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Senior Finance Manager

3 months ago

Dubai, Dubai, United Arab Emirates Petra Insurance Brokers Full time
Job Overview
As a pivotal member of the finance team at Petra Insurance Brokers, the Senior Accountant will play a crucial role in overseeing financial operations and ensuring the integrity of financial reporting.

Key Responsibilities
  • Supervise and assess the performance of the accounting team within a framework that promotes growth and manages relationships with insurance partners.
  • Collaborate with stakeholders to ensure accurate and timely month-end financial closings.
  • Comprehend and implement the financial strategy, applying the finance policy effectively while establishing and enforcing internal controls.
  • Engage with both internal and external auditors to facilitate prompt audit completions.
  • Ensure adherence to VAT regulations and manage the filing of returns, alongside proficiency in reporting to regulatory bodies.
  • Oversee banking operations, conduct monthly reconciliations, and guarantee timely settlement of expenses based on cash flow forecasts.
  • Prepare payment proposals, execute payments, and allocate resources for insurance policies and commissions for sub-brokers.
  • Conduct quarterly account closures and reconcile accounts with insurance entities.
  • Process invoices for life insurance accounts and maintain reserve accounts for agents.
  • Manage schedules for gratuity, accruals, and depreciation.

Qualifications
  • Comprehensive understanding of the organization’s financial objectives and the ability to devise effective strategies to achieve them.
  • Self-motivated leader with the ability to inspire others.
  • Proficient in fostering relationships with insurance companies.
  • Strong presentation skills to communicate new initiatives and strategies.
  • Experience in project management and implementation.
  • Ability to identify process gaps and implement corrective measures.
  • Entrepreneurial mindset with negotiation expertise.
  • Exceptional communication abilities.
  • Technologically adept, utilizing modern applications to enhance business efficiency.
  • Skilled in organizing and preparing for management meetings, including agenda creation and monitoring action items.
  • Proven leadership and management capabilities.
  • Analytical skills for contract writing, budgeting, and profit/loss forecasting.
  • Strong decision-making skills.
  • Extensive knowledge of MS Office applications.