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Senior Accountant (Arabic Speaker)

MetLife GulfDubai, UAE2 weeks agoSeniorfulltime
Financial ReportingIFRSGAAPAudit ManagementTax ComplianceBudgetingForecastingFinancial AnalysisERP Systems (e.g.SAPOracle)ACCACMACPAVATExcise TaxFinancial StatementsGeneral LedgerAccounts PayableAccounts ReceivableReconciliationMonth-End CloseYear-End CloseUAE VAT LawSaudi Arabian Tax LawQatar Financial RegulationsOman Tax DirectivesBahrain Economic VisionKuwait Taxation PoliciesTreasury ManagementInternal ControlsRisk AssessmentMicrosoft Excel (Advanced)Data AnalysisAuditing StandardsProfessional SkepticismEthical ConductFinancial ModelingVariance AnalysisCost AccountingPayroll ProcessingWorking Capital ManagementLiquidity ManagementStrategic Financial PlanningRegulatory ReportingBusiness PartneringContinuous ImprovementCost OptimizationCapital Expenditure AnalysisMergers & Acquisitions (M&A) SupportDue DiligenceCompliance AuditsStatutory AuditsInternal AuditsSarbanes-Oxley (SOX) - relevant for international companiesData VisualizationBusiness Intelligence (BI) ToolsCloud Accounting SoftwarePwCEYDeloitteKPMGBig Four AuditsIndustry-Specific Accounting (e.g.Real EstateOil & GasHospitality)Free Zone RegulationsEconomic Substance Regulations (ESR)AML/KYC ComplianceCorporate GovernanceIntercompany TransactionsConsolidation AccountingCurrency TranslationTransfer PricingTrade FinanceLetters of Credit (LCs)Bank GuaranteesProject AccountingCost AllocationFixed Asset ManagementInventory ValuationAmortizationDepreciationAccrualsPrepaymentsDeferred RevenueLease AccountingFinancial Planning & Analysis (FP&A)Management AccountingPerformance MetricsKey Performance Indicators (KPIs)P&L ManagementBalance Sheet ManagementCash Flow StatementStatement of Changes in EquityBudget Variance AnalysisRolling ForecastsScenario PlanningSensitivity AnalysisProfitability AnalysisReturn on Investment (ROI)Net Present Value (NPV)Internal Rate of Return (IRR)Working Capital RatiosLiquidity RatiosSolvency RatiosActivity RatiosProfitability RatiosCost-Benefit AnalysisBreak-Even AnalysisEconomic Order Quantity (EOQ)Inventory TurnoverDays Sales Outstanding (DSO)Days Payable Outstanding (DPO)Cash Conversion CycleReconciliation ReportsAudit Findings and RecommendationsCorrective Action PlansInternal Audit ReportsExternal Audit ReportsManagement ReportsBoard ReportsInvestor Relations SupportShareholder ReportingDividendsCapital Gains Tax (where applicable)Withholding TaxCustoms DutiesStamp Duty (where applicable)Municipal FeesChamber of Commerce FeesEmirates ID / IqamaResidency PermitsLabor ContractsVisa ProcessingBank Account OpeningCompany RegistrationTrade License RenewalCommercial RegistrationMemorandum of Association (MOA)Articles of Incorporation (AOI)Shareholder AgreementsBoard ResolutionsMinute BooksCompany SealNotarizationLegalisation of DocumentsAttestation ServicesPower of AttorneyAgency AgreementsFranchise AgreementsLease AgreementsEmployment ContractsService Level Agreements (SLAs)Non-Disclosure Agreements (NDAs)Intellectual Property AgreementsTerms and 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Turnover RatioAccounts Receivable TurnoverAccounts Payable TurnoverWorking CapitalCash FlowBudgeting ProcessForecasting ModelsVariance AnalysisScenario PlanningSensitivity AnalysisFinancial ModelingValuationDiscounted Cash Flow (DCF)Comparable Company Analysis (CCA)Precedent Transactions Analysis (PTA)Sensitivity ModelingRisk ModelingPortfolio ManagementAsset AllocationDiversificationRisk-Return ProfileInvestment HorizonLiquidity ManagementTreasury OperationsCash ManagementWorking Capital OptimizationFactoringInvoice DiscountingTrade Finance InstrumentsLetters of CreditBank GuaranteesPerformance BondsBid BondsAdvance Payment GuaranteesStandby Letters of CreditDocumentary CollectionsExport CreditImport FinancingSyndicated LoansProject FinancingInfrastructure FinancingMezzanine FinancingEquity FinancingDebt FinancingVenture DebtAngel InvestingSeed FundingSeries ABC FundingCrowdfundingGrantsSubsidiesGovernment IncentivesTax CreditsTax HolidaysInvestment ZonesEconomic Free ZonesSpecial 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About This Role

Requirements Description and Requirements JOB PURPOSE: The IFRS 17 Reporting Specialist is responsible for assisting with the preparation of regulatory filings as well as the financial statements, footnotes, and management discussion and analysis. The person is also responsible for the coordination and execution of the external reporting process, including coordination with external auditors. The Reporting Specialist will work with various departments within the Company, representing Financial Reporting to ensure that needs and requirements are properly communicated and achieved. As a result, this position requires strong inter-personal and communication skills. The ability to manage multiple tasks and work under time pressure are also critical to this role in addition to a strong background in accounting and USGAAP/IFRS requirements.

This role requires advanced skills in automation and data transformation , particularly leveraging MS Office automation tools to streamline IFRS 17 reporting processes. The successful candidate will drive the development of automated templates, dashboards, and workflows to enhance data accuracy, reduce manual effort, and improve reporting cycle efficiency.

The successful candidate will play a key role in maintaining the integrity of our financial statements and supporting our commitment to transparency and regulatory compliance.

DESCRIPTION:

  • Knowledge and experience in IFRS 4 and IFRS 17 standards.
  • Build and develop IFRS 4 to IFRS 17 reconciliation processes and templates.
  • Develop the chart of accounts, mappings, ledger postings, and reporting performance.
  • Prepare IFRS 17 workflows and develop enhancements where applicable.
  • Prepare and update accounting policies and manuals related to IFRS 17.
  • Participate in the automation of IFRS 17 processes.
  • Assist with the preparation of financial statements and regulatory returns on a monthly, quarterly, and annual basis for assigned countries.
  • Work closely with external auditors to ensure the smooth completion of all audit processes related to IFRS 17 reporting and other assigned requirements.
  • Analyze and interpret complex financial data related to insurance contract cohorts.
  • Develop variance analysis and metrics for quarterly management review.
  • Communicate financial data effectively to nonfinancial managers.
  • Respond to financial inquiries from regulators by gathering, analyzing, summarizing, and interpreting data.
  • Assist in developing automated worksheets, eliminating duplication, and coordinating information requirements.
  • Support the Reporting Supervisor and Manager in preparing updating reports, ad hoc analyses, and management presentations.
  • Support operational readiness activities, including data reconciliation and opening balance sheet activities.
  • Assist in training associates in IFRS 17-related areas.
  • Perform any additional tasks assigned from time to time.

COMMUNICATIONS & WORKING RELATIONSHIPS: Internal: Chief Financial Officer, Financial Controller, Accounting Manager, IT, Customer Service, Internal Audit and others Gulf & Regional Department Heads.

External: External Auditors & Regulators

QUALIFICATIONS, EXPERIENCE, & SKILLS:

  • Bachelor’s degree in accounting (preferred), or Finance, Business Administration, Economics or other related fields
  • Minimum of 3+ years’ financial reporting experience
  • 2 - 5+ years audit experience or/ and 3 - 5 years proven experience in similar reporting role in a MNC with multiple reporting requirements
  • Arabic Speaker is required
  • Professional accounting designation (CPA, ACCA, CA.) is highly desired
  • knowledge of financial reporting frameworks like USGAAP & IFRS
  • Experience in risk assessment and internal controls framework implementation
  • Expert knowledge of financial statement preparation, financial reporting, financial analysis
  • Proficient in Microsoft Office applications (Word, Excel, etc.)

COMPETENCIES REQUIRED:

  • Leadership skills.
  • Strong communication and presentation skills
  • Business acumen.
  • Structured & organized.
  • Detail oriented and analytical.
  • Highly motivated with a strong sense of duty.
  • Time management.
  • Team player
  • Stress management.
  • Interest for process improvement and demonstrate innovation.
  • Flexible on changes and challenges exiting processes.

About MetLife Recognized on Fortune magazine's list of the "World's Most Admired Companies" and Fortune World’s 25 Best Workplaces™, MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.

Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible . Join us!

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