Senior Investments Accountant

1 week ago


Dubai, Dubai, United Arab Emirates Sukoon Insurance Full time

Job Purpose:

The jobholder will be responsible for the accounting, reporting and analysis of the company's Investment Portfolio. This role involves ensuring accuracy in financial reporting, compliance with regulatory requirements and supporting strategic investment decisions. The ideal candidate will have a strong background in investment accounting, exceptional analytical skills and the ability to work collaboratively in a fast-paced environment.

Job Accountabilities:

Investment Accounting:

  • Maintain accurate accounting records for all investment transactions, including acquisitions, dispositions, and income recognition for all asset classes. This will be required through usage of accounting systems and excel templates.
  • Reconcile investment accounts and ensure all discrepancies are resolved promptly.
  • Prepare and post journal entries related to investment activities.
  • Coordination with Assets Managers & Custodians to ensure settlement and resolve any queries.
  • Work closely with the counter parties (Investment Banks & Fund manager).

Financial Reporting/ Regulatory/ ADHOC Reporting:

  • Assist in the preparation of monthly, quarterly, and annual financial statements and regulatory reports.
  • Ensure compliance with statutory accounting principles and other relevant regulations.
  • Support the preparation of footnote disclosures for investment-related items in financial statements.
  • Preparation of budgets and periodical forecasts including cash flow / forecasted cashflow analysis.

Analysis and Valuation:

  • Uploading the data into Bloomberg to ensure that the data can used for analysis.
  • Perform detailed analysis and valuation of investment securities and assets.
  • Monitor and report on the performance of the investment portfolio, including yield analysis, market value fluctuations, and risk assessments.
  • Provide insights and recommendations to senior management based on investment performance analysis.

Compliance and Controls:

  • Ensure adherence to internal controls and procedures related to investment accounting and reporting.
  • Assist with internal and external audits by providing necessary documentation and responding to audit queries.
  • Also ensure that we are not breaching any limits or guidelines.

Collaboration and Support:

  • Work closely with the investment management team to understand transaction details and ensure accurate accounting treatment.
  • Collaborate with other departments, including treasury, legal, and compliance, to support overall financial objectives.
  • Provide support for ad-hoc projects and initiatives as required.
  • Work closely with investment team to ensure that funds including investment maturities are reinvested timely and any free cash flow is utilized and reinvested promptly.
  • support in the preparation of the reporting pack to the management and Board Investment Committee.
  • Working with the investment management team to ensure that all the portfolio is in line with the mandate.

Skills Required:

  • Knowledge on accounting principles.
  • Strong analytical skills, financial acumen, attention to detail and proficiency in Financial Modeling.
  • Knowledge of market trends, economic indicator, and risk assessment.
  • Understanding of various investment instruments.
  • Knowledge on Microsoft office applications (Excel, PowerPoint).
  • Bloomberg Terminal (preferable).

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