Chief Financial Officer

3 days ago


Manama, Manama, Bahrain Arabia Insurance Company Full time

Job Title: Senior Accountant

About Arabia Insurance Company

We are a leading insurance company in Bahrain, dedicated to providing excellent service to our clients. We are seeking a highly skilled Senior Accountant to join our team.

Job Description

The Senior Accountant will be responsible for applying accounting principles and procedures to complete accounting and financial duties of the Branch. This includes booking accounting transactions, validating supporting documents of accounting vouchers, reconciling accounts, and ensuring proper accounting controls are implemented.

Key Responsibilities:
  • Abide by the established departmental policies, procedures, and objectives.
  • Review receipts issued and check all documents relating to payments including claims, workshops, hospitals, suppliers, providers, refunds.
  • Prepare the Payment Vouchers and the corresponding cheques.
  • Prepare journal vouchers including expenses, special discounts, petty cash replenishment, receivable deposits.
  • Respond to the queries received from the credit control team and the technical teams.
  • Maintain an updated cheque register for undelivered cheques to third parties and workshops and for motor experts' fees.
  • Prepare journal entries related to the branches and agencies.
  • Handle all the filing related to his/her job.
  • Prepare reconciliations of accounts of clients, workshops & Insurance Companies, banks, and interbranch/intercompany accounts.
  • Update and maintain the fixed assets register.
  • Perform month end closing of accounts procedure, including recording of prepaid expenses, depreciation, and accruals and other closing entries.
  • Prepare monthly deduction vouchers for employees' accounts.
  • Maintain manual receipt books register and delivery information.
  • Verify and control manual receipt books received from agents and collectors.
  • Assist in the preparation of the regulatory reports to concerned governmental bodies.
  • Prepare the confirmation letters requests for banks and suppliers on a periodic basis.
Requirements:
  • Bachelor's degree in accounting or a related field.
  • 4 to 6 years of experience in accounting, preferably in the insurance industry.
  • Ability to work under pressure, and with minimum supervision.
  • Detail oriented and errorless delivery.


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