Accountant I Dubai | Financial Services| Orient Insurance PJSC

Job Requisition ID: 176501 

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 a 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.