Finance Executive - 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, Syria and Sri Lanka 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 integrity, clear strategy and employee empowerment.

The duties and responsibilities for this role are the following:

* Preparation and timely submission of all regulatory returns including IBSL Quarterly returns , RBC returns, Central Bank Returns etc
* Implement Risk Based Capital(RBC) framework which will be enforced in 2016 and the Mandatory parallel run commencing from 1Q 2014.
* To ensurethat all taxes are computed and finalized two working days prior to its dead line and paid on or before the due dates.
* To ensure that all accounting provisions and accruals are journalised and followed up on a timely basis with regular review and reconciliations.
* Review and approve Credit notes raised in respect of all Insurance related payments including Claims, refunds , VAT etc , in Premia 10and to ensure that such entries are passed to the correct division and department in ledger accounts including monthly reconciliation of such accounts.
* To play a proactive role in full implementation of IFRS and IAS

Requirements

To be successful in winning this role, the ideal candidates must possess the following qualifications:

* Holding a Bachelor's degree in Commerce.
* Having over3 years of experience Finance, preferably in an Insurance Industry.
* Well-versed in MS office applications (especially Excel), working knowledge on Premia will be an added advantage
* Excellent interpersonal and communication skills.

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.