Assistant Manager - Finance - Orient

Job description / Role

Orient is an Al-Futtaim company, considered a leader in the regional insurance market with representation in the UAE, Oman, Egypt and Syria, and the only company in the Middle East that carries a combined ratings A Excellent from A.M. Best and A (strong) from Standard and Poor's.

Orient is also accredited with ISO 9001 Quality Management Certification. The company believes in a well structured transparent corporate culture, highly professional standards and intergrity, clear strategy and employee empowerment.

For this role, the duties and responsibilities are as follows:
* Review statements of accounts from associate companies and compare with Orient's debtors ledger in order to identify variations and initiate appropriate corrective actions for timely recovery of premiums.
* Maintain and update the fixed assets records in order to exercise effective control of the assets of the company.
* Monitor the maturity dates of all fixed deposits in order to decide timely renewals, encashments or transfer to other banks in order to maximise the profitable return on the company's investments.
* Monitoring and review of insurance company accounts, arranging reconciliation and resolving outstanding items in reconciliation. Follow up for collection and arrange settlement.
* Collect and compile the premium production statistics related to business generated by the respective field development officers / managers in order to analyse and evaluate their individual performance and related costs for review and appropriate action by EVP - Business Dveelopment and GP - Orient.
* Receive and review the monthly transaction reports from the branches.
* Perform tasks and carry out department supervisor functions as when required by the Accounts Manager in order to accomplish specific objectives and ensure effective continuity of operation.

Requirements

* Graduate of Bachelor's degree in Commerce.
* Must have an intensive knowledge in IRFS, Accounting standards principles, practices and familiar with the insurance business.
* Well versed in computerised systems such as Orion, Microsoft Office, Execel and Internet.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.