Senior Accountant Insurance Sector

Position: Senior Accountant Insurance Sector

Employment: Hiring for a leading Insurance Company in Bahrain

Employment Type: Full-time Permanent

Job Overview

We are seeking a highly skilled and experienced Senior Accountant to join our client in the insurance sector. The ideal candidate will have a strong background in accounting and a deep understanding of the insurance industry. This is a full-time permanent position based in Bahrain.

Key Responsibilities:

• Prepare management reports including monthly actual vs. budget and sales forecast analysis.
• Prepare and submit mandatory regulatory filings within statutory deadlines.
• Prepare financial statements in accordance with IFRS with specific focus on IFRS 17.
• Coordinate with internal and external auditors and provide required audit support.
• Supervise junior accountants review their work and ensure timely completion of tasks.
• Perform month-end closing including accruals prepayments depreciation and adjustments.
• Prepare and review journal entries for branches and agencies.
• Perform reconciliations for banks clients insurance companies workshops suppliers and interbranch/intercompany accounts.
• Review receipts and supporting documents related to claims payments refunds and suppliers/providers.
• Prepare payment vouchers cheques and related accounting records.
• Maintain and update the fixed assets register.
• Prepare monthly employee deduction vouchers.
• Prepare and manage bank and supplier confirmations on a periodic basis.
• Perform other duties as assigned by management.

Education

Bachelors degree in accounting or a related field with additional professional qualification is preferred.

Experience & Knowledge

• 36 years of accounting experience in the insurance industry.
• Strong experience in regulatory reporting management reporting and IFRS compliance.
• Working knowledge of IFRS 17 and insurance accounting standards.

The job offers a competitive salary and benefits package as well as opportunities for professional growth and development. If you are a dedicated and experienced Senior Accountant with a passion for the insurance industry we would love to hear from you.