgeting planning review and analysis
- Responsible for the technical accounts administration for both facultative and treaty business
- Monitoring and ensuring the accuracy of all technical bookings, generating reports and statistics
- Supervising and motivating technical accounting staff and responsible for the development of their skills and knowledge, and ensuring adherence to company standards, policies and procedures
- Liaising with Underwriting & Claims department on technical accounting matters and any other related duties as instructed by the management from time to time
- Responsible for implementing commercial credit policies and effective credit management practices to ensure that company’s exposure to bad debts are minimized and collections are effected on a timely basis
- Corresponding with the Central Bank and other regulatory bodies on legal and regulatory issues
- Ensuring timely submission of various statutory returns required by the Central Bank & other regulatory bodies.
- Providing day-to-day direction and working with staff to ensure high performance and work environment that supports achieving the company’s mission, strategic plan, objectives and values
- Establishing and reviewing internal control procedures, mapping & preparing business processes, identifying weaknesses and advising on rectification of controls to enhance efficiency

Requirements

- Degree in Accounting and preference is given to professional qualifications (CA, ACCA, CMA, CIMA).
- At least 5 years of accounting experience with a solid technical background in financial accounting insurance and reinsurance industries;
- Strong analysis and reporting skills to ensure high standard of management and other reports with working knowledge of pivots and financial modeling;
- Well versed in Microsoft Office, particularly Excel;
- Experience in SAP FICO.

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions: