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Job description / Role

Job Type

Full Time

Job Location

UAE

Nationality

Any Nationality

Salary

Not Specified

Gender

Not Specified

Arabic Fluency

Not Specified

Job Function

Accounting & Audit

Company Industry

Retail

Company Overview

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions: automotive, financial services, real estate, retail, and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia, and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration, and integrity, Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Job Description

To manage end-to-end reinsurance (R/I) accounting operations, including payments, bank transfers, receipting, matching, and reconciliations, while providing operational support to R/I Accountants and ensuring accurate financial reporting in line with insurance accounting standards.

What you will do

Reinsurance & Financial Accounting

• Handle all payments, bank transfers, matching, receipting, and reconciliations related to Reinsurance (R/I) accounts.
• Maintain accurate accounting records for reinsurance premiums, recoveries, commissions, and balances.
• Perform regular bank, ledger, and account reconciliations, investigating and resolving variances promptly.
• Support R/I Accountants in treaty and facultative accounting activities, as required.
• Ensure timely and accurate posting of accounting entries in accordance with insurance accounting practices.

Operational Support & Controls

• Assist in month-end and year-end closing activities related to reinsurance accounts.
• Ensure compliance with internal controls, audit requirements, and regulatory guidelines applicable to insurance companies.
• Coordinate with internal teams and external stakeholders (banks, reinsurers, brokers) to resolve discrepancies.
• Prepare supporting schedules and documentation for internal and external audits.
• Carry out any other finance or accounting tasks assigned from time to time.

Required skills to be successful

• B.Com or equivalent qualification (mandatory).
• 7–10 years of experience in accounting within the insurance industry, with strong exposure to reinsurance accounting.
• Solid understanding of insurance accounting principles, particularly R/I transactions.

What equips you for the role

• Strong working knowledge of Microsoft Excel (reconciliations, data analysis, reporting).
• High attention to detail with strong analytical and problem-solving skills.
• Ability to manage high volumes of transactions with accuracy and timeliness.
• Good communication and coordination skills to work effectively with cross-functional teams.
• Ability to work independently and handle ad-hoc responsibilities as assigned.
• Hands-on experience in reinsurance accounting operations within an insurance environment.
• Strong reconciliation and financial control mindset.
• Ability to operate in a structured, compliance-driven organization.

About Orient Insurance PJSC

Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded progressively steady growth. The company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of AED 500 million, which is the highest in the insurance industry in UAE. With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah, and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman, Riyadh in Kingdom of Saudi Arabia, and Bahrain.

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.