Accountant I Dubai | Financial Services| Orient Insurance PJSC

179124

Job Description

Insurance-Specific Payables

• Process claims-related payments (garages, hospitals, policyholders) in coordination with Claims and Medical teams.
• Validate and process broker commission payments (e.g., AON, Marsh), ensuring accuracy of commission statements and agreements.
• Manage reinsurance payables, including treaty and facultative settlements, in line with contractual terms.
• Process and monitor premium refunds, ensuring proper approvals, documentation, and compliance with internal policies.

Invoice Processing & Vendor Payments

• Review, verify, and record vendor invoices accurately in the system.
• Ensure all invoices are supported with proper documentation and approvals prior to posting.
• Execute payments through bank transfers, cheques, or other approved payment methods.
• Maintain and update vendor master data, ensuring accuracy of supplier and bank details.
• Ensure compliance with VAT and regulatory requirements, including validation of input VAT and proper reporting.

Required Skills To Be Successful (Qualifications)

• Bachelor’s degree in Accounting, Finance, or related discipline.
• 2-5 years of experience in Accounts Payable, preferably within the insurance or financial services sector.
• Hands-on experience in insurance-specific payments (claims, reinsurance, commissions) is highly preferred.

Controls, Compliance & Reconciliation

• Ensure adherence to internal controls, audit requirements, and regulatory guidelines applicable to insurance operations.
• Support reconciliation of payables, vendor balances, and insurance-related settlements where required.
• Coordinate with internal stakeholders (Claims, Underwriting, Reinsurance, Finance) to resolve discrepancies.

Reporting & Operational Support

• Assist in preparing periodic reports related to payables, commissions, and settlements.
• Support month-end closing activities and audit requirements.
• Handle queries from vendors, brokers, and internal teams in a timely and professional manner.
• What Equips You For The Role (Skills & Competencies)
• Strong understanding of insurance accounting processes (claims, commissions, reinsurance).
• Good knowledge of VAT and compliance requirements in the UAE.
• Proficiency in ERP/accounting systems and Microsoft Excel.
• High attention to detail and ability to manage high transaction volumes.
• Strong coordination and communication skills to work across multiple stakeholders.
• Ability to work independently and meet tight deadlines.

About Orient Insurance PJSC